Since 1997 Bezos has delivered an annual letter to shareholders. As of April 15, 2021, Bezos delivered his last as Amazon CEO. Here are some key stats Bezos disclosed that Amazon sellers might find interesting:
- Estimated third-party seller profits in 2020 were between $25-39 billion
- 2 million businesses sell on Amazon and account for 60% of Amazon’s sales
- Amazon has 200 million Prime members, up 50 million in just 15 months
- Shoppers complete 28% of purchases on Amazon in less than 3 minutes, and 50% of all purchases are completed within 15 minutes
- Shoppers have more than 100 million Alexa devices
Beyond the facts, Bezos also mentioned “Create more than you consume” to be successful in life. I love that. But, I think we’d all go broke as sellers if shoppers embraced that mindset.
All in all, it should be interesting to see what comes next with Bezos no longer being at the helm as of Q3. I know we’ll be curious to see and of course, we’ll keep you posted with any news that transpires.
