Do you want to know the comprehensive guide on how to make money on Amazon?
The article you are about to read will dive into the proven and reliable ways that could generate the profit you want. It does not matter whether you are a business owner or an aspiring side hustler.
This blog post will provide you with invaluable insights and strategies to maximize your earning on the world’s largest online marketplace (Amazon)
At the end of this blog post, you will be amazed to know how better and smooth it is to get started.
Remember, my goal is to give you all proven ways that have been tested by many individuals who have achieved excellent results.
When you read, you’ll get ways to make money on Amazon. Additionally, I have categorized them by making money without selling on Amazon and how to find the best product with detailed characteristics and the best products list.
Should You Make Money On Amazon?
Whether you want to make money or not, It does not seem scammy to say “You should make money on Amazon”.
Why?
Because it is an authentic online e-commerce platform where more than 9.6 million users are participating as of 2023 to do business with Amazon and sell their products to others.
Aside from sellers, there are more than 197 million monthly active users in 2023 from over 20 countries.
It is also recognized as the largest and most influential E-Commerce marketplace in the world with a large customer base and a wide range of product categories including Electronics & Computers, Home & Kitchens, Fashion & Apparel, Beauty & Personal Care, books, and so on. There might be some stuff that you could not find on Amazon.
Whether people like it or not Amazon allows customers and everyone else to provide feedback and rate products they have purchased. This perk enables future customers to make informed decisions based on others ‘ experiences.
How To Make Money On Amazon
1. Self Physical Products
It involves sourcing, listing, and selling physical items through the Amazon platform. It is an opportunity for businesses and you to your commerce ventures
First of all, you need to choose a business model out of Private Labeling (where someone produces products with your branding and packaging),
Retail Arbitrage (involves purchasing discounted items from local stores or other retailers and reselling them on Amazon at higher prices) or
Wholesale (which means partnering with manufacturers, distributors, or wholesalers to buy products in bulk at discounted prices and resell them on Amazon).
After that, Research and identify product niches that suit your interest and have sufficient demand and a good profit margin.
Utilize tools like Junglescout, Helium 10, or AMZ Scout to analyze competition and trends with specific categories or niches with considering factors such as weight, size, and restriction that may affect storage and shipping costs.
Your last step would be to create a professional seller account. Importantly, provide all the necessary information including business details, banking or tex details.
How Much Could You Earn
The potential earnings from selling self-physical products on Amazon through various models can vary greatly. Factors like product selection, pricing, competition, marketing, and operational costs influence earnings.
Sellers can earn from $100 to $1000 or even $million annually, depending on product demand, sales volume, profit margins, and business scalability.
2. Use Amazon’s FBA
Amazon’s FBA (Fulfillment By Amazon) is an excellent way for sellers to streamline their operations. Through this program, you as a seller can benefit to store your products in Amazon’s fulfillment centers
To get started, find or create a product that you are interested in selling on Amazon.
Then, create a seller’s account and enroll in the FBA program.
Further, prepare your products for shipment to Amazon’s FBA, which means packaging, and labeling with Amazon’s packing guidelines. Send your inventory to Amazon’s fulfillment center.
Alternatively, Amazon’II stores your products in their warehouses. They’ll handle all management and requirements you need
When a customer place an order for your product. Amazon’II takes care of picking, packing, and shipping it to your customers.
Things to consider, Amazon charges fees for using the FBA service, which includes fulfillment fees and other charges which will be deducted from your sales proceeds.
Here’s a video to watch
How much could you earn
The earnings you can make using Amazon’s FBA (Fulfillment by Amazon) program vary depending on factors like product selection, pricing, competition, and marketing efforts.
Successful FBA sellers can earn from $1,000 and $20,000 or more per month.
3. Sell eBooks Through Kindle Direct Publishing
Making money on Amazon through Kindle Direct Publishing (KDP) is another path on our list
Kindle Direct Publishing (KDP) is a self-publishing platform that allows you as an individual publisher to publish and sell your own eBooks and paperback books directly on the Amazon Kindle Store.
KDP provides a user-friendly publishing platform. Where you can easily upload your manuscript, cover image and set your eBook pricing.
There are two royalty options for eBook sales. The 35% royalty options and 70% royalty options. The selection of your royalty depends on the price of your eBook, the territories you choose for distribution, and the Kindle matchbook program.
Here’s a guided video
How much could you earn
Yearly compensation from selling eBooks on Amazon KDP varies greatly depending on factors like book sales, pricing, genre, and marketing efforts. For an estimate, It can range from $100 to $1000 or even more.
4. Sell Print On Demand Products
Creating and selling print-on-demand products through Merch by Amazon is a way to generate income on Amazon’s platform
Being a seller on Merch by Amazon, you can create unique designs for products such as t-shirts, hoodies, or other apparel items.
Once it is designed, you upload them to the Merch by Amazon platform by selecting appropriate colors, and sizes and setting pricing for each item.
How Much Could You Earn
The yearly compensation for creating and selling print-on-demand products through Merch by Amazon can depend on several factors such as the popularity of your design, the number of sales you make, pricing strategy, etc.
For an estimate, you can earn anywhere between $300 to $1000 or even more.
5. Sell Handmade Products
Would you like to craft handmade products?
If yes then, you would enjoy this section, because you could also make money by selling handmade products to Amazon Handmade.
To become an Amazon Handmade seller, you need to apply first,
Amazon will review each application you apply to ensure your products are genuinely handmade and meet their criteria.
When you list your product, incorporate a high-quality image, accurate description, and pricing information.
Moreover, stay updated with new designs and seek opportunities to collaborate with other artisans, continuously evolve and expand your product offerings so that you will stand out from the crowd.
How Much Could You Earn
This would make you a minimum of $1000 in monthly sales. Some of the sellers even have reached $100,000 per month which could be a big amount for you.
Here’s a step-by-step video
6. Sell Software Applications
Just like Google Play Store, you might know that Amazon has its app store which is called Amazon app store where users can discover, download and install various digital applications for their Android devices including smartphones, tablets, and Amazon Fire devices.
Firstly, address a particular need or problem of people, and develop software applications by considering the problems.
Develop apps or software specifically for people who are striving for some solutions that they are concerned about.
During app development ensure Amazon’s guidance and technical requirements.
Afterward, submit your applications on the Amazon app store and set pricing for monetization such as offering it for free with in-app purchases, charging one-time fees, or subscription-based models.
How Much Could You Earn
Its earning depends on various factors such as the type of app, the monetization strategy, and the number of users who use your app. You could expect to make $7000 to $10,000 per month if your app is downloaded a million times.
Here’s how to publish an App on Amazon App Store
7. Sell Online Courses
Creating and selling online courses through Amazon Video Direct is a lucrative way to make money on Amazon.
Whether you are a student, household wife, or whoever everyone wants to learn in their comfort zone which leads to the high demand for online courses in the digital world.
Start with exploring topics or skills that align with your expertise and interest such as instructional videos, lectures, demonstration presentations, or any format.
Secondly, make and submit your course content to Amazon Video Direct, Amazon’s self-publishing platform for video content. During this process lay down your price model for your online courses such as a one-time purchase, a rental, or a subscription model.
How Much Could You Earn
The earnings from selling online courses on Amazon Video Direct can vary widely depending on factors such as course quality, demand, pricing, competition, and marketing efforts.
Successful course creators have the potential to earn a substantial income, ranging from $1,000 to $10,000 of dollars per month or more.
Here’s how to work with Amazon Video Direct
From the above explanation you now know How To Make Money On Amazon by selling
You must be wondering…
How To Make Money On Amazon Without Selling
Here are the ways that could generate money on Amazon without selling anything else.
1. Become An Amazon Affiliate
As an Amazon affiliate, you can earn a commission by promoting Amazon’s products.
In this case, you don’t need to manufacture and deliver your products. The whole process is done by Amazon. You don’t need to worry about it. You will just sell its product online and earn a commission for each sale.
Your first step is, to start by signing up for the Amazon Associate Program, and select products from Amazon’s vast catalog that matches your interest and niche.
From the Amazon Associate dashboard, you will get affiliate links for each product you want to promote.
Now, you have your products, the way to promote it would be, through your website, blog or social media posts are other marketing channels.
If you lack followers then make sure to read Make Money On Instagram With 500 Followers in this post I have also explained specifically for Affiliate Marketing
How Much Could You Earn
If you are a beginner, Then you could expect to earn $100 a month but, if you have experience and skills in promoting Amazon’s product with adequate followers then it could be scaled up to six figures per year.
2. Amazon Home Service
Amazon Home Service is a platform that allows service providers to offer a variety of professional services to customers through Amazon.
The services include home improvement, handyman service, cleaning, lawn care, electronics installation, plumbing, and more. You would already be a professional with some of these services.
To get started, you need to join Amazon Home Services, which goes with the verification process. Which include, licensing verification and qualification checks.
You as a service provider will visit the customer’s location at the scheduled time to deliver the requested services.
How Much Could You Earn
Because Amazon Homes Services varies based on factors like the service type you choose, location, demand, and your expertise in your chosen profession. The earning potential can range from $100- $1000 are even more.
3. Amazon Mturk
Amazon Mechanical Turk is an online crowdsourcing marketplace developed by Amazon. Which connects individuals (known as requesters) who require human intelligence to complete tasks.
Hence it raises the demand to outsource tasks that cannot be easily automated such as data entry, content moderation, surveys and image tagging etc.
Want to work on Amazon Mturk?
Sign up as a worker on the Amazon Mechanical Turk platform and create a worker profile with all the required information.
Browse through the available tasks listed by requesters on Mturk. Also, consider checking How To Make $300 With Amazon Mturk
Further, choose tasks that you can complete through your skill set and are interested in. You should also consider factors such as task requirements, estimated completion time, and payment offered by the requesters.
Additionally, as you gain experience on Mturk consider to specialize in certain tasks that you enjoy which can lead you to high-paying opportunities in the future.
How Much Could You Earn
Amazon Mechanical Turk pays between $1 and $6 per hour. If you are skilled enough you can expect to earn above $11 per hour for higher-paying tasks such as HITS
And I’m not stopping there…
Best Products To Make Money On Amazon
So now you know how to sell products on Amazon as I explain some ways but on top of that it is challenging to identify which products to sell, the whole game of success on Amazon can be resisted by a bad product.
That’s why it’s important to talk about
Characteristics Of Best Selling Products
Some days back, I was striving to find some patterns or characteristics which are important to find the best products on Amazon
Here’s what I found instead
- High Demand: Best-selling products typically fulfill strong consumer demand. These are recognized as best-selling because people are willing to buy them and these would also be beneficial and profitable for you to sell. Once you get these products on Amazon try to explore products that are similar to them.
- Competitive Pricing: people would first peek at products and secondary they peek at their prices. If your price is not satisfied by your customer you will lose them. Hence make sure to provide a low price compared to competitors or offer exceptional value on the price.
- Good Review And Rating: This’II shows you after getting products how people felt and experienced using it. Positive customer reviews are a sign of the success of products on Amazon. Conversely, negative reviews are a sign of a product’s failure. Positive reviews pique more customers and negative reviews take out them.
- Strong Branding: Authentic brands often make their products authentic. These products come from a well-established brand presence who have a recognized brand name, logo, packaging, etc.
- Trend Awareness: An additional quality of best-selling products is they are typically aware of current trends, they stay updated with consumer preferences, emerging technology, and evolving market trends.
From the above points, you could easily find best-selling products on Amazon.
Let’s dive into the best products to make money on Amazon.
Best Products On Amazon By Category
here are some product categories that tend to perform well on Amazon:
- Electronics: Popular electronics like smartphones, tablets, headphones, and smart home devices have high demand on Amazon.
- Health and Wellness: Products related to fitness, supplements, skincare, and personal care are consistently popular among consumers.
- Home and Kitchen: Kitchen appliances, home decor, organization products, and smart home devices are sought-after items on Amazon.
- Books: Physical books and eBooks in various genres continue to be in demand on Amazon’s Kindle platform.
- Baby Products: Items like baby gear, clothing, toys, and essentials have a steady market on Amazon.
- Fashion: Clothing, shoes, accessories, and jewelry are popular categories on Amazon, with private labels and niche fashion products gaining traction.
- Pet Supplies: Products such as pet food, toys, grooming supplies, and accessories are in high demand as pet ownership continues to rise.
- Beauty and Personal Care: Skincare, makeup, hair care, and grooming products have a strong market presence on Amazon.
- Outdoor and Sports: Camping gear, fitness equipment, and outdoor accessories are popular among outdoor enthusiasts and fitness-conscious consumers.
- Home Improvement: Tools, home renovation products, and DIY supplies have a consistent demand on Amazon.
Conclusion
So that’s enough to make money on Amazon.
If you read this article until here then you now possess the skills and guidance needed to generate profit on Amazon.
It’s now your turn to start on Amazon whether you don’t want to sell, work without inventory or find the best products to sell.
Take the approach above and start your journey today.
I am curious to know which way you are going to take and do I need to add some more points to this article
If you feel any kind of lack on this post then don’t shy to comment below feel free to share your thoughts 💠on your blog.