How to earn money with Amazon
October 13, 2020
Online business is the coolest, easiest, and even the fastest business you can do to make good money. Online business has opened lots of opportunities for people to start up businesses that’ll fetch them cool cash. In other words, with an online business, the days of running after companies for jobs are over!
One of the best platforms for making money online is Amazon. Yes. You saw it right. Amazon!
There are various ways of making money on this online platform. Many people don’t know this. Most people think Amazon is just for ordering products and services alone. Contrarily, there’s more to the bountiful goodies Amazon has to offer!
Earning money on Amazon
Amazon is the biggest online retailer in the whole wide world. There are more than 2.5 million sellers selling millions of products on the Amazon market. Check out the number of sellers on Amazon again. They are in millions!
That is to let you know that there are lots of people making money on Amazon. It wouldn’t be bad if you add to the number of these Amazon sellers. The amazing part of the Amazon market is that you don’t need to have a product to be a seller! A large percentage of sellers on Amazon don’t have products, and these people are making big money.
The market is free and open to only those who know how to earn there. That is what we’ll show you here.
Below are some of the easiest ways of making money on Amazon:
1. Sell products with Amazon FBA
Ever heard of Amazon FBA? The FBA stands for “Fulfilment By Amazon”. You can make a lot of money by selling products with Amazon FBA. How the platform works is quite simple. It simply involves the following:
- Become an Amazon seller.
- Buying wholesale products. You can buy goods from popular sites like Alibaba and other similar platforms.
- Ship your inventory to an Amazon fulfillment center.
When you join the Amazon FBA network, product delivery to customers will be done by Amazon for you. If you want to avoid the Amazon extra charges, you can ship the products yourself. But if you want to sell products on a convenient, fast, and productive scale, Amazon FBA is recommendable.
So, how do you make money? It’s quite simple. You make your money by selling products at higher prices than you brought them through Amazon. That’s all!
2. Sell Handmade Goods
Amazon is the best platform for selling handmade goods. Quality handmade products carry an aura of elegance, uniqueness, and rare beauty that can’t be found anywhere else except the only source it’s gotten from. This makes handmade products a top demand in the Amazon market.
If you got a flair for making things at home with your skillful hands, then Amazon Handmade is the right hub to join. There are sellers from over 80 countries in the world selling handmade products on Amazon.
Amazon is no platform to be fooled. Attempts in selling products that are not handmade are discovered by Amazon’s artisan-only application and audit process. The genuineness and authenticity of all products will be properly scrutinized.
Handmade products have direct and straightforward prices. There’s an instance of hidden fees or listing fees. Everything is as clear as day. All that is required of you is to pay 15% on each sale as a referral payment to Amazon.
3. Publish your own Books
Do you love writing and desire to have your works published? Amazon is the best platform for you. You don’t only get to have your writing published, you’ll also earn massively when you have your book published on Amazon.
Digital books can be published on Amazon Kindle Direct Publishing (KDP). Unlike a physical publishing house that’ll take several days to get your works published, it’ll take you nothing more than 5 minutes to have your book published!
After getting your book published, it will be available on Kindle stores in the next 24-48 hours on a global scale. That means your book will be accessed by anyone across the globe. What more could a writer want?!
Amazon gives writers the chance of setting prices for their self-published books. 70% of the royalties on Kindle sales will belong to the writer. What’s more, writers can make adjustments and make changes in their book content anytime. This does not hinder you from making money. In fact, it can boost your chances of earning more.
If you want to feel the texture and smell of your work in hardcopy, you can have your books published in hard copies by using CreateSpace. You can also use ACX to create engaging audiobooks you can sell on Amazon.
4. Sell professional services
Most people think Amazon is only a product-based marketplace. The Amazon market is far bigger in scope than this. It is a big market for offering not only tangible products but also professional services.
Not every seller on Amazon has products to sell. Other sellers offer professional services as their products. What does this mean to you? It simply means you don’t have to be a product seller before you can earn on Amazon!
By offering professional services to people, you can be making lots of money on Amazon. You can sell your professional services through Amazon Services. Joining the Amazon Service program has no monthly fees or costs. You’ll however pay a portion of your revenue share on each job completed.
There are different professional services you can offer on Amazon. Some of the popular service categories are:
- Home maintenance.
- Health and beauty.
- Home maintenance.
If you have skills that match with any of the above-listed services, you can apply online to join the program. Amazon Services can be joined by both freelancers and registered businesses.
Amazon can be your money-pumping platform if you make use of it well. Money can be made daily in this massive and global market. Only a few people know this information.
Information itself is a priceless asset. In this article, we’ve given you helpful information that can change your financial story from zero to hero. So, what are you waiting for? To maximize the Amazon market and make money!