Amazon’s Expectations Are High for This Year’s Holiday Season
Amazon announced that this year, it brought in over $10 billion globally on Prime Day, which is up 45% from last year’s Prime Day. This can be attributed to various causes, however, the coronavirus pandemic is a large part of it. Ever since the pandemic hit the United States, the general population largely shifted to purchasing items online, and there is very little sign that this trend will come to an end any time soon.
That being said, Amazon Sellers should expect this holiday season to bring in even more astounding numbers, which is why it is critical that you begin preparing for the holiday season right now. In fact, a recent Google survey states that 73% of holiday shoppers plan to shop online during the coronavirus pandemic.
For this very reason, if you are an Amazon Seller, you should start advertising for the holiday season now. Gaining early visibility will give you an edge over others. Not only does getting an early start give you an edge, but you also have several deadlines to meet in order to qualify. For example, inventory for Black Friday and Cyber Monday must arrive at Amazon fulfillment centers by November 6, and you also must ensure that all inventory for Christmas shopping arrives at Amazon fulfillment centers by December 1.
If you have any additional questions about the upcoming holiday season, how you should prepare for it, and how our team can help you, simply give us a call or contact us online.
Contact Our Team
If you are an Amazon seller and require the assistance of an experienced Certified Public Accountant, please contact Ebiz Accounting for an initial consultation. We provide Amazon business accounting services to clients in New York and throughout the United States. All Amazon sellers should have an accountant they can trust. If you are looking to expand your business, or even form a new one, do not hesitate to reach out to our knowledgeable team today.