SELLING ON AMAZON IS A SIDE HUSTLE OR A FULL-TIME JOB OR WHO CAN DO SELLING WITH AMAZON (2024)

𝐒𝐄𝐋𝐋𝐈𝐍𝐆 𝐎𝐍 𝐀𝐌𝐀𝐙𝐎𝐍 𝐈𝐒 𝐀 𝐒𝐈𝐃𝐄 𝐇𝐔𝐒𝐓𝐋𝐄 𝐎𝐑 𝐀 𝐅𝐔𝐋𝐋-𝐓𝐈𝐌𝐄 𝐉𝐎𝐁 𝐎𝐑 𝐖𝐇𝐎 𝐂𝐀𝐍 𝐃𝐎 𝐒𝐄𝐋𝐋𝐈𝐍𝐆 𝐖𝐈𝐓𝐇 𝐀𝐌𝐀𝐙𝐎𝐍

1️⃣ 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧:-

Amazon Business can be either a part-time or full-time endeavor, depending on the individual's goals and level of commitment. Amazon Business is a program offered by Amazon that enables businesses to purchase products in bulk at discounted prices. Some individuals may use Amazon Business to supplement their income on a part-time basis, while others may make it a full-time business by buying and reselling products in large quantities. Ultimately, the amount of time and effort put into Amazon Business will determine the level of success and profitability.

Amazon has an estimated 2.6 million sellers selling more than 160 million products globally. The majority of those sellers, however, spend fewer than 40 hours per week selling on Amazon. And while some sellers have other jobs, others earn income from their Amazon businesses alone.

So is selling on Amazon a side hustle or a full-time job? And how much time and money does it take for Amazon sellers to be successful? We’ll dig into the data to uncover the details.

2️⃣ 𝐇𝐨𝐰 𝐌𝐮𝐜𝐡 𝐓𝐢𝐦𝐞 𝐃𝐨 𝐀𝐦𝐚𝐳𝐨𝐧 𝐒𝐞𝐥𝐥𝐞𝐫𝐬 𝐒𝐩𝐞𝐧𝐝 𝐨𝐧 𝐓𝐡𝐞𝐢𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬?

The majority (64%) spend fewer than 20 hours per week working on their Amazon businesses.

✅Fewer than 4 hours: 16%

✅4-10 hours: 28%

✅11-20 hours: 20%

✅21-30 hours: 13%

✅31-40 hours: 12%

✅41-50 hours: 6%

✅51-60 hours: 3%

✅Over 60 hours: 4%

3️⃣ 𝐇𝐨𝐰 𝐌𝐚𝐧𝐲 𝐇𝐨𝐮𝐫𝐬 𝐒𝐡𝐨𝐮𝐥𝐝 𝐘𝐨𝐮 𝐒𝐩𝐞𝐧𝐝 𝐨𝐧 𝐘𝐨𝐮𝐫 𝐀𝐦𝐚𝐳𝐨𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬?

The data below segments sellers by the number of hours worked each week and then their profit margins.

✅Sellers working 4 hours or less per week have a 1-5% profit margin

✅4-10 hours: 34% have a 6-10% profit margin

✅11-20 hours: 57% have a 11-20% profit margin

✅21-30 hours: 31% have a 26-50% profit margin

✅31-40 hours: 23% have a 21-25% profit margin

✅41-50 hours: 13% have a 16-20% profit margin

4️⃣𝐏𝐚𝐫𝐭-𝐓𝐢𝐦𝐞 𝐀𝐦𝐚𝐳𝐨𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬:-

✅Part-time owners can use Amazon Business to purchase products in bulk at discounted prices and resell them on their own website or online marketplace.

✅It can be a great way to earn extra income while maintaining a full-time job or managing other businesses.

✅It requires less time and commitment compared to a full-time Amazon Business.

5️⃣𝐅𝐮𝐥𝐥-𝐓𝐢𝐦𝐞 𝐀𝐦𝐚𝐳𝐨𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬:-

✅Full-time owners dedicate significant time and resources to sourcing products, managing inventory, and optimizing their listings to maximize sales.

✅They may also utilize Amazon's fulfillment services to manage shipping and customer service.

✅Building a successful Amazon Business requires time, effort, and resources, and those who are willing to dedicate themselves to the endeavor are more likely to achieve success.

6️⃣𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐓𝐡𝐚𝐭 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞 𝐖𝐡𝐞𝐭𝐡𝐞𝐫 𝐀𝐦𝐚𝐳𝐨𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐢𝐬 𝐚 𝐏𝐚𝐫𝐭-𝐓𝐢𝐦𝐞 𝐨𝐫 𝐅𝐮𝐥𝐥-𝐓𝐢𝐦𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲:-

According to a survey conducted by Sellics, 48% of Amazon sellers started their business as a side hustle before transitioning to full-time.

✅Level of commitment and dedication of the individual.

✅Existing business commitments.

✅Amount of time, effort, and resources that can be invested in the business.

7️⃣𝐇𝐨𝐰 𝐂𝐚𝐧 𝐘𝐨𝐮 𝐆𝐞𝐭 𝐒𝐭𝐚𝐫𝐭𝐞𝐝 𝐖𝐢𝐭𝐡 𝐀𝐦𝐚𝐳𝐨𝐧 𝐀𝐬 𝐀 𝐒𝐢𝐝𝐞 𝐇𝐮𝐬𝐭𝐥𝐞?

If you decide to start selling on Amazon as a side hustle or a full-time business, try to spend a minimum of 10 hours per week to get started.

If you don’t have as much time to spend in your Amazon business, make sure you:-

✅Focus on getting the right tools and information for your business.

✅Learn how to properly perform product research so you don’t spend all your time looking for products to sell on Amazon.

If you have more than 10 hours per week to spend in your business, make sure you:-

✅Stay on top of new information and have all the right tools in place.

✅Use tools to get reviews and effectively manage pay-per-click ads (Amazon PPC).

8️⃣𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧:-

✅Amazon Business can be a part-time or full-time opportunity, depending on the individual's goals and level of commitment.

✅According to the data, a significant number of Amazon sellers operate their business as a part-time endeavor before transitioning to full-time.

✅While it is possible to earn extra income through Amazon Business on a part-time basis, building a successful Amazon Business requires significant time, effort, and resources.