When it comes to online money makers, it doesn't get bigger than Amazon. Fortunately for any entrepreneur looking for a new way to make money, Amazon is an easy way to get started. They offer you different ways to share wealth using their platform. You might be surprised at how easy it is to become an Amazon seller or make a lot of money on Amazon.
There are many ways to make money on Amazon whether you sell or not.
No matter what skills or resources you have, here are some ways Amazon can help you generate income. Why Amazon? Amazon has made a huge market value of US $ 344 billion in the Internet market worldwide since its inception in 1994.
No e-commerce site makes more money. In 2017, sales on Amazon Marketplace reached about 20% of total e-commerce and retail sales.
There is money to be made on various online shopping platforms, but Amazon is recognized among others as the largest and most talked about option, whether you sell or earn money from products and services.
Amazon's customer loyalty is exceptional. Up to 89% of US consumers are more likely to purchase products from Amazon than any other e-commerce site. In its long history as an online store, Amazon has become a standard for building trust with its customers and increasing long-term loyalty. If you are looking for a way to make money online for the foreseeable future, Amazon may be a good option for you.
How to make money on Amazon?
1. Affiliate Marketing:
One of the easiest ways to make a lot of money on Amazon without selling anything yourself is as an Amazon Affiliate.
The Amazon Affiliate Program is the biggest bonus in the Amazon financial world. If you have access to the Internet, whether through a website, blog, or because you are a community organizer, you can earn money as an Amazon affiliate.
All you have to do is recommend products on Amazon that appeal to your target audience. If your audience follows that link and makes a purchase, you'll get a job. Usually between 4% and 10% of the product purchase price goes to Amazon affiliates. Joining the Amazon Affiliate Program is incredibly easy and can be very rewarding.
Key features An opportunity to earn a lot of money without selling anything yourself. It's easy to start and maintain. All you need is an online audience to start making money.
2. Handmade by Amazon:
If you thought Etsy was the only place to sell quality handmade goods, think again. At Amazon Handmade, you can sell clothing, jewelry, accessories, art, and other crafts. Amazon Handmade will give you a custom URL, which will make it easy for all your customers to find your store. Amazon makes things easier and cheaper for handmade sellers than other market accounts. You will pay $39.99 per month for a professional seller account, but this fee is waived for handmade sellers. Just pay a 15% referral fee on your selling price.
Key features Perfect for artists. Don't pay Amazon unless you get it from Amazon. Custom URLs in your subscription.
3. Amazon Marketplace:
Do you consider yourself an artist or a designer? Amazon Merch can be useful for you. Even if you are not an expert, you can create a large amount of money planning on this platform, as long as you know the traditional methods and have the management software.
You can sell t-shirts, hoodies and others that display your designs. You don't have to pay anything to sell your products on Amazon. Amazon takes responsibility for printing, shipping, packaging and customer support. All you have to do is create your account, upload your design and price, and write your details and colors. You will receive royalties on every product you sell. What you earn depends on how much the product sells for and how much it costs Amazon to sell it.
Key features Free upload and sell products on Amazon. Get your design into a product without having to manufacture or ship products or manage customer satisfaction. A product page on Amazon for your design.
4. Kindle Direct Publishing:
Are you a writer or do you have access to a writer's group? Publishing your work no longer requires the attention of a publishing house. Kindle Direct Publishing allows you to publish Kindle books on their platform. 70% of global sales revenue can be given back to you.
There is no limit to the choice of digital Kindle books on this platform. Hard copies can be printed. Good writing is the main source of income in this area. A few marketers will do wonders, but you need to create consistent content to be successful with Kindle publishing. In addition, your work must sell or you will have to manage all the sales because there is no agent or editor to help you spread the word.
Key features 70% royalties on sales with little to no money and no money other than the book itself. A lot of money can be made for writers. Hard copies and digital editions are available.
5. Fulfillment by Amazon:
Amazon FBA business is not a popular option when it comes to making money on Amazon. Still, it's a great way to make money without worrying about shipping or customer support.
Your products are stored in Amazon's warehouse, where they can make money for you on the Amazon market without having to do anything once the product has been shipped. Amazon Prime uses this opportunity to deliver products to customers quickly. By using Amazon's FBA program, you send your items to Amazon's central location and let them take care of the delivery. Customers won't know the difference, which is why most people haven't heard of this program.
As an Amazon FBA seller, you will be charged per unit, based on weight and size. You also pay a monthly maintenance fee if your product doesn't sell. Depending on what you have to sell, an Amazon FBA business may be a better option for you than selling directly on Amazon.
Key features Earn money from the products you sell without the hassle of packaging and shipping to individual customers. Cheap as long as your inventory doesn't last too long. A good way to work for a short time and get out of the middle.
6. Amazon Mechanical Turk:
If you want to make a little money without starting a big project, attract an audience, or sell anything, Mechanical Turk services can be useful for you. This is one of the easiest Amazon jobs to get involved with a small upfront investment. This process allows you to become one of Amazon's great army of remote workers.
Your duties may include participating in surveys and organizing and reviewing content. It's not a get-rich-quick scheme, but you can earn up to $15 an hour or more, and you can easily integrate these services into other programs.
For those who are looking for an easy way to earn some money, this program may be right for you.
Key features Earn money by doing small jobs around your other activities. You don't need to follow or create or sell products to make money on Amazon. These tasks are usually simple and fun.
7. Retail Arbitrage:
Have you ever seen a good deal at a Big Box store like Walmart and thought the price of something was really good? Shopping for discounted products can save you money if you use arbitrage to sell. Business judgment allows you to take advantage of the financial opportunities that big box stores offer to make a profit by selling these products on Amazon.
By using offers, coupons, etc., you can get a large percentage of revenue for many products. Using the FBA Earnings Calculator, you can use your phone to scan barcodes to determine if a given item is worth selling on Amazon. It takes hard work to be successful in commercial arbitration. If you think you can do it just by picking up clearance items when you see them, you're going to be disappointed. However, if you are interested in shopping for a business, you may find that you can make money (not just save) money.
Key features Make money by buying and selling, without doing anything yourself. Use your knowledge of local gifts. No special skills or large initial investment required.
8. Sell a service:
Selling or advertising Amazon products is not the only way to make money on Amazon. If you have a service to offer, you can also make good money on Amazon. Whether you're teaching music or a school subject, Amazon can help you connect with customers. You won't pay any advertising or startup fees, and there are no monthly subscriptions. All you need is general liability coverage with an event cap of $1,000,000 and a business background check. Services offered to landlords also require a background check. Amazon's margin depends on the services you provide and how much money you earn. If you don't want to manage your job posting, website creation, etc. yourself, Amazon can take some of that away.
Key features Sell your work where all your customers are looking: on Amazon. Make your work available without all the hassles of websites and ads. Pay only if you make money.
9. Create a brand:
Choose a product you like, order it from the manufacturer, put your logo and brand on it, and you will become a brand seller. List your product on Amazon at any price you find competitive. As an Amazon seller of your brand, you have complete control over your products.