It’s difficult to keep up in today’s modern world when trends change daily so as people’s preferences.
Shopping trends too. I have evolved. In early times we used to buy products offline, from stores or from Kirana shops. But nowadays, everyone loves to shop online. And when we say online shopping, the first name that comes to mind is Amazon and Walmart.
These two companies are the largest cross-border retailers. The products available on these Shopify websites are enormously vast. We may purchase almost any product, whether it is electronics or household things. If the product line is extensive, the revenue will be substantial. So, in this article, you’ll learn everything you need to know about their marketing strategies, sales revenue, and even whose strategies helped them win the race.
Walmart is the undisputed king of brick-and-mortar retail, while Amazon is the undisputed king of e-commerce. Both businesses distinguish themselves by offering more than just items. They also make money through financial and clinical services, as well as third-party vendors and subscriptions.
Both Walmart and Amazon have gotten to such a point where they’re both, not only credible, but they have developed a huge amount of trust, amongst their followers and their consumers.
Marketing strategies of Amazon
Great SEO work and quality keywords
Quality description of the product
Using customer-friendly interface
Offer a variety of products and services
Scaling easily from small to large
For advertisement, they use PPC campaigns, CPC bidding and much more
Amazon aims to have a global effect that is unrivalled. They remember that when it comes to selling, information is vital, followed by presentation and communication with customers in order to please them.
Amazon’s success is due to its excellent customer service. They offer cheap rates, dependable shipping, a big product catalogue, security when buying, and they personalise the products on display for each customer.
Marketing strategies of Walmart
Effective pricing of products is key to generating demand.
Understanding target demographics
USP of Lowest price
Great management teams
Products are available in both modes (online & offline)
Follow Segmentation strategies to understand consumer needs
Walmart aims to invest over $14 billion in the supply chain, automation, customer-facing activities, and technology. Walmart’s mission is to give people all over the world safe, cheap food and other things.
Revenue & Growth
Amazon’s revenue in 2019 was over 14 times that of Walmart.com. Amazon’s revenue is expected to be six times that of Walmart in 2021. While Amazon has a 40.4 per cent market share compared to Walmart.com’s 7.1 per cent, Walmart’s share is increasing.
Revenue: Acc. reports, over the years, Amazon has consistently outperformed Walmart.com. Amazon’s revenue in 2019 was $346.5 billion, compared to $25.1 billion for Walmart.com. In 2020, Amazon will be worth $404.4 billion, compared to $39.78 billion for Walmart.com. This year is expected to be no different, with Amazon expected to earn $468.8 billion, compared to $75 billion for Walmart.com.
Growth: Acc. reports, the growth rate of Walmart.com is faster than that of Amazon. Walmart.com’s sales tripled between 2019 and 2021, while Amazon’s increased by around 35%. Amazon’s revenue in 2019 was over 14 times that of Walmart.com. Amazon’s revenue is expected to be six times that of Walmart in 2021. While Amazon has a 40.4 per cent market share compared to Walmart.com’s 7.1 per cent.
Consumer: Customers prefer Amazon Prime, which has 112 million subscribers compared to the Walmart+ programme, which has 8.2 million. Amazon has around 300 million customers worldwide, compared to Walmart’s 220 million customers (which includes both physical store and e-commerce customers.
According to the figures mentioned above in revenue and growth, Walmart.com has tripled in size in the last two years, whereas Amazon has grown by only 35%. Walmart, the classic brick-and-mortar retailer, is gaining ground on Amazon in the e-commerce sector. That’s a positive thing for consumers. Competitive pricing and innovation are both forced by competition.
The future promises to be thrilling.