Amazon made a huge $574 billion in 2023, with half of that from sales by third parties. This giant platform is full of chances for those wanting to make money online. It offers everything from selling your own products to using the Amazon Associates program. This article will show you 16 ways to make money using Amazon.
If you’re searching for a side job or a full online business, Amazon has many options. You can sell handmade items or publish books on Kindle Direct Publishing. With Amazon, you can find new ways to earn online and maybe even get financially free.
Sell Private Label Products on Amazon FBA
Selling private label products on Amazon’s Fulfillment by Amazon (FBA) is a top way to make money online in 2024. About 54% of Amazon sellers use the private label method. This means they make a product, add their brand, and sell it to customers.
Amazon helps with private labeling by offering tools to estimate sales, find suppliers, and list products. But starting to sell private label products on Amazon FBA has its challenges. You must find a manufacturer ready to work on your product’s design and production. This can be hard to do well.
Also, selling new private label products on Amazon can be tough. You need to make your product listings appealing and get people to visit your pages. With many similar products out there, it’s hard to stand out and get sales.
Even with these challenges, selling private label products on Amazon FBA is still a great choice for many entrepreneurs. By using Amazon’s tools and resources, you can get past the initial hurdles and build a successful business selling your branded products.
Publish Books with Amazon Kindle Direct Publishing (KDP)
Amazon Kindle Direct Publishing (KDP) is a great chance for new authors to publish their books and make money. It has over 90 million Prime subscribers in the U.S. alone. This makes it a perfect place for self-publishing.
Self-publishing with Amazon KDP doesn’t cost anything. Authors can upload their books and see them for sale on Amazon in just 24 hours. This has helped many, like Koorosh Naghshineh, Carolina Pla, and Samuel Arnold, make thousands a month without any publishing experience.
Success on Amazon KDP comes from knowing how the platform works. A book’s Best Seller rank shows how well it’s selling. Top-ranked books sell the most, but there’s a lot of competition. Books ranked from 1,000 to 30,000 sell well with less competition.
To do well on Amazon KDP, authors need to write great books. They should also make their titles and descriptions catchy and invest in good cover designs. By using Amazon’s huge customer base and self-publishing, authors can make a lot of money with their Kindle books.
Sell Wholesale Products on Amazon
Selling wholesale products on Amazon is a great way to make money online. You buy products in large quantities from manufacturers or distributors. Then, you sell them on Amazon. This method is used by 25% of Amazon sellers, making it the second most common way to sell after creating your own products.
Success in Amazon wholesale comes from finding the right products and brands at low prices. This way, you can make a profit. Research shows that 26% of sellers make over $5,000 a month, and 34% have profits over 20%.
Amazon Business also helps wholesalers offer discounts to big companies and nonprofits. This can increase your sales.
To start selling wholesale on Amazon, you need a resale certificate and to register your business. You also need an EIN number. It’s important to research suppliers, look at costs, and think about logistics to make sure you’re successful.
With the right steps, selling wholesale products on Amazon can be very profitable for online entrepreneurs.
Earn Commissions with Amazon Associates Program
Amazon’s Associates program is a great way to make money. You can earn by promoting products and getting a cut of the sales. Just share product links on your blog, YouTube, TikTok, or social media. You can earn between 1% to 20% of the sale price, depending on the product.
Many people join the Amazon Associates program, over 900,000 to be exact. But, you need to make at least three sales in 180 days to keep your account. You also need to have an active social media presence with followers.
As an affiliate, you get a share of the sales from your recommendations. The commission varies by category. For instance, you can earn 20% on games, 10% on luxury beauty products, and 3% on toys and furniture. There are also special rewards for certain actions, like $5 for each Audible trial sign-up.
Some affiliates make a lot of money, over $16,000 a month. But, success depends on making content that your audience likes. Using Instagram Reels and TikTok to show product demos can help increase your earnings.
Join the Amazon Influencer Program
If you have a big social media following, the Amazon Influencer Program could be a great way to make money. You can create your own storefront on Amazon. Here, you can feature products you love and recommend them to your followers. By sharing videos and product showcases, you can earn commissions of 1% to 20% on sales from your content.
Successful Amazon influencers can earn a lot. Some make over $1,000 in their first 30 days. Others earn between $2,000 to $4,000 or more each month. The amount you make can change, but it’s possible to earn a six-figure income.
To join the Amazon Influencer program, you need a strong social media presence. Focus on platforms like TikTok, Instagram, and YouTube. Amazon will check your application. They look at your follower count, how engaged your followers are, and the quality of your content. If you get approved, you can make “Shoppable” videos. These videos let your followers buy products directly from Amazon.
Being successful in the Amazon Influencer program means planning well and creating content regularly. Show products of different prices to attract more people. With the right strategy, you could become a successful Amazon influencer. You could earn a good income from home.
Retail Arbitrage: Buy and Resell Products
Retail arbitrage is a way for Amazon sellers to make extra money. They buy products from stores and sell them online for more. It’s great because you can make a lot of money quickly and it doesn’t cost much to start. But, you need to find products that not many others are selling to stand out.
About 25% of sellers started their Amazon business in under a month with retail arbitrage. Only 14% of those selling private label products were able to do the same. Many sellers, 36%, also run a wholesale business, and 21% sell private label products. Some also make money through dropshipping or selling handmade items.
The top products for retail arbitrage on Amazon are Beauty & Personal Care, Clothing, Shoes & Jewelry, and Home & Kitchen. Electronics, Toys & Games, and Books are also good choices. Selling these items can bring in profits of 15% to 20%.
To make money with retail arbitrage, sellers need to watch out for items Amazon doesn’t allow. They should use tools like pricing trackers and shipping solutions to help them. With a good plan, retail arbitrage can be a great way to earn more or even start a big Amazon business.
Best Ways to Earn Money Online on Amazon
Amazon is full of chances for making money online. It doesn’t matter if you’re an expert or just starting out. The giant e-commerce site has many ways to make a steady income. You can sell your own products or publish books on Kindle Direct Publishing.
One top way to make money on Amazon is through the Amazon Associates program. By joining, you can earn money by sharing products with your audience and getting a cut of the sales. It’s perfect for bloggers and content creators who want to make money from their work.
Selling wholesale products on Amazon is also a great choice. You can find products to sell at good prices and make a profit. The Amazon Influencer program lets you use your social media to earn money by promoting products to your followers.
If you’re creative, selling on Amazon Handmade or through Amazon Merch on Demand can be very rewarding. These platforms let you show off your skills and make a steady income.
No matter what you’re good at or what you like, Amazon has many ways to make money online. By checking out the different programs and using Amazon’s huge customer base, you can find your way to financial freedom and a successful online business.
Online Arbitrage: Source and Resell Products Online
Online arbitrage is a great way for Amazon sellers to make money. They buy products at a discount from different online stores and then sell them on Amazon for more money. By using sales, liquidations, and deals, sellers can make easy profits.
Like retail arbitrage, finding the right products is key. Tools like the AMZScout Online Arbitrage and Dropshipping Extension help by giving info on sales, margins, and competition. This makes it easier for sellers to pick the best items to sell on Amazon.
The Amazon FBA program makes things easier by taking care of shipping and customer service. This lets sellers focus on finding and listing products. With millions of customers already on the platform, online arbitrage on Amazon is a big chance for resellers.
By using online arbitrage, sellers can explore many product categories. From Home & Kitchen to Beauty & Personal Care, Clothing, Shoes & Jewelry, and more. With the right strategies and tools, online arbitrage can be a great way to make money reselling on Amazon.
Sell Handmade Products on Amazon Handmade
If you love making unique, handmade items, Amazon Handmade is a great place to sell them. It’s a community for artisans to share their work with people all over the world. Here, you can turn your crafting skills into a successful online business.
There are many perks to selling on Amazon Handmade. The 2022 State of the Seller Report by Jungle Scout shows that sellers can make more than 20% profit. Amazon Handmade also has a low 15% fee per sale, with no upfront costs. This makes it a good choice for small businesses and individual crafters.
Amazon Handmade gets 3.1 billion visits a month and 90% of U.S. shoppers have bought something there. Sellers can set up a custom shop and share the story of their products. This helps build a personal connection with customers.
To start, you need a Professional selling plan on Amazon and to pass a simple check. After you’re approved, you can list your handmade items. You can also use Seller-Fulfilled Prime to increase sales by up to 50%.
Amazon Handmade opens doors for entrepreneurs and artisans to grow their businesses worldwide. No matter your craft skill, like sewing or woodworking, this platform lets you show off your talent. And you can earn money doing what you love.
Monetize Your Content with Amazon Merch on Demand
Amazon Merch on Demand lets you make money by turning your creative designs into branded items. This service means you can sell custom clothes, accessories, and more without worrying about inventory or shipping. It’s a great way to earn without the usual business hassles.
With Amazon Merch on Demand, you can design t-shirts, hoodies, mugs, and more. Amazon takes care of printing and shipping each order. This lets you focus on making designs that your audience will love. Selling t-shirts and hoodies can bring in more money than other items, and your earnings grow with each item sold.
To begin, you need to apply and get approved for the Amazon Merch on Demand program. This might take up to three months because many people apply. After approval, you can upload your designs and set your own royalty rates, from 12% to 37% of the price. The more designs you make and upload, the better your chances of making steady income.
To do well on Amazon Merch on Demand, do your market research and make designs that look good. Also, keep up with Amazon’s rules and guidelines. By using Amazon’s big platform and your creativity, you can turn your passion into a profitable business.
Sell to Businesses on Amazon Business
Looking to grow your selling business? Consider the Amazon Business B2B market. It offers many features and tools to connect with corporate and government buyers. These buyers often make big purchases and return items less.
Amazon Business meets the needs of business customers with special pricing, bulk options, and certifications. This lets you reach a broader audience, including Fortune 100 companies and government agencies in the US, Canada, UK, and more.
Selling on Amazon Business can boost your sales and profits. Business customers look for discounts and quality products that meet their goals and social responsibility. You can also get lower fees on big sales and automate tax exemptions for buyers.
The chance to sell to businesses on Amazon is more exciting than ever. In 2020, over 55% of Amazon sales came from third-party sellers. More than 225,000 entrepreneurs made over $100,000 on the platform. By using Amazon Business, you can set up your selling strategies for success.
Resell Books on Amazon
Reselling books on Amazon can be a great way to make extra money. You can sell secondhand children’s books, comic books, or rare collectibles. Amazon connects you with readers all over the world. It’s easier to find cheap books and can be more profitable if you look for deals online or locally.
Amazon’s huge customer base is a big plus for reselling books. The platform sells over $3 billion in books yearly. It also owns 68% of the e-books market. This means you can reach many potential buyers by listing your books on Amazon.
To start reselling books on Amazon, use the Automated Pricing tool. This tool helps you set prices that match demand and what others charge. It’s a smart way to make more money and stay competitive in the online book market.
Amazon is a great place to grow your book resale business. With its tools and large customer base, you can turn your book love into a profitable side job or full-time career.
Dropship or Print-on-Demand Products
If you want to make money on Amazon without buying and storing inventory, dropshipping or print-on-demand could work for you. With dropshipping, you partner with a supplier. They send products directly to customers after they buy from your Amazon store. This way, you save on startup costs and can start small.
Or, you can use Amazon’s print-on-demand options like Merch by Amazon. This lets you sell custom clothes, accessories, and more without dealing with inventory. These services take care of making and sending out products. You just focus on creating cool products for your Amazon customers.
Choosing dropshipping or print-on-demand means you can make money on Amazon without the big upfront costs of traditional product buying and storage. Pick products that are in demand and make your listings stand out. This way, you can grow a successful Amazon dropshipping or print-on-demand business.
