14 Best Ways to Make Money on Amazon
Amazon is a Seattle based multinational company that is considered one of the best economically influential brands in the world. It is famous for providing a platform for digital marketing, e-commerce, and artificial intelligence. Amazon is considered to be a few of the biggest e-commerce websites in the world that offers much more than a diverse variety of products, including clothes and gadgets to books, accessories, and much more.
Moreover, it also offers several different ways to earn money. It requires a bit of consistency in the start, but once your pace is steady, you can continue to generate a decent sum of money. In this article, we will explore several different techniques to make money through Amazon.
1-Selling handmade products on Amazon
Amazon handmade is a feature that lets people sell their handcrafted goods on Amazon. To do this we need to fill an application form which asks us to specify our nature of work and production procedure of our products. Allocating a personalized URL to an individual offers a great incentive to aspiring artisans and makes it easy for people to locate their shop online. Plus, Amazon won’t charge you with any additional fees.
Another easy way to earn money on Amazon is to become an affiliate. If you have a blog or website, you can earn a referral fee for your efforts by recommending high-quality Amazon products to your followers. When someone purchases the product through your affiliate link, it consequently generates your income as paid commission.
Merch by Amazon allows you to sell your artwork and designed clothing. You just need to make an account online, upload and specify your product- making it ready for online purchases. The company will grant you a royalty on each design sold. The payment will depend on the product’s cost plus tax as well as Amazon’s expense for the provided services. Also, you can sell your published books on Amazon. Amazon’s CreateSpace service allows you to design your hard copies.
Amazon Trade-in is a program that allows you to make a decent amount of money from home. You may sell your used and unwanted items. You will receive a gift card in exchange for the used items. They notify you through email if your products are live in the trade-in store. Shipping is also free.
One convenient way to make some money on Amazon is to sell through Amazon FBA. You don’t need to worry about packaging or product delivery. You need to send your stock to one of the Amazon fulfilment centres. You are only charged per unit fee depending on your item’s weight or in case the product needs to be stored, you’ll pay a storage fee. In fulfilment centres, you can also work as a warehouse associate.
6-Amazon Mechanical Turk
You can also earn money by completing outsourced work on Amazon Mechanical Turk. Once you are a remote worker of Turk’s army, you can complete tasks like content moderation and verification and survey participants to help you in a way to make money on Amazon. The work timings are flexible and tasks are not very tedious either.
7-Amazon App Store
Amazon App Store allows you to make money by online means by selling your apps. You’ll need to create an Amazon Developer account. Once you are recognized, enabling you to publish your app across thousands of devices in many countries. You can start making money after Amazon tests and approves your app. Amazon offers several resources that can help you market and publicize your app.
Retail Arbitrage is also a smart way to make money on Amazon. In this method, you will purchase wholesale products from brands like Walmart, H&M, and Target at discount. And then resell these items on Amazon for a profit. Many people who make money on Amazon through retail arbitrage avoid paying the cost of imported products from a foreign state. They will head directly into stores and load up on products they intend to purchase and sell. As a result, many of them spend time skimming through deals and clearance items available at their local stores. It allows you to earn almost $200-$500 monthly.
Similar to retail arbitrage is another profitable way to earn through Amazon is online arbitrage. What’s different is that online arbitrage is that you’re buying products to flip on Amazon from other e-commerce marketplaces like eBay.
10-Amazon Skilled Services
You can also earn money on Amazon by providing skilled services online. Amazon Services can put you in touch with people who need to acquire your services. For example, a cook, a tutor, a pianist or guitarist, a plumber, or electrician. This is one of the easy-going methods to make money on Amazon, given that you’re able to clear a business background check included in the application. For provisions provided to homeowners, technicians are also needed to undergo background screening. This may be the most profitable means of making money on Amazon for free.
11-Earning through freelancing
Work from home is a freelancing incentive that Amazon offers. On its virtual location page, Amazon posts about a lot of job openings such as customer support representatives and technical support staff members. You can decide whether to work part-time or full-time depending on your convenience.
Amazon Flex is an opportunity for drivers. A car and license are all you require to start earning from Amazon without any sort of investment. The driver can choose their working hours and deliver for Amazon in their spare time. It is a convenient method to make money on Amazon without money.
CamperForce program is also another way of earning on Amazon. A CamperForce associate will choose an occasional or weather-dependent task in an area. When the season arrives, Amazon will allocate an area then you will have to store, pack, and collect Amazon packages within the allocated area in your RV.
14-Kindle Direct Publishing
You can also earn a good amount of money by publishing your own created books. These digital books can earn you up to 70 per cent in royalties from the sales. There is also a facility known as Amazon CreateSpace from which you can make hard copies of your digitalized books. Hence, selling them will fill your pockets if the books are interesting.
Practising one of the methods stated above and being consistent can help generate a generous revenue stream to pay for an upcoming vacation or even free you from the confines of that 9 to 5 cubicle. Amazon is expanding every year in size as well as in status. To smoothen the workflow for Amazon, a majority of these earning methods were proposed.
As stated above, you have plenty of methods to earn a decent sum of money on Amazon without investing any money yourself. All you require is determination and you will surely find a way to make money from the world’s uncrowned king of eCommerce marketplace.