Hey Fellow Amazon Sellers,
Here are this week’s top articles and insights to help you stay on top of the Amazon selling game. Let’s dive right in!
- Amazon’s AI-Driven Listing Content Generator: A First Look
Amazon Seller Central has introduced an early access feature called the “Generate Listing Content” tool, powered by artificial intelligence. The tool assists sellers in creating product listings by suggesting titles, descriptions, and bullet points. While the tool provides foundational content, it lacks features like customized HTML elements and certain keywords, implying that sellers might still have to modify the AI-generated content for optimal results. The tool indicates Amazon’s direction towards integrating AI into their platform, yet it’s emphasized that users should ensure their content aligns with Amazon’s guidelines.
Read More: https://amazonseller.school/amazons-ai-driven-listing-content-generator-a-first-look/ - eBay Cracks Down on International Sellers in July
In a significant move, eBay has implemented stricter measures for international sellers in July 2023. These steps are believed to be a response to rising complaints about shipping delays and product authenticity. International sellers are now subjected to increased scrutiny, and they have to meet enhanced standards to ensure timely deliveries and authentic product offerings. The decision has sparked discussions about how this might impact the diversity and competitiveness of products on eBay’s platform.
Read More: https://www.ecommercebytes.com/2023/07/22/ebay-cracks-down-on-international-sellers-in-july/ - Amazon Ecosystem Gains Traction: Third-Party Sellers Revenue Soars 18 Percent
Amazon’s third-party sellers experienced a significant revenue boost in 2023, with earnings increasing by 18 percent. This growth underscores the expanding influence and success of Amazon’s ecosystem. As more merchants and brands join the platform, Amazon continues to solidify its position as a dominant e-commerce marketplace. The increase in revenue also points to the enhanced trust and preference consumers have in purchasing from third-party sellers on the platform.
Read More: https://www.pymnts.com/amazon/2023/amazon-ecosystem-gains-traction-third-party-sellers-revenue-soars-18-percent/ - Amazon Aggregators Are Rightsizing, But What Does That Mean for FBA Brands?
Investments in startups consolidating popular Amazon brands saw a rapid influx of capital, with $12 billion in 2021 and $16 billion by 2022. However, the mood has shifted as growth challenges emerge, leading to the aggregation of aggregators themselves. While big players like Thrashio continue to consolidate, the gold rush seems to have waned. The current economic scenario presents a rolling recession, affecting sectors in waves. Although the intense pace of aggregator growth might be slowing down, they remain significant in the e-commerce landscape, suggesting a future where brands build up to eventually sell to large aggregators, much like the Coca-Cola and Pepsi dynamic.
Read More: https://www.entrepreneur.com/starting-a-business/amazon-is-rightsizing-but-what-does-that-mean-for-fba/455286 - Amazon Drivers’ Union is Target for Teamsters After UPS Contract
The Teamsters Union is setting its sights on organizing Amazon drivers after concluding a contract with UPS. The union’s focus on Amazon comes as they aim to improve working conditions and rights for the company’s vast driver network. This move is seen as a significant challenge to Amazon, which has historically resisted unionization efforts. The potential unionization could greatly impact the e-commerce giant’s operations.
Read More: https://www.bloomberg.com/news/newsletters/2023-08-02/amazon-drivers-union-is-target-for-teamsters-after-ups-contract - Walmart’s Automation vs. Fulfillment by Amazon
Walmart is ramping up its automation efforts to rival Amazon’s Fulfillment by Amazon (FBA) service. The article delves into the comparison between Walmart’s advanced automation in its warehouses and Amazon’s FBA infrastructure. While Walmart is investing in robotics and AI to streamline its fulfillment process, Amazon’s established FBA network continues to be a preferred choice for many sellers. Both giants are constantly innovating to provide faster and more efficient delivery solutions.
Read More: https://raleighpublicrecord.org/walmarts-automation-vs-fulfillment-by-amazon/ - Amazon reports blowout profit, beats on sales, and issues optimistic guidance
Amazon has announced Q2 earnings that surpassed analysts’ projections, with its stock surging over 10% post-trading. The company reported an EPS of 65 cents versus the expected 35 cents, and a revenue of $134.4 billion against the predicted $131.5 billion. CEO Andy Jassy’s cost-reducing measures are seeing significant results, as evident from the largest earnings beat since Q4 2020, despite the company initiating its largest-ever layoffs and a 4% YoY global headcount reduction.
Read More: https://www.cnbc.com/2023/08/03/amazon-amzn-q2-earnings-report-2023.html?_hsmi=269480647 - Amazon Prime Big Deals Day in October
Amazon has announced a major sales event in October, dubbed the “Prime Big Deals Day”. This event promises a plethora of deals and offers exclusive to Amazon Prime members. The day is expected to boost sales significantly, showcasing the e-commerce giant’s aim to further engage its Prime subscribers and attract more shoppers as the holiday season approaches.
Read More: https://www.aboutamazon.com/news/retail/amazon-prime-big-deals-day-october - Amazon Scams on the Rise
Small Business Trends reports a surge in scams targeting Amazon sellers and customers. As Amazon’s platform continues to grow, so does the number of malicious actors trying to exploit its vast user base. Sellers, in particular, are advised to be vigilant and implement best practices to safeguard their accounts and personal information. Customers are also urged to double-check product details and seller feedback before making purchases.
Read More: https://smallbiztrends.com/2023/08/amazon-scams.html?expand_article=1 - Amazon Begins Monitoring and Penalizing Excessive Remote Work
The Guardian reveals that Amazon has started monitoring employees who are working from home more frequently than the company deems acceptable. These workers could face penalties if they exceed the company’s undefined threshold for remote work. This move has raised concerns about employee privacy and how businesses are adapting to the post-pandemic era of remote work.
Read More: https://www.theguardian.com/technology/2023/aug/11/amazon-starting-to-track-and-penalize-workers-who-work-from-home-too-much
Stay informed and continue to adapt to the ever-evolving world of e-commerce!
Happy Selling,
Todd Welch
Amazon Seller School
P.S. Ready to take your Amazon business to new heights? Check out our ‘Path to Six Figures’ program designed to help motivated sellers like you unleash their full business potential. Click here to explore how this program could be your key to success
