Amazon Revenue Over $554 Billion in 2023!
E-commerce is used by billions of people around the world. In 2023, the global e-commerce sales crossed $6 trillion for the first time! Out of that $6 trillion, the USA market captured 22%. Prior to the pandemic, the original $1 trillion dollar target was projected to occur by 2025. In 2023, global mobile commerce sales hit approximately $2.2 trillion, which is 60% of all e-commerce sales around the world.
Tilli Consulting Group provides services for Amazon Seller Central account management and consulting for sellers. These services typically include a range of activities aimed at helping sellers optimize their presence on the Amazon marketplace and improve their overall sales performance. Here are some common elements:
$6.92 Billion in 2004 - $469.82 Billion in 2021
Amazon Statistics
- Amazon's share of the US E-commerce market is over 38%
- Over 353 million products offered on the platform
- Over 230 million Amazon Prime members around the world spend over $1,000.00 per year
- 1 out of 3 Americans have a Prime membership
- Over $554 billion generated in 2023
- Over $16 million recorded per second
- Over $1.4 billion recorded per day
- Over 60% of all Amazon sales come from 3rd party sellers
- Over $642 Billion projected in 2024. 11.8% growth from 2023
This is not a franchise opportunity.
Expenses you avoid that franchises demand:
- Rent
- CAM
- Buildout cost for location (furniture, fixtures, & equipment)
- Legal Fees
- Contractors
- Signage
- Capital for overhead
- Supplies
- Utilities
- Staff Training
- Travel
- Royalty Fees
Business Case
Our client launched his account with an initial investment of $100K to support inventory. As the account began to scale, he continued to reinvest and is now generating a passive income of $35K net profit per month.
- Store established January 2023
- Initial inventory ~$100K
- On-going reallocation of profits (~10% per month)
- Over $1.5M gross sales in the first year
- $2.8M gross sales in 2023
- Currently averaging $250K gross sales per month
- Generating passive income of $35K net profit per month
