6 Ways to Make Money on Amazon
It’s hard to believe Amazon started off as a small website selling used books. The world’s largest retailer, with now worth over $602 billion, continues to grow exponentially, and some financial experts predict the company will soon be worth $1 trillion.
Amazon isn’t just your go-to place for online shopping, the company also produces TV shows and movies through Amazon Studios, and for $13 billion, claimed their stake in the grocery business with their purchase of Whole Foods in 2017. Amazon also owns Zappos, IMBD, Audible, Good reads, and Twitch.TV, to name a few.
As the company grows, so has its marketplace for sellers, and because the company offers so many services and products, they’re able to carve out unique jobs and side hustles for people who want to earn extra money, work from home, and of course, become a seller.
Real Ways to Earn Money on Amazon
If you’re ready for to explore ways to make money with Amazon, these are some of your best options.
As far as I am concerned, anyone that has considered taking an action in obtaining skill sets career in internet marketing with these latest tools and strategies I mentioned, becomes a successful online marketer. However, just as it is important to take action in anything you really want in life, it is also extremely important to continue practicing your skill sets. Practice leads to perfection; and, by implementing these strategies I have mentioned, you are going to be set yourself up for success in internet marketing anywhere in the world. You can begin your new career now by clicking the following statement: I want to start my new career venture with affiliate marketing now.
1. Become an Amazon Affiliate, Amazon Associates
Affiliate marketing is a brilliant way to make some passive income if you have a blog or website that generates a decent volume of traffic. Become an Amazon affiliate and earn a commission by putting special affiliate links to various Amazon products on your site. The idea is to promote products that align with your blog or website’s mission. So, if you have a website about how to travel efficiently, you may promote items such as packing cubes, sturdy suitcases or wrinkle-free clothing. Each time someone who comes through your website clicks on the affiliate link, you’ll earn some money. You can earn anywhere from 4% to 8.5% of a sale. Keep in mind that commissions are generally really low, which is why you need a significant amount of traffic to your site. The more page views you have, the more chances are that the links will get clicks. No traffic means no chance that anyone will see those links to be clicked on. Amazon offers a progressive earnings structure on the majority of merchandise and the more clicks and purchases you get from your site, the more you can make. This is the best and my top recommendation. Get A skill set here and start selling on Amazon.
2. Private Label Your Product
In order to avoid some competition on Amazon, many sellers have opted to private label their item, which means they are registering it on Amazon as their own. The process for private labeling is more complicated than simply buying an item from Alibaba and selling it. The upside to selling your own branded product on Amazon is that you always have full control for your listing and you can make changes to your product, if you need to. Let’s say your customers complained about a particular feature of your product, you could then make modifications to it.
For example, let’s say you sold pencils, but noticed a lot of the negative reviews mentioned that they wished the eraser worked better, and that the pencil itself was wider, for better grip. You can then take those recommendations from reviewers and craft your own pencil and get it trademarked.
3. Retail Arbitrage
This is the opposite of private labeling. Retail arbitrage simply means buying low and selling high. Some sellers make their entire living on just retail arbitrage and have carved out a lucrative niche for themselves.
A lot of sellers who do retail arbitrage try to avoid the cost of shipping (i.e. shipping from China is very expensive and eats into your profits), so they simply drive directly to the location and load up on cheap items they think will sell.
Therefore, many sellers spend a lot of time cruising through their local Walmart to find the best and cheapest deals on just about anything. They buy up as many items that are on clearance and then sell it on Amazon.
I heard a podcast on Side Hustle Nation where a couple made their full-time living on retail arbitrage on Amazon and made over a million dollars in sales every year.
Their strategy was pretty simple. Check out their local Walmart and use an app to scan items to see how much it’s selling for on Amazon. (Here is a useful comparison of two of the best scanning apps Amazon sellers use.) Then, they use their knowledge of what’s been successful in the past to decide whether they think it’ll be a product worth selling.
This couple went to the Walmart near their home so often that they knew all the sales managers and would often be given a discount for buying up all the video games, which sometimes involved purchasing hundreds of them at a time.
Retail arbitrage isn’t for everyone, because it involves a lot of research and time to find places that are having crazy liquidation and clearance sales (there are even sites you can subscribe to that will give you the inside scoop on where to go for the cheapest liquidation sales), plus it will most likely involve driving to the retail location to pick up the items.
4. Work As a Delivery Fulfillment Warehouse Associate
If you’re in the proper location, you can apply to be a delivery warehouse associate for their fulfillment centers, sortation centers, delivery stations, Prime Now locations, Campus Pickup Points and customer service centers.
You can filter your search by full or part-time positions and by location.
5. Amazon Flex
Sometimes when I order from Amazon, I notice plain-clothed delivery associates delivering my packages.
Amazon’s same-day delivery option for customers has sparked a need for more delivery help in various metropolitan areas. If you have a reliable car and a smartphone, consider delivering goods through Amazon Prime.
The company currently pays anywhere from $18-25 per hour and you need to download the app and answer a few simple questions before you can get started. They emphasize flexibility and availability of shifts, but the downside is there aren’t always opportunities in your area.
I have a friend who does this to earn extra income, and he says he often finishes his shift a few hours early, but still gets paid for the entire five hours, or preset hours.
Of course, this may not be true for everyone who delivers for Amazon, but it’s a nice to know you can finish early but still get compensated for the agreed upon time.
6. Work from Home for Amazon
If you want a job where you can be home-based, consider a spot on Amazon’s virtual customer service team, also known as Amazon’s Work-from-Home Customer Service Associate.
Virtual opportunities aren’t available everywhere but If you live in a certain area, you may be able to apply for Amazon’s “work-from-home” positions, given that you’re qualified and a right fit for the position.
The base pay is $10 an hour and full and part-time positions are only available in certain areas, however, you can filter your search by the work-from-home category and by location.
This is more of a seasonal position but has the potential to become a permanent.
There were all kinds of positions listed, such as customer service rep positions for those who speak a second language, other than English.
There are also non-customers service positions that those with a qualified tech background could potentially apply for, such as cloud tech account managers and technical trainer.
Thank you for reading my blog, if you do have any questions about my blog, or you have any other questions relating to website creation and building or selling on Amazon, please leave them below and I will be more than happy to help you out!
John J J