If you’re one of the millions of individuals who orders products online, you are part of a revolution. Total e-commerce sales will reach $684 billion in 2020, and the two titans of retail, Amazon.com and Walmart.com, are competing for market share in a big way. But it’s a more complicated story than you might imagine. Each platform offers third-party sellers the chance to reach consumers, and though the online e-commerce playing field is currently far from level, Walmart.com is catching up. Amazon is saturated with third-party sellers in their marketplace, while Walmart.com potentially presents a big untapped opportunity for sellers.
With ecommerce sales forecasted to rise over the next few years, Amazon.com is looking to increase its dominance while Walmart prepares to take a bite out of Amazon's marketshare. How do the two retail giants compare in the online marketplace space?
How to Avoid the Critical Pitfalls & Thrive in the Amazon Marketplace
If you’re an ecommerce retailer, market forces practically demand that you sell on Amazon. After all, nearly half of web shoppers go there directly for every product search. Amazon accounted for 43% of all ecommerce sales in the United States in 2016. But it’s not all rainbows and sunshine for retailers looking to profit from Amazon’s unprecedented influence in the retail universe. Amazon has changed some of its direct selling techniques, to the detriment of many sellers who operate on the Amazon Marketplace.
Communicate With Suppliers From Around the Globe, No Matter What Data Language They Prefer
As an eCommerce retailer, communicating with new suppliers isn’t as easy as picking up the phone. You likely have several unique and complex systems amongst your various suppliers that need to be able to talk to with your data management system. Unfortunately, manufacturers and suppliers use a hodgepodge of languages including EDI, XML, Flat File, CSV, and more.
How do you translate these languages for your eCommerce business? And how can you translate multiple data languages into a streamlined experience for your customers?