2022 was an amazing year for the eCommerce industry, and MyFBAPrep witnessed the growth through our clients and our own business. 🎊
In 2022...
⭐️ The team processed $1 billion in GMV across our clients
⭐️ MyFBAPrep processed more than 10 million units
⭐️ We grew our headcount 30% from 2021 to 2022
⭐️ From 2021 to 2022 we grew our revenue 300%
Thank you to our customers, partners, and team who made it such a wonderful year!
P.S. Check out our video at the end of this email for everything you need to know about prepping and managing FBA shipments.
A quick browse through online marketplaces clearly shows that eCommerce is booming. Unfortunately, the fairy-tale ending remains out of reach: Goods are regularly sent back in droves, with 30% of online orders returned on average.
But don’t despair! In this post, we dive into what reverse logistics is and unveil the steps to build a top-notch returns process.
As more players enter the eCommerce market, it’s essential to find ways to stand out. There’s one area that online stores notoriously neglect that can give your brand a competitive edge; fulfillment.
Just 28% of people surveyed said they were completely satisfied with their online order delivery experiences. Let's explore why upgrading your shipping is always a good move and the best ways to make it happen.
While Amazon leads the pack in U.S. eCommerce, getting ahead in its massive marketplace is challenging and can incur costly mistakes without the right approach.
So, what can you do to minimize Amazon selling blunders?
If you’ve considered starting a subscription box, there’s never been a better time to pursue one. U.S. eCommerce subscription service income is set to hit $38.2 billion by 2023, more than double 2019’s $16.49 billion take.
Shopify merchants who used Loop experienced higher sales volume, lower return costs, and increased revenue rates. Even at the face of record-breaking return volume! And when it comes to refunds and upsell value, that’s where things really took off.
The Text to Shop function knows what a customer’s usual items are. Shoppers can text the name of a general item — such as “cereal” — and the retailer will add the brand and type typically ordered to the user’s cart, allowing shoppers to swap it, change the quantity or remove it.
Here’s a look back at the roller coaster year of 2022 for Amazon sellers, including some of the most surprising developments in the industry and what lessons were learned from them.
Analyzing our Mall Indexes over the past year has shown the impressive resilience of top-tier malls across the three sub-segments throughout the year. But with the holiday season now in the rear view, we dove into the 2022 data one last time to understand how malls closed out the year and what it could mean for their potential in 2023.
Until next time,
Sabra Mwaura
Marketing Manager
Have questions about our eCommerce services? Chat with someone from our team!
