Amazon's annual revenue is $514 billion.

$66% of consumers start their online searches for products on Amazon.

89% of sellers report as profitable.

Guys, that's 9 out of 10 people.

Amazon is still a very profitable place to sell

your products and again, still the number one place to launch your brand.

What's up guys? You're listening to another episode of Selling on Amazon with Andy Isam.

In this episode, we're going to talk about the state of the Amazon seller report for

2023, recently released by Jungle Scout. I will put a link in the description of this podcast

episode for you guys to go and download this report for free. Okay. And we're just going to talk through it.

This is a really cool report that Jungle Scout puts out again every year. And this is the report

that talks about how many Amazon sellers are profitable. What's the demographics of Amazon

sellers? What business model are they using? What are their concerns? What are their worries?

What are they doing that's leading them to success? It's a really, really awesome report.

And so again, I highly, highly recommend you download this. And if you want, you can download it

and follow along while we go through this episode. So again, just go hit the link, download it.

And I'm just going to talk through some points here in the report that I think are interesting and insightful for you guys.

So just some quick numbers here about selling on Amazon in 2023. Amazon's annual revenue.

Revenue is $514 billion.

There are over 300 million customers worldwide. They get 2.7 billion site visits each month.

66% of consumers start their online searches for products on Amazon.

89% of sellers on Amazon report as profitable. Guys,

...