Are you looking to start a business but do not know how to go about it? Have you considered selling on Amazon? Well, here are some of the opportunities offered by Amazon.
Amazon is one of the largest e-commerce companies in the world, offering entrepreneurs the opportunity to come into the spotlight, gain popularity globally, and earn from the comfort of their homes. It is a huge opportunity for people who want to join the e-commerce world.
There are so many great ways to make money on Amazon, you just have to find the method that makes the most sense to you.
How to Make Money with Amazon
Here are seven sure ways to make money selling on Amazon.
1. Sell Your Private Label Products on Amazon
One of the best ways to earn with Amazon is to sell your own private label products through Amazon’s Fulfilment-by-Amazon network. With Amazon FBA, sellers can list items on Amazon and make money from the sales.
You can take advantage of product research tools like IOScout product finder https://ioscout.io/product-finder to estimate the sales your product will make on Amazon. Then source and manufacture your products. After creating your product, you get to sell on Amazon using FBA. You don’t even have to worry about shipping your products, with Amazon prime, your clients will receive their ordered products in two days or less.
2. Sell Wholesale Goods on Amazon
Another method of making money on Amazon, similar to the selling private label is wholesaling. It involves purchasing products in bulk to sell using the Amazon FBA network.
The difference between private labeling and wholesaling is that you are selling your own product in the former; however, the latter involves selling other companies’ products. You won’t have to worry about product manufacturing or branding. This method is popular among many Amazon sellers.
3. Publish Your Books on Kindle Direct Publishing
You can publish your books on Amazon using Amazon Kindle Direct Publishing. This method of earning by publishing eBooks on Amazon works fantastically. If you are a professional writer, you might want to consider this option.
You can also print actual copies of your books on-demand with Amazon’s CreateSpace.
However, you need to write prolifically to find success. The more books you write, the more you earn money.
4. Deliver Goods for Amazon
Though Amazon has its own delivery service, one can join its delivery fleet as a driver. You can do this with Amazon’s Flex. You just have to answer a quick questionnaire, download their app, and if they accept you, you can start earning. They may even pay up to $10,000 to get started. It is similar to driving for a carpooling company, but this time, for Amazon deliveries.
5. Join Amazon Associates
Amazon Associate is an affiliate program that allows you to sign up for a special link only you can share to people, and when a purchase is made through your special link, you earn a percentage of the sale.
This is probably the most popular affiliate marketing program on the internet. However, to earn a lot of sales commissions, you need to be an internet influencer. Without a decent social media following or a blog, you won’t earn much.
Here’s what you’ll do. Start a lifestyle blog, then find a cool product on Amazon and share the link on your blog. When your blog visitors buy the product through your link, you earn. You can also share the link on your social media page, or even in email.
6. Resell Store-Bought Products with Retail Arbitrage
For retail arbitrage, you just have to go to retail stores to find and buy up discounted items to resell them on Amazon at a markup. So many people begin their Amazon selling journey with this method.
However, the challenges with this method include that there is a lot of competition, and it’s hard to scale. You may even spend so much time searching retail stores for products and find none.
7. Online Arbitrage
Just like the retail arbitrage, you are buying to resell, but this time, you are buying from other e-commerce stores like eBay to resell on Amazon.
Amazon Online Arbitrage is a form of arbitrage where individuals buy products from other e-commerce platforms, such as eBay, with the intention of reselling them on Amazon. It shares similarities with traditional retail arbitrage, but instead of purchasing items from physical retail stores, online sellers source products from various online marketplaces.
This method, though easier, also faces the same challenges suffered by its retail counterpart. You are also very limited in options.
And those are the seven best ways to make money with Amazon. There are even many more ways other than these seven; however, these methods should help you get started.
Interesting related article: “What is a Wholesaler?“