Make Money On Amazon: 23 Best Methods Proven To Work
Do you want to learn how to make money on Amazon? Sure you do:
According to the statistics, Amazon makes nearly $640 million daily revenue. It’s hard to close your eyes and ignore such numbers, considering half of them are a reality due to third-party sales.
Who wouldn’t want to grab their fair share from profits of millions of dollars? Beware, though:
Earning lots of money on Amazon is not as easy as you might think initially.
Today, you’ll read the complete guide to making money on Amazon and discover plenty of valuable information:
- What are the most profitable ways to earn on Amazon?
- Can you make money on Amazon FBA?
- Should you try to make money with Amazon Affiliate?
- How do you make money on Amazon without selling?
This post contains affiliate links – read my affiliate disclosure.
Best Ways To Make Money On Amazon
1) Sell Your Own Private Label Products On Amazon
Selling your private label products is the best way to earn money on Amazon nowadays. Nowadays, the Amazon Brand Registry Program allows anyone to rebrand, create, and establish a new product on the platform.
Currently, most Amazon Sellers (nearly 70%) build their businesses by utilizing the power of private labeling.
The private label business model requires working with an existing item. You’ll choose an item, make product improvements, rebrand it with your business logo, and offer it to the buyers as your own.
Long story short, we’re talking about getting into the business of brand creation.
How To Start Selling Your Branded Products On Amazon
Before you decide that selling private label products on Amazon will be your new business, you should get familiar with the working process such business requires.
Firstly, you need a brand name with an active trademark. Registering the trademark is a must.
Secondly, you must live in the USA, UK, or Australia (visit Amazon’s Brand Registry Page to see which other countries can use this business model).
Lastly, you should prepare a list of categories to which your products will belong.
Once you do that, perform in-depth research. Carefully examine how many sales a product like yours will get on Amazon. Then, decide on a platform to manufacture your product (Alibaba comes to mind).
Next, you are ready to begin selling your product. Uploading stunning product images and writing descriptions will help you get ahead of the competition on the platform.
How Much Money Can I Make Selling Private Label Products On Amazon?
While selling branded products on Amazon is an excellent way to earn money, the opportunity provides a different income potential for sellers.
Some Amazon sellers make extra money through this online business – others get over $100,000 monthly.
Listing your own brand products for sale on an online marketplace like Amazon is one of the most popular ways to make money online selling. Don’t hesitate to utilize it to the fullest of your abilities.
2) Sell Wholesale Goods On Amazon
Becoming a wholesale seller is an easy way to make money on Amazon.
Doing a wholesale business will put you in a position to buy products in bulk quantities. Due to the large quantities, you’ll be able to get the products at a discount.
At first glance, getting products with enormous discounts promises lucrative profit margins. However, that might not be the case:
These days, most wholesale sellers tend to offer products at the lowest prices possible to beat the competition. If you decide to do the same, that will negatively affect your business revenue.
Storing your products in an Amazon warehouse might give you a better chance for success. Let’s not forget that doing wholesale business requires an upfront investment since you have to pay for the product you’ll sell later.
How Much Money Can I Make Selling Wholesale Products On Amazon?
Over 25% of sellers earn over $5,000 monthly selling wholesale goods on the Amazon marketplace. Unfortunately, no one can guarantee that you’ll become one of them:
After all, the competition is stiff, and working hard to beat it might not be enough.
Be careful when choosing the type of product you want to sell – your side hustle may not bring you money unless you find that product at the lowest price possible.
3) How To Make Money On Amazon FBA (Sell Through Fulfillment By Amazon)
Since we’re on the subject of storing products in Amazon’s warehouse, we should continue the conversation by covering Amazon FBA.
By all means, starting an Amazon FBA business is one of the top ways to make money online.
After all, this business model will free you from tons of working operations. Allow me to explain:
Getting into the Amazon FBA business means you’ll store your products in an Amazon Warehouse that will package and deliver the products once an order comes in.
Assuming your listings get the Prime Badge, your products will reach potential customers faster. Even if it doesn’t, using Amazon Prime will complete the job in a few days.
How To Make Money On Amazon FBA
You can earn more than well if you choose Amazon FBA as a business to build and develop.
At its core, Amazon FBA is a service that will let you use the platform’s resources to the fullest as a seller. On the downside, working with Amazon FBA will come at a cost.
For example, you’ll have to pay the fulfillment fees. Also, you’ll need to pay monthly storage fees if your products don’t manage to sell.
Different ways exist to handle all that – I suggest further research on the topic in your spare time before investing in a single product.
4) Flip Products With Retail Arbitrage
Don’t let the term arbitrage confuse you:
Flipping products with retail arbitrage for profit is a simple process.
Retail arbitrage requires finding products you like, buying them at a discount, and reselling them for a higher price.
In my opinion, developing a retail arbitrage business is worth the effort. However, thousands of people work in that field, and the competition will be fierce.
How Much Money Can I Make With Retail Arbitrage On Amazon?
Less than 30% of retail arbitrage sellers earn $5,000 monthly (or more) on Amazon. As you can guess, the rest make an extra income, not a full-time one.
While retail arbitrage is a great way to build a profitable Amazon business, finding success with it requires patience and effort.
5) Flip Products With Online Arbitrage
What’s the difference between retail and online arbitrage? Here is a big one:
Online arbitrage doesn’t require finding products at physical retail stores. Instead, the business model focuses on doing that with online eCommerce stores.
In other words, you’ll buy a product at a lower price from an online shop and flip it for profit on Amazon.
I suggest searching for products on eBay. More often than not, eBay will let you discover cheaper items you can resell for more money on Amazon.
How Much Money Can I Make With Online Arbitrage On Amazon?
Unfortunately, I can’t give you an exact number here – your earnings with retail arbitrage depend on many factors.
How much time are you willing to spend on this business idea? Will you try hard enough to find the cheapest items possible for your product listings?
Overall, scoring thousands of customer orders with online arbitrage depends on the person behind the business.
6) Make Money On Amazon With Dropshipping
Generally, dropshipping on Amazon is one of the best ways to earn on the platform.
Dropshipping is a business model where you sell products without keeping them in inventory. When an order arrives, a manufacturer or wholesaler will ship the product on your behalf.
We’re talking about an online business where a third party will handle most of the work for you. There is a downside to doing dropshipping on Amazon, too:
Your suppliers will cut a large profit margin piece.
If you want to do dropshipping with your online store and not on Amazon, I recommend Shopify as a platform to build and host an online shop.
Shopify has a free trial, so you can test it without paying anything upfront.
How Much Money Can I Make With Amazon Dropshipping?
Shall I give you the good news about the income potential of dropshipping on Amazon? It might be hard to believe, but that potential has no limits:
Assuming you find a professional, reliable, and trustworthy supplier, selling to a global audience through Amazon dropshipping will make you wealthy.
7) Sell Used Items On Amazon
Another option to make money on Amazon that you might not think about right now is selling old items you no longer need.
Believe it or not, old belongings are products that tend to sell more than well on Amazon. While you can always create things to sell, offering items you already have is also a valid business idea.
Keep in mind, though, that such a business will not succeed if you’re not big on transparency:
Accurately describing the current condition of the old items you list for sale is crucial to avoid complaints and returns.
So, what type of used items can you sell in your Amazon store? You can’t sell baby, clothing, or beauty items, but having a book product category is an excellent idea.
Related Read:
- 23 Places To Sell Old Furniture For Extra Money
- 25 Platforms To Sell Clothes
- 22 Sites To Sell Your Old Pokemon Cards
How Much Money Can I Make Selling Used Products On Amazon?
Will you put plenty of time into finding old books to sell? Furthermore, can you offer other products prospective clients can’t find easily in local stores?
Doing all of the above when selling old products on Amazon will increase your income constantly.
8) Create Your Items To Sell Through Amazon Handmade
Are you a creative person who constantly amazes the people around you with things you create from almost nothing? In case you’re, Amazon Handmade will be the perfect fit for your abilities.
These days, there is a large market for handmade goods. Thousands of people don’t mind paying more for unique products.
Depending on the cost of the materials you use and the time you spend creating handmade items, set prices that will make your effort worthwhile.
Getting your handmade goods on Amazon will showcase your products to a massive audience of potential buyers. Since you’ll offer products of your creation, top-notch customer service is a must to keep clients coming in for more.
How Much Money Can I Make With Amazon Handmade?
First and foremost, Amazon Handmade doesn’t accept anyone – there is an application process you must complete to join the program.
Once you’re in, you can earn better than expected:
Over 60% of handmade sellers make more than $1,000 monthly.
9) Sell Items Through Amazon Merch On Demand
To sum up, Merch By Amazon is a print-on-demand service available only to Amazon sellers. Relying on this service will allow you to place your unique designs on different Amazon products for sale.
For example, you can upload stunning designs on T-shirts, bags, coffee mugs, and any other product you like.
Starting such a business is relatively easy. But you should know that Merch By Amazon is among the most competitive fields.
How Much Money Can I Make Through Merch By Amazon?
Amazon pays a royalty fee on each sale you make through its Merch program. Expect a fee up to nearly 40% – the higher your selling price is, the more lucrative the royalty fee will be.
Creating unique designs and promoting your products on social media platforms will allow you to score more sales.
10) Sell On Amazon Ignite
Yes, selling educational materials is also an option for those who want to make money on Amazon. Many teachers and educational professionals monetize their knowledge using Amazon Ignite.
Long story short, Amazon Ignite allows teachers to make money by selling lesson plans, course printables, and other educational content.
Unfortunately, Amazon Ignite is a platform that operates through the principle of invitation. However, getting an invitation is not as difficult as you may think.
How Much Money Can I Make On Amazon Ignite?
I should mention that Amazon will charge you a $0.30 fee for every teaching material that costs less than $3.
An Important Update: You should wait a while to create an Amazon seller account to earn through Ignite – the program seems to be on pause these days.
11) Publish Your Own Books On Amazon Kindle Direct Publishing
Unsurprisingly, Kindle Direct Publishing is an opportunity thousands of aspiring writers benefit from daily.
Why wouldn’t they, since Amazon KDP allows them to be published authors?
A desire to be a writer is not enough to succeed in the field – you must develop your writing skills.
KDP will let you publish an eBook version of your fiction or non-fiction. eBooks are digital products you can sell multiple times and earn passive income.
How Much Money Can I Make With Amazon KDP?
The more books you publish, the more opportunities for sales you’ll have. Still, your earnings depend on different factors, including the type of books you sell.
Are you offering physical or digital books? Moreover, will you go after the market for low-content books?
Book content creators should make these decisions before listing new products to attract Amazon customers.
See Also: 40 Ways To Earn Extra Cash By Reading Books
12) Become An Amazon Affiliate
By all means, joining the Amazon Associate Program is one of the most popular ways to make money on Amazon. Why is that?
Amazon’s affiliate marketing program will allow you to promote many products to earn commissions.
Doing affiliate marketing has plenty of advantages, such as the fact that no product creation is necessary. More importantly, the working process is simple:
Once you join the Amazon affiliate program, find products you like and retrieve their affiliate links. Then, promote these products online to receive a referral fee when someone buys them.
How Much Money Can I Make Via The Amazon Associates Program?
Some Amazon affiliates earn extra income, while others make thousands of dollars monthly. Your future commissions depend on the following factors:
How large is your audience? Can you reach a bigger one by developing a relevant YouTube channel or TikTok account?
Hopefully, you’re researching the best practices and effective strategies to increase your Amazon affiliate commissions. You’ll need them, considering the commissions Amazon offers to marketers are between 4-10%.
While that’s not a lot, it will quickly add up if your offers and promotions reach a massive audience of engaged readers.
Before you become an affiliate marketer, ensure you understand the business model and how to make the best of it. This free training will help you build a successful affiliate marketing business online as a newbie with no experience.
13) Launch An Amazon Niche Blog
By all means, doing affiliate marketing is possible without starting a blog. Be that as it may, owning a website is always the better option if you plan to earn your living as an affiliate marketer.
Subsequently, building a site where you’ll publish product reviews and how-to guides that cover Amazon items is a great way to earn on the platform.
How Much Money Can I Make With An Amazon Niche Website?
Affiliate marketing is not the only way to monetize an Amazon niche site. No, you can also display ads, secure sponsored posts, offer services, etc.
Learn SEO to rank your website high in the search results, and your earnings might surprise you.
Nowadays, you can start a blog in less than ten minutes and with an upfront cost of a couple of dollars for a reliable hosting provider.
14) Apply For Amazon Launchpad
Do you consider the products you’re selling more than innovative? Does your brand stand proud and tall on the shoulders of a fascinating story?
If you can answer yes to both of these questions, I believe you’re ready to apply for Amazon Launchpad.
Sure, no one can guarantee you’ll manage to get into the program, but it’s worth the try:
Amazon Launchpad will give you access to more selling features and the assistance of a manager who will help you develop your business.
Seeing your brand on the Amazon Launchpad Homepage won’t hurt either.
15) Make Money On Amazon With MTurk
Joining Amazon Mechanical Turk will not replace your online full-time job since its earning potential could be better.
Those of you who need a bit of extra cash should see what this crowdsourcing marketplace has to offer:
Expect to earn money by completing small tasks and odd jobs, such as taking surveys, offering feedback, participating in research, data entry, etc.
How Much Money Can I Make With Amazon Mechanical Turk?
MTurk has its advantages, but there are way better paying online activities you can do these days.
Prepare to make $10 daily – you can earn more by playing video games or exchanging a gift card in the kiosk nearby.
16) Join The Amazon Influencer Program
Are there any Social Media influencers reading this article right now? Maybe you’re not one yet, but influencing is how you want to earn your living.
Great, joining the Amazon Influencer Program is a natural step to reaching your goal. The process of getting into this program might take longer than you expect:
Amazon wants to manually verify some aspects of your stand on Social Media before you get approval. Don’t apply to promote products through that program unless you have hundreds of thousands of followers.
How Much Money Can I Make As An Amazon Influencer?
Generally, the Amazon Influencer Program is a great place to earn money as a prominent influencer with an impressive social media following. Commissions rates vary – you can make up to 20%.
How To Make Money On Amazon Without Selling
17) Deliver Goods For Amazon Via Amazon Flex
I think it’s time to show you a way to earn with Amazon that won’t be happening online – working as a delivery.
I’m sure everyone knows that Amazon has its delivery service, Amazon Flex. It doesn’t take a genius to realize that you can become a delivery driver for Amazon and earn your income that way.
Amazon Flex program will help you make between $18-$25 per hour. Such a job will allow you to work as an independent contractor. And we all know that being one comes with tons of perks.
18) Work From Home As An Amazon Rep
Another work-at-home job you can make possible with Amazon is the position of customer support rep.
According to statistics, Amazon employs over 1,600,000 people. Some of them work full-time while others work part-time jobs.
The number of employees Amazon needs is even higher during the holiday season due to the increased incoming orders.
Long story short, the odds are in your favor if you want to get a job as an Amazon rep at some point in time. That might be your new weekend job!
19) Offer Services Through Amazon Services
What do you know – Amazon now has a developing interest in the gig and side hustle industry on top of everything else!
Are you familiar with Amazon Services? If you’re not, I’ll tell you that Amazon Services exists to assist entrepreneurs with offering different types of professional services online.
Quite frankly, it doesn’t matter what kind of skill set you have:
Signing up for Amazon Services will help you monetize them.
There is no need to visit Amazon Seller Central – creating an Amazon account is enough to get you started.
20) Get A Seasonal Job With Amazon CamperForce
To sum up, Amazon CamperForce is a job opportunity for RV Drivers.
Taking advantage of that opportunity means you can drive around the country, complete a job in an Amazon Warehouse, get your money, and take off to your RV vacation location.
Workers for CamperForce choose their hours and assignments. More often than not, their responsibilities are packing, picking, and receiving.
21) Work In Amazon Distribution Or Fulfillment Centers
Next on my list of Amazon jobs that don’t require selling is a position in one of the many Amazon distribution or fulfillment centers.
Such a job doesn’t involve driving or delivering goods to an address.
No, it’s more about packing, storing, and shipping items for Amazon and third-party sellers.
22) Use Amazon’s Trade-In Program
Honestly, the trade-in program I’ll tell you about doesn’t provide a way to make money on Amazon.
However, it will allow you to earn Amazon Credit by trading things and items you no longer need.
Old devices will become valuable when you exchange them for Amazon Gift Cards. Expect to receive around 30% of the price of the item you’re willing to trade.
23) Do Freelance Work For Sellers On Amazon
Let’s think together and imagine the workload of anyone with a professional selling account on Amazon.
I think we can agree that these are busy people. Likewise, many will need help with managing different aspects of their businesses.
What if you’re the one to get paid for virtual assistance or photography services?
Consider creating a free account on Fiverr and finding clients willing to pay well for the valuable help you’ll provide to their business.
Make Money On Amazon: My Closing
By all means, these are probably not the only ways to earn on Amazon. The platform is evolving, and so are the work opportunities it provides.
I’ll update this article with more relevant information as soon as such appears. Until then, I’ll give the word to you:
Do you have any questions on this topic? And what are your favorite ways to make money on Amazon?
Let me know!
See Also: