The United States of America (USA) marketplace, boasting a colossal estimated sales figure of $1.3 trillion in 2022, is undoubtedly one of the most established and profitable e-commerce markets in the world.
The potential for growth in the USA marketplace is enormous, with a predicted increase in eCommerce sales to reach a staggering $6.3 trillion in 2023. For this reason, expanding your business into this vast and alluring marketplace can be an immensely lucrative opportunity for those seeking to augment their revenue streams.
This article endeavors to explore eight of the most prominent platforms that businesses must consider before embarking on their expedition into the USA marketplace.
Overview of USA Marketplace
The U.S. population provides a supportive backdrop for domestic companies. It’s no wonder that e-commerce giant, USA Marketplace has managed to reach astronomical annual sales figures of $261.97 Billion in Q4 of 2022 – an impressive feat in itself and a testament to its vast influence on global commerce.
Representing 14.6% of total retail sales within the United States, this iconic force is perpetuating success stories across all tiers of business from established entities to budding entrepreneurs – displaying just how attractive a country with 328 million people can be when considering market access and growth potential.
To put it succinctly, the US eCommerce market stands tall as an indispensable and unassailable leader in the realm of e-commerce, with its appealing transactional boundaries. It represents a secure and reliable wager for any business eager to expand its international presence or for aspiring entrepreneurs to launch their projects.
From its humble beginnings in the US, Amazon has grown to become one of the world’s leading e-commerce giants and one of the best online marketplaces. Boasting an incredible $514.0 billion estimated sales figure for 2022, this massive online marketplace provides access to a diverse range of products and services from both third-party sellers and Amazon itself.
Amazon is ideal for retailers seeking international expansion through popular online marketplaces. Its exclusive benefits such as free two-day shipping available through its Prime membership option, and customers can enjoy superior shopping experiences on Amazon whether they are stateside or further abroad.
Amazon provides businesses with an effortless way of growing rapidly and offers a suite of marketing tools and services such as advertising, promotions, fulfillment, and beyond. Amazon makes it simple for entrepreneurs to start their eCommerce business with its Amazon Seller Central platform and continues to be one of the USA’s most trusted online marketplaces.
Walmart’s 360-degree approach to customer service covers everything from product and pricing optimization to same-day delivery – customers have access to an unparalleled shopping experience never seen before.
Walmart’s eCommerce business features a low-cost pricing structure and expansive reach with its large customer base can be advantageous for businesses seeking to expand their presence in the USA Marketplace. It also offers sellers access to a diverse range of services such as Walmart Advertising Solutions, Walmart Marketplace, and Walmart.com’s search engine optimization (SEO) tools.
Reasons To Sell On Walmart
Walmart has a wide reach and a large customer base
Walmart’s 2-day free shipping option helps to drive more conversions
Walmart also offers reliable customer support which can help keep customers loyal and engaged
Since its founding in 1995 by Pierre Omidyar, eBay has established itself as a global leader in e-commerce. Boasting 138 million active buyers from all corners of the globe, it is widely recognized for providing shoppers with an expansive inventory from electronics to clothes and everything else imaginable.
Almost half of all eBay sales occur domestically in the US, this secure platform remains one of America’s favorite marketplaces despite fierce competition year after year. eBay also offers online auction services which allow buyers to bid on items.
Reasons To Sell on eBay
Wide customer base
Low barriers to entry
Easy access to advanced features like eBay storefronts
For businesses looking to capitalize on the lucrative US e-commerce market, Sears Marketplace is a great place to start. Sears’ accurate product feed, easy-to-use interface, and reliable customer service make it an attractive choice for retailers looking to quickly expand their operations.
This platform boasts an impressive 20 million products and features convenient shopping options like same-day delivery, express check-out, and even its mobile app.
Whether you’re searching for clothing items or electronic gadgets, outdoor supplies, or automotive components – this powerhouse of consumer goods has something for everyone. So why wait? Get started with Sears Marketplace today!
Established in 1997, Rakuten USA is a powerhouse of American commerce with annual sales exceeding $10 billion and more than 800 merchants utilizing its platform to grow their businesses.
Rakuten USA services range from apparel and accessories to home goods, health & beauty items, technology & electronics, and beyond. Potential buyers have access to an expansive selection tailored to every need or desire.
Rakuten has rocketed into e-commerce leadership due to its commitment to providing tech innovation fused with pristine customer service. It is recognized as one of the US’s foremost providers of online services with a rewarding loyalty program that offers points on purchases made through the site.
Rakuten USA is the perfect business partner for US e-commerce ventures, delivering an expansive product selection and inclusive tech solutions designed to boost sales and profits. With its outstanding customer service backing a state-of-the-art marketplace platform, Rakuten has established itself as one of the top names in American commerce.
Reasons To Sell On Rakuten
Customizable storefront to create a personalized experience
Weekly payouts to manage cash flow
Extensive support with resources and training
Newegg
Newegg is a leader in the USA e-commerce marketplace, having grown from its founding in 2001 to becoming one of the most popular online retailers. Providing businesses with an expansive selection of gaming hardware, laptops, PC components, software, and accessories as well as superior customer service and cutting-edge tech solutions has set Newegg apart.
With quick shipping options on their user-friendly website, they have earned recognition including being named one of the “Top 10 Websites for Shopping Computers & Electronics” by USA Today. Newegg marketplace has become a leader in the e-commerce industry due to its focus on customer satisfaction and providing competitive prices to its huge audience.
Reasons To Sell On Newegg
Newegg offers many promotions to shoppers to drive sales
As one of the USA’s largest e-commerce companies, Etsy has become an essential platform for entrepreneurs and small businesses. Since its inception in 2005 as a marketplace exclusively featuring handmade goods and craft supplies, Etsy has grown to include over 120 million unique vintage items, home products & living services.
Etsy boasts over 81 million active buyers across the globe. With annual revenue of $2.47 billion in 2022 alone, Etsy is cementing itself as the market leader among digital commerce platforms anywhere on earth.
Etsy has tapped into the considerable potential of American consumers and businesses, leveraging rising economic growth to deliver an extensive online marketplace. With an array of one-of-a-kind products, Etsy is the premier destination for consumers to find distinctive items and support small businesses. Their web platform delivers a smooth experience while perusing vintage treasures.
Etsy prioritizes a positive customer experience through swift checkout processes and superior service standards – making them one of America’s favorite digital shopping havens for handmade goods.
Reasons to sell on Etsy
Low listing fees and transaction costs
Opportunity to build a loyal customer base as Etsy promotes rare finds
Etsy offers excellent seller protection policies
Impressive range of marketing tools
Tips For Success in the USA Marketplace
Tip #1: Develop a comprehensive USA marketplace strategy
Crafting a successful e-commerce strategy for the USA involves more than simply knowing its market. It demands comprehensive research into local needs, trends, and products that are most likely to prosper in this dynamic marketplace.
Tip #2: Focus on creating quality content for your USA marketplace listings
Quality content drives sales success. Product images and descriptions that feature the benefits of purchasing your products can be incredibly persuasive in convincing customers to make a purchase. Investing effort into crafting detailed product information could unlock potential profit growth!
Tip #3: Leverage USA marketplace features to gain visibility
USA marketplaces provide innovative tools to propel sellers into the spotlight, maximizing brand awareness and driving traffic.
Targeted advertising, enhanced product listings, sponsored products, and more helps merchants reach a larger audience than ever before. USA marketplace features enable entrepreneurs to manage multiple categories for maximum exposure in this competitive American industry – aiding them toward greater success with sales increases!
Tip #4: Utilize marketplace marketing tools
The USA marketplace offers a great opportunity for marketers to reach their desired target customers within the US.
Investing in USA customer service can help keep your company ahead of the competition. By investing in tailored, quality service for US customers, you will be rewarded with more loyal and satisfied customers that drive up sales.
Conclusion – Why You Should Consider Selling on USA Marketplaces
USA marketplaces offer a unique opportunity for businesses to increase their reach, unlock growth potential and maximize sales.
Utilizing marketplace marketing tools is an effective way to analyze customer behavior, interests, and buying habits. Every popular marketplace allows you to create highly-targeted campaigns that will engage the world’s largest economy.
USA Marketplace connects businesses with customers across America, giving them the chance to grow and maximize their potential
What are the benefits of the USA Marketplace?
The USA marketplace platform offers an array of products, unbeatable transaction fees, and access to invaluable customer data & analytics.
What USA Marketplace platforms should you consider?
When seeking to expand into the US Marketplace, businesses have a wide range of options. Popular destinations such as Amazon Seller Central, Walmart Marketplace, and eBay offer distinct features that can aid companies in increasing sales throughput.
Retailers may also wish to explore Rakuten USA (formerly Buycom), Newegg, or Etsy for further growth potential – each providing its unique benefits for success!
How can you best optimize the USA Marketplace for success?
To get the most out of the USA marketplace, businesses should develop a comprehensive strategy that covers quality content creation and leveraging all available features.
Utilizing the USA marketplace marketing tools and investing in customer service will also help drive maximum success. These tips are essential for any business looking to make waves on the USA Marketplace!
8-figure Amazon seller and serial online entrepreneur since 2015. Research and practice various online business models, and apply his in-depth learnings to further expand and grow his businesses as well as help others to achieve greater successes. Ex-VP of a high tech VC in Vancouver and a Management Consultant with over a decade of experience in the industry. Master's Degree from HEC Paris.
