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How to earn income from the Amazon clone app?
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In recent years, Amazon is the largest arena of the online commerce market. More than 197 million customers are using Amazon per month. The net worth of Amazon in 1997 is $468 million and is raised to $1.7 trillion in 2020. It is no surprise that net worth has increased tremendously during the pandemic.
This aspires many entrepreneurs to start a profitable e-commerce business with the Amazon clone app. Let me explain some of the common strategies to earn money from an e-commerce app like Amazon.
Commission-based income-generating model
For every purchase the customers make, let them pay a certain amount of money as a commission. You can set a commission pay percentage depending on the price, delivery options, and product type the customer purchases. Amazon charges a commission fee of 5-20% from customers.
Subscription-based income-generating model
Amazon charges a particular percentage of the amount from customers for subscribing to the app. The products the subscribed customers ordered will be delivered fast, that is before the standard delivery period. You can even charge some percentage from them on a monthly, quarterly, or yearly basis.
Flat rate-based income-generating model
You can collect a fixed amount of money from sellers depending on the monthly or sale rate. Amazon charges $0.99 per sale rate and a $39.99 monthly rate.
Affiliate-based income-generating model
You can offer an associate affiliate program that will let bloggers and website owners earn money.
Logistics-based income-generating model
The most significant portion of Amazon's income is generated from this model. A certain percentage of the money was to be charged from customers as a delivery fee.
Upon developing your e-commerce app using the Amazon clone script, implement these income-generating strategies depending on your business model.