How to Make Money on Amazon 10 Proven Ways 2023 – Gomahamaya
Have you ever thought that you could make money from an e-commerce website? If your answer is no, you might not have heard about Amazon. Over the years, Amazon has become one of the most powerful and giant e-commerce websites that have opened the gateway for amazon to make money for millions of shoppers. There are multiple ways through which you can make money on Amazon. You can join the Mechanical Turk marketplace and get paid for accomplishing virtual tasks, selling books online on amazon, publishing an ebook or printed book through Kindle Direct Publishing, etc.
There will be no question if we say that Amazon is one of the most profitable companies. Many of us spend money on Amazon, but today you will learn how to make money on amazon. This article will give you a comprehensive list of ways to make money on Amazon.
The Best 10 Ways To Make a Good Amount Of Money On Amazon
- Apply for Amazon Launchpad
- Selling Goods on Amazon With Amazon FBA
- Publish Your Books at Amazon
- Sell Handmade Books
- Start Affiliate Marketing
- Sell designs via Merch by Amazon
- Deliver With Amazon Flex
- Earn From Freelancing Work for Amazon Sellers
- Work From Home as an Amazon Representative
- Retail Arbitrage
1. Apply for Amazon Launchpad
Amazon Launchpad is a programme that assists entrepreneurs in launching and boosting the sales of unique, innovative, or sustainable products on Amazon by giving them a premium benefit and making money to sell. Suppose you are a seller of amazon handmade and some particularly innovative products and have an exciting brand story to share. In that case, you could try to apply for Amazon Launchpad and start selling for amazon. However, your application will be reviewed case by case, which means there is no assurance that you will be accepted.
Although once you are approved, you will get access to add selling on amazon features like customer engagement tools, increase your brand chances to appear on the Amazon Launchpad homepage, and strategic support from the onboarding manager that assists you in developing your business.
Benefits Of Amazon Launchpad
- Strategic Support
- Customer Engagement Tools
- Amazon merchandising
- Global Expansion
You should remember that if you sell at Amazon Launchpad, you will need to pay an extra 5% referral fee on top of the standard referral each time you sell.
2. Selling Goods on Amazon With Amazon FBA
Fulfilment by FBA amazon business benefits all sellers as it adds the force of Amazon’s distribution network behind your products. However, there are a few steps to making money selling on amazon on this platform and earning money with Amazon FBA;-
- Find and source your product. One popular way to sell at amazon is to use Alibaba or a similar platform to source items. You can make a private label with unique branding.
- Become Amazon Seller;- Another way to sell digital products on Amazon is by joining Amazon Seller Central for $39.99/month.
- Give your products to Amazon;- Pack your goods and ship them to an Amazon fulfilment centre so that they can distribute your goods.
- Wait for customers to buy;- When someone purchases your product directly from Amazon, Amazon further delivers the order for you. You can always ship the products yourself to avoid giving an extra fee to Amazon. However, FBA will be your wise choice for the best things to sell on Amazon at scale.
If you buy products at a low price and mark them up, you can make money with Amazon FBA.
3. Publish Your Books at Amazon
Being a writer, you always have a dream to publish your piece of writing. Your dream can get a good and authentic platform with Amazon book-selling Kindle Direct Publishing (KDP). You can publish and sell books online Amazon your digital books through it easily as it takes less than five minutes to publish. Further, your book will be available on Kindle stores across the globe in two days maximum (24-48 hours), and you can make money from Amazon.
In addition, Amazon allows you to set the price of your self-published books. As a royalty, you will earn up to 70% making money from Amazon on Kindle sales. Further, you can also make any changes to your content. This sell book Amazon platform is a great way to make a good amount of money if you have written books already. It’s free, so you can create and sell books on Amazon, allowing you to see your name in print without a traditional publisher. Try this way today to make money on Amazon.
4. Sell Handmade Books
There is a huge demand for handcrafted goods in the market full of artificial goods that have increased over the years. Amazon Handmade will be the best platform if you have been making things at home and want to sell things on Amazon to earn from them.
Go through the stats of this market. You will find that sellers of more than 80 countries are connected with this and have been successfully selling their handcrafted products via Amazon and getting passive income on Amazon. It has an artisan-only application and audit process, ensuring that any products that come for sale from Amazon are genuinely handmade.
Although, the pricing for Amazon handmade sellers is very non-negotiable. They do not ask you to pay any listing fee at all. But you will need to pay money Amazon a 15% referral fee on every sale you make. Due to its vast expansion, your product will likely reach more customers on Amazon than on other platforms.
5. Start Affiliate Marketing
Out of all the multiple ways, making money with an Amazon affiliate is one of the great ways to earn money without selling commodities or anything. Connecting with Amazon Associates Program can leverage your running website or blog.
With this program, Find the best products to sell on Amazon affiliate, and you can earn money from the Amazon affiliate program up to 10% advertising fees from qualified purchases. AffiliateAmazon marketing involves sharing links to products online, like on social media or on your blog. If people purchase things through your links, you can make money with the Amazon affiliate program from sales at no extra cost to the buyer.
Further, if you have a good fan base across social media profiles, you could consider applying to become an Amazon Influencer. It involves promoting products and make money selling on Amazon. However, Amazon will give you your page where you can choose which items to promote.
6. Sell designs via Merch by Amazon
If you are into art and design, then Merch by Amazon is just available. There is no long process for signing up here; you will need to submit a request and wait for their response.
With Merch by Amazon, you can add your artwork and select the types of products on which you would like the design to be printed and earn money selling on Amazon. Further, you need to add the product descriptions and set a price for the particular items. When people begin to buy your product, Amazon will take care of your production, shipping, and customer service, and then you will be paid a royalty for each sale this will be your passive income selling on Amazon.
There is no advance cost they ever ask you to pay to join Merch by Amazon. However, you will need to fill out an application form to be considered for this, as they do not qualify everyone. The best thing about this is that you can give your time to creativity and feel free about shipping and production. This is one of the best ways to get money from amazon.
7. Deliver With Amazon Flex
You must have seen drivers delivering parcels to people’s doorstep and probably at your place. So, if you are looking for a list of ways to make money & part-time job to earn money in your spare time and if you can drive, then delivering parcels through Amazon Flex could be proven to be your most straightforward and most practical decision.
Most drivers connected with it can make money on Amazon, about 18$- $25 per hour, as delivery drivers. However, your earnings can be tracked through the Amazon Flex Mobile App. As in its name, the position is flexible. As an Amazon Flex delivery driver, you would be responsible for all the driving costs like parking, tolls, and many more. If you are making money with Amazon at 18$ an hour, some of your earned money might be spent on driving costs.
However, it is still an excellent choice to make money off Amazon, and flexible hours would benefit students.
8. Earn From Freelancing Work for Amazon Sellers
To sell a product on Amazon means a lot of work. And for this purpose, some sellers need help with various aspects, like Amazons top selling products of their online store, which is where the door of earning opens for you.
Assisting different ways to sell on amazon does not mean helping them in selling merely but also in some other activities. If you are not keen on selling things, you can help them in different ways on a freelance basis. For example, if you are good at writing, you can help them in proofreading and also aid them in uploading the product descriptions. Or, if you are good at accounts, you can help them manage their account books. Further, if you go through our recommendation, we suggest you use Fiverr and showcase your freelance services to the sellers. Indeed, this is the best place to start making money through Amazon.
9. Work From Home as an Amazon Representative
Many people are working for amazon from sitting comfortably in their homes and making money online Amazon. The customer services team supports 16 languages from more than 130 locations worldwide.
You can join a team of virtual customer service representatives and solve customers’ queries. So if you want to help Amazon customers while sitting comfortably on your cushion, this could be your best job. It also gives you the benefits of healthcare and 401(k) plans, i.e., employer-sponsored retirement plans. Also, you can work from home either part-time or full-time. Connect with Amazon today, leverage the benefits from home, and make money on amazon.
10. Retail Arbitrage
Sourcing inventory overseas might take a higher amount of money with Amazon as shipping costs, and Many sellers avoid this by taking advantage of retail Arbitrage. Retail Arbitrage is buying inventory from local retailers and selling them on Amazon for a profit.
The process is quite easy as you need to visit your shopping market and search for the available products at a discounted price. Further, list those items on Amazon with a markup. You can also consider online Arbitrage, but usually, you will get the best discount in-store. You can take eBay as an option for buying products as it offers a good discount. Also, you do not need to initiate a massive inventory of products. Amazon signs up to sell today and make money online Amazon.
Amazon is one of the big e-commerce websites with multiple sectors that let people earn with whatever skill they have by performing the assigned activities. There are several ways to be a part of Amazon and the best way to make money on Amazon. In the above content, we have listed the best ten ways through which you can make money on Amazon. Please read it thoroughly and start earning from today.