To make the festive season of 2024, a big success for sellers in Madhya Pradesh and across India, Amazon has rolled out various initiatives and innovations. It has announced a significant reduction in selling fees - 3% to 12% across categories such as groceries, fashion and electronics, to help sellers increase their earnings and offer better prices to customers. This will give sellers an opportunity to optimize their operations for the Diwali shopping rush and continue to drive business growth after the festivities.
While talking to media persons, Vikram Despande, Director of Product Management at Amazon India, said the upcoming festive season, is a big opportunity for SMBs in Madhya Pradesh to boost their online business through e-commerce, with a potential increase in consumer spending. This year, close to 62,000 sellers from the state, will list and showcase their products on Amazon.in, reaching their customers across 100% serviceable pin codes of India. By taking advantage of the increased demand, traffic, and special offers, these sellers can boost their sales and reach new customers.
He further said "At Amazon, we are committed to empower the SMBs of Madhya Pradesh by helping them leverage the benefits of e-commerce. Every year, we roll out various initiatives to prepare them for the festive season through better product listings and selections, which can help them boost their sales. We are confident that the reduction in selling fees, along with rest of the solutions and features that we offer, will enable the sellers to achieve unprecedented success during the festive season and beyond."
Amazon is leveraging the power of Artificial Intelligence (AI) and Machine Learning (ML) to help sellers streamline their key operations like registration, listing and advertising, forecast demand, improve catalogue quality and product listings, and recommend deals and promotions. It has recently launched the Beta version of Rufus, a GenAI based shopping assistant trained on Amazon's product catalogue and information from across the web. Rufus can answer customer questions on shopping needs, products, and comparisons, make recommendations based on this context, and facilitate product discovery.
