In its annual survey of nearly 5,000 Amazon entrepreneurs, brands, and businesses, Jungle Scout explores the challenges, strategies, and ecommerce investments of Amazon sellers in 2021.
In its annual survey of nearly 5,000 Amazon entrepreneurs, brands, and businesses, Jungle Scout explores the challenges, strategies, and ecommerce investments of Amazon sellers in 2021. |
AUSTIN, Texas, Feb. 3, 2021 /PRNewswire/ -- Jungle Scout, the leading all-in-one platform for Amazon sellers, today released the results of its survey of nearly 5,000 entrepreneurs, brands, and businesses on Amazon. The 2021 State of the Amazon Seller Report reveals that more than half of Amazon sellers saw increased sales in 2020 during and because of COVID-19.
Amazon's net sales from third-party sellers grew 57% year-over-year in 2020, heavily contributing to Amazon's $386 billion annual revenue. The report explores these sellers' diverse business strategies, including their challenges, revenue, and ecommerce growth plans for 2021.
Key insights include:
1. COVID-19 contributed to Amazon sellers' revenue in 2020.
- 51% of Amazon sellers say their sales increased during and/or because of the COVID-19 pandemic.
- 44% said their businesses have performed better than expected because of the COVID-19 pandemic.
2. 85% of Amazon sellers are profitable going into 2021.
- 62% said their profits increased during 2020.
- 96% plan to expand their Amazon businesses in 2021.
- 39% are considering selling on Walmart.com in 2021, and many are exploring Shopify, Instagram, Target, and other platforms.
- 66% are concerned about increased competition driving prices down.
- Amazon's ad business is booming, but it's costing sellers; 62% are concerned about increasing ad costs on Amazon.
About the Survey
Between Dec. 1-28, 2020, Jungle Scout surveyed 4,864 Amazon sellers, including prospective and former sellers. Respondents represent 70 countries, 17 Amazon marketplaces, and all relevant Amazon product categories. They are ages 18 to 80+, as well as all genders and levels of education. See full report for more details.
About Jungle Scout
Jungle Scout is the leading all-in-one tool for selling on Amazon. Founded in 2015 as the first Amazon product research tool, Jungle Scout today features a full suite of best-in-class business management solutions and powerful market intelligence resources to help entrepreneurs and brands manage their ecommerce businesses. Jungle Scout is headquartered in Austin, Texas, and supports nine global Amazon marketplaces. Read more at www.junglescout.com.
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