Join The Associates Program
Do you know that you can make money without selling products on Amazon? Yes, with their affiliate marketing program, Amazon Associates. The affiliate marketing program is one of the largest in the world and is a great way to earn passive income online.
Do you have a wide reach or following online, either as a blogger, content creator, or website owner? Then you can make money from your traffic with the Associates program. As an Associate, you just recommend products and programs in any category to your audience. With a unique product link that contains your tracking code, youll earn a percentage of the total sale.
When your audience clicks on the affiliate link and purchases the product or service, you earn a commission on the sale. The percentage you earn for every sale depends on the product category.
How To Make Money On Amazon 9 Ways Rated And Explained
In this post, I will teach you 9 different ways how to make money on Amazon. Youll learn about the upfront costs and the revenue potential for each business model to determine if its worth your time.
Most people think of Amazon strictly as a place to shop online. But in addition to buying products online, you can also make money selling on Amazon as well.
In 2020, Amazon made almost 81 billion dollars in revenue from sales from 3rd party sellers.
Because the Amazon marketplace is so large, theres a huge opportunity for anyone looking to start a small side hustle or launch a full blown Amazon business.
The following 9 business models will be evaluated based on the following criteria. All ratings will be based on a scale of 1-10.
- Difficulty To Start How easy is it to get started?
- Revenue Potential How much money can you make?
- Startup Costs How much does it cost to get started?
Because there is a wide range of opportunity from affiliate marketing to selling private label products, the 9 ways how to make money on Amazon described in this post will be listed in order of lowest to highest in terms of money making potential.
Are you interested in creating a strong, defensible brand for your products? If so, I put together a comprehensive package of resources that will help you launch your own online store from complete scratch. Be sure to grab it before you leave!
Sell Products Under Amazons Private Brands
The program is an incentive for manufacturers to create their own brands with innovative products. Youll sell those products exclusively on Amazon as a private brand supplier.
Amazon guides you through the entire onboarding process, providing you with useful tools to create your brand. Youll also benefit from a suite of marketing support.
If youre unsure about what types of products will perform well, Amazon can facilitate product testing and customer feedback.
For those of you with direct access to manufacturing, becoming an Amazon Accelerator brand can be a great way to make some cash with substantial margins through this marketplace.
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Find A Wholesale Distributor And Sell Products From An Established Brand
Wouldnt it be nice to skip building your own brand and sell products from name brands? If this sounds intriguing to you, wholesaling might be your route to success!
In a way, wholesale mixes of #1 and #2 on this list.
Wholesaling on Amazon typically involves buying products in bulk from an established company to resell for a profit. The process of finding an excellent wholesale product would be identical to private label until its time to purchase.
Once youve found a perfect product, you would go directly to the brand instead of sourcing from a manufacturer and slapping your logo on it. Instead, youd purchase the inventory and ship it to Amazons warehouses under the brand name.
For example, Nike stopped shipping directly to Amazon in 2019, yet people still search for Nike gear. Hypothetically, you could research Nikes wholesale policy and apply to become a wholesaler. If approved, you could sell a globally recognized brand that people are already looking to buy.
Of course, this is dependent upon their approval, your ability to gain the necessary certificates and documentation, and the negotiated prices that impact your profitability.
Get Enthusiasticamazon Is A Huge Opportunity
. Its time to get on board and excited about it.
Dont just make Amazon part of a growth strategy.
Make it the growth strategy for your business.
Ive worked with an old-fashioned manufacturer that has been in business for several generations. Within 18 months they were selling more on Amazon than through their traditional channels.
How did they do it?
They didnt mess around when it came to .
They tossed their whole product line on Amazon, identified the services they needed to outsource and created new internal processes specifically for Amazon.
According to recent industry figures and Statista, Amazon is the leading ecommerce retailer in the U.S. with close to 178 billion U.S. dollars in 2017 net sales.
The majority of Amazons revenue is generated through ecommerce sales of electronics and other products, followed by third-party seller revenues, subscription services, and AWS activities.
Lets look at a few stats:
With 53% of Amazons items being sold through third-party retailers, and with a double-digit sales revenue increase YoY, Amazon is a good bet to grow your bottom line.
There are two ways to sell through Amazon:
Lets break each of these down and look at a couple case studies so you can determine which is right for you.
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Online Arbitrage: Buy Products Online And Resell Them Online
Want to make money shopping online?
Online arbitrage is similar to retail arbitrage. The main difference is that you bargain hunt and purchase your inventory online instead of in-store.
Arguably the descendent of retail arbitrage, online arbitrage has the appeal of being able to do everything retail arbitrage does but from the comfort of your home.
Fellow Helium 10 content writer Chuck wrote on several tools that online arbitrage sellers will find useful, from product sourcing to discount-finders, and perhaps most important for arbitrage sellers: price-comparison tools.
How Ranking The Buy Box And Sales Work Together
Because its customers trust Amazon and because they come ready to buy, Amazon has become one of the worlds leading online marketplaces. To keep up its reputation, Amazon wants to retain its customers willingness to buy and simultaneously guarantee the best shopping experience possible. Thats why a sophisticated algorithm evaluates an Amazon sellers quality and their products in various categories, so that they show up accordingly in a customers search rankings. In other words: Amazon lists products after calculating purchase possibility and thus keeps the respective buying process as short as possible.
A good ranking increases your chances to get into the Buy Box. That means your product will receive an Add to Cart button, which is usually found on the right side of the product page, next to the article. 82 % of all purchases on Amazon are carried out via the Buy Box. New products or those that have not qualified for a Buy Box will only show the various purchasing options again, which accounts for an extra step in the buying process and thus decreases the chances of a purchase.
Both aspects, product ranking and Buy Box, are therefore essential concepts for you, which you have to understand to successfully earn money with Amazon. At the same time, these two concepts present a clever and knowledge-hungry online seller with the chance to pull ahead of their competition and thus multiply their sales.
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Love Camping Become A Camperforce Seasonal Worker
Living your best life on the road?
Believe it or not, thereâs a place for you at Amazon. Amazonâs CamperForce program is dedicated to retired RV campers who want to make the most of their time on the road by handling deliveries as they go. There are full-time and part-time options, and the benefits are surprising.
If camping is your thing, this is a wonderful way to make some bank while you travel.
How Much Money Can I Make On Amazon With Online Arbitrage
The earning potential for this method varies.
The amount you can make with online arbitrage really depends on how much effort you put into the business. If you have trouble finding products online that will return a profit, you obviously wont make any money.
There are profitable deals out there, you just have to go find them!
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Sell Almost Anything On Amazon
Got some products that need pushin? Let Amazon customers take a look.
Listing items on the platform as a third-party seller can help you reach more potential customers were talking more than 206 million unique visitors each month, according to Comscore December 2018 rankings.
Here are a few examples of items you can start selling:
- Those stacks of books collecting dust in your home.
- Private-label products, which are generic products you resell with your own unique packaging and logo.
- Clearance items, eBay deals and Craigslist freebies youve hunted down.
- Collectable toys youve found at second-hand stores and antique shops.
- New clothes youve purchased off clearance racks at Target and other retailers.
Amazon offers a complete list of selling categories. Some categories require approval, so youll have to submit your request to list, then hang tight for about three business days until Amazon gets back to you.
There are fees to sell on Amazon. Amazon sellers can choose between two selling plans:
- With the individual plan, youre charged a 99-cent fee per product sold.
- The professional selling plan costs $39.99 a month, and it offers a few more perks, including the ability to sell in the U.S., Canada and Mexico. Youll also have access to more selling categories, including automotive, business, collectible coins, fashion jewelry, luggage or video categories to name a few. If youre operating under the individual plan, you cant sell these products.
Grow Your Online Business Today With Shopify
Amazon dropshipping can be a great way to increase sales for your business, whether youre a newbie or veteran. If you choose to include this dropshipping method in your Shopify store, we have all the tools to help you with dropshipping fulfillment, sourcing, pricing, and marketingbe sure to check out our top dropshipping tips, too. This way, you can become a more profitable online retailer and create the life youve always wanted.
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List Your Services On Amazon Services
Amazon Home Services is perfect for you if you are handy. You can list your services on the app, and claim jobs as they appear. Have you ever seen the option to purchase installation or assembly when you bought a large product? If you become an Amazon Services contractor, you become that person.
Unfortunately, due to COVID, Amazon is not accepting applications for their Home Services department right now. Check back in the future though for flexible side gigs!
Sign Up For Amazon Camperforce
This option definitely isnt for everyone, but its a unique way to make money on Amazon while living life on your own terms. Amazons CamperForce hires RVers for seasonal rushes in their warehouses across the country. If youre living life on the road but need some extra cash, consider joining CamperForce to work either part or full time as a picker, shipper, or packer with Amazon.
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What Are The Best Liquidation Auction Sites
To find liquidation pallets, your best bet is to search online. Many online marketplaces sell pallets, but you must do your research.
Many sites and deals look profitable, but you must understand the entire scope of the transaction, including:
- Is the pallet manifested or unmanifested?
- How much are the shipping costs?
With that said, the following liquidation sites tend to be the most widely used, especially when buying Amazon liquidation pallets:
More Amazon Money Opportunities
If you cant get enough Amazon credit, like me, here are a few other ways to rack up some free stuff.
Ibotta This is my favorite grocery shopping app. They pay cash back when you purchase specific items. Just scan your receipt when you get home and the money is deposited into your account within a few hours. You can then cash out with PayPal or for gift cards.
Best of all, you can earn $10 for every two friends you refer to Ibotta. Refer four friends and you have enough for a $20 Amazon gift card. Those arrive by email within a few minutes of making the request.
Ebates I love Ebates. Not only do you earn cash back for making online purchases, they also have a great refer-a-friend program. Its usually $5 per person plus bonuses when you refer 2, 10, 25 friends.
Until you hit a certain threshold, Ebates usually asks if you want to receive your quarterly payment by check or Amazon credit. Youll also receive a free $10 gift card when you sign up and make a qualifying online purchase.
Swagbucks This is another no-brainer. Its free to signup and youll earn Swagbucks, or SB, you can redeem for cash or gift cards to sites like Amazon.
As you can see, you have many opportunities to get some of your necessary or not so necessary purchases for free. Whats holding you back from making money referring your friends to Amazon?
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Cons Of Amazon And Dropshipping
Exposure of sales data. One risk you take using Amazons platform is that Amazon can see all of your sales data, from the items that sell best to how much youre selling overall. Amazon has been accused of using this data to identify great selling opportunities and strengthen its own involvement in the niche, ultimately pushing out other merchants selling through its marketplace.
Less long-term connections with customers. Its unlikely that youll be able to grow a long-term relationship with your customers. Amazon is more geared towards helping businesses sell products than building customer relationships. Be prepared to be severely restricted on how you can brand your business, display your products, and communicate with your customers.
No customization. Youre going to be really limited in terms of customization. Everything you do in terms of branding, UI, marketing, and everything else is under Amazons control.
Upfront investment. To meet Amazons fulfillment requirements, youll want to have products from the supplier in your inventory. This means youll need to invest money upfront in order to start dropshipping on Amazon.
Start A Marketing Agency
There are plenty of e-commerce start-ups who have all the expertise and energy needed to create and run their own businesses…but arenât particularly gifted in the area of marketing. If this is your thing, thereâs plenty of people who need your help.
You can make money by running social media campaigns on Facebook, Instagram, and TikTok for other sellers who are doing the *boring* work of managing and scaling an Amazon business. When youâre just getting started, you can find gigs on sites like Upwork or Freelancer.com, and even reach out to brands on Amazon pitching your services.
This is, of course, not recommended if you donât already have some experience in the field.
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Score Discounts For Amazon Reviews
Another cool way to essentially let Amazon pay you is to create an account at Snagshout. The site is completely free, and works by giving you access to a large marketplace of extremely discounted Amazon products, in exchange for an honest review of the discounted products you buy. We’re talking discounts that range from 50% to 90% off the original retail price. Surprisingly, some of the items are actually free or only cost 99 cents. You simply shop like you normally would, then after the item arrives, you’ll be asked to leave an honest review of the product. By doing so, you’ll gain access to another plethora of highly discounted items. If used correctly, you’ll be getting “paid” via huge discounts on items you’d hopefully be purchasing anyways.
While some of these tips require more up-front work than others, they all have the potential to be lucrative. This is especially true if you have a blog in place and can incorporate affiliate links into your content, or have inventory ready to sell directly to Amazon customers. In any case, the time has come for the folks at Amazon to start paying you on a regular basis.
Have you used any of these tips to earn money from Amazon? Did we miss any?
Start New Projects Quickly
Test fast. Fail fast. Course correct.
Amazon is constantly coming out with new tools and products.
For instance, Store Pages, Enhanced Product Content, Amazon Homemade and more.
As a general rule of thumb, in a large technology company invests in building something out, it isnt a bad idea to be an early adopter on the tool.
Doing this can help you to gain early visibility, traffic and sales and the company works to market the new tool.
And, you cant keep track of all the updates if youre head is too far in the weeds. Outsource manual, repetitive tasks and focus on growth.
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Author Your Amazon Success Story With Kindle Direct Publishing
Amazon famously began as an online bookstore. Since then, its continued to look for ways to revolutionize bookstores.
In late 2007, Amazon launched the initial Kindle. While most of the emphasis centered around the way we read, Amazon also looked to revolutionize book publishing with the Kindle Direct Publishing platform. KDP allows authors to publish their books directly to the Kindle Store independently.
Passionate writers no longer need to rely upon lengthy, expensive publishing companies for their words to reach the masses.
If youre willing to give Amazon exclusivity to your e-book, you can earn even more money through KDP Select. Utilizing KDP Select makes your e-book free for anyone with Kindle Unlimited. Authors get paid per page read, which can be incredibly rewarding and makes it possible to earn money in perpetuity for your writing skills.
Now that I mention it, maybe this article would look better in an e-book