Amazon has an estimated 2.6 million sellers promoting greater than 160 million merchandise globally. The vast majority of these sellers, nonetheless, spend fewer than 40 hours per week promoting on Amazon. And whereas some sellers produce other jobs, others earn earnings from their Amazon companies alone.
So is promoting on Amazon a facet hustle or a full-time job? And the way a lot money and time does it take for Amazon sellers to achieve success? We’ll dig into the information to uncover the small print.
What number of sellers promote on Amazon full-time?
At Jungle Scout, we surveyed greater than 1,000 Amazon sellers and discovered that 21% of Amazon sellers earn earnings from their Amazon companies alone.
Nonetheless, meaning nearly all of Amazon sellers are in any other case employed — many with full-time jobs. In reality, 37% of sellers work full-time jobs whereas nonetheless promoting on Amazon, together with these sellers placing greater than 60 hours per week into their companies!
Amazon sellers by employment standing:
- 37% work a full time job (40+ hours per week)
- *21% solely promote on Amazon to earn earnings
- 18% work part-time jobs (1-39 hours per week)
- 5% of are retired
- 4% are stay-at-home mother and father
- 3% are full-time college students
- 3% are usually not employed, however in search of work
- And fewer than 1% are disabled
We additionally discovered that 54% of Amazon sellers personal their very own firm/corporations (past promoting on Amazon), whereas one other 23% do freelance or gig financial system work.
For 29% of Amazon sellers, their enterprise is a passion.
How a lot time do Amazon sellers spend on their companies?
The bulk (72%) spend fewer than 30 hours per week engaged on their Amazon companies.
- Fewer than Four hours: 13%
- 4-10 hours: 24%
- 11-20 hours: 20%
- 21-30 hours: 15%
- 31-40 hours: 10%
- 41-50 hours: 9%
- 51-60 hours: 3%
- Over 60 hours: 6%
So, does extra time imply extra earnings?
What follows is a breakdown of the time spent by sellers on their Amazon enterprise every week and the share of these sellers who take solely an earnings from Amazon.
- Of these working fewer than Four hours per week on their Amazon companies, simply 4% earn earnings solely from these companies.
- 4-10 hours/week: 12%
- 11-20 hours/week: 18%
- 21-30 hours/week: 30%
- 31-40 hours/week: 32%
- 41-50 hours/week: 31%
- 51-60 hours/week: 42%
- 61+ hours/week: 34%
What number of hours must you spend in your Amazon enterprise?
As a result of folks and companies select to promote on Amazon for broadly different causes, they might additionally need to make investments completely different quantities of effort and time.
But when the objective of a vendor is to put money into Amazon as a way to earn cash, the final rule is you get out what you place in.
In reality, we all know that probably the most worthwhile Amazon sellers, and people with the best lifetime gross sales, spend extra time on their companies than different sellers.
The info beneath segments sellers by the variety of hours labored every week after which the biggest share of lifetime earnings amongst these segments.
- Sellers working fewer than Four hours: 73% have earned below $100,000
- 4-10 hours: 60% have earned lower than $100,000
- 11-20 hours: 39% have earned lower than $100,000
- 21-30 hours: 34% have earned lower than $100,000
- 31-40 hours: 26% have earned lower than $100,000
- 41-50 hours: 21% have earned between $100,000 – $500,000
- 51-60 hours 20% have earned between $100,000 – $500,000
- 61+ hours: 18% have earned between $1,000,000 – $5,000,000
Not sufficient time to spend? Get the suitable instruments.
We requested Amazon sellers what they thought the most important contributors to their success on Amazon was.
Amongst all sellers, the highest reply (for 37% of sellers) was time to decide to their companies!
An in depth second (for 35%), nonetheless, was having the essential instruments and knowledge to assist them achieve success.
What instruments do time-strapped sellers want?
Sellers mentioned the most important focus for his or her Amazon enterprise is discovering a product. In reality, 55% of sellers who spend fewer than 4 hours per week spend their time in search of a product, as do 45% of sellers who spend 4-10 hours of their enterprise.
Those that spend greater than 10 hours per week on their enterprise advised us that they spend most of their time managing PPC. Nonetheless, discovering merchandise and getting product critiques are simply as necessary.
Jungle Scout — an all-in-one platform for promoting on Amazon — has instruments that may lower the time it takes you to run and keep your Amazon enterprise considerably.
How can I get began with Amazon as a facet hustle?
In case you resolve to begin promoting on Amazon as a facet hustle or a full-time enterprise, attempt to spend a minimal of 10 hours per week to get began.
In case you don’t have as a lot time to spend in your Amazon enterprise, ensure you:
In case you have greater than 10 hours per week per week to spend in your enterprise, ensure you:
The place to get the suitable instruments and knowledge for Amazon.
For product analysis, we advocate that you simply get Jungle Scout — an all-in-one platform for promoting on Amazon. Not solely will you get entry to the Jungle Academy which has detailed movies on product analysis, however additionally, you will have entry to 5 instruments that assist with product analysis.
For Amazon PPC, Jungle Scout additionally gives Key phrase Scout which might help you discover key phrases in your key phrase campaigns.
And to get critiques, the Jungle Scout Extension has a characteristic that provides a “Request a Evaluate‘ button to all of your listings. Jungle Scout additionally has an e-mail follow-up system to encourage critiques from offered clients.