It’s no secret that Amazon is a very convenient site for buyers. What is less known, however, is how easy it is to make money there – and not just as a seller.
Admittedly, selling is one of the most common ways to make money on Amazon and we have plenty of tips below on how to maximize your profits as a seller. But it’s far from your only option. It is even possible to generate passive income through the site, so you can make hard cash while you sleep.
Whether it’s adding a revenue stream or posting the only revenue stream. One of the best ways to make money online these days is to make money on Amazon. Given that Amazon is the top e-commerce retailer in the US with approximately $386 billion in net sales in 2020, this is a golden opportunity for those who want to become e-commerce sellers and make money on Amazon. This post shows how you can make money on Amazon by selling and even without selling
How to sell on Amazon
Want to start selling on Amazon? It’s super easy to get started, but there are a few important things to keep in mind before signing up.
The key things to consider are whether Amazon’s selling plan is right for you and whether the seller fees are worth it.
Amazon Selling Plans
There are two selling plans to choose from on Amazon:
Professional Selling Plan
If you sell more than 35 products per month, you can consider this plan. It costs £25 per month excluding VAT plus additional fees (below).
Individual Selling Plan
This is generally better for people selling fewer than 35 products per month. You wouldn’t have to pay a monthly subscription fee, but you would have to pay £0.75 per item sold excluding VAT plus additional fees (below).
When choosing an Amazon selling plan, think about whether you would be selling a large enough volume of products each month at a high enough price to opt for the Professional plan, or would you be better off sticking with the Basic plan to keep.
If you’re not sure how many things you’ll be selling each month, it might be better to start with the Individual plan and consider upgrading to the Professional plan later if you think it’s worth it.
However, if you decide to go with the professional selling plan, it might be worth considering
Fulfillment by Amazon (FBA)
There are additional fees but once you sign up for Fulfillment by Amazon, Amazon is responsible for storing (storage, picking, packaging), shipping, returning, or refunding your products. However, to start selling FBA, you need to find a product (e.g. from Alibaba), make improvements, and brand it with your brand. Login to Amazon Seller Central and submit your product information.
Send your products to Amazon and the fulfillment center will take care of distribution. When customers buy your product from Amazon, the delivery is handled by Amazon.
after registering and choosing the best plan for you.
These are the easiest and most effective ways to make money on Amazon:
Sell Old Stuff On Amazon
Not sure what to sell on Amazon to make money? Look through your old stuff – there are probably many items that you no longer use that you could sell online.
In a way, old items can be some of the best items to sell on Amazon.
Not only does it mean your loved stuff is going to a good home and not a landfill (an important reason alone), but it also means you are reducing the cost of buying or making things for sale and simply making a profit you can draw from it you already own.
For example, after you finish a module at college, you could sell your old books on Amazon to fund the new books you need.
Remember, if you’re selling used items on Amazon, make sure you clearly and honestly describe the condition they’re in.
For inspiration, check out our guide to the best second-hand stuff for sale.
Join the Mechanical Turk program
Amazon Mechanical Turk (MTurk) is a crowds sourced marketplace.
Amazon has a small program with a funny name called Mechanical Turk (MTurk). Whether it’s data validation, research, or taking surveys, Mechanical Turk acts as a hub for outsourced tasks.
While the name may suggest artificial intelligence, Mechanical Turk is the collaborative effort of hundreds (and thousands) of remote workers just like you.
How much money can I make with the Mechanical Turk program on Amazon?
About $120-$200 for a 20-hour week.
Mechanical Turk is a little lower maintenance than some of Amazon’s work programs, so it pays a little less for itself.
Nonetheless, online reports say Mechanical Turk workers can still expect to make between $6 and $10 an hour.
How can I learn to make money with the Mechanical Turk program on Amazon?
Just like their jobs and Flex program, the best place to learn more about Amazon’s Mechanical Turk program is inside Amazon itself: Amazon Mechanical Turk.
Start Amazon Affiliate Marketing
Arguably the best way to make money on Amazon without selling is by joining Amazon’s affiliate marketing program.
Affiliate marketing involves sharing links to products online, e.g. B. in social media or your blog. Then, when people buy things through those links, you can monetize the sales at no additional cost to the buyer.
Or, if you have a particularly good following on your social media profiles, you can apply to become an Amazon Influencer. This would still mean you are promoting products and making money from sales, but you would get your page on Amazon where you could choose which items to promote.
Not sure if affiliate marketing is for you? We explain this in more detail in our guide to earning passive income.
Become an Amazon Influencer
If you already have a sizeable social following, an Amazon influencer can help you earn good money through commissions you earn by promoting products on your Facebook, Twitter, or Instagram page, and even your YouTube channel earn.
Take surveys, write reviews, create webinars, join forums, sell used products or professional services, create private labels, or become a drop shipper. Amazon has something for everyone who wants to make money from home. So, while shopping for our favorite products on Amazon, don’t miss the boat of making good money on Amazon.
Designs Sell on Merch by Amazon
For anyone with a talent for art and design, Merch by Amazon is worth considering. To sign up for Merch by Amazon, you must submit a request and wait for a response from Amazon.
Merch by Amazon allows you to upload artwork and choose the type of product you want the design printed on, along with its color. Then all you have to do is add a product description and set a price for the item.
When people buy your product, Amazon handles the manufacturing, shipping, and customer service, and then pays you a royalty for each sale. The amount of the royalty depends on the type of product and the fixed price of your item.
Example: For a standard t-shirt that costs £17.99, the license fee is £3.29 (18% of the purchase price). However, for a sweatshirt that costs £27.99, the royalty is only £2.52 (9% of the purchase price).
If you join this program, do your research before you begin to ensure you make as much money as possible from sales.
As a bonus tip, Merch by Amazon is non-exclusive, meaning you could sell your designs through additional sites like Zazzle (which is also non-exclusive).
Work from Home as an Amazon Receptionist
.Amazon is fast becoming one of the largest employers in the world. After buying Whole Foods in 2017, Amazon now has about 650,000 employees.
Of course, not all of these employees work at Amazon’s headquarters in Seattle, Washington.
Many Amazon employees are remote workers, working from the comfort of their own homes.
How much money can I make as a home office worker at Amazon?
Approximately $30,000 per year as a full-time representative.
The income you earn as a work-from-home employee at Amazon depends on the position.
A quick look at Google shows that most of the jobs offered are in data entry and customer service.
In addition, Amazon introduced a minimum wage of $15 in 2018. So, as a full-time, home-based Amazon representative, you could make at least $30,000 a year.
How can I learn how to make money working from home at Amazon?
A Google search will help you find Amazon jobs. But if you prefer, you can also go straight to the source: Amazon Jobs
Sell items without Inventory via Dropshipping
If you don’t have a lot of money to start with but are looking for a way to make money on Amazon, dropshipping might be an option!
Dropshipping allows you to list products for sale without ever owning the inventory. That is, you simply list products for sale and once a customer places an order, you buy the product from your supplier at a lower price and have the order shipped to your customer.
You, the seller, make money without ever touching or seeing the product! Your supplier takes care of all the logistics for you.
How Much Money Can I Make Dropshipping on Amazon?
This method of making money varies widely in its returns.
The trick to dropshipping is finding a reliable supplier. Without one, consistently making money dropshipping will be difficult, although it can be done.
Work as an Amazon Agent.
If earning money on Amazon is not enough for you, there is of course the opportunity to work at Amazon.
There is such a wide range of jobs at Amazon that no matter what your skillset there is bound to be one that will suit you. Also, as a global brand, Amazon can offer great career opportunities
Like the idea of working there? Take a look at their careers page to see if any of their current job openings appeal to you – particularly their undergraduate and graduate opportunities.
These jobs will be very competitive, so it’s important to put a lot of time and effort into your application and do whatever it takes to make your resume stand out.
And if you do manage to land an interview with Amazon, make sure you’ve done your research and feel ready to answer the most common interview questions.