Amazon is one of the most prominent e-commerce companies globally, allowing people from all walks of life to buy and sell products with ease. It also offers people another significant advantage, making money when they do not even have their products to sell.
If you want to find ways to make money in 2022, you can learn a few tricks to help you get started on Amazon. This article will share some of the best 20 strategies to make money on Amazon.
1. Sell using the Fulfilment By Amazon (FBA) Network
This process includes selling private labels through Amazon. To do so, you need to source products from other manufacturers and brand them with your name and logo. This process is called Private Label or White Labeling, or Brand Creation.
It means you can source products in your preferred industry from manufacturers and just brand them without being involved in the manufacturing process. Sale by Fulfilment By Amazon is one of the most lucrative ways to earn in 2021.
When you brand your products, you can then store them on any of Amazon's Fulfilment Centers so that they can pick, pack, and ship them to customers who buy.
Benefits of joining the Fulfillment by Amazon Network
These are some of the benefits of using Amazon's FBA network to make money this year.
- You will enjoy partnering with the best and most trusted e-commerce platform in the world. Amazon is a platform that is trusted worldwide, and using it to sell your products instills more confidence in your potential buyers and makes you more money.
- You won't have to worry about storing your products as Amazon will take care of that.
- Amazon will handle all shipping requirements when your customer makes a purchase. Additionally, they will be eligible for free shipping with Amazon Prime, which will motivate customers to buy from you. Selling with FBA also means they will handle your orders quickly and more professionally.
- Amazon will handle all customer inquiries for you. Your customers will receive 24/7 customer support from FBA and will even handle returns and refunds for you.
- Without worrying about every little logistic of your business, you will have more free time to work on expanding your line of products.
- You will b able to sell to over 100 countries where Amazon shipping is eligible, and you won't worry about international laws or customs.
- You will enjoy a better reach and reliable reviews on the Amazon website, which will motivate more people to buy from you.
How to start using Fulfilment By Amazon
To eliminate poor customer support or expensive storage fees and shipping fees, you can join the Amazon Fulfilment program with the following steps.
Step 1: Create a seller account. You will need a business email account, a government-issued ID, a rechargeable credit card, a bank account, verifiable tax information, and a working phone number.
Once your seller account is ready, proceed to see up a Fulfilment by Amazon profile.
Step 2: Create your product listings. This step requires you to prepare all the products you want to sell and then add them to the various categories in the Amazon product catalog.
You will need to understand all FBA product restrictions before adding the products to the Fulfilment by Amazon inventory.
Step 3: Make plans to transport the products to a Fulfilment by Amazon center following Amazon's packing, shipping, and routing guidelines.
Step 4: Start attracting customers once the products are with the Fulfilment by Amazon center. At this stage, you can make marketing plans to improve the visibility of your products. You can set up coupon offers and set fair prices to attract more buyers.
How profitable is using the Fulfilment by Amazon Network?
You can expect to make the most profits by using the FBA network to sell your products. According to this seller report by JungleScout, 85% of Amazon sellers reported good profits in 2020 despite a global pandemic affecting the economy.
2. Publishing and Selling Books with Kindle Direct Publishing
If you are a professional writer or interested in publishing books, you can use Amazon's Kindle Direct Publishing, KDP, to make money in 2021.
How to publish your first e-Book on Amazon Kindle
Publishing a book on Amazon Kindle is an easy process, especially if you have the content ready. To publish, follow the following steps.
Step 1: Enter book details. Be very accurate here as these are details that will be displayed on your book's page.
To enter the details, go to your account's Bookshelf and click the +button to add the book. Start by adding the book title, add authors' names, write a great book description, add essential keywords to increase the book's visibility, choose the book category, and set it as Pre-order.
Step 2: Upload and review your book content. In this step, you need to upload your manuscript and make the critical editions until you are satisfied with the way it looks. You can read more about how to obtain an ISBN for your book, as well as how to format your book.
Step 3: In this step, you need to set your book price and agree to Amazon Kindle Direct publishing's terms and conditions to proceed to publish.
Apart from publishing e-books, you can also make money on Amazon by creating paperback copies with Amazon's CreateSpace Print on Demand. This is an ideal way to make money if you have great content and skill as an author.
How much money can you make with Amazon Kindle Direct Publishing?
While it may not be smooth sailing when starting, you can make upwards of $40, 000a month when you learn everything there is about making money on Amazon as an author. To sharpen your skills, you can enroll in a few online courses or start by reading this article by serial entrepreneur Tim Ferris.
3. Become a Wholesale Seller on Amazon
If you have enough capital, you can approach manufacturers and companies to buy their goods in bulk and then sell them on Amazon. This is a popular way to make money on Amazon for experienced sellers.
The only challenge with this method is that you will be competing against other sellers with the same products. This means you may have to lower your prices to attract buyers, which also means you have to really negotiate with your manufacturers for even lower buying prices.
How to become a wholesaler on Amazon
You can start selling goods as a wholesaler on Amazon following the following steps.
Step 1: Open a seller account on Amazon.
Step 2: Find a product with a high demand on Amazon.
Step 3: Contact the manufacturer and source for the product at a wholesale price.
Step 4: Create a plan on how to rank against sellers with the same products on Amazon.
Step 5: Launch the product and make plans to promote it.
Step 6: Keep track of your business' growth, and observe the trends your competitors follow.
Is selling as a wholesaler profitable?
Unlike Private Labeling, becoming a wholesaler comes with other challenges, such as competition for lower prices from manufacturers. The most guaranteed way of making money this way is by keeping your product prices on the lower side on Amazon because of competition from other sellers.
However, selling products as a wholesaler on Amazon is profitable in 2021. To succeed, make sure you sell products that are in high demand from Amazon buyers and products with less competition from other sellers.
4. Join the Amazon Flex Service
As big as the company is, even with the enhanced delivery system, you can make money as a delivery person for Amazon in 2021.
Amazon Flex is a program used by Amazon to work with licensed drivers to deliver goods to buyers.
How to join Amazon Flex
To become a delivery contact for Amazon, make sure you have a good delivery vehicle and a valid driver's license. Then, follow these two steps to join the service.
Step 1: Download the Amazon Flex App on your smartphone.
Step 2: Fill in the questions after downloading the app and wait for review.
How much money can you make with Amazon Flex?
The amount of money you can make with this service depends on a few factors;
- Type of delivery or time it takes to deliver
- Type of goods delivered
- Customer reviews and tips
- Your location
According to Amazon Flex, you can make anywhere between $18-25 an hour. With this in mind, you set a target and decide how many hours you want to work per day.
5. Start Retail Arbitrage on Amazon
Retail arbitrage is a practice where you buy products from one retailer and then resell them when the time is ripe to make maximum profits. To do this and make money on Amazon, you can look out for discounted products from retailers like Walmart and Target, among others, and wait for the peak season when many buyers will be looking to buy them.
Some products you can flip to resell can be items many people will need at a stage in the year, like Halloween products, Easter products, or Christmas products. Just like selling other products, you will need to have a seller account on Amazon and ensure your products are in good condition and pose no risk to the buyer.
Is retail arbitrage on Amazon profitable?
Like wholesaling on Amazon, your profit margins will depend on your products' demand and quality. The best way to start retail arbitrage is sourcing for the products you know people will buy when the time comes and source for them at discounted prices.
6. Start Online Arbitrage
Similar to how retail arbitrage works, online arbitrage is the process of buying products from other e-commerce platforms to flip on Amazon. You can source products from platforms like E-bay and resell them on Amazon at a mark-up.
Is online arbitrage on Amazon profitable?
Like retail arbitrage, online arbitrage requires the same energy to find discounted products that can sell at the right time.
7. Earn money on Amazon with Mechanical Turk
The Amazon Mechanical Turk, also called mTurk, is a program you can use to make money. Simply put, it is a crowdsourcing marketplace where you can perform all sorts of tasks remotely and get paid.
While it may sound very technical, this program requires fundamental skills. You may be asked to perform micro-tasks like deleting wrong product images (we recommend a reliable clipping path provider), proofread product descriptions, or remove duplicate listings, among others.
The only challenge with mTurk is that it is not available all year, so you need to keep checking the Amazon website for an announcement.
Is joining Mechanical Turk profitable?
Depending on your availability, you can make between $6 and $10 per hour of working on mTurk. It, however, is not very reliable for a livelihood as the program does not run throughout, and there may be tasks you will have difficulties with.
8. Join Merch by Amazon
With Merch by Amazon, you can sell merchandise improved with your art. These can be items like mugs, T-shirts, hats, and many more. The best thing about the service is that it is eligible for Amazon Prime, and your designs are printed by Amazon on demand.
So, to get started, you join the program and upload your designs. Once Amazon approves the designs, they will make a product listing for you, displaying your artwork on products like coffee mugs, etc.
The only challenge with this program is that you will need an invite to join, and Amazon will need to approve all the designs you upload. However, if you are good with designs, it should be reasonably easy to get started with the program.
How profitable is Merch by Amazon?
Making money on Amazon with this strategy is profitable but requires you to have great designs that people will want on their merchandise. However, you need to understand the profit margins are divided with Amazon because they do most of the work.
To make a good amount of money, you will also need to put in a lot of hard work and determination in creating designs while also following Amazon's terms and conditions for using the program.
9. Offer Services on Amazon
Another way to make money using Amazon is by selling services. Amazon has a Professional Services section where you can list a professional service you want to offer to individuals and companies. These could be anything from plumbing, teaching, walking dogs, or any other service clients usually pay for.
Can you make enough money selling services on Amazon?
Making money on Amazon by offering services depends on your determination, availability, and rates. When advertising your services, make sure you have the skills and expertise needed, and also make sure you set rates that people will actually want to pay for services from a stranger.
10. Use the Affiliate Marketing Program
With the Affiliate Marketing Program, you advertise Amazon products on your blog or a platform you use if you are a writer and content creator. For you to make money with the program, Amazon gives you links you can use to share with your readers or followers, and if they purchase the products, you earn a commission out of every sale.
To join the program, you will need a qualifiable website or mobile app. Then, sign up and get the special links to link products you want to sell on Amazon.
How profitable is this Affiliate Program in 2021?
Using your blog, app, or social media to market Amazon products can make you good money. However, you need to ensure you have high traffic to your sites and also that you the best product reviews to motivate buyers.
11. Become an Amazon Representative and Work From Home
You can now join Amazon as a remote customer service agent to help with customer queries and complaints. This position will require you to have the qualifications of a customer service agent and the needed experience to perform the work.
You can also qualify for other work-from-home Amazon jobs like a Human Resource position that requires strict academic qualifications. You can also work as a virtual healthcare provider in a position like Bio-Pharma Consultant or Senior Solutions Healthcare Architect.
These work-from-home jobs are available when advertised by Amazon and for residents of the United States.
Can you make money on Amazon working from home?
The amount of money you can make working from home depends on the position you have. With Amazon's $15 minimum wage, you can expect to make at least $30 000 annually if you land a full-time position as an Amazon rep.
12. Sell on the Amazon Handmade Program
Amazon has a program you can join if you are a talented craftsperson called Amazon Handmade. To qualify for this program, you have to be a skilled craftsperson who can make unique items to sell on Amazon.
The program is invite-only, so you need to have made a name for yourself to qualify. Additionally, it would help if you were very good at your craft to keep up with orders as you will be facing a massive market.
How profitable is Amazon Handmade?
Depending on how good your products are, you can forecast to make $30 a day. Again, this Amazon Handmade program relies on your skill and speed, as well as marketing efforts to rank your products.
13. Make Money Using Your Amazon Prime Direct
You can use your Amazon Prime Direct to stream videos to other Amazon Prime Videos users in different countries or locations. You will earn royalties for the length you stream these videos as you help filmmakers reach a larger audience worldwide.
To start with this method of earning with Amazon, just open an account and choose the titles you want to stream on supported devices and platforms such as smartphones, Amazon Fire Stick, Smart TVs, and more.
How profitable can streaming movies and videos on Amazon Prime be?
You can make a good amount of money every day when you stream popular movies and videos. It requires you to have a good following to earn more royalties for each video.
14. Make Money with Amazon Games
You can also earn money by streaming your games. This method works if you have a substantial audience streaming your games because then Amazon would be collecting advertising revenue from your live stream.
Can you make good money by streaming your games?
While it is not a popular money-making method, you can still make a considerable amount of money when you Livestream your games. The length of your live stream and the size of your audience are contributing factors that affect the amount of money you receive.
Additionally, you can also receive donations and tips from your audience and end up making more money.
15. Work in Amazon's Fulfillment or Distribution Centers
As more and more Private Label sellers join the Fulfilment by Amazon Program, the company needs more workers to handle the packing, shipping, and storing of products.
If you have the extra time, you can start working at a distribution center to earn more income.
How much money can you make on Amazon working at a distribution center?
Working at an Amazon distribution center, you can earn a minimum of $15 per hour and receive extra benefits from the company. If you work here full-time, you can earn up to $30 000 annually.
16. Use the Amazon Trade-In program
Compared to other ways to make money on Amazon, this method may be the least profitable money-wise. However, it is a great way to afford new items as they are listed on the Amazon catalog.
The Trade-In Program allows you to win Amazon Gift Cards or get new products on promotional credit. To qualify, you need to trade these benefits for eligible products you no longer use or need. You need to visit the official Trade-In program page to find out which products you can trade.
Once you confirm your product is eligible for the program, head over to the Trade-In store page and follow the steps to submit your products.
How to earn with the Amazon Trade-In Program
This method is quite different when it comes to earning because you may not necessarily receive money. Instead, you will receive Gift cards or Promotional offers to help you purchase other products you want to buy.
17. Sell Software on the Amazon Web Service Marketplace
If you are a software developer and have some you can sell without violating any terms; you can use the Amazon Web Service Marketplace (AWS) to sell them to Amazon buyers.
To sell on Amazon, you need to upload your software to the Amazon Cloud and, if need be, promote your listings. When a buyer pays, you will be able to receive almost 80% of the sale.
How profitable is using the AWS Marketplace to make money on Amazon?
If you are constantly making or updating software, this method can be a very lucrative way to make extra money because people are always looking to change or update the software they are using.
It is a very independent marketplace where you set the prices and simply wait for people to buy.
18. Sell Apps to Make Money on Amazon
This is another way of becoming a part of the Amazon fraternity and making good money in 2021. If you have the skills needed to develop apps, you can join the Amazon Developer Services program by opening a free account.
You will be needed to develop apps for Amazon Appstore as well as other Android-based services Amazon sells. Once you develop the apps, Amazon will let you test and run them for free before publishing and listing them on the Amazon Appstore.
How profitable is it to develop apps for Mazon?
Developing apps for the Amazon Appstore is a great way to earn extra income in 2021 if you are a skilled developer. You will reach a bigger target market and enjoy Amazon's unique marketing methods that motivate people to buy more.
Amazon also supports your growth by providing you the tools you need for your app to succeed, including SDK downloads, app testing tools, APK compatibility testing tools, and a Pre-submission checklist.
19. Join the Amazon Influencer Program
Unlike the Affiliate Marketing Program, you can become an influencer on Amazon, where you open a page using a vanity URL. While in Affiliate Marketing you use your website to review and market Amazon products, becoming an influencer allows you to have a page within Amazon to suggest the best products to your visitors.
The Amazon Influencer Program expects you to meet a few requirements to qualify, such as a YouTube channel and other social media accounts like Facebook, Twitter, Instagram, and even Snapchat (learn how to earn money with Snapchat). Amazon will also approve your membership based on the audience your social media platforms carry, as well as the type of content you share and how active you are on those platforms.
Can you make money on the Amazon Influencer Program?
Similar to how affiliate marketing works, you can also make good money recommending products to your social media followers. When they buy from your Amazon page, you will earn commissions.
For best results, it is best to keep your followers engaged and to update the products on your Amazon Storefront constantly.
20. Become a Full-time or Part-time RVer with Amazon's CamperForce
If you are constantly transversing the country in your RV, there is a way you can make money on Amazon. You can join CamperForce and take up quick Amazon jobs, depending on your availability and location.
This is a freelance position that lets you pick what assignments to complete and in which location. You will be able to complete tasks like picking, packing, stowing, or receiving products.
Is working as a CamperForce Associate profitable?
Working with CamperForce has more benefits than other Amazon Associate programs. Because of the extra expenses and risks you will have to work with, you will be eligible for health insurance, RV campsite fees, and more bonuses.
Apart from that, you can also expect to make the minimum of $15 an hour which could rake in reasonable amounts if you do it full-time.