What is Amazon| Basic knowledge about Amazon and E-commerce|

In this video I have explained the following basic knowledge about Amazon and E-commerce which will clear all your basic doubts about E-commerce.
Amazon:-

Amazon is the largest B2C online retailer in the world.
As being an online retailer, Amazon allows individual and businesses to sell their Products online on its website.

Businesses means Manufacturers, Companies etc.
Individual Means Common Man.

Founded:-
July 5, 1994; 27 years ago
Bellevue, Washington, U.S.

Owner:-
Jeff Bezos

Headquarters:-
Seattle, Washington and Airlington, Virginia, US.

Key People:-
Jeff Bezos (Executive Chairman)
Andy Jassy (President and CEO).

Revenue in 2021:-
469.822 billion US dollars.

Employees:-
1,608,000 in December 2021

Number of People in the world:-
7.753 billion.

Amazon website visitors:-
In February 2022, Amazon had over 2.2 billion combined desktop and mobile visits.

Prime Members of Amazon:-

Amazon has over 200 million Prime members. Sales during Prime Day on Amazon reached $11.79 billion in 2021. Amazon Prime is available in 22 countries as of October 2021.

Why we target Amazon?

According to the trusted source statista, it found that there is a massive increase in the net revenue of Amazon.
As per the article the revenue increased by 165% up in just 5 years.
So that's the opportunity to invest in this market Place because 1,029,528 new sellers have joined Amazon this year and if we look at the above figures so it is clear that why we choose Amazon.

Interesting Fact:-
$1.5 of every $2 in the USA is spent on Amazon.

Market Places of Amazon:-
United States
Canada
Mexico
United Kingdom
Germany
France
Italy
Spain
Japan Singapore
UAE
Brazil
Australia
India
Netherland
Saudi Arabia
Sweden
Poland etc.

How selling on Amazon works:-

1. You send Products to Amazon
2. Amazon stores your Products
3. Customers Purchase your Products from Amazon.
4. Amazon Picks and Packs Products
5. Amazon ships Products to Customers.

But the simple science behind this must be understood first.

Amazon shipping methods to customers:-

1. FBA ( Fulfillment by Amazon)
In this method Amazon Receive and stores your inventory at Amazon warehouses and then if someone purchase your products then Amazon Picks and Packs that products and then shipped to the Customer in the required time by Amazon.

But remember Amazon charge it's fee for all these Process.

2. FBM ( Fulfillment by Merchant)
In this method the seller Receive the inventory from Manufacturer by itself and then store, Picks, Packs and shipped by the seller itself.

In this method you are responsible for the Products to deliver it safe and on time because if the Products are not delivered on time and if then the customer send complaint to Amazon about late delivery then this is not Good for your account Health.

Therefore we Preferred FBA model for All Amazon sellers because in FBA we are free from our Products Tensions and also FBA is Safe.

Amazon business models:-
1. Private label.
2. Wholesale.
3. Dropshipping
4. Online Arbitrage
5. Retail Arbitrage
6. Handmade

Some knowledge about e-commerce for Newbies.

Commerce:-
The activity of buying and selling.

E-commerce:-
The activity of buying and selling of goods or services using the internet.

Types of E-commerce:-
Business to Business (B2B).
Business to Consumer (B2C).

Business to Business (B2B):-
A B2B model focuses on providing Products from one business to another business.

For example:-
Dealing with a manufacturer or supplier for a specific (Especially Large) quantity of units. (Alibaba etc).

Business to Consumer (B2C):-
The B2C E-commerce is related to the transactions and relationship between businesses and the end customer.

For example:-
Amazon, Daraz, eBay etc

Channels of E-commerce:-
1. Direct Traffic (SEO) Search engine optimization.
2. Paid Search:-
Paid Search means buying traffic from search engines by running ads.
3. Market Places:-
Amazon, Daraz, eBay, Walmart, Daraz, best buy, blue fly, bonanza, Etsy etc.
4. Social media:-
Facebook, Instagram, Pinterest, Twitter, Tiktok etc.

Top International E-commerce Websites:-
1. Amazon
2. eBay
3. Walmart
4. Etsy
5. Homedepo
6. Daraz

Hope you will understand everything from scratch after watching this video.

#amazon #ecommerce #pakistan #basic #knowledge