Revealing the truth about what it takes to become a successful Amazon seller in 2020. We analyzed data from hundreds of Amazon FBA sellers to determine how much time, effort and resources they spent setting up their Amazon stores. The infographic also details if they turned a profit and how much profit they made from selling on Amazon.
In 2019 Amazon was responsible for 45 percent of US eCommerce spending and revenue of more than $47 billion year-on-year. Millennials are the most significant audience at Amazon, while the brand has over 100 million Amazon Prime members that spend nearly $1000 annually. So, if you too want to tap into their consumers, Amazon FBA is the way to go.
Amazon FBA allows sellers to stock their products in Amazon’s fulfillment centers. When your customer orders your products, they pick, pack, and ship it on your behalf, thereby sparing you from all the hassle and, more importantly, saving you the cost. FBA is a wise way to increase your business size and scale to different markets. Over 2.5 million sellers are currently selling on Amazon, and in recent years a million new buyers are joining Amazon every year.