Amazon sellers have figured out how to unlock their earning potential. We’re here to spill all the secrets!
Plastic surgeons for Hollywood’s elite.
You know who has these jobs? Millionaires.
You know who else can make thousands of dollars in a single hour of work? YOU!
The best part? You can do it all from the comfort of your own home. All you need is an Amazon business.
- Why the answer is “Amazon”
- How much money does it take to start selling on Amazon?
- How top-tier sellers make million-dollar brands
- Make More Money From Home Selling On Amazon
- More FREE Resources For Top Amazon Sellers
Why the answer is “Amazon”
It’s no secret that Amazon’s sales are out of control. But let’s look at just how much this ecommerce giant earns each year anyway:
That’s a LOT of revenue. We’re talking hundreds of billions, people.
Now, here’s a look at the average sales figures for Amazon sellers (according to JungleScout):
|Monthly Sales||Percent of Sellers|
|$1,001 – $5,000||27%|
|$5,001 – $10,000||13%|
|$10,001 – $25,000||10%|
|$25,001 – $50,000||8%|
|$50,001 – $100,000||4%|
|$100,001 – $250,000||1%|
According to this data, about 60% of Amazon sellers earn up to $5,000 per month in sales. But at the same time … MORE than a third of Amazon sellers make MORE than $5,000 each month in sales.
Now let’s look at the average number of hours Amazon sellers spend each week on their businesses (again, according to Jungle Scout):
|Number of Hours||Percent of Sellers|
|4 – 10||28%|
|11 – 20||20%|
|21 – 30||13%|
|31 – 40||12%|
|41 – 50||6%|
|51 – 60||3%|
More than 60% of Amazon sellers spend less than 20 hours a week on their business. Only 12% work a full forty hours a week.
So … let’s do a little math here to figure out how much money Amazon sellers can earn in the least amount of time.
About 60% of sellers make up to $5,000 a month in sales, and about 60% of sellers work less than 20 hours a week. We will assume then that an average seller can make $5,000 in 20 hours of work each week (or $62.50 per hour).
If you’re a super seller, it’s possible to make $25,000 a month in 20 hours of work each week (or $312.50 per hour).
To take things a step further, let’s say you’re a top-tier seller. If you earn $250,000 each month in sales, working 20 hours per week, that’s $3,125 per hour.
You’d be hard pressed to find an office job that pays that well …
So! Now that we’ve established that selling on Amazon truly unlocks unlimited earning potential, let’s talk about how most sellers get started.
How much money does it take to start selling on Amazon?
More than 80% of Amazon sellers used their own money to launch their business. The rest of them borrowed from loved ones, banks, or creditors. But … how much money do sellers spend on average to launch an Amazon business? Let’s find out!
|Money Spent||Percent of Sellers|
|$1,001 – $2,500||19%|
|$2,501 – $5,000||19%|
|$5,001 – $10,000||16%|
The vast majority of sellers spent less than $5,000 to launch, and about a third spent less than $1,000.
Obviously, the amount YOU spend directly depends on a few things:
- The product you choose to sell
- Whether you’re investing your own money or borrowed money
- How “far in” you want to go
Now, this begs the question: how do sellers turn $5,000 into a full-blown work-from-home Amazon business?
How top-tier sellers make million-dollar brands
Top sellers make it big on Amazon because they sell products with THREE characteristics:
- Low competition
- High demand
- Private label
If you can identify a product that people want, and no one else sells, contract a private label supplier immediately because you’ve just struck gold.
Obviously, more work goes into building such a business, but that’s how it starts 100% of the time. Once you’ve got the product, the supplier, and the brand in place … the rest is history.
All our most successful sellers tell us that the key to their success was putting in the time to carefully research a product. The best part? There are tools to help you do this. We recommend Zoof because it’s packed with tons of helpful seller resources like:
- Opportunity finder
- Opportunity analyzer
- Profit calculator
- Index checker
- And more
Make More Money From Home Selling On Amazon
Tons of other people JUST LIKE YOU have built strong Amazon brands from their very own kitchen table. What are you waiting for? Take the first step right now by checking out our FREE downloadable eBooks:
Want even more info about how to start selling from home? Check out these quick-reads for insider tips!
More FREE Resources For Marketplace Sellers
- Who Can Sell On Walmart Marketplace?
- How To Start Selling On Walmart
- Is Selling On Walmart Worth It In 2022?
- Why Is Walmart Growing?
- Is Amazon FBA Too Competitive For New Sellers?
Matt Clark is the Chairman and Co-Founder of Amazing.com, a serial entrepreneur, and investor. He’s been featured on Forbes, CNBC, and Entrepreneur.com.