The technology disruptor isn’t limited to retail now. Amazon continues to provide new ways to earn money by offering a range of products and services. We found 15 ways to put money into your monthly account via Amazon.
It’s not a single size that fits all businesses. Amazon provides steady work and careers, side hustles, and programs that appeal to different people. This article will assist you in finding out the various ways that people make money through Amazon. Let’s discover Ways to Make Money on Amazon in 2022
Table of Contents
- 1 15 Most profitable ways to make money on Amazon
- 1.1 1. Sell a Subscription Box
- 1.2 2. Retail Arbitrage
- 1.3 3. Sell Handmade Goods
- 1.4 4. Amazon Influencer
- 1.5 5. Affiliate Marketing
- 1.6 6. Sell your products with Amazon FBA
- 1.7 7. Amazon Merch
- 1.8 8. Wholesale goods can be sold on Amazon
- 1.9 9. Work from home as an Amazon rep
- 1.10 10. Private Label Products
- 1.11 11. Kindle Direct Publishing
- 1.12 12. Mechanical Turk
- 1.13 13. Amazon Trade-in
- 1.14 14. Amazon Flex
- 1.15 15. Work in one of amazon’s fulfilment/distribution centres
- 1.16 Related
15 Most profitable ways to make money on Amazon
1. Sell a Subscription Box
Subscription boxes such as Dollar Shave Club, Hello Fresh, and Birchbox have become major hits recently. Suppose you’ve got an excellent idea for the monthly service consumers want. In that case, Amazon has an invite-only program that allows sellers to list and sell subscription box items directly from Amazon without designing their delivery system.
To be eligible for an invitation from Amazon to join the program, you must be able to provide an all-inclusive subscription box with the capability to provide free delivery directly for customers within every state, including Guam, as well as Puerto Rico. In addition, Amazon states that sellers need to be able to sign up for a Professional Seller account to begin selling, but it’s not required to be a part of the program. The applicants are notified by email of the status of their application within seven to ten business days.
2. Retail Arbitrage
Buying inventory overseas means you’ll need to pay high shipping charges. A lot of sellers steer clear of this by using retail arbitrage.
Retail arbitrage is purchasing items from local stores and selling the items on Amazon to make a profit.
Visit nearby Walmart, Target, etc., and look for discounted products. After that, you can list those products and search for discounted items on Amazon with an added markup.
It is also possible to consider arbitrage on the internet. Purchase directly from these sites and enjoy free shipping. However, most of the time, the greatest deals are in stores. EBay is another excellent source to find cheap items to offer for sale.
3. Sell Handmade Goods
There’s a huge demand for hand-crafted goods. If you’re creative and interested in making things yourself, you can sign up with Amazon Handmade.
Sellers from over 80 countries are selling hand-crafted items on Amazon.
Amazon offers an application for artisans only and an auditing process. This guarantees that the items are truly handmade.
The pricing of handmade sellers is straightforward. There aren’t any hidden costs or listing costs at all. You only have to pay an affiliate fee of 15% to Amazon for every sale you make.
4. Amazon Influencer
If you’ve already got a significant social network, becoming an Amazon Influencer could allow you to earn some cash via commissions from advertising the products you sell on your Facebook, Twitter, or Instagram page, as well as on the YouTube channel.
Conduct surveys, write reviews, and create webinars. Participate in forums, market used items, provide professional service, or create your brands and become drop shippers; Amazon offers many options for those who want to make money at your home.
5. Affiliate Marketing
One of the simplest ways to earn substantial cash via Amazon without selling items yourself is by becoming an Amazon Affiliate. Amazon’s affiliate program is an enormous part of the Amazon business world of making money.
If you can reach people online, whether through your blog, website or as a moderator for a community, you’ve got the ability to earn money by becoming an Amazon affiliate. All you have to do is promote products on Amazon within a specific product category that is appealing to your readers.
If your customer clicks on the affiliate link and completes the purchase, you’ll get a share of the sale. The typical commission is between four and ten percent of the purchase price and is paid directly to an Amazon affiliate. Therefore, participating in the Amazon affiliate program is simple and extremely lucrative.
6. Sell your products with Amazon FBA
One of Amazon’s most effective ways to earn money is to market products through Amazon FBA.
FBA is a shorthand for “fulfillment by Amazon” FBA can be beneficial for sellers since it allows the power of Amazon’s distribution system behind your products. However, if you want to sell your products using FBA, There are some steps you have to follow:
- Find and purchase the product you want to sell. A popular way to sell merchandise on Amazon is using Alibaba or similar platforms to source products you can then private label with your unique brand.
- Become an Amazon seller. You can join Amazon Seller Central for $39.99/month.
- Send to Amazon. Ship your products via one of the Amazon fulfillment centers so that they will be able to deliver them to you.
- Let customers purchase. When someone buys your product from Amazon, Amazon website, Amazon will deliver the order on your behalf. It is possible to ship products yourself to avoid the Amazon costs, but FBA is the most effective way to market your product at the scale of.
If you can purchase products at a lower cost and mark the price up, you could earn money through Amazon FBA.
7. Amazon Merch
Do you think you are a designer or artist? Then, Amazon Merch might be the perfect fit for you. Even if you’re no expert in the field, you could be able to create amazing designs that can earn profits on the platform so long as you’re current on trends in the world of culture and are using the basic software for design.
You can sell t-shirts, Hoodies, and many other products that sport your design. You don’t need to pay anything to sell your product on Amazon. Amazon assumes responsibility for printing packaging, shipping, and assisting the customer.
All you need to do is sign up for an account and upload your design along with your price, and then write a description and description color. You will earn a fee for each design you sell. The amount you earn depends on the price your product is sold for and how much it will cost Amazon to offer it.
8. Wholesale goods can be sold on Amazon
Like Private Label Wholesale selling Wholesale involves buying large quantities of merchandise to sell via the Amazon FBA network.
The most significant distinction is that you’re selling products from other companies. Thus, you don’t have to think about manufacturing or branding your products.
For many sellers, it’s among Amazon’s most sought-after ways to earn money.
What is the maximum amount of money I earn by selling wholesale items via Amazon?
As high as $3,000 to $5,000 per month.
Although selling through Amazon has become more difficult over the last few years, it’s an excellent way to earn money.
9. Work from home as an Amazon rep
Amazon is fast growing into one of the biggest employers worldwide. After the acquisition of Whole Foods in 2017, Amazon currently has about 650,000 employees.
Naturally, that’s not the case employees work for Amazon’s corporate headquarters in Seattle, Washington.
Many Amazon employees are remote workers who work in their homes.
What is the maximum amount of money I earn through Amazon as a home-based worker?
Averaging around $30,000 per year as an employee full-time.
The earnings you earn when you work from home through Amazon are contingent on your position.
If you look at Google, It appears that most jobs available are in data entry or customer service.
Additionally, Amazon established a $15 minimum wage in the year 2018. This means that, at minimum, you can earn $35,000 per year as a full-time work-from-home Amazon representative.
10. Private Label Products
Another way to earn money from Amazon is by selling private goods and other services. There are many ways to use the private label facility on Amazon.
- Find a product that has great sales but no reviews. Unfortunately, many great products don’t receive enough positive reviews, so the sales suffer. It is important to know the sales of these products are, and then either agree to an agreement with the manufacturer or locate the same product, after which you can label it as yours.
- Offer a service or product to another brand with a proven track record to market it for you like it’s their own. Because they already have an established market, they can sell in exchange for a portion.
- Offer various versions of an item or service. For example, you could offer higher or less expensive versions of your service or product.
11. Kindle Direct Publishing
Are you a professional writer or a member of a group of writers? Publishing your work does not require the attention of a publishing company. Kindle Direct Publishing allows you to publish Kindle books through their platform.
70% of royalties earned from the total sales could go to the author. It’s not just about the kindle books available with this service. Printing hard copies is possible too. Writing skills are essential to earning money in this field.
A couple of bestsellers could make a difference. However, you’ll create a consistent flow of content to be successful on the path to success in Kindle publishing. In addition, the work you write will have to be able to market itself, or you’ll be responsible for all marketing because there is no publisher or agent to assist you in getting the word out.
12. Mechanical Turk
Mechanical Turk, or MTurk, as it’s known in short, is Amazon’s marketplace for crowdsourcing. It allows individuals and businesses to outsource work to a virtual team, such as research, validation of data surveys, and data entry.
If you can perform microtasks, then think about joining MTurk. The amount you can earn is between $0.10 – $1. Because the tasks are simple for you to do, you will be able to do as many jobs as you like. Sometimes, the work is tedious and monotonous. It’s your choice if you’d like to invest some time and earn a wage for it.
13. Amazon Trade-in
Amazon Trade-in will pay you in the form of an Amazon gift card when you are able to sell your used games, books, or gadgets. Therefore, technically, you will not earn money in the form of direct payment.
Selling used products on your own requires a lot of work, which includes taking pictures, measuring, and writing the descriptions for the item.
But, everything would go without a hitch with Amazon Trade-in. With Trade-you, collect your old items and receive an estimate of the amount you’ll earn via Amazon. It’s easier when you’re an avid Amazon customer since you can use Amazon vouchers to buy things you regularly use, like toilet paper, food items, and more.
14. Amazon Flex
(Make $18+ an Hour)
Amazon Flex is a delivery application that lets you manage an area and deliver deliveries to the location. The demand for your services is contingent on where you live; the payment is contingent upon the number of people who love Amazon within the region.
You’ll need to record the miles on your car; however, the pay rates for drivers could range between $18 and $25 an hour. So it could be an all-time job in certain communities, but it is more of an on-call hustle in others.
15. Work in one of amazon’s fulfilment/distribution centres
If you’re not looking to be a slave to people, make sure you check out the nearby Amazon Fulfillment Center. Knowing how they ship is important if you plan to sell your product on Amazon in the near future. In addition, Amazon distribution center specialists typically have a variety of benefits.
Fulfillment doesn’t just refer to boxes to pack. It encompasses everything:
- The mechanics (repairing machines)
- Safety and health
The amount you earn with Amazon is highly variable in this particular case. For example, suppose you are working full-time and earn more than $1000 (in many cities). But, the rates vary significantly based on where you reside and what jobs are required.