It is said that Amazon is the largest online store in the world. The portal allows companies and users to create their stores, and thus access thousands of potential buyers.
Unlike other marketplaces, such as Rakuten or eBay, Amazon sells some products directly without intermediaries. This allows Amazon sellers to build their businesses and make lots of money. If you are wondering who has the highest income on Amazon and how much they make, this article is for you.
The data provided here is gathered from OABeans Website Amazon Top Sellers Article.
Who is the Top Seller on Amazon?
When identifying the top sellers on Amazon, there are important criteria that we should have in mind. These include the number of reviews and the number of positive reviews that the seller has managed to receive.
Since only 10-20% of buyers leave reviews on products they have bought, the number of feedbacks has to be increased 5-10 times to be credible. Sellers use different techniques to increase the number of positive feedback on their products, such as customer support and feedback software.
According to an analysis of Amazon’s top 1000 in 12 countries all over the world, MEDIMOPS from Germany is the top Amazon seller in 2022. This vendor sells more than 500,000 products in Germany which mostly consist of books and products related to music, movies, and games.
How many averages Do Amazon Top Sellers Make?
The exact amount of income that top Amazon sellers earn is not revealed, but most Amazon sellers make at least $1,000 per month, with some super-sellers earning more than $100,000 each month.
Where Are Most Amazon Sellers from?
As already mentioned before, Amazon’s top seller is a German company called MEDIMOPS. More than 95% of this seller’s reviews – out of 250,000 comments – in the last 12 months have been positive.
The second top seller on Amazon is an Indian company called Appario Retail Private Ltd., which has 92% positive feedback out of 170,000 comments. This seller specializes in selling digital products from famous brands such as Samsung, Apple, Xiaomi, etc. on Amazon India.
Music Magpie from the UK is the third largest seller on Amazon with 96% positive reviews out of 170,000 comments. This retailer mostly sells mobile phones and other second-hand digital devices.
Many of Amazon’s top sellers are from the USA – such as Pharma packs, Anker Direct, and EPFamily Direct. According to the analysis, the rest of the top 1,000 sellers with the highest positive feedback on Amazon are located in the United Kingdom, Germany, Italy, France, Japan, Canada, India, Spain, Mexico, Brazil, and Australia.
How Much Time Do I Need to Be One of the Amazon Top Sellers?
As for the time to start the business, including administrative and legal procedures and product purchase, the most time needed is usually less than 6 weeks.
Although for most people, this period usually extends above this record; especially for sellers who sell private labels and import their products from Asia. Since there is a period of testing, modifications of prototypes, and optimizations of various kinds.
The message that is usually sold by creators of info products and influencers is usually the following: work little and comfortably and earn a lot.
It is the perfect description of utopia. Far from reality.
However, the largest number of sellers spend between 4 and 10 hours a week selling on the marketplace. And this is explained by the fact that almost 40% of the total have partnerships with other businesses to streamline and simplify processes.
Is it Late to Start Doing Amazon FBA Business?
It’s never late to start selling on Amazon, and you can absolutely compete as a new seller, but only if you do things the right way. Like any other business, you can’t expect to start without the knowledge and right resources and expect to become a millionaire overnight.
You need to set yourself apart from other sellers because there are lots of established vendors on Amazon already selling the products you have in mind. The most important key to becoming a successful seller on Amazon is to differentiate and improve the product you’re selling. This needs research and knowledge about consumers’ behaviors and demands.
Which Products Do Amazon Top Sellers Sell More?
Amazon has a section dedicated to bestsellers, which can be found on their website and is updated every hour. It contains all the frequently bought and trending products along with their ranking in each department so that you can decide the most suitable products to sell.
It’s important to keep a close eye on this product category because sometimes a product you had in mind to sell can be replaced by one that has gained popularity. This is the case for products that are ‘on trend’ or seasonal products that become popular only during the holiday seasons.
At the same time, some have perpetually maintained their positions on this list, such as books, games, and electronics, to name a few. You can always consider these products after understanding their demand and profitability because they pave the way for the best things to sell on Amazon.
BSR also means that each product receives a score indicating where and how it ranks not only in individual categories but also in related subcategories. There are two ratings: the first indicates the product’s rating for the main category it belongs to. The second type of classification is indicative of how the product is classified in the following subcategory.
Some best-selling products on Amazon include:
Kitchen utensils and cutlery
Home office furniture
Fitness equipment and clothing
In this article, we introduced the most successful sellers on Amazon. If you are wondering whether you can make it as an Amazon seller or not, the data provided in this article might help answer your questions. Just keep in mind that Amazon’s best-seller products are constantly changing, but it’s all about quality and value.
Researching before making a decision can be a time-consuming process, but some product research tools can help. As a seller, your most important duty is to provide value to buyers and be passionate about what you want to sell on Amazon if you want to make a profit.
Source: OABeans.Com – Amazon.Com