There are nearly three million merchants on Amazon.com, offering more than 160 million products to a worldwide audience. If you’re an Amazon seller, it may come as a surprise to know that most sellers devote less than 40 hours a week to their Amazon business. Some sellers run their Amazon business while holding down a full-time job, while others make enough money selling on Amazon that they don’t need another job.
So, is selling on Amazon a side business or a full-time job? To be successful, how much time and money do sellers have to spend on their Amazon business? This article delves into the details to answer your questions.
What percentage of Amazon sellers work at it full-time?
The results of multiple surveys and studies show that 21% of Amazon sellers focus full-time on running their Amazon business.
This means that the vast majority of Amazon sellers do this in addition to having a job elsewhere. Numbers show that 37% of sellers hold down a full-time job while running their business on Amazon, including sellers who devote more than 60 hours a week to their Amazon business.
We also discovered that 54% of Amazon sellers also own one or more businesses, in addition to their Amazon business. Another 23% are also freelancing or doing odd jobs and 29% claim they’re selling on Amazon as a hobby.
Regardless of the time devoted to their Amazon business, based on research published recently by Jungle Scout – 85% of Amazon sellers are profitable!
If you want more information on how people are making money selling on Amazon, keep reading!
How much time do Amazon sellers devote to their business?
Most sellers (72%) spend less than 30 hours a week running their Amazon business.
However, you need to know that the amount of time, money, and effort you spend on your Amazon business will directly impact its success. How much time you spend setting up your business is different than what is needed to build and grow it.
How much time do sellers need to spend to succeed on Amazon?
People and businesses sell goods on Amazon for all different reasons, so how much time and effort they choose to put in will depend on their reasons. But, if your goal is to make money on your Amazon Seller Account, it’s important to know that the amount of time, money, and effort you spend will directly determine how successful you are, which translates to profits.
The data below shows the number of hours spent each week on the business, along with the percentage of sellers making the highest profits throughout the life of the business:
- 4 hours per week: 73% earned less than $100K over the life of the business
- 4 to 10 hours per week: 60% earned less than $100K over the life of the business
- 10 to 40 hours per week: 31% earned less than $100K over the life of the business
- 40 to 60 hours per week: 21% earned between $100K and $500K over the life of the business
- 60+ hours per week: 18% earned between $1M and $5M over the life of the business
To get a better idea of your own investment budget required, ROI calculations, and amount of time needed, use our Amazon store profit calculator.
Summary
It is clear that when you’re competing on Amazon with so many other sellers, it’s important to know how much time, money, and effort you need to invest to make your business a success. You can become profitable within a relatively short period of time, or it may take you several months or even years. It’s totally up to you.