If you’re searching for opportunities to earn money online, Amazon is at the top. Fortunately, for entrepreneurs in need of a fresh income stream, Amazon provides a straightforward starting point. They offer numerous ways for individuals to partake in the platform and benefit financially. You might be astonished by how effortlessly you can become a top seller or generate substantial earnings on Amazon.
Amazon can be beneficial in generating income, regardless of whether you’re actively selling or not, as there are numerous avenues available to make money on the platform based on your skills and resources.
Why Amazon
Since its establishment in 1994, Amazon has generated a gross market value of 344 billion US dollars globally, making it the most lucrative online marketplace. In 2017, the sales made on the Amazon Marketplace constituted approximately 20% of all ecommerce sales in the retail industry.
Amazon is the largest and most versatile option among various online shopping platforms to make money, regardless of whether you are selling or generating income from products and services.
Amazon has built an exceptional level of customer trust, with 89% of US customers demonstrating a preference for purchasing products from Amazon over other ecommerce sites. Throughout its lengthy existence as an online marketplace, Amazon has established itself as a benchmark for fostering trust and cultivating lasting loyalty among its customers.
Amazon likely offers a favorable opportunity for individuals seeking a reliable approach to earning money online over the long term.
How to make money on amazon
1. Affiliate marketing
Making significant money on Amazon without selling anything yourself is one of the most direct approaches, which can be achieved by becoming an Amazon affiliate. Amazon’s affiliate program has an immense presence in the field of generating income from Amazon.
If you have reach online, whether it’s through a website, blog, or because you are community moderator, you have the capacity to make money as an Amazon affiliate. All you need to do is recommend products on Amazon in a product category that appeals to your audience.
Earning a commission is possible if your audience clicks on the affiliate link and makes a purchase. Typically, the Amazon affiliate receives a commission ranging from 4% to 10% of the purchased product’s price. Joining the Amazon affiliate program is straightforward and offers great potential for profitability.
- Opportunity to make a lot of money without selling anything yourself.
- Easy to get started and maintain.
- All you need is an online audience to begin generating income.
2. Amazon handmade
If you believed Etsy was the sole platform for selling high-quality handmade products, reconsider your thoughts. On Amazon Handmade, one can vend clothing, jewelry, accessories, artwork, and various other artisan items.
By providing a custom URL, Amazon Handmade simplifies the process of customers locating your shop. Handmade sellers on Amazon enjoy greater convenience and affordability compared to other selling accounts. While a professional selling account usually entails a monthly cost of $39.99, handmade sellers are exempt from this fee. Instead, they only need to pay a 15% referral fee based on their total sales price.
- Perfect for makers of artisan goods.
- Don’t pay fees to Amazon unless you earn on Amazon.
- Custom URL with your subscription.
3. Amazon merch
Are you someone who sees themselves as an artist or designer? If so, Amazon Merch could be a suitable choice for you. Regardless of being an expert or not, as long as you stay updated on cultural trends and possess basic design software, you have a chance to create profitable designs on this platform.
Selling t-shirts, hoodies, and various other items featuring your designs is possible without any cost on Amazon. Amazon will handle the tasks of printing, shipping, packaging, and providing customer support.
By simply creating an account, uploading your design and pricing it, as well as providing a description and color, you will receive a royalty for every sale your design makes. The amount you earn will be determined by the selling price of the product and the associated selling costs on Amazon.
- Free to upload and sell products on Amazon.
- Get your design on products without having to make or ship products or handle customer satisfaction.
- Unique product page on Amazon for your designs.
4. Kindle direct publishing
Do you possess writing skills or have a team of writers available? The need for a publishing house’s involvement is no longer necessary to get your work published. Kindle Direct Publishing offers the opportunity to publish Kindle books on their platform.
You have the potential to receive 70% of the royalties from all sales. Your options on this platform extend beyond digital kindle books, as hard copies can also be printed. Being prolific in your writing is crucial for earning money in this field.
To achieve success in Kindle publishing, having a few popular books can be beneficial, but it is crucial to consistently produce content. Additionally, your work must have the ability to market itself or you will be responsible for promoting it independently, as there are no agents or publishers available to assist in spreading awareness.
- 70% royalty on sales with little or no initial investment other than the book itself.
- Potential for very high income for prolific writers.
- Hard copy and digital prints available.
5. Fulfillment by Amazon
Despite not being widely recognized, an Amazon FBA business offers a remarkable opportunity to generate income on Amazon without concerns regarding shipping or customer support.
Once your products are shipped and stored in an Amazon warehouse, they have the potential to generate profit for you on the Amazon marketplace effortlessly. This program is leveraged by Amazon Prime to ensure quicker delivery of products to customers.
Many people are not aware of the Amazon FBA program because it seamlessly handles the storage and delivery of your items, making it seem like Amazon themselves are handling it.
If you choose to become an Amazon FBA seller, you will incur charges based on the weight and size of each unit. In addition, if your inventory fails to sell, a monthly storage fee will be applied. Depending on the nature of your products, opting for an Amazon FBA business may prove to be a more advantageous route compared to selling directly on Amazon.
- Make money from the products you sell without the hassle of packaging and shipping to individual customers.
- Very low-cost as long as your merchandise doesn’t sit on the shelves for too long.
- Great way to work for brief periods and take off in between.
6. Sell your own private label products on Amazon
Private label sales using Amazon’s Fulfillment by Amazon (FBA) network remain the most effective approach to earning money on Amazon in 2023, as approximately 59% of Amazon sellers continue to adopt this method for their business.
Private label refers to the practice of enhancing an already existing product, adding your own branding and logos to it, and subsequently marketing it to customers.
Private label brands, such as Target’s Mainstays and Walmart’s Great Value, are prime examples of the process known as white labeling or brand creation, which has been a longstanding common practice in numerous retail stores.
Amazon is able to deliver your products, which you may be familiar with as Amazon Prime, in two days or less, thanks to FBA. This is how e-commerce business owners can list their goods on Amazon and earn profits from the sales.
A number of advantages have made private labeling even easier for Amazon.
- First, you can use a tool like Jungle Scout — the all-in-one platform for selling on Amazon — to estimate the sales your product will make once it’s on Amazon.
- Next, it’s easy to source and manufacture your products with the help of platforms like Alibaba or Jungle Scout’s Supplier Database.
- Finally, after you’ve created your product, you can sell it on Amazon using FBA. You don’t even have to ship your own orders!
Approximately $625 to $1,875 per month per product.
More than half (56%) of private-label sellers generate monthly sales of $5,000 or higher, and almost three-fifths (59%) have profit margins exceeding 16%. Out of private-label sellers with a selling experience of over a year, 20% have accumulated lifetime profits surpassing $10,000.
7. Deliver goods for amazon
You are likely aware of Amazon’s in-house delivery service. However, were you aware that you have the opportunity to become an Amazon driver by joining their delivery fleet through the Flex program? Simply complete a brief questionnaire, download their app, and upon acceptance, you can immediately begin earning income.
Imagine it as Uber, but for delivering Amazon packages.
- How much money can I make on amazon working as a Flex driver?
Approximately $100+ per day.
Based on the information available on Flex’s website, drivers for Amazon receive an hourly pay ranging from $18 to $25, and shifts usually last for five hours. Additionally, it assures drivers that they will be paid for the full five hours even if they complete their shifts earlier. Earning over $100 per day, it seems like a favorable arrangement.
8. Flip store-bought products with retail arbitrage
If you were a viewer of the U.S. edition of “The Office,” you may recall the episode when Dwight purchased all the Princess Unicorn dolls during the holiday season. His intention was to resell them to procrastinating shoppers for $200 or even higher prices.
In essence, that is the basic concept of retail arbitrage. In the case of arbitrage, individuals visit retail establishments such as Walmart, Target, Barnes & Noble, and others in search of discounted merchandise to purchase. Subsequently, these items are resold on Amazon at a higher price.
The earning potential for this method varies.
Although retail arbitrage can be challenging to expand and face tough competition, it remains a rapid and cost-effective method to initiate earning on Amazon. The profit potential in retail arbitrage depends solely on your discretion, as you are free to generate as much or as little income as you desire. However, to thrive as an arbitrage seller, patience is a necessary trait. Frequently, sellers invest significant amounts of time scouring retail stores for products, only to end up finding nothing.
However, do not be discouraged by that! Many individuals begin their Amazon selling adventure utilizing this approach.
9. Work from home as an amazon rep
With over 1.5 million employees worldwide, Amazon stands as one of the largest employers globally. It should be noted that not all of these employees are located at the company’s main headquarters in Seattle, Washington. In reality, a significant number of Amazon employees are remote workers, able to enjoy the convenience of working from their own homes.
Around $40,000 per year, as a full-time rep.
Your income as a remote Amazon employee varies according to the role you hold. A brief Google search reveals that the majority of available positions pertain to data entry and customer service. Additionally, Amazon has implemented a minimum wage of $19 starting in 2022. Hence, as a full-time Amazon representative working remotely, you could potentially earn at least around $40,000 annually.
