Since Amazon’s IPO 20 years ago, much has changed. If you invested $10,000 back in 1997, it would be worth $4.8 million today. This week, the stock nears $1,000 per share. But even if you didn’t invest in Amazon back in the 90’s, there’s still hope for making money. Entrepreneurs are finding that Amazon is opening the doors for financially lucrative opportunities–on the sales side of things. And it appears to be working: Some retailers have been able to make millions by selling their products through Amazon.
Today, Amazon is considered the leading eCommerce company worldwide, accounting for more than 53% of US eCommerce growth as of 2016. And while the retail giant has gone on to acquire or invest in at least 128 different companies around the world, it still strives to create many new opportunities for individual sellers, too.