BigCommerce Touts Platform Enhancements

April 25, 2024

AUSTIN, TX – BigCommerce, an open SaaS, composable ecommerce platform recently announced more than 100 platform enhancements, new features, and integrations as part of its inaugural Next Big Thing product launch. “Innovation starts with the customer and understanding their goals, so we couldn’t be more thrilled to introduce these major platform advances that help brands and retailers reach more customers, improve conversion and lower their costs,” said Troy Cox, chief product officer at BigCommerce via press release.

Navigating Amazon Fees: Why Seller Fulfilled Prime May Be Best

April 25, 2024

by Matt Snyder

DALLAS – Attention all Amazon sellers, ongoing fee changes are set to impact profitability and add significant logistic complexity. In his recent shareholder letter, Amazon CEO Andy Jassy emphasized Amazon’s focus on reducing operating costs, specifically logistics. While Amazon did announce lowered fulfillment fees, by an average of $0.20 for standard-size products and $0.61 for large bulky items, there has also been an introduction of new fees related to fuel inflation, size tiers, inbound placement, and low inventory fees.

Biden Signs “Sell-Or-Ban” TikTok Bill

April 25, 2024

WASHINGTON, D.C. – After the Senate approved a measure this week to force TikTok owners to sell the company or face a ban in the United States, President Biden made good on his promise and signed it into law. The TikTok-related legislation was part of a $95 billion foreign aid package. “The legislation will give TikTok’s Beijing-based parent company, ByteDance, up to a year to sell the app,” wrote Jesse Guynn, a reporter for USA Today. 

Staying Competitive And Profitable – The Big Challenges

April 18, 2024

CARLSBAD, CA – Tax day is done, but the battle to remain profitable and competitive never stops. Matt Remuzzi, founder/owner of CapForge Inc., Carlsbad, Calif. has been helping online sellers wage (and win) this battle for about eight years now. CapForge began in 2000 with a focus on bookkeeping, but it wasn’t until 2016 that an online seller asked for help with his accounting. He hadn’t been able to find anyone who could ‘figure it out’ so Remuzzi and his team started studying.

eBay Strikes New Deals To Buoy Trading Card Hobby

April 18, 2024

SAN JOSE, CA – eBay Inc. and Collectors, parent company of PSA, a third-party authentication and grading provider in the collectibles industry, struck a series of deals last week. According to an eBay press release, deals included: the sale of Goldin from Collectors to eBay and the sale of the eBay vault from eBay to PSA. The differentiated and complementary strengths of the respective companies will reportedly support more streamlined buying, selling, grading, and storage experiences for all who participate in the trading card hobby in the United States.

SHEIN’s Black Friday Look Back

April 18, 2024

LOS ANGELES – It’s never too early (or too late) to ponder Black Friday and determine what worked, and what will likely work in the future. For Los Angeles-based women’s footwear brand Cape Robbin, success came via a partnership with Prosper exhibitor SHEIN on the SHEIN Marketplace. “SHEIN’s Gen Z and Millennial crowd craved Cape Robbin’s style,” said Jeff Hsin, operation officer at Cape Robbin. “Our partnership with the SHEIN Marketplace team has been a game-changer. Their unwavering support and guidance was invaluable in reaching our Black Friday sales goals.” 

AXA And AWS Address Risk Management And Prevention

April 12, 2024

SEATTLE – Insurance and asset management company AXA, along with Amazon Web Services, Inc. (AWS), are building the AXA Digital Commercial Platform (DCP) to help organizations assess risk, limit exposure, and mitigate loss. According to an Amazon press release , AXA DCP is a secure risk management platform that combines industry, business, and environmental data with geospatial analytics and gen AI technologies helping clients globally to monitor their assets and navigate complex and interconnected risks, including natural disasters, supply chain disruption and cyber threats.

Nextdoor Launches Ads API Program

April 12, 2024

SAN FRANCISCO – Nextdoor recently touted the next evolution of its proprietary ad server with the opening of the Nextdoor Ads API program. This latest offering gives businesses and agency partners the opportunity to leverage local insights and reach Nextdoor’s audience of neighbors with the ability to create, deliver, and measure Nextdoor ad campaigns from within their own platforms.

One Seller’s Expansion Odyssey At Prosper

April 11, 2024

GREENBRAE, CA – When David Hewlett acquired SmartLabels back in 2022, he already had an extensive tech background. However, he lacked some of the specialized tools and tricks that could make him a better seller on Amazon. He went to Prosper in 2023 to find vendors “that would be good at showing me my data in one place—better than what Amazon does” and to help him keep a better eye on performance metrics.

Poshmark Celebrates Earth Month With Live Shopping Events 

April 4, 2024

REDWOOD CITY, CA – Poshmark, a fashion resale marketplace, is partnering with seven sustainable brands on a series of live shopping events in celebration of Earth Month. During this program, brand partners will be holding live events on Poshmark for the first time leveraging the company’s Posh Shows product to connect directly with fans and support secondhand sellers. 

Junglytics Launches AI-Powered Assistant For Amazon Sellers 

April 4, 2024

SEATTLE – Junglytics Assistant has a user-friendly and conversational interface where sellers can ask questions in natural language and receive instant insights across 40 key metrics, including: sales; accounting; traffic; inventory; and advertising. “I’ve been an Amazon seller for more than 10 years, and I can honestly say Junglytics Assistant is what I always wanted from a business intelligence tool,” said Tom Rohlf, CEO and co-founder of Junglytics.

Proposed TikTok Ban “Very Worrisome” 

April 4, 2024

LAS VEGAS – About a week after the Prosper Show last month, the U.S. House of Representatives overwhelmingly passed a bipartisan bill to force ByteDance, the Chinese company that owns TikTok, to sell the company. The bill would give ByteDance about six months to sell or face a ban. Members of the House cited national security concerns.

Mastering Social Media To Cultivate Loyal Customers

March 28, 2024

LAS VEGAS – Should you work with influencers to build your brand? How much should you pay and what should you expect? Dakota Morse, founder and CEO, Alt Group, Santa Monica, Calif. offered advice to Prosper Show attendees earlier this month on these topics and more.

Amazon Delivers For Sellers At Prosper Show 2024

March 28, 2024

LAS VEGAS – Prosper Show is in the books and Amazon was there in full force. Many brands were on hand to help Amazon Sellers learn about offerings and how they can improve operations and fuel growth. “If there’s one constant about ecommerce sellers, it’s that they are always pursuing new and better ways to run their businesses,” said Rebecca Salt, director at Amazon. “The show was three packed days of hearing their enthusiasm and sharing what Amazon can do to help.”

Carbon6 Partnerships Revealed At Prosper Show 2024

March 28, 2024

LAS VEGAS – Carbon6 and Teikametrics announced a new partnership at Prosper Show, held earlier this month at the Mandalay Bay Convention Center. The collaboration will enhance Carbon6’s advertising offerings with Teikametrics’ advanced AI-driven advertising flywheel, which is expected to provide sellers with a more effective advertising strategy.

Words Of Walmart Wisdom At Prosper Show 2024

March 21, 2024

LAS VEGAS – For Amazon sellers looking to add Walmart to the mix, Prosper Show 2024 brought a wealth of knowledge to the Mandalay Bay Convention Center in Las Vegas. Marketing and shipping topics dominated during a panel discussion entitled Unlocking Walmart.com: Navigating The Success Path As An Amazon Seller. Mustafa Kothawala, COO of Simpli Magic talked about his initial shipping challenges when first expanding to Walmart.

Images From Prosper Show 2024 – Part Two

March 21, 2024

LAS VEGAS – Networking and knowledge flowed freely at Prosper Show 2024 at the Mandalay Bay Convention Center in Las Vegas earlier this month. Enjoy the faces of Prosper Show (part two) and see if you can find yourself and/or your friends.

Partnership For FedEx And Amazon? They Talked About It

March 21, 2024

SEATTLE – The Wall Street Journal (WSJ) revealed that FedEx and Amazon had several talks about a possible partnership last year. The March 18 issue of WSJ reported that the two behemoths engaged in discussions last year about a potential collaboration to handle the increasing volume of eCommerce returns.

Prosper Perspective From A First-Time Attendee

March 14, 2024

by Mandeep Kaur

LAS VEGAS – What an exciting few days at my first Prosper Show. I sell products on Amazon in Canada and the United States and the Prosper Show did not disappoint. The biggest reason I wanted to attend was to connect with other e-commerce entrepreneurs. I think e-commerce entrepreneurship can be lonely, so it was nice connecting with others and talking about challenges we face—and most importantly how to overcome them.

Heard At Prosper Show 2024 – Part 2

March 14, 2024

LAS VEGAS – Prosper Show 2024 wrapped up last week and the reviews and comments are pouring in. The show had plenty of excitement and the numbers back it up; This was the biggest Prosper Show ever. Here’s part two of Heard At Prosper, a sampling of exhibitors and attendees who shared their thoughts during an eventful three days. Click Here for Part One in case you missed it.

Inspiration And Education At Prosper Show 2024

March 14, 2024

LAS VEGAS – As a first-time attendee/journalist at the Prosper Show, I came away inspired (that’s me on the far right chatting with the folks at Kapoq). I’ve been editing and writing the Prosper Show Newsletter for about nine months and interviewing many of the experts in this vibrant industry, but to meet in person is to experience the enthusiasm.

Heard At Prosper Show 2024 – Part 1

March 8, 2024

LAS VEGAS – Prosper Show 2024 wrapped up this week and the reviews and comments are pouring in. The show felt packed and the numbers confirm; This was the biggest Prosper Show ever. There’s a lot of information and insights to sort through and we’ll be doing just that in future newsletters, but meanwhile here’s a sampling of exhibitors (part 1) who shared their thoughts during an eventful three days.

Images From Prosper 2024 – Part 1

March 8, 2024

LAS VEGAS – Good vibes abounded during this week’s Prosper Show 2024 at the Mandalay Bay Convention Center in Las Vegas. There’s a lot of wisdom to unpack, and we will do a lot of that in the virtual pages of the Prosper Show Newsletter. Before we get to the nitty gritty of sales and marketing—enjoy the faces of Prosper Show (part one).

Prosper Exhibitor Taxually Takes Hassle Out Of Global Expansion

March 1, 2024

LAS VEGAS – No one wants to deal with taxes, but they’re a fact of life for all of us. In our interconnected world, the challenges they present are keenly felt by marketplace sellers operating across multiple jurisdictions—that’s where Taxually comes in. As global tax compliance specialists, we know how to help sellers expand compliantly, and we’ll be heading to Las Vegas next week for Prosper Show 2024 to talk about all things tax.

SHEIN – For Prosper Show Attendees Looking To Add Platforms

March 1, 2024

LAS VEGAS – The Prosper Show is just about here and online sellers are on the lookout for new platforms and new opportunities. One place to start is a meeting with the SHEIN Team at Booth #712. SHEIN is empowering independent and local U.S brands and sellers by offering a vibrant ecosystem of lifestyle categories from fashion, beauty, and homeware—to kids’ and men’s products.

Record Revenue At Etsy

Feb. 23, 2024

BROOKLYN, N.Y. – Fourth quarter financial results (released Feb. 21) for Etsy, Inc. revealed record-setting revenue for the Brooklyn-based art/collectibles platform. “Etsy delivered over $13 billion in consolidated GMS and our highest-ever annual revenue,” said Josh Silverman, Etsy’s CEO. “We’ve built an ambitious plan…” 

One Less Tax Headache: At Least For Now

Feb. 23, 2024

WASHINGTON — Following feedback from taxpayers, tax professionals, and payment processors (and to reduce taxpayer confusion) the Internal Revenue Service released Notice 2023-74 late last year.  In the notice, the IRS decided to delay the new $600 Form 1099-K reporting threshold for third party settlement organizations for calendar year 2023.

“Solid” Fourth Quarter Revenue Jump At Alibaba

Feb. 14, 2024

HANGZHOU, CN – Alibaba Group’s financial results for the quarter ended Dec. 31, 2023 showed revenue growth of 5% year-over-year. “We delivered a solid quarter as we are executing our focused strategies across the organization,” said Eddie Wu, CEO of Alibaba Group. “Our top priority is to reignite the growth of our core businesses—e-commerce and cloud computing.” 

Shopify Reports 4Q Revenue Jump: “2023 Was An Incredible Year…” 

Feb. 14, 2024

OTTAWA, ON – Shopify Inc. unveiled financial results this week for the quarter and year ended Dec. 31, 2023. “2023 was an incredible year for both Shopify and our merchants,” said Harley Finkelstein, president of Shopify via press release. “Our strong Q4 and annual results are a powerful testament to the progress we have made building fast, reliable, and unified software for merchants of all sizes.”

PickFu Case Study: Testing Your Way To A Successful Amazon Launch

Feb. 14, 2024

SAN FRANCISCO – Leap Stores, an agency that partners with premium Amazon brands, needed to take a client’s new product to the top of the search results. By using PickFu’s consumer insights platform to optimize the main image, they were quickly ranking on page one. By using PickFu (a consumer insights and polling platform) to optimize the main image, Leap Stores took its client’s product from zero first-page rankings on Amazon to ranking on the first page for its top keywords. 

Perpetua (Prosper Exhibitor): Full Funnel Advertising And Much More

Feb. 8, 2024

LAS VEGAS – Joe Rideout has been helping online sellers maximize their advertising dollars since 2016. As co-founder and chief product officer at Perpetua, Toronto, Ontario, his team uses algorithmic bidding and keyword harvesting to save money that sellers can reinvest into their business, or into more experimental strategies to drive incremental sales. “We’re passionate about bringing AI and humans together — ensuring that your software helps reduce manual or time-consuming tasks, so you can unlock budget to be creative.” 

eBay Reaches Agreement With Department Of Justice

Feb. 8, 2024

SAN JOSE, CA – eBay has reached an agreement with the U.S. Department of Justice (DOJ) to resolve the DOJ’s inquiry regarding products sold on the eBay marketplace alleged to violate certain laws administered by the Drug Enforcement Administration (DEA). Under the terms of the agreement, eBay will pay $59 million and implement enhanced processes regarding its monitoring and reporting of listings that violate eBay’s terms of service. eBay expressly denies the DOJ’s allegations and the settlement does not include any admission of wrongdoing.

Amazon Touts “Record Breaking” Holiday Shopping Season – 4Q Results

Feb. 8, 2024

SEATTLE – Fourth quarter results (the quarter ended Dec. 31, 2023) are in for Amazon.com with the Seattle-based juggernaut reporting a net sales increase of 14% to $170 billion, compared with $149.2 billion in fourth quarter 2022. Excluding the $1.3 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with fourth quarter 2022. North America segment sales increased 13% year-over-year to $105.5 billion. 

Walmart’s Augmented Reality Addresses “Virtual Try-Ons” For Eyewear

Feb. 1, 2024

BENTONVILLE, AR –Walmart recently increased its investments in augmented reality (AR) and virtual reality (VR) technologies to better assist customers in envisioning how fashion, beauty, and home items would look virtually. Walmart will apply the technology to enhance the way customers shop for eyewear with a new Optical Virtual Try-On. Beginning February 2024, customers will be able to virtually “try on” frames and purchase prescription eyewear online through the Walmart app or directly on Walmart.com.

BigCommerce Wins Vendors In Partnership Award

Feb. 1, 2024

AUSTIN, TX – BigCommerce, an Open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, has been honored with the Vendors in Partnership (VIP) Award for 2024 – Best Commerce or Multi-Vendor Platform. The VIP Awards recognize the solution-oriented providers that power the retail ecosystem and find new ways to partner and overcome challenges. “Just about every aspect of commerce has evolved, with composable commerce creating a strong partnership ecosystem, including the continued rise of marketplaces,” said Vendors in Partnership officials.

Newegg: Hatch A New Plan To Reach Tech-Focused Customers

Feb. 1, 2024

CITY OF INDUSTRY, CA – With the Prosper Show just about a month away, online sellers are avidly looking for new marketplace platforms. Attendees seeking direct access to loyal tech-focused customers may wish to pay a visit to Newegg (Booth #1025) when the show convenes March 4-6 at the Mandalay Bay Convention Center in Las Vegas. The Prosper Show Newsletter sat down with Ray Chung, senior business development manager, Newegg Global Marketplace, to learn more about California-based Newegg and its mission to create a one-stop-shop for all tech-related products.

Depop Community Expands Negotiation Tools

Jan. 25, 2024

LONDON – Community-powered fashion marketplace Depop has completed the rollout of its Send Offer feature, extending its suite of Offer tools enabling buyers and sellers to negotiate deals on secondhand fashion. According to a Depop press release, Send Offer enables sellers to easily send targeted discount offers to interested buyers and convert likes into sales – giving buyers the opportunity to receive special prices for items they’re interested in. 

Amazon Announces Buy With Prime Integration With Salesforce

Jan. 25, 2024

SEATTLE – Earlier this month, Amazon announced the Buy with Prime for Salesforce Commerce Cloud integration. This solution helps Salesforce merchants integrate Buy with Prime into their existing shopping experience. Buy with Prime for Salesforce also offers merchants several new features, including the ability for shoppers to search and filter for Prime eligible items, and purchase Prime eligible and other items in the same order.

Advance Summit 2024 – Another Great Reason To Get To Las Vegas

Jan. 25, 2024

LAS VEGAS – Teikametrics is making it convenient for online sellers to double up on their knowledge with Advance Summit 2024. In conjunction with the Prosper Show at the Mandalay Bay Convention Center, Advance Summit is Teikametrics’ first in-person conference (March 3-4). “We have put together an incredible agenda,” says Ben Rey, chief revenue officer at Teikametrics. “We will be unveiling our 2024 product roadmap, discussing best practices, and offering a more intimate setting to interact with our incredible marketplace partners—Walmart and Amazon.”

eBay Inc. Reaches Agreement With District Of Massachusetts

Jan. 18, 2024

SAN JOSE, CA – eBay Inc. has entered into a deferred prosecution agreement with the U.S. Attorney’s Office for the District of Massachusetts with respect to actions taken in 2019 by former eBay employees against Ina and David Steiner. As set forth in the agreement, eBay takes responsibility for the misconduct of its former employees.

Captivating Keynote Scheduled For Prosper 2024

Jan. 18, 2024

LAS VEGAS – Sean Riley, the Chief Executive DUDE from those famous DUDE Wipes (yes, the ones you’ve probably seen on Shark Tank, Walmart shelves, or maybe even in your own gym bag) will be taking the keynote stage at Prosper Show 2024.

Advisory Council Helping To Shape Content

Jan. 18, 2024

LAS VEGAS – Prosper Show organizers recently named an Advisory Council, filled with industry experts who excel in disrupting the market with innovative thinking. These people will be sharing their insights and perspectives on current challenges, trends, and growth opportunities for sellers.

New Strategic Partnership For BigCommerce

Jan. 11, 2024

AUSTIN, TX – BigCommerce, an open SaaS ecommerce platform for fast-growing and established B2C and B2B brands, and Marketplacer, a global technology platform that enables brands, retailers, and suppliers to grow online marketplaces at scale, have formed a strategic partnership.

Panama Canal Drought Stalls Shipping

Jan. 11, 2024

PANAMA – On Nov. 1, the New York Times took an expansive look at the growing problem of drought, specifically as it effects the Panama Canal, the iconic feat of engineering that connects shipping routes between the Pacific and Atlantic oceans. “A drought has left the canal without enough water, which is used to raise and lower ships, forcing officials to slash the number of vessels they allow through,” writes N.Y. Times reporter Peter Eavis.

How Flippa Helped Sell An Amazon FBA Business In One Week

Jan. 11, 2024

by Tory Gregory

AUSTIN, TX – When Mark Segal started his Amazon FBA business, he already had 15 years of startup experience under his belt, including a digital agency. He was on the hunt for his next venture when he turned to Amazon. He never expected that in two years he would be successfully exiting that business.

Prosper Newsletter – Quotes Of The Year

Dec. 31, 2023

LAS VEGAS – In its debut year, the Prosper Newsletter connected with plenty of industry professionals who knew what they were talking about. Here are some of the more memorable quotes during an eventful 2023.

Prosper Newsletter – Year In Review

Dec. 31, 2023

LAS VEGAS – Prosper convened another successful show in 2023 with online sellers and affiliated exhibitors networking, learning, and forming crucial community. The 2024 show returns to Las Vegas with a March 4-6 time slot at the Mandalay Bay Convention Center. Take a quick look at some of the exhibitor news that you might have missed.

Nextdoor Launches Developer Site

Dec. 31, 2023

SAN FRANCISCO – Nextdoor recently launched its Nextdoor Developer Site, a self-service portal that provides developers, small businesses, and brands the ability to explore, access, and implement the company’s range of Application Programming Interface (API) offerings.

Etsy Third Quarter Results – Revenue Is Up

Dec. 15, 2023

BROOKLYN, N.Y. – Third quarter results for Etsy, Inc. showed consolidated revenue of $636.3 million, up 7.0% versus the third quarter of 2022, with a take rate (i.e., consolidated revenue divided by consolidated GMS) of 20.9%. According to an Etsy press release, solid revenue growth was primarily driven by growth in Etsy Ads, payments revenue, and transaction fee revenue from Offsite Ads.

Survey Says: Men Procrastinate More Than Women When It Comes To Holiday Shopping

Dec. 15, 2023

LAS VEGAS – Officials at Million Dollar Sellers (MDS), a community for top Amazon sellers, is giving prospective Prosper Show attendees another great reason to make the trip to Las Vegas in March 2024. The attraction is called MDS Inspire, a new industry event put on by the high level MDS Amazon community. 

Prosper & MDS Inspire – A Match Made In Las Vegas

Dec. 15, 2023

LAS VEGAS – Officials at Million Dollar Sellers (MDS), a community for top Amazon sellers, is giving prospective Prosper Show attendees another great reason to make the trip to Las Vegas in March 2024. The attraction is called MDS Inspire, a new industry event put on by the high level MDS Amazon community. 

Amazon Releases State Of Procurement Report

Nov. 30, 2023

SEATTLE – Amazon Business’ 2024 State of Procurement Report (released earlier this month) revealed that a majority of procurement teams expect their budgets to rise next year. According to a press release from Amazon, the report concluded that many leaders are evaluating how they can further invest in tools and technologies to deliver optimization. 

The Ecom Cooperative (TECO): Community And Collaboration

Nov. 30, 2023

EATONTOWN, N.J. – The Ecom Cooperative (TECO) is not even three years old, but the Jersey-based venture has made an impact. “The Ecom Cooperative does not offer a traditional service,” explains David Dayon, president and co-founder. “TECO offers a free community resource where we host webinars, produce in-person networking events, and organize service giveaways—all as a free resource to e-commerce sellers—paid for by the solution providers who are committed to building this community.”

Third Quarter 2023 Revenue Up At Shopify

Nov. 15, 2023

OTTAWA, CA – According to a press release from Shopify, third quarter 2023 financial results show a 25% revenue increase, with gross profit Up 36% year-over-year. “Our third-quarter results demonstrate the progress we are making to further solidify Shopify’s position as the global leader in commerce,” said Harley Finkelstein, president of Shopify. “Our ability to help our merchants succeed in any economic environment by delivering innovative product solutions, has not only built strong trust with our merchants but has positioned Shopify for sustained growth and profitability for the future.” 

Tactical Logistic Solutions: Build The Brand And Expand

Nov. 15, 2023

SADDLE BROOK, N.J. – According to Ephraim Ausch, online sellers who think they can do it all with Amazon may be limiting their horizons. “If you’re looking to build a brand and expand in the long run, Amazon can’t be your only logistics partner,” says Ausch, chief logistics officer at Tactical Logistic Solutions, Saddle Brook, N.J. “Relying strictly on Amazon Freight, AWS, FBA and partnered carriers restricts you to Amazon’s schedule and a single marketplace.”

Walmart Aims At Amazon

Oct. 31, 2023

BENTONVILLE, AR – Business media continues to cover Walmart’s efforts beef up its third party marketplace as it challenges bigger online rival Amazon. “When it comes to e-commerce, Walmart is in a rare spot: the underdog,” writes CNBC reporter Melissa Repko in an Oct. 18, 2023 article. “Its online sales are just a tiny fraction of what Amazon rings up—and that carries over to the companies’ third-party marketplaces, too.” 

Solutions For Online Sellers Who Need Financing

Oct. 31, 2023

BUFFALO, NY – Many online sellers who need financing have come to believe that there is no solution to the cash flow gap, or it’s too difficult to secure the needed funding. Tisha Hulburd, chief marketing officer at Kickfurther, Buffalo, N.Y. has heard the concerns. She points out that online sellers want to know: Do I need to take on debt? Do I need to give up equity? How will I cover the cost of buying inventory, for example, before I sell it and earn revenue?

Mid October Prime Big Deal Days Prove Profitable

Oct. 15, 2023

SEATTLE – A post prime press release from Amazon declared that Prime members saved more than $1 billion across millions of deals during Prime Big Deal Days on October 10 and 11. The fastest delivery in the U.S. on the first day of the event was 54 minutes in Ohio, ordered at 7:20 a.m. EDT and delivered by 8:14 a.m. EDT. The customer ordered a pasta attachment for a KitchenAid stand mixer and a book about canning. 

Target Seeks To Boost Online Toy Sales

Oct. 15, 2023

MINNEAPOLIS – A new press release from Target boasts that the retail giant is “bringing more fun and holiday magic to toy shopping with its first immersive, all-toy digital experience. For many guests, the shopping experience starts at home, regardless of where it is completed.” With this in mind, Target has created a 360° shoppable experience to make toy discovery easier. According to Target, the experience allows guests to explore a virtual room. 

New Stuff At Prosper – Expo Hall Only Passes Are Back

Oct. 15, 2023

LAS VEGAS – It’s that time of year again. Prosper Show 2024 is just around the corner, and there is news to share. Prosper is bringing back Expo Hall Only Passes for Prosper 2024. You can once again experience the buzzing energy of the Exhibit Hall, explore cutting-edge solutions, and network with industry leaders without breaking the bank.

Training, Tips, And Advocacy At 3C

Oct. 15, 2023

WASHINGTON, D.C. – The Connected Commerce Council (3C for short) has managed to make quite an impact in a relatively short amount of time. In existence since 2018, the nonprofit organization works with digitally empowered small businesses to provide training, tips, and coaching (plus educational roundtables and webinars) through 3C University (3CU). The Prosper Newsletter sat down with Rob Retzlaff, executive director, to learn more about 3C and its goals, priorities, and plans.

Amazon Prime Big Deal Days Set For Oct. 10-11

Sept. 30, 2023

SEATTLE – Prime Day morphed into Prime Big Deal Days as Amazon officials revealed the Oct. 10-11 time window for the “best early holiday deals”—specifically from Oct. 10 at 3:00 a.m. EDT through October 11. “New deals will drop as often as every five minutes during select periods throughout the event across a wide selection of products with fast and convenient delivery options,” write Amazon officials. 

Marketplace Sales – Priorities And Challenges

Sept. 30, 2023

by Fareeha Ali

SOMERVILLE, MA – To thrive in today’s eCommerce market, more businesses are selling on marketplaces. In 2022, 31% more retailers and brands started selling on marketplaces for the first time—and they’re not just selling on Amazon. For more seasoned sellers, the opportunity is still growing: 53% of companies now sell on more marketplaces than a year ago, and 62% have plans to expand further in the upcoming year. 

EXHIBITOR NEWS: Expanding Artificial Intelligence Assist

Sept. 30, 2023

AUSTIN, TX – Prosper exhibitor Jungle Scout (pictured above at Prosper 2023 in Las Vegas) recently launched AI Assist, a new suite of AI tools to help sellers automate tasks and grow their Amazon businesses. AI Assist, originally introduced within Jungle Scout’s Listing Builder tool in March, now leverages the power of artificial intelligence across three additional Jungle Scout tools. 

New Amazon Artificial Intelligence

Sept. 30, 2023

SEATTLE – Amazon Web Services (AWS) has debuted five generative artificial intelligence (generative AI) innovations, so organizations of all sizes can build new generative AI applications, enhance employee productivity, and transform businesses.

Amazon Antitrust – Last Word (At Least For A While)

LAS VEGAS – The Aug. 7 article in the New York Times revealed an open secret; namely that the Federal Trade Commission (FTC) is pondering an antitrust lawsuit against Amazon. Prosper is revisiting the topic yet again with Chris McCabe, founder and owner of ecommerceChris, Cambridge, Mass. This latest article will be the last word on the topic, at least until the FTC files its lawsuit. 

Amazon Touts Hercules Robot And Its Next Gen Progeny

SEATTLE – Officials at Amazon recently touted their first mobile robots in a 9/7/23 posting on About Amazon. The small robots appeared in 2012 to help fulfill customer orders. According to Amazon PR, “these small-but-mighty robots were the predecessors to our current robot drive called Hercules.”

TikTok Banning Amazon Links? 

LAS VEGAS – As reported on Techcrunch and elsewhere, TikTok may be planning to ban outside e-commerce links—including Amazon. The initial report came from a site called The Information, but as of this writing no such ban has occurred. A Helium 10 (Prosper Exhibitor) YouTube host stated: “If this happens, obviously this would be huge for anybody who gets outside traffic sales from TikTok.” 

Analysis – Mayan CEO Talks Oct 2023 Prime Day Prep

LAS VEGAS – Amazon Prime Day is one of the biggest shopping days of the year, and it’s a great opportunity for sellers to increase sales. With the second-ever Fall Prime Day coming up in October, just three months after the July version, it is more important than ever to stand out from the crowd.

Analysis – Would An Amazon Antitrust Lawsuit Be Good For Online Sellers? 

WASHINGTON, D.C. – The Federal Trade Commission (FTC) continues to prepare an antitrust lawsuit to “challenge the power” of Amazon. Would the lawsuit be a positive development for the online sellers who make up the Prosper audience. If the lawsuit succeeded in “breaking up” Amazon, would online sellers be better off? We asked Jason Boyce, founder and CEO of Oregon-based Avenue7Media.

Prosper Show Adds Walmart to 2023 Lineup to Accelerate Growth of Advanced Marketplace Sellers

Prosper Show, the premier conference for advanced online marketplace sellers, announced today that retail and marketplace conglomerate, Walmart, has signed on to the 8th annual show. […]

Prosper Show 2022 Announces Record Success for Amazon Sellers & Service Providers

Largest Prosper Show to Date Earns Significant Increases in Customer Satisfaction, Participation & Reinforces the Value of Live Events […]

Amazon sellers are such a hot commodity that one start-up is giving away Teslas for referrals

Start-ups are raising hundreds of millions of dollars to acquire the top independent sellers on the Amazon Marketplace, creating a gold rush to “roll up” these mostly small businesses into larger entities that have better resources and can pour money into growth. […]

Bidding wars break out in market for brands selling via Amazon

Investors on the hunt for promising brands sold on Amazon.com are sparking bidding wars as competition intensifies to find the next hit product.

The frenzy’s focus: the bevy of small businesses that have sprung up in recent years to sell their wares on Amazon’s vast marketplace. They’re being snapped up by Wall Street-backed startups known as aggregators, which are betting that their teams of e-commerce veterans can transform products into global brands. […]

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