Amazon is America’s largest retailer, accounting for over 40% of all ecommerce sales.
It’s an enormous company, worth well over a trillion (with a t) dollars. Every hour, the company records $17 million in sales.
This is an enormous sum of money, and you can get in on it. As Amazon has grown, it has created dozens of ways for ordinary people to profit off of its platform.
While Amazon presents a boatload of money-making opportunities, not all of them are equally lucrative. After doing my research, I picked out these 6 methods for their relative ease and potential for growth.
Know that all of these potential income streams are legitimate endeavors that require time, attention, some potential investment of money, and research.
If you don’t apply yourself, these methods will be ineffective.
Before learning more about making money with Amazon, learn how you can make money on your own website in just 21 days.
1. Amazon FBA
FBA stands for ‘Fulfilled by Amazon’. What this means is that Amazon handles all of the shipping, handling and overall fulfillment of your products. You just ship your products to one of their warehouses beforehand.
FBA can save you a lot of time if your product sells in volume and you just don’t have the time to ship all of the orders yourself.
The FBA business model requires a lot of research before you start. It’s not like dropshipping where you only pay for inventory when an order is made. Like a traditional business, you have to make an inventory investment before you begin, adding a factor of risk.
But, risk will be present in any business venture. The risk in FBA can pay off brilliantly because it leaves you to specialize on the marketing of your products. If you don’t have to pay attention to fulfillment, you can spend a lot of your time and energy on branding, listing optimization, traffic, etc.
There are many ways to do FBA. You can resell cheap, Chinese made goods (similar to dropshipping), you can sell your own goods if you have an existing product, you can flip goods you find on other marketplaces, just be sure to do your research.
A lot of product categories on Amazon are ‘gated’, meaning most people won’t be able to sell them. They ask for resell licenses, proof of insurance, invoices, and all kinds of other paperwork. Even some ungated product categories have certain restrictions, so just make sure you’re operating within Amazon’s rules.
2. Amazon flex
Amazon broke records by processing over 600 transactions a second. That’s a lot of orders that need to be dropped off every single day.
To keep up with the enormous demand for Amazon products, they’ve started reaching out to ordinary people for help in their delivery system.
Like Postmates or UberEats, Amazon launched Amazon Flex for ordinary people to pick up and deliver packages in their car.
The only requirements to participate are to be older than 21, have a driver’s license, a 4-door midsized SUV to larger vehicle, and to pass a background check.
Amazon Flex drivers can take home a decent paycheck, making anywhere between $18 to $25 an hour.
3. Retail Arbitrage
One of the issues with selling on Amazon is the sourcing. Most cheap manufacturers are overseas, and the fees associated with sourcing from these far-off wholesalers can add up.
Many Amazon business models are avoiding this issue through retail arbitrage. Buy low, sell high.
These sellers put in a lot of research to find deals from their local retailers. Target, Walmart, Home Depot, etc. They put in the time to find deals, coupons, sales, etc. and then they take advantage of these openings.
There are many retail arbitrage sellers on Amazon making millions, but this business model requires a lot of work. The seller must research to find cheap openings, make sure these products are in demand, wake up early to be the first on in line to buy these products in bulk, and then stay on top of these products to restock once their inventories are depleted.
Many retail arbitrage enthusiasts will use the Amazon Seller app. It allows users to scan products to see what they’re selling for on Amazon. These sellers will spend hours going through stores scanning products to see if they can mark them up on Amazon.
4. Amazon Affiliate
You can make money on Amazon by selling other people’s products.
Many ecommerce entrepreneurs will build a site on WordPress or Shopify and then create listings that link to the product’s Amazon page when clicked on.
Any sales made through these links will give the Amazon Affiliate a commission, ranging from 4 to 8.5%.
These are low commissions, meaning that you will have to sell in volume to make a meaningful amount of money. You will have to drive large amounts of traffic to make the Amazon Affiliate program profitable, but if you can do this you can be incredibly profitable.
There are 7 figure blogs that make their revenue through the Amazon Affiliate program, and if you’re willing to drive the traffic then you can do the same thing.
5. Publish a Book
Amazon has come a long way from its original status of an online bookstore. While Amazon has now extended its influence into basically everything, they still put a lot of emphasis on the bookselling aspect of their business.
You don’t need to be an award winning author to publish a book on Amazon, anybody can do it.
Write and publish your own book? Sounds crazy, but it’s well within your capabilities.
Many of the most popular books on Amazon are short, under 100 pages. Your book doesn’t need to be a 500 page, 6 pound tome to get sales.
Take the time to do some research. After being a literature fiend for the past two years, I’ve come to finish dozens of books, and once you expose yourself to enough of these books you’ll discover that it’s not as hard as you think it is to be an author.
Immersing yourself in literature for some time will make writing come naturally.
6. Merch by Amazon
I’m a big fan of print on demand business model. This is where you design merchandise and a third party prints that design on a product every time you make a sale.
It’s like dropshipping. You never have to see the product, all of the shipping and fulfillment is done for you. You just need to provide the designs and market your products.
Merch by Amazon is a print on demand service that lets you sell branded merchandise through the Amazon marketplace.
There are no upfront costs and you get commission for each time a sale is made. Because Amazon handles the fulfillment of your merchandise, you can prioritize making (or outsourcing) good designs and marketing those designs.
Currently Merch by Amazon isn’t letting every seller in. You must apply to take part. But, you can just apply every few weeks and you will likely get in.
Merch by Amazon is great because you will be getting access to Amazon’s enormous, multi-billion dollar marketplace.
While Amazon has a lot to offer, what better way to make money than on your own website?
By operating on your own platform, you're given total freedom. Play by your own rules and operate your business with total control outside of the guidelines of a platform like Amazon.
We can help you build a business like this is just 21 days, click here to see how.
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