How Much Does Amazon Make a Second, Minute, Hour, Day, Week, And Month? (Full Guide)

As you sit there, pondering How Much Does Amazon Make a Second, Minute, Hour, Day, Week, And Month? You realize that maybe you could be making that kind of money too! 

If only you could get your hands on some of Amazon’s secret sauce. But alas, it is hidden behind a veil of secrecy (and probably several patents). 

Be the next Jeff Bezos…

Still, as you continue to think about it, you can’t help but feel inspired. Maybe there’s still time to become the next Jeff Bezos? You quickly dismiss that thought – after all, he was probably born with a silver spoon in his mouth. Oh well, back to reality. You open up your laptop and start browsing through Amazon’s website for some ideas on what to buy next… and stumble upon this guide!

 So, prepare to have all the questions you have been pondering and more answered!

What Is Amazon?

Amazon is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. 

How much will Amazon be worth by 2023?

This is a tricky question to answer, as Amazon’s worth is constantly changing. However, it has been suggested that their market value could reach $1.96 trillion by the end of this year.

Read more: How Long Is 60 Months

How Much Does Amazon Make a Second, Minute, Hour, Day, Week, And Month?

Again, this is difficult to answer due to the constantly changing nature of Amazon’s business. However, it is reported that each year the e-commerce company makes around $232.9 billion.

If we break that down, that means they make:

How much does Jeff Bezos make?

This is another difficult question to answer, as Bezos’ exact worth is unknown. However, according to Forbes, Bezos’ net worth was estimated to be $131.9 billion.

Who Is Jeff Bezos?

Jeff Bezos’ story is an inspiring one. He was born in Albuquerque, New Mexico, on January 12, 1964. His mother, Jacklyn, was a 17-year-old high school student at the time, and his father, Ted, was a bicycle shop owner.

 Bezos’ parents divorced when he was four, and he and his mother moved to Houston, Texas. He attended River Oaks Elementary School in Houston from fourth to sixth grade. In 1986, he graduated from Princeton University with degrees in electrical engineering and computer science.

How did Jeff Bezos Become Rich?

After college, Bezos was offered a job at Fitel, a start-up company that was developing a global telecommunications network, but after a while, he moved into the banking industry, working at various hedge funds, including D. E. Shaw & Co.

It was while he was working at D. E. Shaw that he came up with the idea for Amazon. In 1994, he quit his job and then moved to Seattle to start his new business. The company was initially founded as an online bookstore but quickly began expanding into other areas, such as electronics, clothing, and more.

The Big Amazon Idea Moment!

The idea for Amazon came to Bezos while he was on a cross-country road trip with his girlfriend, then wife, MacKenzie. He was reading a report about the rapid growth of the internet and realized that books were one of the few things that people would still buy online.

 So, he decided to start an online bookstore, which would be much cheaper to run than a brick-and-mortar store. He quit his job, moved to Seattle, and started Amazon in his garage. 

 Abra “Cadabra” as the say!

The company was originally called Cadabra, but Bezos changed the name to Amazon after a lawyer misheard him and thought he said “cadaver.” It was chosen because it was the world’s largest river, and Bezos wanted his company to be the biggest in the world. 

The first Amazon book was shipped in 1995, and by 1997, the company was doing $20 million in sales per year. In 1998, the company went public, and by 1999, its sales had grown to $610 million. In 2000, Bezos was named Time magazine’s Person of the Year.

 Amazon Today

Today, they are the world’s largest online retailer, and its sales have continued to grow exponentially. In 2018, it became the second company ever to reach a market value of $1 trillion.

Tips To Take From Jeff Bezos 

Even if you’re not looking to start the next Amazon, there are some things you can learn from Jeff Bezos’ story. Here are a few tips:

1 Follow your passion

Bezos was passionate about books and saw the potential for them to be sold online. He followed his passion and turned it into a hugely successful business. 

2 Think Big

Bezos didn’t just want to start a small online bookstore. He wanted to create the biggest retailer in the world. Thinking big helped him to achieve that goal. 

3 Be adaptable

The world of online retail was constantly changing, and his company had to change with it. Bezos was open to innovative ideas and adaptable to the ever-changing landscape. 

4 Take risks

Bezos took a substantial risk when he quit his job to start Amazon. It paid off, but it could have easily backfired. 

5 Persevere

Starting a business is not easy, and it takes a lot of arduous work and dedication. Bezos persevered through the early struggles of Amazon to build it into the success it is today.

How Much Does Amazon Make On Prime Day?

This is difficult to answer, as their sales on Prime Day vary year to year. However, in 2019, it was reported that they made $7.16 billion during the two-day event. So, it really is a worthwhile sale for them!

How Does Amazon Make Its Money?

The Amazon business model is quite simple. The company sells products either directly to customers or through other retailers. They also provide services, such as cloud computing and streaming video. However, the vast majority of its revenue comes from product sales.

Retail Products

The retail business is the heart of Amazon. The company sells everything from books and electronics to clothing and furniture. 

Customers can either buy products directly from them or through third-party retailers who sell on their websites. The eCommerce company also has a grocery business called Amazon Fresh, which delivers fresh food and other grocery items to customers’ homes.

There is no competition! 

In addition, it has a hardware business, which sells devices like the Kindle and the Echo. As the company is so large, it can bulk-buy products at a discount and then pass on the savings to customers. This makes the giant’s prices extremely competitive. More so than any small business can compete with.

Services

In addition to retail products, the e-giant also provides a number of services. The most well-known is Amazon Web Services (AWS), which is a cloud computing platform. AWS allows businesses to rent out storage space, computing power, and other services from them. 

The company also has a streaming video service called Amazon Prime Video. Customers who pay for a Prime membership can watch TV shows and movies through the Prime Video app. Not only do they offer a streaming service, but they also produce their own original content, which is available to watch exclusively on Prime Video.

Publish your book online!

Other services include the Kindle Direct Publishing platform, which allows authors to self-publish their books on the Kindle, and Amazon Music, a streaming music service.

Who is Amazon’s Target Audience?

Amazon’s target audience is everyone who shops online. The company has a wide range of products, so there is something for everyone. With the low prices and convenience of an online store, more and more people are shopping online, from those in the higher income brackets to those in the lower ones.

Share The Riches At Amazon!

Why not apply to work at the legendary company with our in-depth guide to the Amazon Application, as well as finding out What Does Amazon Jobs Application Under Construction Mean once you’ve applied, and finally, Does Amazon Hire Felons if you’ve had some trouble with the law in the past?

You might be interested to learn more before you apply, so check out How Many Employees Does Amazon Have, Does Amazon Give Raises, or if you have a criminal record, you’ll need to know what the Amazon Background Check Policy is, along with Does Amazon Hire Felons?

It’s also worth checking out a few employment policies that Amazon has, including the Amazon HR Policy, and if you’re taking time off, check up on the Amazon VTO Policy or the Amazon UPT Policy, and to make your money back, the Amazon Mandatory Overtime Policy in 2023.

How Much Does Amazon Make a Second, Minute, Hour, Day, Week, And Month? – Final Thoughts

It’s safe to say that Amazon is a one-stop shop for pretty much everything. 

Whether you’re looking for books, groceries, electronics, or just about anything else, they are bound to have it. But it is worth remembering how much the company is worth, and now you do! But you may be thinking… “Could my money be spent elsewhere and support a small business?” Only you can decide!

Enjoy your Amazon shopping for endless choices!