How To Make Money on Amazon – Top 10 Proven Methods

August 30, 2024 ashutosh

Amazon, the world’s largest e-commerce company, makes an estimated $830 thousand per minute. If you don’t have the e-commerce pro skills to succeed on Amazon, there are several great ways to do so, with or without selling.

There are four main ways to make money on Amazon: taking support opportunities, working for Amazon as an employee, becoming a partner or influencer, and selling items. Check out our full list of 10 money-making opportunities below.

How To Make Money Selling On Amazon?

While Amazon freelancers can make from several hundred bucks to a few thousand a month. This is the difference between high earners and low earners; we can see that product research and strategy are the deciding factors. Both Amazon Listing Optimization Services might be of huge help in enhancing the opportunities for your products’ growth and becoming a full-time source of income. Just think Amazon will turn you into thousands of dollars monthly. Lastly, you can use it to finance future ventures and you can always know the outcome.

1. Launch Your Brand on Amazon

Would you like to earn money by selling products on Amazon? The short answer is yes, while there are many ways to do this in the long run. The most effective way to make money is by launching a new brand

Launching your brand is easier than you think. Even if you have no previous experience, you can get started today.

To launch an Amazon brand, you need to keep these tips in mind:

Your brand name needs a registered trademark.
You must live in a country that Amazon supports (e.g. United States, United Kingdom, Australia, etc.)
Consider a list of the product categories your brand creates.
Place item photographs appearing as your symbol on the item and brand bundling.

2. Affiliate Marketing

The easiest way to make money on Amazon without selling anything is to work as an Amazon Affiliate. Amazon’s affiliate program, Amazon Associates, is a big name in making money from Amazon. You can earn money as an Amazon affiliate if you have an online presence, whether through a website, blog, or community moderator.

All you have to do is recommend products in a product category on Amazon that your audience will enjoy. You will receive a commission if your audience clicks on the affiliate link and purchases. Typically 4% to 10% of the product purchase price goes to the Amazon affiliate. The Amazon affiliate program is easy to join and can be very lucrative.

3. Amazon Handmade

If you think Etsy is the only place to sell great handmade goods, think again. On Amazon, you can sell handmade clothing, jewelry, accessories, art, and other artisan goods.

Amazon Handmade will give you a custom URL, making it much easier for all your customers to find your shop. Amazon makes things more convenient and affordable for handmade sellers than other selling accounts. You have to pay $39.99 every month for a professional selling account, but this fee is waived for handmade sellers. Just pay a 15% referral fee on your total selling value.

4. Amazon Merch

Do you consider yourself an artist or designer? Amazon Merch may be right for you. Even if you’re not an expert, you can create great designs on this platform that make money, follow cultural trends, and provide basic design software.

You can sell t-shirts, hoodies, and other items with your designs. You don’t have to pay anything to sell your merchandise on Amazon. Amazon takes care of printing, shipping, packaging, and customer support. First, create your account, upload your design and price, and write your description and colors. You get royalties for every design you sell. How much you get depends on how much the product sells and how much it costs Amazon to sell it.

5. Kindle Direct Publishing

Are you the essayist or do you have a group of writers? The help of a publishing house to get your work published. Kindle Direct gives you the power to distribute your books across the Kindle platform. You have more options on this platform than just digital Kindle books. Hard copies can also be printed. Prolific writing is key to making money in this field.

A few bestsellers can make a significant impact, but consistent content creation is key to success in Kindle publishing. Also, your work will have to be sold on its own or you will have to handle all the marketing yourself since no agent or publisher can help you.

6. Fulfillment by Amazon

Amazon’s FBA trade is not an exceptionally prevalent choice for making cash on Amazon.

This is a great way to make money without having to worry about shipping or customer support. Your products are stored in Amazon’s warehouse, where they can earn you money on the Amazon marketplace without you having to do anything once the product is shipped. Amazon Prime leverages this program to provide items to clients faster.

When using the Amazon FBA program, you ship your goods to an Amazon center for delivery. Customers won’t even know the difference, which is why so many people haven’t heard of this program. As an Amazon FBA seller, you will be charged by units based on weight and size. You’ll also have to pay if your inventory doesn’t sell. Depending on what you want to sell, an Amazon FBA business might be better than selling directly on Amazon.

7. Online Arbitrage

Online arbitrage works just like physical arbitrage, except you will be purchasing goods online instead of in person. This can be a great option if you like shopping for the best deal but don’t want retail stores.

Generally, eBay is the best place to find the lowest-priced items. By bidding first, you can find products for much less than their retail price.

You can then sell these products on Amazon at a higher price. You can sell inventory quickly by offering a competitive rate on Amazon because you’ve saved a lot by shopping on eBay.

8. Amazon’s Trade-In Program

You won’t make money from the Amazon trade-in program, but you will get Amazon gift cards. Since almost anything can be purchased on Amazon, it’s worth the money for most people.

This can be a great way to make a little extra money, so keep an eye out for a local garage sale or where you can find used items at a low price. You may get as much as 25% of the product’s original retail price as a credit.

Amazon is selective about what they take, so you’ll probably be better off if you participate. Specialty items or items with fewer suppliers are often in high demand. These can be found at garage sales or on eBay for cheap prices.

9. Amazon Influencers

Amazon Influencers is an affiliate program that is completely different from Amazon Associates. Amazon Influencers promote products on social media. If you have a strong social network or a web magazine, website, or group, the Amazon Influencer Program may be right for you.

Approved influencers get a unique URL on their Amazon page where they can show their followers the products you recommend. Whenever your followers on Facebook, Instagram, YouTube, or Twitter buy one of those products, you will get a commission. The trick is to identify which items each group of people may have and showcase them appropriately.

10. Be a Wholesale Seller

For the products that most people and businesses need, Amazon can often provide the most competitive prices, mainly due to its network of wholesalers. Wholesalers buy products at a discount because they buy in volume.

They can then sell those products on Amazon at the cheapest prices possible. It’s a competitive industry where wholesalers outdo each other with the lowest possible prices. You won’t be able to make significant income unless you have warehouse space to store products, so you don’t have to rely solely on the FBA program and storing products in Amazon’s warehouse.