Amazon Prime subscribers will more than double to 275 million in the next decade
By George Barnett Reid 👀 · September 11, 2018 · Curated by George's Blog
Amazon Prime subscribers will more than double to 275 million in the next decade, according to Citigroup, with a growth rate of 40% per annum.
If this materialises this could be a game changer for Amazon sellers as:
1. Prime members spend twice as much as non-Prime members.
2. The conversion rate for Prime members on listings averages at around 70% compared to 13% for non-Prime members (average website is 3.14%).
#prime #amazon #ecommerce #retailer