14 Proven Ways to Make Money on Amazon
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Curious about turning your Amazon habit into a money-making venture? This e-commerce giant offers a myriad of opportunities for you to cash in on its marketplace. Here are 14 proven ways to dive into the Amazon profit pool and make money like never before.
1. Private Label Sales
One of the intelligent ways to make money on Amazon is to approach Private Labeling via FBA (fulfilled by Amazon). This method remains the top moneymaker, with about 59% of sellers using it. It involves adding your creativity to an existing product, branding it, and selling it to shoppers—a trusted way to create your brand and earn through Amazon’s vast customer base.
2. Kindle Direct Publishing
Let your dream of becoming a published author come true. With Kindle Direct Publishing (KDP), you can post your books and create digital content. With the potential to earn up to $40,000 monthly (although the average is much less), it’s a promising avenue for writers and content creators. Don’t worry if writing’s not your thing. You can still cash in with KDP by creating “low- or medium-content books” like journals, coloring books, or planners.
3. Reselling Wholesale Goods
If you prefer to resell products from other companies, Wholesale Selling may be a viable choice. You will buy bulk orders from different companies without worrying about branding. You have to find wholesalers that suit you and your target consumer. Approximately 61% of wholesale sellers make $5,000 or more in monthly sales, making it the second most popular way to generate income on Amazon.
4. Amazon Affiliate Program
With the Amazon Affiliate Program, you promote other brands’ products listed on Amazon and earn a commission from resulting sales (1 to 3%). You can showcase the products on blogs, YouTube, TikTok, and other social platforms.
Amazon Associates hooks you up with unique links to share. Every time someone buys through your link, you pocket a percentage of the sale. It’s a savvy way to monetize without the hassle of managing inventory. Earnings can vary widely, from hundreds to tens of thousands of dollars per month, depending on the effectiveness of your promotions and the price point of the products you’re promoting.
5. Amazon Influencer Program
Becoming an Amazon Influencer is another path to explore. With your dedicated storefront, you can recommend products and earn commissions (very similar to an affiliate). This method has skyrocketed among influencers on platforms like TikTok, Instagram, and YouTube. They refer their followers to their Amazon storefronts, making it easy for viewers to buy the products they rave about.
The best part? You can still join the program even without a massive following. Just a few hundred followers and you are good to go!
6. Retail Arbitrage
For those who like hunting for deals, retail arbitrage involves buying discounted products from physical stores and reselling them on Amazon. The earning potential varies depending on your ability to find profitable products.
7. Online Arbitrage
Online Arbitrage allows you to purchase and resell products from other e-commerce stores. The amount you can earn is contingent on your efforts and the deals you discover. It will enable you to explore massive discounts from many e-commerce stores compared to retail arbitrage, where you might be limited to stores in your area.
8. Amazon Handmade
For arts and crafts lovers, this is the way to go. You can sell your unique, handcrafted products through Amazon Handmade. This platform offers exposure to a massive audience, with 63% of artisans earning over $1,000 monthly in sales.
9. Amazon Merch on Demand
Merch by Amazon allows you to create and put designs into the Amazon database. Amazon will sell customized products like shirts, coffee mugs, hats & more with a print-on-demand service.
10. Dropshipping
Not enough funds to invest but want to make money on Amazon? Dropshipping can be the solution. This method allows you to list products for sale without holding the inventory. All you have to do is list products for sale, and when a customer buys, you purchase them from your supplier at a lower price and have them ship them directly to the buyer.
11. Sell Preloved
You can also explore selling used products on Amazon. However, Amazon has specific guidelines for used items. Some categories, like clothing, baby, beauty, or grocery, are closed for used sales. But a category that’s a hit among numerous sellers is books.
While the earnings from selling used items vary, it can be a profitable way to make money on Amazon.
12. Amazon Services
Amazon Services allows you to offer your professional services online, connecting you with people seeking your expertise.
13. Mechanical Turk
Mechanical Turk is Amazon’s crowdsourcing marketplace, where you can participate in tasks for earnings, like filling out different surveys remotely, making between $6 to $10 per hour.
14. Remote Amazon Jobs
Amazon also offers remote jobs where you can work from anywhere worldwide as an Amazon representative. The earnings depend on your role and experience.
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