Costs drop during peak season! Amazon India reduces many fees
Recently, in order to help Indian sellers successfully establish cross-border businesses, Amazon announced a reduction in the subscription fee for its global store plan.
Amazon said that for sellers who join the program before March 31, 2024, the subscription fee will be just for the first three months, after which the fee will revert to .99 per month.
At the same time, Amazon also announced that Indian exporters will receive Amazon’s cross-border shipping partner program (Amazon SEND) service at a lower price.
Launched last year, SEND allows Indian exporters to ship their goods to Amazon distribution centers in the United States through cross-border logistics services from multiple third-party service providers.
According to data released by Amazon, in the recently concluded Prime Big Deal Days Sale on October 10 and 11, 2023, the business of Indian exporters under Amazon’s global store program increased by nearly 70% year-on-year, and increased by 170% compared with daily sales levels. %.
And, Amazon will launch Black Friday and Cyber Monday (BFCM) sales on its global sites from November 17 to 27, 2023.
At present, e-commerce sales in India account for about 3% of total consumption, which also shows that the Indian e-commerce market is in the early stages of rapid development and has huge potential.
According to an eMarketer report, India's retail e-commerce sales are expected to reach US5 billion by 2025, with a compound annual growth rate of 25.1% between 2021 and 2025, but it only accounts for 10.3% of India's total retail sales. The growth in retail e-commerce sales in India has enabled the country to far exceed global retail e-commerce sales growth expectations.
India, with a population of over 1.4 billion, is still a market with huge imagination and a coveted place for giants. It is expected that consumer spending will continue to grow in the next few years, which will provide more opportunities for e-commerce companies. Development opportunities.