Have you wondered how to make money on Amazon?
Amazon has grown to become the largest online retailer in the world.
That’s not bad for a company that started in 1994, as an online marketplace for selling books.
In 2019, generated $280.5 billion in revenue. Included in the company revenue are third-party sellers that account for 50% of all sales on the Amazon marketplace.
The company has used the internet to its advantage to help people buy and sell goods and services from anywhere in the world.
Amazon is not just an online marketplace but also owns Amazon Publishing, Audible, Zappos, Whole Foods Markets, TeachStreet, Twitch TV, IMDb, Amazon music, and much more.
The company through Amazon Studios, produces movies, TV shows, multiple opportunities for people to earn extra money as a seller on the platform, and other work from home opportunities.
HOW TO MAKE MONEY ON AMAZON
Whether you are looking to work for Amazon directly, as a contractor, or as a side hustle, there are many opportunities provided for people to earn extra money with Amazon from a seller to a business owner.
Make Money on Amazon With Kindle Direct Publishing (ebook)
Anyone can self-publish a book or an ebook on Amazon, which is great for those people that have had something to write but were not sure of what to do.
If you have always wanted to write a book, this is the time to start.
If you are not sure what to write about, think of something you’ve always wished you could get across to others and begin writing.
Writers publish their work, which is then available in 24 hours to 48 hours on Kindle. The great thing with publishing through Amazon is that your book is available to be viewed by millions of Kindle subscribers within a short period.
As a writer, you are responsible to set your price but remember that Amazon takes a cut of each sale, ranging from 35 to 70 percent. You can expect to earn up to 65 percent. The more ebooks you write, the more opportunity to increase your earnings.
How To Make Money on Amazon Through Selling (Retail Arbitrage)
Selling on Amazon is a great way to earn extra income on the side or a full-time income.
Buying low and selling high for profit is called retail arbitrage – buying things cheap, and reselling them for more money. If you have the patience and love to find good deals, then selling on Amazon may be for you. You don’t have to be inside a brick and mortar store to buy things at a discount.
For example, I recently purchased a pair of shoes online and turned around and sold them for way more than I paid. Although I didn’t have to leave the house, you can search for the clearance isles when you go into the store to do your everyday shopping.
You can source your items from stores like Target, Walmart, Ross, etc., you’ll be amazed by the deals you’ll find.
Note: You will not be able to sell everything starting out.
In my experience, I wanted to sell diapers and tried to list them but I couldn’t. It was then I realized it was “gaited” for me. I had to go through the process to become “ungated” to be able to sell diapers.
I spent time getting all the documents they required but I was unsuccessful.
So before you spend thousands of dollars on a product, make sure it’s something you can sell.
Retail arbitrage is a great way to make money but it takes a lot of time to research and finds the right products to sell.
Related articles on how to make extra money:
- How To Make Money As A Teenager
- 25 Simple Ways to Make $500 Fast
- 20 Online Jobs For College Students
- 30 Online Side Jobs for Teachers
Make Money with Amazon Professional Services
If you are good at fixing things and putting things together, Amazon has the right platform for you, Amazon Services.
Amazon Services is similar to Angie’s List, it connects a person with a local professional in their area to help with the various task.
Amazon also allows skilled professionals to sell their services through the platform.
The list of services includes but not limited to:
- Appliance Installation Service
- Home Theater Services
- House cleaning
The professionals list their skills on the website and Amazon links them with individuals who need their service.
The nature of the services is categorized into pre-packaged or recurring services.
There’s no signup, subscription, or lead fee however, Amazon will deduct 15 to 20% from the deal.
Amazon is concerned about safety so background checks are done on the technicians.
How to Make Money on Amazon Through Affiliate Marketing (Amazon Associates)
Affiliate marketing is a great and easy way to make money online if you have a blog or website.
Affiliate Marketing is when you refer someone to a product or service online, and if they purchase through your link, you earn a commission.
If you have any type of traffic to your site, become an Amazon affiliate. Place your affiliate link to various Amazon products on your site and earn a commission when people click on the links and make purchases.
The idea is not to place a random link on your site waiting for click through. Let’s say you have a website about personal finance, you could write about organizing your finances and include links to a planner or books.
The commissions are not the greatest that’s why you need high traffic to increase your chances of people clicking through to Amazon. The higher the traffic, the more you can earn.
How To Make Money Through Amazon Handmade
If you are creative, Amazon Handmade is the place for you to sell your goods.
To sell on Amazon Handmade you’ll need to submit an artisan application. Amazon audits each shop before accepting them to make sure the items are genuinely handmade.
Additionally, what’s great about this program is that it does not allow violation of the intellectual property rights of brands or other rights of owners.
It may be more tasking to make money this way because you handcraft your products. However, the exposure of your products to millions of Amazon customers is a bonus.
How To Make Money On Amazon With Amazon Flex
Amazon Flex is a delivery service for Amazon. As more and more people shop online, UPS and the Post Office are unable to keep up with Amazon Prime and the one or two hour delivery time frame.
As a result, Amazon’s same-day delivery for customers has turned to independent contractors to deliver packages in some cities.
According to Amazon Flex, you can currently make between $18-$25 an hour.
To become an independent contractor, you’ll need to answer a few questions, have a reliable car, a smartphone, and be flexible and available to work.
A driver is required to schedule a block of availability, then pick up packages from an Amazon warehouse or Whole Foods Marketplace for delivery.
I have heard different views from people who have done delivery for Amazon, as with every job, there pros and cons.
Trade-in unwanted items with Amazon’s Trade-In program.
While this may not be a constant way to make money on Amazon, you can trade-in items you no longer use or need.
The Amazon Trade-In lets people trade ineligible items such as video games and accessories, gaming consoles, electronics, and more for an Amazon gift card.
So, if you have things in your house that you no longer use or need, consider trading it into Amazon.
However, not all items are eligible for a trade-in, there is a link in the Trade- In-store where you can search for eligible items.
You can check the condition and price of the item to know if you want to proceed with the trade-in.
This is such an easy way to make money on things that you have lying around in your house.
How can I learn to make money on Amazon with trade-In?
The information to learn about trading in your preowned items is found on Amazon’s Trade-In program.
How To Make Money on Amazon with the Mechanical Turk Program
Amazon Mechanical Turk (MTurk) is a crowdsourcing marketplace.
A computer cannot perform all tasks that why there’s a marketplace for human intelligence rather than artificial intelligence.
Individuals and businesses outsource jobs to thousands of workers who can perform tasks remotely. These tasks include anything from data validation, research, transcription, content moderation, participating in surveys, and more.
The minimum fee paid per assignment is $0.01 for completing an easy task so you will not make a lot of money.
The Mechanical Turk Program does not pay as well as other Amazon programs, but the more assignments you complete, the more money you make.
How can I learn to make money on Amazon with the Mechanical Turk program?
How to Make Money on Amazon With Your Private Label
Private Label is by far the biggest way to make money on Amazon but a more complicated way than just buying and selling.
Private label is generally manufacturing of a pre-existing product, and putting your logo on it, and selling it to consumers. This is a process that has been around for years and is a common practice in retail stores.
If you shop at SAM’s Club, you are probably familiar with their Member’s Mark products and Costco’s Kirkland products, these are examples of private label brands.
The advantage of having a private label is to reduce competition and gain full control of your product in regards to changing your listing or changing the product features.
On the other hand, you can create a new product from scratch and get it manufactured with your brand.
Check out The Selling Family, who earned over $100,000 the first year selling Amazon FBA. No experience is needed to set up your online store.
Where can I learn more about selling private label products on Amazon?
To learn more about how to make money on Amazon with private label products, Udemy offers a free course to help you get started: How to sell on Amazon FBA for beginners – 2020 Private Label.
How to Make Money On Amazon As A Social Media Influencer
The Amazon Influencer Program, unlike the Amazon Associates Program, this program is for social media influencers.
To qualify for the influencer program, you’ll need a YouTube, Instagram, Twitter, or Facebook account. Amazon reviews the account for engagement, followers, and type of content posted to determine if the account is a good fit for their program.
With the Influencer Program, you’ll get a storefront, essentially your URL to share products you recommend to your subscribers or followers.
When someone clicks on your link, makes a purchase, you’ll receive a commission.
Where can I learn more about becoming an Amazon Influencer?
How To Make Money on Amazon Working From Home
How to Make Money On Amazon Working From Home As A Customer Service Representative
Work from Home as an Amazon Customer Service Representatives
If you are looking to work from the comfort of your home, this may be a great work from home job opportunity for you.
All you’ll need for this job is a computer skill, a computer that meets their criteria, and a wired phone line. Amazon will send you the headset and phone needed for the job.
Although, this work from home job, this opportunity is not available everywhere. However, if there’s currently no listed opportunity in your area, continue checking from time to time as the site is updated as needed.
I worked as an Amazon Customer Service Representative in the Christmas season. It was not a difficult job. On the other hand, dealing with customers is not the easiest job.
How To Make Money On Amazon Doing Reviews
If you shop on Amazon and read a bunch of reviews before making a purchase, you may have seen reviews that say the person received a product in exchange for the review.
The purpose of the Amazon Vine program is to get fair and honest feedbacks from Amazon’s most trusted reviewers.
Essentially this is an invite-only program offered to some people who consistently leave reviews. The selection is based on the number of Amazon customers who find your review helpful.
This program does not pay cash just like the Trade-In program, but you’ll receive products in exchange for your review.
Make Money on Amazon Through FBA
FBA means simply means fulfilled by Amazon.
From the list of ways to make money on Amazon, FBA Seller provides the best opportunity to earn the most money.
How do you make money selling through FBA?
- Signup as a seller
- Buy your products in large quantities to make it worthwhile
- List your products
- Ship to Amazon
The main concern for an FBA seller is to get the products to the Amazon fulfillment center. Amazon then handles the shipping when customers make a purchase.
The FBA seller is charged for storing the products at an Amazon fulfillment center. The storage fee is based on the weight and size of an item.
There’s a percentage deducted for each purchase depending on the category.
TIP: Do your research before you start to sell on Amazon.
Factor in the cost of the product and shipping, before deciding on the price range to charge.
Make Money Through Merch by Amazon
Are you good at designing? You may be able to make money selling your artwork, t-Shirts, and more through Merch by Amazon. This a great platform to sell your artwork at no extra cost to you.
You’ll have to be approved by Amazon to upload your design.
Begin by creating an account, upload your design, set a price, select a color, and write a description. It’s so important to do your research before writing a description. A good description makes it easier for people to find your design. Each new account is allotted 10 slots.
When a product is ordered, Amazon is responsible for the production, shipping, handling, and all other customer service-related issues.
You’ll receive a commission for each item sold.
Make Money With Amazon CamperForce
Amazon Camperforce is a program that provides opportunities for RV’ers to make money. They assist the local workforce during the busy seasons.
Camperforce employees complete picking, packing, stowing, receiving, inventory control, and packing jobs at some fulfillment centers.
It’s not clear how much they pay but I have seen a minimum payment of $15 per hour. You can earn bonuses, overtime pay, up to $550 for Amazon designated campsite fees, and much more.
Amazon has not only provided a way to buy and sell products, but it has opened up many opportunities for people to earn money part-time or full time.
Whether you want to work directly as a customer service representative, sell a private label, write reviews, or offer your services, there are many ways to make money on Amazon.
Many of the ways to earn extra money on Amazon are flexible and convenient; this provides a great opportunity to see which opportunity fits best with you and your schedule.
Are you currently making money with one of these ways listed? Have you tried any of these in the past? Please provide a comment below of your experience.
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