How Much Is Amazon Prime If You Are a Student?Ĭollege students can register for a free six-month Prime Student plan trial membership. It's a good option for shoppers who fear they might get cold feet and want to cancel their Prime membership midway through the annual subscription. You're privy to the same perks as annual members. The monthly Prime membership fee is $14.99, for a total of about $180 a year (as opposed to the $139 year-long deal). So if you’re not ready to commit to an annual membership you can test the waters with the monthly Amazon Prime plan. The first 30 days of Prime membership is free.

Perks include free two-day shipping, access to same-day, one-day or even two-hour delivery on some orders, unlimited music streaming and photo storage, as well as access to Prime Reading (opens in new tab) (book and magazine downloads) and Whole Foods discounts and delivery. You're charged upfront, and the annual membership auto-renews every 12 months. The annual Amazon Prime plan membership fee is $139. Raising the price of a Prime membership could boost the company's revenue by $1.5 billion, according to BofA Global Research.If you haven't joined Amazon Prime yet, but are considering it, read on to learn more about the various plans offered, the costs and key perks. Driving that growth is the company's ecommerce dominance, robust advertising gains, and leadership in internet cloud and other storage services, Aaron Kessler, an equity analyst with investment bank Raymond James, said in a report. Other analysts expect Amazon's growth to pick up steam this year as the economy recovers from the latest COVID-19 wave. 'What's now clear is that Amazon must work much harder to generate future gains, especially as competitors are making much more effort with their omnichannel and digital services,' Saunders wrote. In the last quarter, Amazon's operating income dropped by nearly half, leading it to look in other areas for revenue growth - including raising its Prime price.

Operating costs are up by 12.9%, including a 10% rise in shipping costs,' Saunders wrote.

'Like all retailers, Amazon has faced inflationary pressures right across its supply chain and logistics operations and, even with its extensive volume, scale and characteristic efficiency it has not been able to mitigate the pressure. Supply chain bottleneck increases demand for truck drivers 02:08

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