Selling products online is a great way to start a business and make money.
And if you’re going to sell anywhere, it should be on Amazon. Fortunately, the Amazon market is massive, and it’s growing more than ever as people shift to shopping online for almost any type of product.
55% of U.S. consumers say that if they were only able to buy products from a single store, it would be Amazon, and more than 121 million Americans are Amazon Prime members.
In 2020, Amazon was responsible for 47% of U.S. ecommerce spending in 2020 — a figure which is expected to rise to 50% in 2021.
And despite a global pandemic disrupting much of the world’s economy in 2021, Amazon is not only surviving — it’s thriving. Among total consumers, 51% are making purchases on Amazon weekly or more, and 15% shop on the platform 2-3 times a month.
You can become a seller with Amazon’s Fulfillment-by-Amazon (FBA) program. With FBA, you simply send your products directly to Amazon’s warehouses. Amazon then stores the inventory, and when you get an order, Amazon ships your product to the customer (through 2-day Prime shipping), and Amazon manages all customer support.
Is it really that simple? Yes! If you find the right product and commit some time and effort to caring for your business, you can make tens or hundreds of thousands of dollars per year by selling on Amazon — even as a new seller.