Pleasing the eCommerce sellers, Amazon announces its launch in Singapore. Thus, making Singapore, its first choice in South-East Asia. Gaining popularity as “Amazon sg”, the marketplace has launched itself in the country with a wider range of products, unlike the 2017 scenario. Back then, it had launched its Prime Membership Programme offering its fast delivery service through a mobile app.
Amazon has stepped into the SEA Market with approximately 500 third-party Marketplace sellers, In other words, they will sell on Amazon Singapore (Source: Marketplace Pulse Research).
Breaking the boundaries, Amazon Singapore will enable sellers to sell in multiple categories rather than just being focused on groceries & household essentials, as that was the case in 2017.
As per Amazon, this initiative is to cater to all the sections of Amazon shoppers, be it, Member of Prime Membership Programme or not. Amazon said that Amazon Singapore will not only feature big brands but also small and medium-sized businesses.
Impact of Amazon Singapore’s launch on Amazon Prime Membership Programme:
The Prime Members in Singapore will still have Prime Now, the free two-hour delivery service for orders more than $40. Amazon.sg also ensures free international shipping for eligible orders over $60 from the Amazon International Store. The Prime Members will also get free one-day delivery with no minimum spend on local eligible items.
Amazon Prime Membership costs $2.99 a month.
Quoting Amazon Singapore country manager:
“With Amazon.sg, we want to provide what customers have been asking us for: the ability for everyone to shop on the desktop and mobile, more local and international selection from Amazon and trusted sellers, paired with fast and reliable delivery”.
Top-reasons for Amazon being Singapore’s first choice in South-East Asia:
With an internet population of 4.7 million, Singapore exposes Marketplaces to a huge audience. Thereby, increasing the Conversion rate of the Marketplace to manifolds.
1) Ever-Growing Revenue:
2) Expansion in the eCommerce Market:
3) Increasing Foreign Investment in the Market:
Thus, with Amazon Singapore, the U.S. based company has tried to open up all the avenues of growth. With the launch of Amazon sg, Amazon has come down the mainstream to compete with South-East Asian giants like Lazada & Shopee and hopes to emerge out victorious in the long run. It will be interesting to see how Amazon copes up with the immense competition with already established marketplaces Alibaba & Shopee, hoping for it to excel.
Amazon’s launch in Singapore has made a great impact on SEA Market. It helps shoppers in the region to get access to all the product categories, even to the kindle e-books which wasn’t the case earlier. This will surely enable the sellers to have more traffic on their website. Resulting in more buyers to come to the marketplace due to its expanded scope in terms of product categories.
If you are someone planning to sell on Amazon Singapore, then relax! With certain dedicated companies who aid the process of helping you sell on the desired Marketplaces, it is a hassle-free task.