Amazon is one of the biggest tech giants, which is omnipresent in all the market sectors like stationery, electronics, books, kitchen essentials, home furnishing, and even groceries. A diverse category of products with various options to compare and select makes it so popular. Also, the services provided by it has developed an excellent reputation and trust in users. But Amazon is not limited to selling products; it is always experimenting and trying new ways to expand itself in other fields just like a young entrepreneur. It also offers various programs to make money on amazon.
How to Make Money on Amazon
Many people today are successfully running their business and earning through Amazon. It clearly shows the trustworthiness and reliability of the platform. It is suitable for beginners who are willing to learn and earn together. If you are also interested in partnering and making money with Amazon, let us explore methods to make money on Amazon.
1. Become an Amazon Affiliate Member
Amazon affiliate membership is the most common and suitable answer on the internet about making money on Amazon. A lot of people are already using this method, and they are successfully earning money too.
Affiliate is best for you if you have a profound presence and influence on social media or the blogging world. If you have a good strength of the audience engaged by your content, you will easily make money on the Amazon affiliate program. The process is very straightforward; first, you will have to register yourself with the Amazon affiliate partnership program. After registering, you will get affiliate links for Amazon products. If someone buys through your link, you will get a commission of around 5 to 10 percent. If you have a tech review blog, then you can put your links in it and earn as people buy through your link. It is one of the best ways to make money on Amazon.
2. Amazon Kindle Direct Publishing
If you are a writer and want to publish books and earn money as well, don’t worry, Amazon is here as people around the world are spending more time on screens rather than books. It’s an excellent idea to publish your book on a platform like Kindle to maximize its reach.
Kindle Direct Publishing is the best answer to the question of making money on Amazon. On KDP, you can get up to 70 percent of royalties on overall sales. You can also print hard copies. But the only limitation here is that you will have to promote your book yourself, but that’s not a big issue as you can do it easily by digital marketing on Facebook, Instagram, and famous blogs. A little investment in promotion and a good book are two things you need to make money on Amazon.
3. Sell on Amazon
If you are searching ways to make money on Amazon, you have reached the best answer here, and it is buying products at a discounted price and reselling them on Amazon.
Suppose you have a fair amount to invest. In that case, this is a suitable method for you, or you are manufacturing or producing something. Also, you can take advantage of the Amazon platform by getting maximum exposure to your product. You can target the products which you can buy at a maximum discount and then sell on Amazon at a high price. If you produce something like textiles, pottery, etc., you can reach out to many buyers online and easily make money on Amazon by selling your products there.
4. Sell Your Skills on Amazon Services
If you have a professional skill that you can teach or sell online, Amazon has provided an excellent platform for selling your service and making money on Amazon.
People like Academic tutors, Carpenters, Guitar teachers, etc. can sell their services on Amazon after passing the background checks. In this program, you will have to pay some share to Amazon, depending upon the type of services you provide and the amount you earn. Share to be paid to Amazon is 15 percent up to 1000$ and 20 percent for more than that. It is one of the best ways to make money on Amazon.
5. Sell Your Products on Amazon Handmade
Many people who make good traditional and unique handicraft items and artisans can sell their products online and make money on Amazon.
Products like unique textiles, garments, accessories, jewelry, home decor items, and gift articles, etc. are very popular among people these days. The registration process is quite simple and easy, in which you have to fill an application form describing your work and production process. It will help you to reach out to the large customer base of Amazon to sell your product. You can also get custom links to the product and an artisan’s profile, which you can use to promote your products and your shop. This increases your sales and popularity as well.
The professional selling account costs 40$ per month but not for handmade sellers. Handmade sellers will have to pay just 15% of their total sales as revenue. It is an excellent way to make money on Amazon.
6. Merch by Amazon
If you can design products like t-shirts, hoodies, etc. then you can easily make money on Amazon without any investment. If you are a beginner, you should try this at least once.
To get started, you will first need to register yourself on Merch by Amazon platform after registration to create also upload a creative and unique design, select the specification and set a price to your product, and submit it along with the description. After doing this, your product will be sold by the Amazon marketplace. On each sale, you will get your share from Amazon. But the good thing here is that Amazon will handle all the processes like printing, packaging, delivering, customer service, and support.
Your earning will depend on various factors like product cost, tax, and other expenses provided by Amazon. A beginner can easily make money on Amazon by using Merch.
7. Become an Amazon Reseller
Amazon is a great marketplace for resellers. More than 200k resellers are actively working on the marketplace. Brands readily approach the resellers to promote and sell their products directly, which is very cost-effective compared to the standard supply process. The reseller also gets good opportunities to work with famous brands and can make a handsome amount of money with amazon.
Becoming an exclusive reseller of a brand is a great way to make money on amazon. When becoming an exclusive reseller of a brand, you can quote your price on the product without any competition so you can maximize your profit as per your wish. By becoming an Amazon reseller, you will be able to make more money than third party resellers because amazon has made several agreements with numerous brands to acquire products at a significantly low price. Overall becoming an amazon reseller is a great way to make money on amazon.
8. Amazon Influencer Program
The Amazon Influencer Program gives you the freedom to create your own page on Amazon. By which you can recommend products to your followers. You can showcase the products on amazon with a vanity URL. You have to promote the URL, so that, your followers easily reach them and can buy products you recommended. Once the purchase got succeed you will earn money.
Who will be eligible for this program? First of all, you must have Instagram, YouTube, Twitter, or Facebook account. If you are an Influencer across any category then you can participate in this program. Amazon will look at the number of followers and engagement metrics of your social media presence. If they found that you have a meaningful social media following, then you can qualify for this program. This is a great method to make money on Amazon. Learn more
There can be various ways to make money in the eCommerce business, and becoming an amazon partner to make money is one of the best methods; however, the methods listed above are the best and most popular ones. Amazon is a great platform that provides multiple ways to earn online. Many people are using Amazon as side income streams. You can also go for more than one method together to maximize your earning.
I hope this article would have helped you regarding your research on how to make money on Amazon. If you have any doubts or suggestions or you are already earning through Amazon, please share your experience in the comment sections and stay tuned for more updates.
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