11 Ways to Make Money on Amazon
If you’re looking to make a little, or even a lot of extra cash, then here are 11 different ways that you can do it with the Amazon platform. Now, some of these involve things like using your bank account and selling items from there – which is not always recommended as it takes time
1) Promote Amazon Products with Affiliate Links:
If you have a blog, website, or social media following, you can earn money by promoting your favorite Amazon products with affiliate links. As an example, let’s say that you love the book “The 4-Hour Workweek”, and so do your readers! Connecting through the Amazon Associates program can help immensely in this particular situation.
2) Sell Merchandise on Amazon.
Amazon has a large selection of merchandise that you can sell on their platform. You don’t need to set up an entire online store, just send customers to your own personal page or you can use the “Mercury” storefront type in order to have more control over the look and feel. The fee for selling items is around 15% but you get around 80% of the price that the customer pays.
Here’s how to sell merchandise on Amazon:
1) Click here to head to Seller Central . You will need to set up an account and verify your identity first, as with all of these sites. If you have trouble during this process, check out our article on what to do if your account is suspended on Amazon.
2) Find the product that you want to sell on Amazon.
To get a feel for how much money you can potentially make, go through the best-selling items or search for things that people are looking for in your chosen category. If there’s enough demand then there might be a chance for you to make some money through Amazon.
3) Decide on your profit margin .
In order to actually make cash from selling products on Amazon, you need to have a price that is lower than what a competitor has listed the same item for. The actual percentage of profit will differ depending on where you’re based and other factors.
4) Set up your offer to sell
Selling products through Amazon can be quite competitive so you need to make sure that your listing is the best match for what people are looking for. You need to include a great picture, some details of the product and its features, as well as where the item is being shipped from – including shipping times.
3) Resell Items You Find on Other Marketplaces
I’m a firm believer in the “buy low, sell high” concept. After all, that’s how I start my day with menial tasks like grocery shopping and finding items on sale to bring back into the house to resell for a little extra money (or even sometimes a profit).
Job sites are great places to find low prices on items you can resell for a profit on Amazon (and elsewhere). I like the fact that job sites can help me find just about any type of item I could imagine, from a house to an antique tricycle. If you’re lucky enough to live near a seaport or another large port city, you can find some great deals on products that have just been imported or are being moved from one place to another. It’s amazing, but you can always find bargains if you’re willing to look in the right places.
I’ve bought and sold a ton of items on Amazon FBA recently and it has worked out well for me. After all, you can turn a profit of up to 70% with FBA. However, I tend to find more success selling items on Craigslist and eBay for smaller profits than on Amazon.
Good deals are waiting to be had by anyone willing to look for them. This includes reselling the items that you buy at bargain prices. One of my favorite places to find good deals on items is at garage sales, estate sales, and even Craigslist posting where people are moving. You can often buy some really high-value items for very little money if you’re willing to put in the time and effort to search for them.
Good deals aren’t just limited to garage sales, though – I like to buy items from job sites. I’m always looking for a good deal on antiques and other very unique items that one wouldn’t expect to find in their everyday life. You can even find some pretty valuable products if you look hard enough.
One of my most recent purchases was a $10 vacuum that I bought for $3. I ended up selling it on Amazon FBA for about $40, which meant an instant profit of more than 250% (and in some cases, even more if you factor in the fees).
I love this type of find. It’s like hitting the jackpot when you find an item that valuable. This is just one of the many examples I could use to demonstrate the kinds of deals you can get if you’re willing to look in all the right places.
If you live near a major seaport, especially New York City or another large port area where products are always coming in and out, you can find some really amazing deals. I’ve found a ton of great stuff in my local seaport, but I’ve also purchased items from the internet at bargain prices and sold them for double or triple what I paid for them on Amazon FBA.
If you haven’t tried buying items online to resell on Amazon yet, try it out. You might be surprised by how much you like it!
4) Sell Your Own Branded Products on Amazon
One of the easiest ways to make money on Amazon, is indeed by selling your own branded products. The process requires you to set yourself up as a seller on the platform and then upload your products’ catalogue into their system. As an example, AliExpress are well known for allowing its sellers to sell their products directly from China – which in turn, at least for a lot of people, work out as being both cheaper and more convenient.
However, Amazon has also been known to allow its sellers to sell their products directly from the USA, with all the added benefits that it brings in terms of convenience and customer service. So it’s not just about making sales – you can actually make money by selling your own branded products and creating a brand of your own!
If there’s one word that you should keep in mind while pursuing this method, it’s branding. It has to be an established brand, or else customers will have no reason to trust you and buy from you instead of the other sellers who are also selling the same thing at a cheaper price. This is relatively easy if you’re selling some sort of self-made physical product – such as perfume – but may be harder for digital products such as ebooks. Some people make money by selling their own books on Amazon Kindle store and then promote them using paid ads on Facebook and Google – so do whatever works best for you!
You can set up a business account with Amazon and then sell products directly to your customers. This is one of the most popular ways to make money from Amazon, and many retailers have been using this method for years with great success!
Amazon FBA
Fulfilled by Amazon (FBA) is a program that allows you to become an Amazon seller without actually purchasing or storing any of their goods yourself. Instead, your items will be stored within their own warehouses, ready for shipping at all times should you receive an order. They even handle the shipment process through their very well-established network of carriers such as UPS and FedEx – which means that they also cover all the costs of getting your items delivered! All in all, it’s much more convenient and efficient than trying to deal with these things yourself.
You can even buy your own items, as well as receive discounts on shipping costs by using Amazon Prime Membership to order from them. The only downside is that you might have to wait for a little longer than usual (up to 2 days) before the items reach their destination. However, it’s still much more convenient and efficient than trying to deal with these things yourself!
The best part about FBA? You can use this method to easily make money through Amazon while also learning how to sell on eBay at the same time without having any experience or knowledge of selling online whatsoever! This is because you’re actually selling your goods from third-party sellers – but they’ll do all the work for you so there’s no need for you to have any prior knowledge of how to sell on eBay! Simply put, you just need to buy your products from Amazon and then list them for sale at a higher price. Easy as that!
The main benefit is the reduced time and effort spent on building a business, especially compared with going down one of the other routes (such as starting out with sales through social media). However, it’s also important to remember exactly who you’re selling your goods from – the third-party sellers. This means that you can’t expect high-quality items or anything too fancy here – they’ll often be used or refurbished ones instead.
Finally, there are two downsides in terms of pricing:
1) Some people make money by buying their own products and then selling them at a higher price on Amazon. While this can be very effective, it’s important to remember that because you’re using FBA , you’ll still need to pay a fee for the service on top of the item cost – which may end up consuming quite a bit of your profit margin. In fact, this is one of the main reasons why people make money by using FBA – their margins are much higher than what they would be through sales via other methods as seen below.
2) Some areas will have a lot more competition than others when it comes to making profitable products . This results in lower profit margins since there is fierce pricing competition between sellers in these areas. To maximize your profits from FBA, it’s also worth thinking about which category to find products in – and then figuring out if there are any demographic trends in certain areas that you can take advantage of. As a general rule, the most profitable areas will be items, electronics or other goods that are relatively easy to ship as well as store. The least profitable items tend to be things such as heavy furniture or appliances.
So when it comes down to it, Fulfilled by Amazon is a great way for those who are just starting out with selling online or even brand-new sellers who have never sold on eBay before! By using this method, they can both learn how to sell on eBay and make money through Amazon at the same time without having any prior knowledge of either subject matter. If you’re looking to make a little, or even a lot of extra cash, then Fulfilled by Amazon may be worth considering!
5) Self-Publish a Book on Amazon Kindle
If you have a passion for writing, then self-publishing your own ebooks can be a great way to make money from Amazon. You can write about anything that interests you, or perhaps even something that you’re good at. As with everything else, having more experience will help you get better results in the end – and because Amazon has such a large user base, people are much more likely to find what you’re selling if it’s actually useful or interesting.
Your earnings depend on how popular your book is. If it is good enough, then you could potentially reach #1 in your chosen category – earning thousands of sales and thousands of dollars each month as people continue to buy your work. Plus, once you have made some money from your book, you can then write more and make even more money.
While this is a great opportunity for those with some experience or an existing fanbase, self-publishing will still cost some money – because you need to create your own cover design, pay for editing work and so on. All in all it will probably be a few hundred dollars at the very least before you ever see any income generated from your hard work. However, if you have the time to put into writing your book and making it as interesting as possible then it could definitely be worth doing. You just have to remember that people don’t always like reading online books – so there may be something lost by not having a physical copy of your work available for sale.
6) Deliver Orders Through the Amazon Flex Program
If you’re looking for something that has a smaller time commitment, then look into Amazon Flex. Now, some of the given times may not be available at all times; however, they are there in order to strive to provide their customers with more drivers on a regular basis. If you feel like this is something that could work out for you or might work as a side job then go ahead and apply!
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7) Complete Tasks on Amazon Mechanical Turk
Amazon Mechanical Turk is a service that lets you earn money for completing tasks.
Thanks to Amazon MTurk , you can take on thousands of micro jobs known as Human Intelligence Tasks (HITs). Completing these small assignments earns money and can be done from anywhere.
The tasks available range from taking feedback surveys, writing descriptions or product reviews, tagging images, and transcribing audio clips to programming, graphic design and language translation jobs . Anything that a human can do a computer cannot is fair game on Mechanical Turk which lists millions of task requests every day.
Many different people use the site with some making full-time incomes by working through all the options available to them. Others use it simply as another income stream where they can make a few extra dollars.
As well as paying money for completing tasks, Amazon also rewards you with ‘Turk Credits’, ” an additional monetary incentive that is paid in addition to the value of the HIT “. Getting these credits is easy and all you have to do is pick a tag-word at the start of each task from a drop-down menu. The more difficult or time consuming the jobs are, the more Turk Credits you’re likely to earn.
Also, sometimes pay comes through on a bonus basis, which varies according to what’s being done and how quickly it’s completed . To ensure that people remain interested in working through these micro jobs when they could be doing something else instead – such as watching YouTube v ideos , playing games or browsing their favorite social media site – Amazon offer a range of different incentives.
When you sign up to the service, Amazon MTurk will give yo u an initial $5 bonus and then pay you acco rding to how much work yo u carry out . Typically, jobs are offered at a price of one penny per task or higher. If these don’t interest you, then you can also “make your own auction by posting your HITs for any price at all” .
On average, it’s estimated that between 10% and 20% of tasks on the platform earn over $1 which means that many people who use Mechanical Turk do in fact make good money from completing micro assignments. You may not want to rely on this for your sole income, but it’s certainly something that can work well as a second job.
However, if you do decide to use Amazon Mechanical Turk as a full-time option then be aware that it is not available in all locations and your credit card needs to have a US billing address. Also, never spend money on MTurk directly from your bank account or paypal balance because this could put restrictions on the amount of funds available there when needed elsewhere. If you need more information than is explained here then check out How To Use An ATM Card Abroad which provides useful advice regarding finding freedom with ATM cards while traveling abroad .
8) Sell Handmade Items
If you are a creative person, then making handmade items could be the way that you want to go – especially if you’re looking at making a little bit of extra cash. You can list these items on Amazon where there will be buyers waiting for your products. Now, you don’t need to just sell simple things like soap and candles but even if you make something more intricate such as clothes or jewelry, it’ll all work out in your favour.
You can find plenty of designs on sites like Pinterest as they have thousands upon thousands of ideas available. Simply do some research on what is successful and what people may be willing to pay for. Then get crafting!
9) Sell Your Professional Services on Amazon
If you have a professional skill or service, then one way that you can make money off of Amazon is to sell your services. Many sellers are now turning to Amazon in order to reach a wider audience and generate more income from their professional skill or business. If this sounds like something that you would be interested in, and it’s something that is completely legal for the state that you’re living in – there are several ways that you can go about selling these services on Amazon:
Define Your Skill Set First
Before starting with any plans to start selling your services on Amazon, it’s important to define what exactly those skills are. This will allow potential customers to understand where they could potentially benefit from hiring you as an extra resource. For example, if you’re a graphic designer it would be best to state that on your sales page.
One of the big benefits of selling your services directly on Amazon is that they have already built a solid marketplace for you to sell yourself and your services through. These are things like:
· Professional Profile Pages – This will allow potential clients to see what kind of work you’ve done in the past, as well as get a look at the reviews that previous customers left about their experience working with you.
· Helps You Build Credibility – With some companies becoming more knowledge-based than product-based, this can help sellers build credibility so that future customers may be more likely to trust them when making or possible future transactions.
· Alexa Toolbar – This can help make it easier for potential buyers to see what kinds of services you’re offering, and even allow them to start a chat with you directly through the toolbar.
10) Work for Amazon
Another option is to work as an independent contractor for Amazon itself. With this, you would be able to take care of your own taxes and any other necessary filings directly, but you’ll also get access to additional tools that can make it easier for you to sell a variety of different items on Amazon – including yours!
These kinds of options are great if you already have a large audience that may not necessarily need your services right away, but could potentially find them useful in the future. It’s always best to plan out these types of marketing efforts in advance so that potential customers will see what kinds of things they can expect from working with you before they even have the chance to hire you. This kind of transparency will help build trust between both parties, which can be extremely beneficial down the line.
11) Start an Amazon Consulting Business
One of the easiest ways that you can start an Amazon consulting business is to simply take your current knowledge and expertise, and begin offering it as a service. This kind of self-employment is becoming more popular by the day, as people are beginning to realize just how easy it is to get started on their own with very little overhead. While there may be some upfront costs associated with getting started – this should help make up for those costs very quickly once you’re able to land your first few clients!
How Much Can You Make on Amazon?
Amazon is one of the biggest online markets in the world, with billions of dollars being made each year just from selling items on this platform. It’s a great way to get some spending money, or even start your own business, because there’s millions of customers that visit Amazon every single day.
