Korna Year 2020
The year 2020 brought the Corona virus into the world, with closures and social remoteness and restrictions on the activity of shops and shopping centers, which led to a significant increase in online sales. This reality is evident in the Amazon sales platform which has soared to numbers above and beyond expectations, with an increase of close to forty percent in revenue compared to the previous year and a net profit of over five billion dollars.
The increase was due, among other things, to Amazon’s ability to handle online shopping loads, with a wide and professional array of storage infrastructure and a multi-channel shipping array that allowed Amazon to rush forward. True, it was not easy and there were also delays in receiving inventory, but compared to other shipping companies Amazon’s logistics array is considered such a dizzying success that the company now offers its services to companies and other global players as well.
What is expected in 2021
It is important to know that the world of online sales in general and Amazon in particular is constantly changing, and what was true five years ago may already be less appropriate and relevant nowadays. Mostly the need arose for a much larger investment in goods and customers. Also, Amazon’s search engine aims to put in high and first places products as relevant as possible.
With reference to 2021, with the Corona still continuing, the success of trading on Amazon is also expected to continue. Amazon’s analytics capabilities with technologies based on advanced algorithms and artificial intelligence will provide accurate analytics tools for identifying trends and trends in demand in various trading areas. These will give Amazon merchants a prediction of the best dates, prices and places to sell various goods and products.
It is also likely that next year Amazon will actually slow down its private label activity due to criticisms it has received for unfair competition created on its platform. Instead Amazon is expected to invest in customer retention. In addition it is expected to improve its interface with an aspiration to unify different platforms into one, like Amazon Com and Amazon Prime, thus making it easier for surfers to create a uniform shopping cart. Amazon will also invest efforts to promote advertising on its platform, with sponsored advertising already considered the third largest in the world after Google and Facebook.
Improving the shopping experience
In the coming year, special emphasis will be placed on improving the shopping experience on Amazon with a variety of innovative technological means. For example, in the coming year voice aids will benefit the customers of Amazon’s stores and will allow them to perform various actions according to a voice command, such as ordering a product, tracking a shipment and more. Live video services launched last year are also expected to expand, with the option to make real-time broadcasts through Amazon’s platform featuring various products, tips and more.
This is in addition to an experience platform that provides a means of live tours and virtual studies in front of the customer, where during these broadcasts various products and services can be offered for sale. In addition, Amazon promotes virtual means that allow you to experiment with different products, whether selling home furniture or a virtual dressing room for different fashion items.
Find the gold product
As every year, also towards 2021 the question of the questions is in which products it is worth investing for trading on Amazon. The answer to this question requires professional knowledge that allows you to identify products with potential for sale online. For example, studies and analyzes in the field indicate a boom in the second-hand market, with a five-fold increase in the expectation of these products. There is also a demand for customized products with stores that allow their customers to personally design various products like jewelry, ornaments, dresses and shoes. Beyond that, at Amazon Israel the items that are highly successful include in the field of food and with an emphasis on health food, state-of-the-art training clothes, virtual reality glasses, books and more.
The cost of investing in trading on Amazon
For 2021 private label trading, offered by Amazon, can certainly provide a respectable income with an initial investment of a few thousand dollars. In this method goods and products are shipped to Amazon warehouses with a minimum investment starting at one thousand to four thousand dollars. In addition it is important to take into account an amount of another thousand dollars for advertising, shipping, text and image design needs.
While this is an initial amount of a few thousand dollars, even for this amount it is not worthwhile in 2021 to take unnecessary risks. So before you start investing money you should invest your energy in careful market research in order to choose lucrative products for trading in the current year and subsequent years. The products must be thoroughly inspected and reliable suppliers found for them. And if you do not have a sufficient understanding in the field of trading on Amazon, even before you start, you should go deeper and update the information for you with a professional course offered by us.
Study in a relevant place
If you plan to enter Amazon trading this year, it is important that you come to the field with a practical and up-to-date toolbox. It should be understood that today’s Amazon is not an Amazon of ten or five years ago, so it is important to contact only those who provide courses with relevant and up-to-date content, such as kobecom’s courses on contemporary Amazon trade, management, marketing, advertising and shipping method provided by Amazon, and so on.