Amazon is one of the biggest and most active platforms for buying and selling products online. This is why many people make money on Amazon by selling products and leveraging its massive customer base and global reach. However, selling on Amazon isn’t the only way to earn money on this platform; you can explore several other opportunities that do not require high technical skills or a high initial outlay.
In this write-up, we will look at several other strategies you can explore to earn money with Amazon. Let’s get right into it!
Ten Ways to Earn Money With Amazon
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Sell Products on Amazon
Selling products on Amazon is the most straightforward way to earn money with Amazon. There are two ways you can do this:
- Retail Arbitrage: Retail arbitrage involves purchasing products from retail stores (either online or in physical stores) at a lower price and then reselling them on Amazon at a higher price. The key to success in retail arbitrage is finding discounted products in demand on Amazon.
- Private Label: Private labelling is where you source products from manufacturers (usually overseas), brand them with your label, and then sell them under your brand name on Amazon. This method requires more investment upfront but can lead to higher profits in the long term.
Both methods involve creating an Amazon Seller account and using Amazon’s platform to handle listing, sales, and fulfillment. You’ll need to understand product research, pricing, and how to compete in the marketplace.
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Fulfillment by Amazon (FBA)
Fulfilment by Amazon (FBA) is a service that allows you to store your products in Amazon’s fulfillment centers. Amazon handles packing, shipping, and customer service when a customer orders. This lets you focus on sourcing products, marketing, and growing your business while Amazon handles the logistics.
Using FBA has several advantages, such as:
- Prime Eligibility: FBA products are eligible for Amazon Prime, which increases their visibility and potential for sales.
- Amazon’s Reputation: Amazon handles customer service and returns, offering you peace of mind and allowing you to focus on your business.
- Scalability: FBA makes it easier to scale your business without worrying about managing inventory or shipping.
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Become an Amazon Affiliate (Amazon Associate)
If you don’t want to deal with physical products, becoming an Amazon Affiliate through the Amazon Associates program is another way to earn money with Amazon. As an affiliate, you earn commissions by promoting Amazon products on your website, blog, or social media. When someone clicks on your unique affiliate link and makes a purchase, you earn a percentage of the sale.
This method works best if you have a blog or a strong social media presence. You can promote products related to your niche and create content that encourages your audience to buy through your affiliate links.
Read Also: Beginners’ Guide to Earning Money Online
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Self-Publish Books with Kindle Direct Publishing (KDP)
If you’re a writer, Amazon’s Kindle Direct Publishing (KDP) platform allows you to self-publish eBooks and paperbacks. You can write and publish books on various subjects, from fiction to nonfiction, how-to guides, or educational material. Once your book is published, you can earn royalties each time it is sold on Amazon.
KDP also offers Kindle Unlimited, a subscription service that allows members to read an unlimited number of books. If your book is included in Kindle Unlimited, you earn royalties based on how many pages subscribers read.
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Create and Sell Handmade Products
For those who have a craft or artistic skill, Amazon Handmade is a great platform to sell unique, handmade products. From jewelleries and home décor to custom gifts and artwork, if you create something original, you can set up a shop on Amazon Handmade to reach a global audience.
Unlike other selling methods, Amazon Handmade focuses on artisan and custom goods, so there’s less competition from mass-produced products. You’ll need to apply and meet Amazon’s criteria, but once approved, you can sell your items directly to customers worldwide.
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Sell Digital Products
In addition to physical products, you can also earn money with Amazon by selling digital products, such as music, photos, printable planners and journals, stock photos, etc. You can list these digital products on Amazon’s various marketplaces, such as Amazon Music, Amazon Photos, or Amazon’s Kindle Store (for eBooks and guides). The key is creating value-based digital products that cater to a specific audience.
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Offer Services through Amazon Home Services
If you have skills in home improvement, repair, or other service-based work, you can also earn money with Amazon. Amazon Home Services allows you to offer your expertise directly to customers. This could include services like plumbing, electrical work, furniture assembly, or even tutoring.
Customers who need these services can book you through Amazon, and Amazon handles payment and customer service. As a service provider, you’ll need to create a profile, offer competitive pricing, and build a reputation for delivering high-quality work.
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Amazon Merch – Design and Sell T-shirts
If you’re into graphic design or have a creative flair, Amazon Merch allows you to create custom-designed apparel, including T-shirts, hoodies, and more. You can upload your designs, and Amazon will print and ship the items as they are sold. You earn royalties on each sale, and Amazon takes care of everything else, from production to customer service.
The advantage of Amazon Merch is that you don’t need to manage inventory or deal with fulfilment. You just need to create designs that appeal to specific customer interests or trends.
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Amazon Video Direct
Amazon Video Direct allows content creators to upload their videos, such as movies, documentaries, or series, to Amazon Prime Video. You can earn royalties based on the number of views or sales your content generates, allowing you to monetize your video content globally.
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Sell Video Games and Consoles
You can sell new and used video games and gaming consoles on Amazon. Whether you’re an individual seller or a business, Amazon provides a platform to reach millions of gamers worldwide, offering a convenient way to sell gaming products and accessories.
Read Also: 10 Best Money-Making Apps for Students in 2024
Conclusion
Finally, making money on Amazon gives a wide range of opportunities for entrepreneurs and creatives alike. Whether you’re selling physical products, publishing books, or designing T-shirts, Amazon provides a powerful platform with a global audience. The key to success is choosing the right strategy that fits your skills and interests, staying updated about market trends, and continuously working to improve your listings, marketing, and customer service. While the process may require time and effort, with persistence, you can turn Amazon into a profitable income source.
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