As the largest online marketplace in the world, Amazon is not just a place to spend money; it’s also a platform you can utilize to make money. From selling products online to following a more traditional job in package delivery or customer service, Amazon offers several ways to make money. Given the size of this online marketplace, Amazon sellers have access to over 300 million customers worldwide, making it an ideal option if you want to pursue a new side gig or even a full-time position.
Make Money by Selling On Amazon
If you browse Amazon, you’ll find just about any product you’re looking for that is offered by independent sellers. You can be one, too, if you have a good idea, access to a supply of products, and a concrete plan for fulfilling orders. You can also use Amazon as an online sales channel for your existing business.
Excited to learn how you can make money by selling on Amazon? Read on to know how!
Identify Your Niche and Pick a Product/Products
With Amazon, brands can reach millions of customers, but it doesn’t come easy. You have to put a lot of effort into building a brand, and this requires upfront investment and energy. Start by considering what interests you and capitalize on knowledge of that specific industry. You can start selling a single product and gradually expand to different product categories. Just ensure that you select in-demand products that connect with your interests.
Purchase from a Retailer
If you’re good at sniffing out bargains, you can purchase products from a local retailer at a discounted price and resell them for a higher profit. To do this, you must have a good understanding of the market for the products you plan to sell, but if you’re a bargain hunter, it might be a fun hustle for you!
Buy Directly From the Manufacturer
Wholesale selling refers to getting products directly from the manufacturer or brand at a discounted cost and selling them in individual pieces at a markup. You can buy in-demand products in bulk at a lower price and use Amazon as your marketplace to sell them to customers.
Sell Your Handmade Products
Etsy is an online marketplace for artisan goods, but have you heard of Amazon Handmade? If you have a creative flair and a knack for making handcrafted items like artwork, jewelry, accessories, and so on, then you can sell them on Amazon Handmade. You can create your own shop for free; this program also has a fee waiver for a professional selling plan. You will have to go through an audit process to verify that you’re selling your own creations, and if it is accepted, Amazon will deduct the 15% referral fee for every sale.
Distribute Merch
If you want to bring your creative ideas to life, try Amazon Merch on Demand. Through this program, you can design custom apparel and accessories on a print-on-demand basis and ship them through Prime. Merch on Demand is a fantastic option for small-time content creators or those who want to make money from their creativity!
Sell Directly To Businesses
Amazon Business has an entire suite of tools and features to help you connect with business-to-business customers. Since they would generally buy in large quantities and return fewer items, you can sell faster. You can reach out to business customers with bulk selection options, customized prices, certifications, and other B2B features.
Make Money without Selling On Amazon
If selling is not your forte, do not worry; you can still earn through Amazon with non-sales-related opportunities. Here’s how:
Recommend Products
Through Amazon’s affiliate market program, Amazon Associates, you can monetize traffic through social media and other means by recommending products in the Amazon store. Through this affiliate marketing model, you can earn up to 10% in commissions, making it an ideal way to earn passive income.
Amazon Mechanical Turk
Also known as MTurk, this is a crowdsourcing marketplace where you can find virtual human intelligent tasks to complete for a fee. Some available jobs include data processing and analysis work, such as identifying objects in a video, transcribing an audio recording, or filling out a market research survey. To start, you have to set up a Worker account on MTurk.
Self-publish With Amazon Kindle
Thanks to Kindle Direct Publishing, you can self-publish a paperback or eBook for free. Once your book is complete, the publishing process will take only a few minutes, and your book will be posted in Kindle stores within 72 hours. You can also reserve the rights to your book and make any changes at any time. The final step is to set your price for the book and earn up to 70% royalties on sales!
Work In the Customer Service Team
Given the size and scale of Amazon, customers also need help with many issues. Amazon ensures that every user gets a positive experience by having a dedicated customer service team; you could be one of them. In addition to on-site opportunities, you can also find work-from-home offers.
Deliver with Amazon Flex
If you’re above 21 or above and own a vehicle, you can earn money by delivering Amazon packages. A great benefit of driving with Amazon Flex is that you can decide when you want to work. It also allows you to plan your schedule by allocating specific blocks of time you want to work for. These blocks range from two to four and three to six hours. You just need a valid driver’s license, necessary insurance, and a smartphone to get started.
Final Thoughts
Everyone is always looking for more channels to earn money, and e-commerce is an option many consider. Since Amazon is a trusted platform with millions of customers worldwide, it can be a good starting point to earn money. However, it doesn’t come easy – you must be prepared to put in a lot of work. Remember, focus on your niche, research your competition, offer competitive prices, and create a stunning portfolio of products. Once you do this, you can slowly start to generate money and achieve your long-term financial goals!
