In 2015, Amazon made $107 billion dollars in sales. It was also a year that minted a lot of first generation millionaires who made their money by selling on Amazon.
That was 6 years ago. Now, Amazon makes just over $100 billion dollars in sales in a single quarter (according to data from last quarter of 2020).
Since most sales on Amazon are made by “third party sellers”, you would assume there are
more people than ever making money hand over fist
… by selling on the biggest online marketplace.
The truth is somewhat different. Yes, if you look at the numbers, more money than ever is made by third party sellers. But that’s a bit like taking the body temperature of every patient in a hospital and announcing that, on average, they’re all fine.
Very few “traditional” approaches on Amazon still work. Why?
The pandemic disruption has wreaked havoc on supply lines. The market perception of certain types of products has shifted. And, there are just more and more people trying to come in and do the same old thing that worked a few years ago - and they might even succeed to some degree because of the sheer size of the marketplace.
However, there’s a pattern emerging… something that very few people have spotted yet… that clearly shows us where the big money is going to be made on Amazon in 2021.
And yes, Jeff Bezos stepping down can only help.
If you want to discover exactly how to take advantage of this “new” Amazon approach, register for a free Zoom training session here:
It’s also interesting to note that there’s nothing specific to point out about the Amazon sellers who have been successful with this new approach.
They’re just like every other seller on Amazon.
Meaning, they might live in dozens of different countries, their age range is from 18 to over 80, a lot of them are over age 45, they tend to devote way less than a full work week to manage their Amazon business, and a skill (technical or whatever else) is not really a factor, either.
The one thing they do differently is revealed here:
Get the lay of the land and discover the best path moving forward. Don’t put this off - timing is everything here.
To Your Success!
Steve.
Master Online Entrepreneur
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