Today in this article, we are going to talk about how to make money from Amazon. Yes, that’s true and very possible. We can even make money from Amazon.
Now, Amazon is just not a random website where you generally go and shop. It is much more than what an e-commerce site does. Amazon has even started producing more TV Shows and Movies via its Amazon Studio. Also, they have entered in grocery business and Music as well. Amazon owns IMBD, Goodreads, Zappos, Twitch.tv.
Since the company is growing very well, it has a marketplace for even sellers. Hence, it is perfect for all those who want to earn some extra money by working at home.
Legit Ways to Make Money on Amazon
Let us now start the list and find out some working and legit ways to earn money from Amazon.
1. Sell Your Private Label Products
If you are looking to make money through Amazon, selling your own private label products on Amazon is a great way.
Private Label is more like manufacturing a pre-existing item, or we can say to manufacture the product that already exists with some improvements.
The main difference is that here, you are required to put your brand and logo on it so that the product will be yours and sell it to the consumers through Amazon.
If we talk about examples, you can see the example of Walmart and Target, which are the best example of private label brands. This whole process of making the products that already exist is going for years and is very common in many such brands and stores. It is also known as brand creation, or you can call it white labeling.
Now, because of FBA, Amazon is delivering some of the products in two days or even in some hours. You call it Amazon Prime. With this feature, anyone who is into e-commerce business can list their goods and make money from the sale on Amazon.
Let us read some of the advantages of private labeling:
- One can easily use a tool called Jungle Scout, and it is used to estimate the sales of the product that you are selling will make when it is listed on Amazon.
- It is also very easy to manufacture and source the products you are listing with the help of big platforms such as Jungle Scout and Alibaba’s Supplier database.
- Once you have finally created the product, you are all ready to sell it on Amazon via FBA. Because of this, you are not even required to ship your orders. Amazon will take care of it.
- Talking about how much money you can make selling your own private label products on Amazon, you can earn around $625 to $1,875 per month per product.
2. Sell Wholesale Goods
Selling wholesale goods is also an excellent way to make a good amount of money from Amazon. It is very similar to private label products in many ways. Here, you are selling wholesale and hence, purchasing in bulk quantities of products to sell via Amazon’s FBA network. Since you are not doing your own labeling here, your work will become a little easier.
You can simply sell other companies’ products without worrying about branding and manufacturing them. And it is also one of the most common ways being used by many sellers to make money.
By following this method, you can make around $3,000 to $4,000 per month. However, if you are starting it, you might face some difficulty in making money as it doesn’t have a lot of scalabilities, and it has a more significant scale competition too, as many people will be selling these products. They can even have some better strategies as compared to what you are using.
But the chances are that you can still make enough money if you work with the right strategies and if you give better pricing to the products as compared to your competitors.
3. Publish Your E-books
e-Books are all you need to write to make a good amount of money. And trust me, it is also one of the best passive ways to earn money from Amazon too. But yes, don’t think that all the money you receive from your e-book will be yours. Amazon will demand their cut, which can range from 30-75 percent of the listing.
Most people think that writing a book is a very long and boring task to do. After all, nobody has got enough time to do that. But if you do that, you will be able to earn a good amount of money.
It is not as boring, not as hard as you think it would be. The subscription of a kindle membership is very low. It is only $9.99 per month. And there are loads of different niches books available on Amazon.
For publishing a book on Amazon, you don’t have to be an expert. You can simply opt for something you are really passionate about. You can write about anything and everything that you know personally. Be it related to your profession, your course, or even related to your passion.
Make sure that what you are writing makes sense and isn’t boring to read. In fact, it can be as short as 100 pages and very consumable. The only thing that matters is quality.
So if you are someone who enjoys writing, please consider writing an e-book on Amazon. Simply write a book and publish it with your name. Do good marketing as people should know about the book. You can earn as big as $40,000 per month. You just need to hit the right technique.
4. Retail Arbitrage
Now that we have learned private labeling, it’s time to learn Retail Arbitrage. To make it more simple for our readers, it is just the opposite of private labeling. In other words, we can call it buying a product for a lower price and selling it for a high. And it is working for many sellers.
According to the research, few sellers even make their whole living on just retail arbitrage. Many sellers even try to make it even more convenient for them by excluding the shipping cost. For doing that, they drive directly to the location from where they are required to buy products and load up some really easy and cheap products. They do this because shipping from China will be heavy on your pocket, and it can even eat your entire profits in the same cases.
They also spend some time and check all their local outlets and market and buy those items which they think can be sold best. They purchase those items and keep them on sale on Amazon.
For this, they use an app to scan all the items to check how much it is trending on Amazon. Then they add on their personal opinion, which generally comes from good experience and extensive research to decide what is going to work in the market.
Talking about this idea, we really can’t say that everyone can do it because it requires time, research, and skills in finding good items at lower prices—some people like buying it from their local market, some from the other websites and so.
Also, in many cases, you might have to drive to the place and load all the products that you are looking to buy to lower the cost of shipping. Also, keep in mind that there will be a lot of competition; it is going to be hard to scale where you will have limited options.
Talking about how much you can make through this idea, you can make any amount between $200- $500 per month.
5. Amazon Flex
If you have noticed while ordering products from the website Amazon, you will notice the plain-clothed delivery associates delivering your products. Amazon has started their same-day or two-day delivery, and due to this, people are ordering more often from Amazon.
Because of this, Amazon needs more and more people to help and contribute to delivering their products to metropolitan areas.
Just in case if you don’t want to spend time in front of your computer, but you have some vehicle like a car and a good working smartphone, you still have a chance to earn through Amazon Flex.
You can simply deliver the products through Amazon Flex. The website is ready to pay between $18- 25 per hour to those people. Now, if you are interested in it, you need to start it by downloading the app and answering some simple questions, and hence, you will get started. If you have time and let say you have 5 hours working time and you are already done with it in 3 hours, you will still get paid for 5 hours.
You can also opt for your timing, as Amazon is flexible with this. The only problem you can face is the area. You must live in a metro city, and even if you are living in a metro city, you must be comfortable with the area, and if in case you are not, you won’t be able to get the job.
6. Apply to Amazon Handmade
If you are someone who is into craft and art, then this option will for sure suit you. Since technology and the internet have become the talk of the town these days, even the things that used to sell in the traditional market like handmade arts such as bags, wind chimes, jewelry, etc can also be sold on Amazon.
This will compete directly with Etsy and eBay. Like every other way, this way of earning also has its own advantages and disadvantages. Since the general reach of these products is larger than others, the commission fee will reflect it.
If you put these Handmade things on Amazon, the fee will be higher than Etsy as they are charging 15% of the commission and a $1 referral fee, which varies. And as compared, Etsy is charging a 3.5% commission and 20 cent item listing fee. In this case, Amazon is asking for a higher price, but if you want to target a worldwide audience, you need to pay them and keep low-profit margins.
If you are interested in making these handmade items and selling them, join handmade. Still, you can do that if the product you are making falls in these categories, and Amazon is very particular about it, so make sure that the product you are making is entirely made by hand, hand-assembled, and hand altered. It even should not be assembled by any machine, and all these things will be checked before getting your product listed.
7. You can join Mechanical Turk
Mechanical Turk is very new for all of us. Among all those ways we have mentioned above, this one is totally out of the box and is different.
Basically, Mechanical Turk is a way through which you can earn some money by completing some easy and small tasks.
It is a crowdsourcing marketplace that was made to differentiate between the things that a human can do, and a computer can not do. In Amazon’s words, it is called a Human Intelligence task.
Mturk said it to a website – “If you have a functional cerebral cortex, an internet connection, and a few minutes to spare, you can pick up a handful of odd jobs and make a few bucks, pennies and nickels at a time.”
These ways include tasks such as categorizing, data entry, image recognition, transcription, etc. These things for sure won’t make you a millionaire overnight but for sure is worthy of such tasks.
8. Become an Amazon Affiliate
If I were to categorize it to my most favorite one, this would top the list for sure. If you are not someone who likes a 9-5 job, then making a blog or a website is all you need.
By doing that, you will qualify as the first step to becoming an Amazon affiliate. Note that Affiliate marketing is the best way to earn a really good amount of money.
Now you are required to become an Amazon affiliate and earn some commission amount by putting some special affiliate links of different products listed on Amazon.
Here, the key thing is that you are required to promote the products that are listed on Amazon with your website. The main aim should be to promote the product. E.g., if you are making a website about TVs, then you need to write about different TV available, and the link you are going to mention will be Amazon’s link.
Now whenever someone will come to your website and click on the link that you are listing, you will earn some amount of money, which can vary anywhere from 4% to 8.5% of a sale.
Amazon isn’t paying you a very big amount, which is why you need some larger amount of traffic. Suppose if you have a traffic of 5k visitors per day, then the chances are bright that at least 500-1000 people will click on that link, and whenever they do so, you will earn money.
This is indeed an excellent way through which one can earn as much money as they want, but it isn’t very easy, and that is why people get stuck here.
9. Amazon Trade-In
Amazon’s trade-in works like a barter system. It is easy, and to be honest, it will not make you going to earn some money but gift cards.
Yes, Amazon isn’t going to make you earn money in cash, but alternatively, they are providing you the gift cards if you agree to sell your used items.
You would be happy to know that earning a gift card is so easy. However, you are still required to do some tasks such as taking a correct picture of the item, taking the measurements, and writing a description that leaves an accurate image of the product.
You must be having a lot of old things that you do not use anymore, and by this method, you can simply earn some gift cards through them.
In simple steps, you are required to make a list of all the items, and Amazon will tell you an estimated amount of what you will earn from it. Yes, you won’t get money in return, but the Amazon gift card can make you earn a lot of things. You can buy your daily needs item and other such things from it.
10. Amazon Vine
Now, this is very similar to what we have learned in the Amazon trade-in. Like the method mentioned above, this Amazon Vine is also not going to give you money in return for anything. But here, you are required to write a review, and you will get free merchandise.
If you are someone who keeps on writing reviews for the different products on Amazon, then you are eligible for it. If in case you are not, then you won’t be a part of this program.
However, we have an idea for you. If you start writing the reviews of the product listed on Amazon, then you are required to write a detailed review through which people will get help, and they will give a like to your review. If you keep on getting good likes, then you will become eligible to get free merchandise and be a part of this.
11. Be an Amazon Representative
Last but not least, if you are not interested in any of these ways of earning money from Amazon, then this is the last way for you. As we all know, Amazon is trying to reach its target every day, and now they are becoming one of those largest employers in the world as well.
If we talk about stats, it has around 650,000 employees, which is not at all a small thing. And yes, not every employee of Amazon works at their headquarter in Seattle, Washington. Some of them also work from home.
If you are also among those who want to work through the home, then you have an opportunity to make around $30,000 per year if you work for a full-time rep.
Now the money you are earning will purely depend on your position. But for sure, if not much, you will still be making $15,000 per year as a full-time rep on Amazon through your home.
So these were some of the most common and 100% legit ways of how to earn money from Amazon. Even though you have a job and a good income from it, you can still try any of these ways to make some extra money for your everyday needs.
These ways are real, and people have tried and are also working on them and earning a good amount of money. In fact, not just part-time but many people run their homes through Amazon. If you also want to try making money via Amazon, go for it and make a good amount of money.
If you have any questions regarding this, please feel free to reach us, and we will get back to you soon.