What are the effective ways to earn money on Amazon?

A lot of people think of Amazon for its role as a giant retailer that seems to have everything. In addition, as the electronic marketplace, Amazon offers potentially lucrative opportunities for a typical American to earn additional income. According to Oberlo, the company has over 2.5 million sellers using its marketplace.

It is interesting to note that when you are learning ways to earn money from Amazon, it might be surprising to people that certain sellers don’t offer the products they sell. Amazon also has a variety of various work opportunities, ranging from normal work to side jobs that employees are able to perform at their leisure.

17 WAYS TO MAKE MONEY ON AMAZON

Here are some of the ways one can utilize Amazon to earn cash.

1. Direct Sales To Individuals

Selling products is among the most popular ways to earn money with Fulfillment through Amazon. It’s simple because the seller makes an income by selling the product at a higher price than the cost of the item sold and Amazon’s charges.

The setup process is straightforward and one can go to a wholesaler like Alibaba to source an item. When the seller is able to locate the item, they need to prepare it for sale and then ship it to Amazon. Most of the time, Amazon charges for the utilization of the fulfillment center, and also for removals, storage, and returns. If a seller retains a substantial percentage of their revenue after the cost and fees, selling via fulfillment by Amazon can result in significant profit.

2. Retail Arbitrage

Arbitrage is the process of purchasing a product from an online retailer in bulk and then selling it on Amazon with a markup. It is possible to purchase these products at a store like Walmart or browse an online marketplace like eBay for a similar product.

Retail arbitrage is often described as a kind that is a part of Amazon FBA selling. This is different from normal online selling because it is selling products that have limited availability. Additionally, as anyone can sell in this manner pricing competition can result in sellers having small profits.

3. Publish a Book

If you have writing abilities and a desire to publish, Amazon’s Kindle Direct Publishing could help authors to publish their work. KDP is an online platform where readers can purchase a book online. After an author has completed an article, the author can publish the work in less than five minutes. Kindle will publish the book in Kindle stores within 24 to 48 hours.

Authors are able to set their own price, have control over the rights they have to their publications, and may make revisions to their publications at any time. This allows authors to make use of other services to create physical copies of their book or audiobook. Through KDP royalty rates can go up to 70%.

4. Business-to-Business Sales

When looking for how to make money on Amazon, some turn to business-to-business sales via its Amazon Business site. The service reaches across multiple industries, allowing one to cater to small businesses, larger enterprises, or the public sector. It allows for cost optimization, offering help with strategies for reducing costs.

Amazon also offers a service called Business Prime. Like Amazon Prime for consumers, it provides added service for an annual fee. Starting at just $69 per year for the smallest enterprises, Business Prime offers one-day shipping, discounts and other services to make the procurement process run more smoothly.

5. Affiliate Marketing

Sellers are able to offer affiliate marketing services via Amazon Associates. It is a great option for those looking to market their business without the need for an item. Through Amazon Associates, content providers can profit from traffic on their websites and earn money from advertising and commissions.

Publishers, bloggers, and content providers may apply to find out whether they meet the requirements. After acceptance, marketers can are able to share their products using Amazon’s custom linking tools. They could earn as high as 10% commission through both programs and the purchase of qualifying items.

6. Selling Professional Services

Amazon Home Services offers Amazon customers who require assistance with the introduction of new products. Home Services provides a “white glove” service that helps customers with the assembly or installation of specific products and other customer-service-related needs. Appliance and home theater services installation are a few examples of the services offered.

Amazon Home Services sometimes closes the service to applicants from new companies. However, interested companies may apply through Amazon’s Professional Services website when positions are open.

7. Selling Under Amazon Private Brands

Amazon Home Services sometimes closes the service to applicants from new companies. However, interested companies may apply through Amazon’s Professional Services website when positions are open.

8. Sell Handmade Products

One of the smart ways to earn money online is by selling artisan products through Amazon Handmade. Sellers from over 80 countries utilize Amazon Handmade to sell handcrafted goods.

Prospective entrepreneurs are audited in a process to verify the authenticity of the products. Once approved, Amazon allows entrepreneurs to create a shop and list products at no charge. Sellers also receive a custom URL to make it easy for interested buyers to find a specific online shop. Amazon deducts a 15% referral fee for each sale made, but the remaining revenue goes to the artisan.

9. Custom Merchandise

Sellers of custom-made merchandise can also find a home on Amazon. With the help of Merch by Amazon, Customers can design market, sell, and create items with a brand name, like T-shirts, mugs or keychains.

The seller only has to supply the artwork. After selecting the product type along with the desired color Amazon will take care of manufacturing selling, sales, shipping as well as the Amazon site for products. Sellers are also able to promote their items on websites, on social networks sites, or via apps. They also get a percentage of any products that are sold.

10. Sell Used Goods

Under limited circumstances, Amazon will allow people to sell used electronics that they no longer use. Sellers can list eligible products and receive payment.

This will not apply to every product, and sellers will receive an Amazon gift card instead of cash. However, for those willing to sell under such conditions, it provides an opportunity to trade in unwanted merchandise for new purchases.

11. Crowdsourcing

Amazon allows crowdsourcing via Mechanical Turk also known as MTurk. MTurk lets businesses assign tasks to a virtual team. It allows companies to transfer tasks to a pay-per-task basis.

The businesses decide on the rate of pay and the work is repetitive, such as data entry, validation of data survey, research, and content moderating. It can also serve as an extra source of cash that workers can use to fill their own schedules.

12. Write Reviews

Those who have built a reputation as a trusted reviewer may want to consider Amazon Vine. Amazon invites reviewers to become Vine Voices based on a reviewer rank, a rating of the quality and helpfulness of their reviews.

Moreover, Vine Voices may express their views freely. So long as the review meets Amazon’s posting guidelines, the company will not edit a reviewer’s posting. Although a Vine Voice does not receive cash, Amazon provides Vine reviewers with free products from vendors.

13. Becoming an Influencer

Social media could become a second potential source of income via Amazon Influencers. While this is an affiliate scheme but participants shouldn’t be confused with Amazon Associates. It is different in that Amazon influencers have verified social media accounts, as well as have their own Amazon storefront, which showcases the best products. Influencers earn a commission for every item they sell.

To be eligible, one has to get an account on YouTube, Twitter, Instagram, or Facebook account and then apply. Amazon accepts applicants based on the number of users as well as other different engagement metrics.

14. Delivery Driver for Amazon

It is also possible to earn money through direct employment with Amazon directly. One option is to become an Amazon delivery driver by using Amazon Flex. Through Flex drivers are able to make Amazon deliveries according to their schedules. They select blocks of time through Amazon Flex. Amazon Flex app can alter their work hours based on availability.

Aged 21 or older, who possess an active driver’s license and a smartphone, such as Android or iPhone or a mid-size or large-sized vehicle and reside in the city in which Flex is available can be a Flex driver. Flex drivers make between $18 and $25 an hour in the majority of instances.

15. Work for Amazon Remotely

Amazon will pay you to work from home serving as Customer Service Associates. These associates come from 130 locations in over 40 countries, supporting customers while working from home.

16. Work in an Amazon Warehouse

The year 2020 was the most successful for Amazon. Amazon has sold over $236 billion of products across North America alone. Therefore, it comes as no shock that the fulfillment and distribution facilities require help. The workers there help locate the right products, package and deliver them to Amazon customers.

While it isn’t as flexible as other sources of income that Amazon has, the 38% revenue growth experienced by the company in 2020 will guarantee that the demand for workers will continue to increase. The starting salary is $15 per hour and benefits may include health insurance as well as parental leave.

17. Seasonal Work for Those Who Live in RVs

Since sales levels vary, particularly around the holidays, Amazon also needs seasonal workers. To this end, Amazon created CamperForce, seasonal work for those who live in RVs and travel the country.

During such assignments, Amazon will include 401(k) coverage, 90 days of medical and prescription coverage, overtime pay and completion bonuses for those who stay until the end of the assignment. Amazon even offers provisions to cover campground expenses.