2020 was the best year for Ecommerce Marketplaces in 10+ years! Ecom had a step change. And Marketplaces were there to capture it all!💰💰🤑

by SurfTokyo

"Amazon marketplace added eBay’s worth of sales to its GMV this year."
"In 2020, sellers on the Amazon marketplace sold an estimated $295 billion worth of products, increasing their sales by $95 billion, up from $200 billion in 2019. Attracted by that, nearly $1 billion in fresh capital was committed to firms looking to acquire Amazon sellers and brands."
"The Amazon seller is now in its third form. The Amazon seller 1.0 was a reseller. Advertising on Amazon and private label brands created the Amazon seller 2.0. The current seller - the Amazon seller 3.0 - is building Amazon-native brands, intentionally selling multi-channel, driving traffic from outside of Amazon, and investing in social commerce. The underlying Amazon marketplace building blocks remain the same, but the seller had to evolve to create more value and differentiate from the competition."

CHEERS! ✔️👍