Amazon's $700 Billion Milestone, eBay's Feedback Facelift, Amazon's Instant Replacement Policy, Tax Season Niche Potential - This week in Amazon & eCommerce - Feb 21

A lot of sellers made that possible…

1. Amazon Third-Party Marketplace Powers Growth: In 2023, Amazon and its sellers boasted a staggering $700 billion in sales, marking a significant leap in gross merchandise volume (GMV) over the past four years, primarily driven by the explosive growth of the third-party marketplace. [Learn more].

2. eBay Introduces 'Verified Purchase' Feedback: Recent findings reveal a surprising lack of awareness among eBay users regarding the platform's feedback system, with approximately half of them unaware that feedback is intended for both buyers and sellers. [Learn more].

3. Amazon's Instant Replacements Raise Seller Concerns: Amazon's latest announcement of a new return policy, allowing buyers to request instant replacements for damaged, defective, or incorrectly ordered items, has stirred concerns among sellers about potential abuse. [Learn more].

4. American Freight's Tax Season Sales Strategy Revealed: Recent studies show a unique correlation between peak sales season and tax season for American Freight, a retail giant specializing in discounted furniture and home appliances. This discovery highlights an interesting potential new market for sellers. [Learn more].

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Isaiah Fritz, Joe White and the OSP Team

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