Amazon King

ByCoyalita

Feb 20, 2024

Amazon King

How to Leverage the World’s Largest eCommerce Market Place For Insane Profits

Amazon King – Amazon is one of the biggest retail companies in the entire world, serving millions of customers every year and making unbelievable profits. They have a level of customer loyalty that most companies are never able to attain.

While most entrepreneurs dream of making even a meager living online, few ever do. They try to compete with giants like Amazon, thinking they can just set up a website, attract visitors, and profit.

Unfortunately, things just don’t work that way. Amazon is already established. They have established business relationships with suppliers and shipping companies, so they can get better prices than you could ever manage on your own.

You may think, “Why should I even bother trying to start a business online if I could never compete with Amazon, anyway?”

The thing is, you don’t have to worry about competing with Amazon. Have you ever heard the old adage If you can’t beat ‘em, join ‘em? You can actually partner with Amazon, leveraging their incredible power to build your own business without having to compete against a giant like Amazon.

So why exactly is Amazon a good company to partner with? There are many reasons why such a partnership could be extremely beneficial for you.

For example:

1. Approximately 5% of all internet traffic visits Amazon.com each month. To put that into perspective, there are approximately 2 billion total internet users worldwide, which means around 100 million people visit the site each month!

2. Amazon is the 5th most visited website in the U.S.

3. Amazon is the 14th most visited website in the world.

4. Amazon has captured one of the most lucrative demographics in existence – childless women over age 35 making $60,000+ per year.

In addition to these statistics, Amazon is simply one of the most powerful and reliable forms of traffic online. People tend to spend a tremendous amount of time on the site, often making several purchases per visit. They trust Amazon, and Amazon’s liberal shipping and return policies get them to return again and again.

In this report, you’re going to learn how to team up with this global retail monolith and use their tremendous power and success to build your own online business.

You’ll learn about several different business models you can use to make money with Amazon, and how to choose one that suits your business style.

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Amazon’s Profit Hubs

Amazon has many different revenue streams that have made it one of the most profitable online businesses in history. Their strategies have made them the powerhouse they are today.

Let’s take a look at some of the different revenue models Amazon have developed, and how you can use them to your advantage.

Amazon Prime

Amazon Prime is a program Amazon debuted a few years ago. Initially, the program’s primary advantage to customers was tremendous savings on shipping costs on products sold by Amazon.com, but it has evolved to offer other benefits as well.

The program lets people get overnight shipping for $3.99 per item, and 2-day shipping FREE! An Amazon Prime membership costs $79 per year but considering overnight shipping can cost $20 or more for a single item without an Amazon Prime membership, the savings can add up quickly.

One thing that makes Amazon Prime so powerful is that people tend to order a lot more from Amazon once they become a member. It’s hard to order an item from another retailer when standard shipping from that retailer would potentially be $7-$10 and the item would take a week to arrive, when you could get FREE shipping and have the item in two days or $3.99 and have it in 24 hours.

This means Amazon Prime members are prone to do most, if not all of their online shopping with Amazon instead of their competitors.

But Prime members get other benefits, as well. Amazon keeps adding new benefits regularly. Here are a few of the current benefits of Amazon Prime membership:

1. Access to thousands of streaming television episodes and movies included with membership. Currently, Prime Members have over 38,000 episodes and movies to choose from.

2. The ability to borrow one Kindle book each month for free.

3. Free 2-day shipping on millions of different items.

4. Overnight shipping for $3.99 per item.

These benefits alone could be worth thousands of dollars, so you can see why so many people pay $79 per year to receive them.

While you can’t make money directly from the Amazon Prime program, it will benefit you enormously by making it much easier to get people to buy the things you are selling, because many people (especially Prime members) will already be loyal to the company.

Kindle Direct Publishing (KDP)

One of the most popular programs Amazon has developed in recent years is their KDP program. KDP stands for Kindle Direct publishing. Their program allows authors and publishers to make their content available for sale through
the Kindle platform and receive huge commissions on sales.

There are two commission structures:

1. Earn 70% commission on products between $2.99 and $9.99.

2. Earn 35% commission on products between $0.99 and $2.98 and on products $10 and up.

As you can see, the most lucrative prices for your books would be between $2.99 and $9.99, but if you’re interested in bulk sales you could certainly price at $0.99.

Just remember that you would have to sell six books at $0.99 to get paid as much as a single sale at $2.99.

You can publish nearly anything on the KDP platform. Here are some examples of products people publish on Amazon:

· Short stories and story collections

· Children’s picture books

· Cookbooks

· How-to books

· Novels

· Poetry collections

Amazon does have fairly strict quality standards, but perhaps not as strict as you might expect. They don’t really pay a lot of attention to the quality of the story or the content itself, but they do care about things such as formatting, length, spelling and grammar. Don’t expect to publish a 5-page report full of typos and get away with it.

Once you publish something on the platform, it will be available to anyone who has a Kindle device, as well as anyone who downloads the Kindle app to their computer or mobile device.

The Kindle app is available for both Mac and PC computers, as well as many different devices including iOS (for iPad and iPhone) and Android.

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