As a result of the incredible eCommerce surge that occurred in 2020, 74% of consumers believe that the majority of consumer spending will take place online in the future. This presents a tremendous opportunity for anyone looking to get into ecommerce entrepreneurship in 2021.
Amazon U.S., as the largest eCommerce site in the world, is one of the best ways to get a foot into the industry, and the best part is, you do not need to be a resident of the U.S. to sell on that marketplace.
Why Amazon U.S.?
Here are some stats for you: Amazon has 2.4 million third-party sellers all over the world and 83% of them sell in the U.S. marketplace.
Over one-half of those sellers are not located in the U.S.
Amazon.com, the U.S. Amazon marketplace, sees more than 2 billion unique visitors monthly, which is nearly three times the monthly traffic of its next competitor, eBay. These numbers are only supposed to rise in 2021.
In comparison to its international counterparts, Amazon US has lots of extra incentives for consumers that make it a more attractive platform to sellers. For example, the unparalleled Prime membership has gained more than 112 million buyers.
Additionally, Amazon US boasts more than 165 million products in its catalog. Moreover, 45% of Amazon US sellers have earned more than $25,000 in profit throughout their time as sellers and 75% of Amazon US sellers earn more than $1,000 a month in revenue.
On top of the large customer base and revenue potential, Amazon US also offers Fulfillment by Amazon (FBA), a system that makes selling goods from overseas particularly easy.
FBA allows sellers to send their inventory to Amazon's warehouses and store it there as well. When their goods are sold, Amazon employees are responsible to find, pack, and ship the goods on behalf of the sellers.
While this service is available in all Amazon marketplaces, the accessibility it grants to international sellers is a game-changer. This set up allows international sellers to successfully manage their businesses, without paying to ship their own goods overseas to customers or employing a third party fulfillment center.
Overall, Amazon US selling is set up to be fairly accessible for international sellers. There are very few barriers to start selling and most sellers have their businesses operating within three months and many are profitable in less than a year.
Currently, Amazon is accepting sellers from 102 countries. According to Amazon, to sell from one of the approved countries, you only need proof of residence in your home country, a valid phone number, and an internationally chargeable credit card.
So you know it’s simple and potentially profitable, but how do you become an international seller on Amazon US in 2021? We’ll break it down for you.