If you are searching for new avenues to grow the sales for your small business, you should consider selling on Amazon.
According to the new research from Internet Data Corporation (IDC), small business owners are 2.5 times more likely to have registered 25% or more growth in the past year than those not selling in Amazon stores. What’s more, small businesses selling on Amazon are over two-times likely to witness hiring growth.Small business owners are always looking for ways to increase revenue for their businesses.
And selling online is an effective strategy to do so.Selling on social media, creating an eCommerce website, and selling in an Amazon store or other marketplace are some popular ways you can adopt to grow sales online.The findings of IDC’s research indicate that Amazon stores can be a winning digital sales channel for small businesses to grow their revenues.
Small Business Success in the Multichannel Age
Small businesses need to discover new sales channels to grow their businesses. This is the reason why they are also focusing on digital sales channels in addition to physical channels.
In fact, the majority of small businesses and medium-sized businesses (SMBs) have now started to offer their products/services online.
Needless to say, Amazon is one of the most popular digital sales channels for almost half of the SMBs. 37.5% of SMBs have been selling in Amazon Stores for 1- 3 years.