Staying limited to a limited number of buyers may affect the business, but presenting business in front of a large population will benefit a seller. Similarly, on Amazon, if you are only selling in a particular country like India, you will limit your profit. So, if you start exporting your products to other parts of the world, the profit margin gets a hike. But why does this hike in profit occur all of a sudden? Hence, in this article, we will discuss the benefits of shifting or exporting products to Amazon Singapore.
Population
It doesn't matter if you are selling your products in a country like India, the second-highest in population. If you are selling or exporting products to Singapore, you will be presenting your product in front of 7 million+ people, who are more used to buying things on Amazon. Hence, it is always better to export products to an area where the population has more interest in buying products from e-commerce stores.
Most Businesses Are Moving To Singapore
If you ever export your products to Singapore, you will not be the only one doing so. Businesses have already been moving rapidly out of the Indian territory to earn the profit they have been missing here. As we know, or can be seen that the per capita GDP of Singapore is way ahead of India. The exports to Singapore have been very high in the recent few years, as in 2018, the exports to Singapore have reached $10.4 billion, i.e., Rs 76,000 crores.
Higher Sales
Businesses mainly invest in those places where the sales probability is higher, and Amazon Singapore has successfully proven that it is the best destination to export products. For the year 2021, the estimated e-commerce sales in Singapore are predicted to be $2.7 billion+. With such higher numbers, it can easily attract sellers to its marketplace.
Stay In Priority List
Suppose you have any questions like why the shift to Amazon Singapore, not any other e-commerce platforms. Then the answer will be Amazon is the top pick for the citizens of Singapore, and it stays on the list of the top 5 e-commerce stores active in the territory. The products you will export here will be more visible to the audience you have been looking for. Moreover, shifting to Amazon makes it easier for you to present your products more efficiently, as its state-of-the-art tools help you manage the sales and translation.
Global Festive Sales
Global festive sales are more frequent than local festive sales. And for e-commerce stores, the peak selling time is these sales events. So, by exporting products to Singapore, you will get the chance to sell products of festive sale events of Amazon Singapore like Prime Day, Boxing Day, or Christmas.
Get Amazon's Assistance In Exporting
If you are exporting products, then don't worry about the logistics and shipping activities. While you are focusing on your business, Amazon will be assisting you with International logistics and shipping. Get hassle-free Amazon service with fulfillment by Amazon (FBA).
Shifting or growing your business is always a better idea, but shifting it to a better marketplace is what you have to look for. Singapore has proved itself with tremendous growth in e-commerce sales, and hence, an excellent option to export products to Amazon Singapore for future growth.
