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2 Billion reasons to love Amazon in 2017 if you’re a Small Business

by Ray Hayes

Amazon is having a heck of a year, from the success of its 2017 Prime Daybuying of Whole Foods, to its CEO Jeff Bezos briefly being named the richest man in the world. Amazon’s 2017 achievements recently increased with the announcement of another major milestone. Following the success of Prime Day, Amazon revealed that more than $2 billion items were sold on its platform from either a small business or entrepreneur in 2017.  And we still have 5 months remaining in the year.

Peter Faricy, vice president of Amazon Marketplace, spoke about the company’s recent milestone.  “Amazon Marketplace has grown so significantly that sales by small businesses now account for over half of the unit sales on Amazon sites around the world, and 2017 is off to a record-start with over 2 billion units sold,” said Faricy. Currently, Amazon has more than 11 marketplaces around the world and more than 100,000 entrepreneurs since last year have generated at least $100,000 in sales which has created more than 600,000 jobs outside of the Amazon platform.

Amazon’s Prime Day played a major part in the company reaching its recent milestone, therefore, I would expect the company to exceed 2 billion items sold by small businesses as more organizations  recognize the huge opportunity of selling products on the Amazon platform.

http://www.investopedia.com/news/amazon-milestone-2b-items-sold-small-business/

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