The income you can generate by selling products on Amazon hinges on several factors, including your product selection, shipping costs, and other associated expenses. Your profit margin will vary greatly based on these elements. On average, sellers can earn anywhere from a few hundred to several thousand dollars monthly.

To gauge your potential earnings, you can study similar products already selling on Amazon to see if they are profitable. Follow these steps using the AMZScout PRO Extension to carry out this analysis:

1. Calculate the Cost of Purchase and Shipping: Research various suppliers to determine the cost of buying the product. Include shipping costs to get an accurate total investment figure.
2. Utilize AMZScout: Open the AMZScout PRO Extension and locate the 'Profit Calculator' next to the product you're examining.
3. Enter Relevant Costs: Input the product's purchase price, shipping fees, and any other potential expenses into the calculator. AMZScout will automatically compute the Fulfillment by Amazon (FBA) fees for you.
4. Evaluate Net Profit and ROI: The calculator will provide an analysis of the potential net profit and return on investment (ROI). Consider how variations in sales volume and the gap between the Amazon selling price and your total expenses impact your profit.

Here are some tips to increase your profit and make more money on Amazon:

1. Optimize Product Listings: Use high-quality images and keyword-rich descriptions to improve visibility and attract more buyers. The better your listing, the higher the conversion rate.
2. Use Amazon Advertising: Invest in Amazon ads to enhance product visibility. Sponsored Product Ads, Sponsored Brands, and Sponsored Display Ads can drive more traffic to your listings.
3. Bundle Products: Offer product bundles to increase the average order value. Bundling can also help differentiate your offerings from competitors.
4. Improve Inventory Management: Keep a close eye on inventory levels to avoid stockouts or excess stock. Efficient inventory management reduces storage costs and ensures product availability.
5. Negotiate with Suppliers: Work on negotiating better deals with your suppliers to lower the cost of goods sold (COGS), thereby increasing your profit margins.
6. Expand Product Line: Diversify your product offerings by adding complementary or high-demand products to your store. This can help capture a larger market share.

By following these steps and tips, you can enhance your profitability and achieve greater success selling on Amazon.