During Q2 2017, For the first time in Amazon’s history the percent of units sold by marketplace sellers exceeds that of Amazon itself. This is the first quarter where marketplace sellers had more sales than Amazon, while Amazon sold $23.8 billion worth of products in the quarter, up from $20.4 billion last year. But this 18 percent growth in retail sales is less as compared to 22% during last year.
Whether you are sourcing through Alibaba or importing products from any other country, As a seller, one needs to have good understanding of terms and jargon used in international trade. Incoterms, which is short for “international commercial terms,” are used to make international trade easier by helping traders who are in different countries to understand one another. Incoterms were first developed in 1936 and are updated from time to time to conform to current trade practices. Incoterms are trade terms published by the International Chamber of Commerce (ICC) and right now Incoterms 2010 are in effect.
The traditional method of selling and commerce involves buying a large amount of stock from wholesalers and manufacturers, which is kept in warehouses and sold in stores. A customer comes in to store, select the product and buys it.
With the rise of eCommerce and subsequent reduction in shipping times, streamlined fulfillment and hassle-free payment solutions, a new model arose named as dropshipping. Dropshipping is a fulfillment method where a seller doesn’t keep the stock of products it sells. Instead, when a product is sold, the seller purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product. All this is possible because of ease of carrying out transactions online and a fully track-able shipment solution.