For sellers, Black Friday and Cyber Monday are very important periods of explosive sales.
This year's Black Friday and Cyber Monday have come to an end. Judging from the battle reports sent by sellers, although there was a temporary sales slump in the early stage of Black Friday, the subsequent explosive power has enabled many sellers to reach their annual sales peak, sweeping away the previous haze.
According to the screenshots of the Black Friday online orders posted by sellers, some sellers’ stocks were sold out in seconds, while some other sellers’ order volumes reached 4-5 times the usual level.
Especially during the "Black Friday" promotion, consumers' shopping enthusiasm continued to rise and sales broke records again.
According to Adobe Analytics, US consumers spent $9.12 billion on online shopping on Black Friday (November 25) this year, higher than the transaction data of the past two years. It can be seen that the market data is still steadily rising. Despite the unfavorable factors such as inflation and economic recession, online shopping spending still hit a record high. "Paving the way for sellers to make huge orders, walking with you" Amazon Seller Loan Program products have a preferential annualized interest rate as low as 5%, helping sellers to go overseas during the peak season and ensure sufficient capital chain.
Due to the interweaving of multiple factors such as inflation and weak consumption, the backlog of inventory has caused a surge in pressure on cross-border sellers at the end of the year. This Black Friday Cyber Monday has obviously become an opportunity for major e-commerce platforms, retail giants and cross-border sellers to relieve pressure. Compared with the previous period of sluggish sales, it can be said that the dead tree has come back to life. The influence brought by Black Friday Cyber Monday is very obvious. A seller told Dou Xiaobao that recent orders have more than five times the usual. Data shows that online sales of electronics on Black Friday this year were very strong, 221% higher than the October 2022 average. Toys (up 285%), smart home products (up 271%), audio equipment (up 230%), and fitness equipment (up 218%) were also popular. Mobile shopping is gaining momentum among American consumers. On Black Friday this year, 48% of online sales in the United States came from smartphones, up from 44% last year. From Thanksgiving to Cyber Monday is the peak of online shopping spending this year, reaching $34.8 billion, a year-on-year increase of 2.8%. Data shows that Cyber Monday will be the largest shopping day in the United States this year, with sales reaching $11.2 billion, a year-on-year increase of 5.5%.
According to the latest retail forecast from Insider Intelligence, this year will mark an important milestone for the US retail industry as e-commerce will break the $1 trillion mark for the first time. The original offline business is gradually shifting to online. In addition to the steady increase in demand in developed regions such as Europe and the United States, the emerging Southeast Asian and Latin American markets are growing even faster. The market share of many giants in the top 15 retailers will change. Demand will shift dynamically, and the market will still grow steadily. It depends on who can seize the opportunity in the market changes and competition.
Of course, since the growth of Black Friday is higher than the previous two years, the following Christmas will be more attractive to sellers. The AXA Investment Report shows that even if the cost of living of American consumers rises, suppliers' supply chains are tight, costs rise, and consumer demand declines, e-commerce will still maintain long-term growth under global digitalization. AXA Investment predicts that global e-commerce sales will increase by 12% year-on-year to US$5.5 trillion for the whole year, and will increase by nearly 13% year-on-year in 2023 to US$6.2 trillion, and the sales amount brought by the entire peak season and marketing festivals in the United States will increase by 7.5% year-on-year. Location
Of course, one of the most critical factors for sellers to be able to make a lot of orders during the peak season is to have sufficient funds to ensure the progress of the business. Some sellers with capital needs can make use of Amazon's Seller Loan Program. Eligible sellers will have the opportunity to obtain loan products launched by domestic financial institutions, which can effectively alleviate cash flow problems, develop business, operate inventory and expand business territory.
Dowsure supports Amazon's seller loan program, empowering partner banks through digital technology to bring annual heavyweight overseas benefits to cross-border sellers: Amazon's seller loan program product preferential annualized interest rate is as low as 5%, and Dowsure has lowered the annualized price of cross-border financing! The event is valid until December 31, 2022. For details, please see the "Read original text" link.
【Amazon Seller Loan Program Product Advantages】
Under good business conditions, the credit line is definitely sufficient, but the market is volatile. If you encounter a tight financial situation one day, there may be pressure on business operations, or the company's development is blocked, then the interim operating data will not be so good, and the cost and difficulty of obtaining funds at that time will be much higher than it is now. Sellers must complete credit by binding their stores in advance, and first obtain sufficient funds to prepare for the peak season.
Apply for Amazon Seller Loan Program products now and enjoy annual benefits, with annualized prices as low as 5%! Seller friends can log in to the Amazon seller platform account and click [Growth] - [Loans] to find Doushabao to check whether you have received a loan recommendation.
Black Friday Net One |
<<: Running away? More and more Amazon sellers turn to other platforms
>>: The platform took action against the sellers
The COVID-19 pandemic has significantly promoted ...
Recently, Publicis Groupe Australia has acquired ...
China Merchants Logistics (Hong Kong China Travel ...
CIMB Group is ASEAN's leading universal bank ...
Amazon Neptune is a fast, reliable, and fully mana...
<span data-docs-delta="[[20,{"gallery"...
On January 4 (Tuesday this week), the number of n...
sunhilltoy specializes in designer toys, collectib...
Global Payments Inc. is a technology and software...
TradingPedia and Brand Finance jointly released t...
Zoho Commerce is a website building tool that was ...
Runwise focuses on venture capital, enterprise di...
Foreign Trade e-Account is a product launched by ...
Flubit is a British online shopping startup known ...
When it comes to Amazon's sellers and employe...