In this tutorial, we are going to evaluate the make money on the Amazon niche. Amazon.com Inc is an American technology company based in Seattle. It focuses mainly on e-commerce, digital streaming, artificial intelligence, and cloud computing. It ranks amongst the big four alongside Google, Apple, and Facebook.
Today it is the world’s largest e-commerce marketplace.
It’s hard to believe but not 15 years ago it came to within a hair’s width a bankruptcy. Today in terms of revenue it is the largest Internet company in the world. Historically it began as a website to sell used books.
Affiliate marketing spending is predicted to grow by 10% in the first few years of this decade, the AM sector is growing rapidly. Today it accounts for 15% of all digital media revenue. It accounts for 17% of all e-commerce orders in the USA and Canada. It generated 232.9 billion in 2018 which was a net income growth of 30.9%.
Around 50% of all sales on the Amazon market place come from third-party sellers. There are over 5 million different marketplaces. There are over a hundred million prime members who spend a hundred and 26 billion each year
It is estimated that there are 58 million Amazon Prime members worldwide. 1/4 of these customers are in the age bracket between 40 and 49. Just behind this figure, 22% are in the age bracket of 30-39.Only 19% of them are in their 20s!
From a demographic point of view, that means that the majority of the people who buy are older with more disposable income.
The main reason that people buy from Amazon is the fact that they are offered free shipping on prime. This is particularly useful with heavy items, And it allows people to buy their groceries without a delivery charge.
Half of the people who pay for and use Amazon prime have children and our college-educated, the majority have an income of a hundred thousand dollars a year. If you think that people use Amazon night cheapskates it is interesting to realize that half of the prime owners have assets of the $500,000.