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Looking for a stream of side income that doesn’t require a hefty up-front investment? In this guide, we’ll explore every single method for bringing in extra cash on Amazon.
Whether you’re a stay-at-home mom looking for a new project or a small business owner in search of some extra sales, read on for how to make money on Amazon. Let’s get started!
Sell Private Label Products
Want to create your brand, but outsource the design and production to Amazon? Private label selling is your best bet. With a private label, you find a supplier of the product you want to sell, create your branding, and sell through Amazon.
How to sell private label products
- Research products that are in demand and have low competition on Amazon. You can use Amazon analytical tools to find product ideas.
- Find a supplier who can offer you quality products at a reasonable price point.
- Create your own branding, including logo, packaging, and product descriptions.
- List your products on Amazon and market them to buyers.
- Monitor your sales and adjust your marketing efforts as needed.
Private labeling can be a great way to create a successful side hustle on Amazon. By doing your research, finding a good supplier, and putting in the work to market your products correctly, you can see significant profits from this type of selling.
Resell Products
This is one of the most popular methods for making money on Amazon, and it’s pretty straightforward: you find a product to sell, purchase it from Amazon (or a third-party seller), and then resell it for a profit.
There are a few ways you can do this: wholesale, online arbitrage, retail arbitrage, and dropshipping.
Wholesale Selling
On Amazon, wholesale selling means purchasing items in bulk directly from a brand or manufacturer and then reselling them individually. This is an excellent option if you want to start your own business, as it allows you to control the pricing, marketing, and distribution of your products.
Once you’ve found a brand that sells wholesale, you’ll need to create an account as an Amazon Seller. Then, it’s just a matter of finding products that you think will sell well on Amazon and ordering them in bulk, making sure to factor in any shipping fees when calculating profit margins.
Remember: there are often licenses and tax regulations associated with wholesale selling, so be sure to do your research before getting started.
Online Arbitrage
This method is much like wholesale selling, but with a few key differences. With online arbitrage, you’ll be looking for products to sell on Amazon that are being sold at a lower price on other websites – not sourcing directly from brands or manufacturers.
This can be a great way to find products that are in high demand but not readily available on Amazon. You’ll need an Amazon Seller account and access to the Amazon Seller Central platform to get started.
You can then look for discounted items from stores like Walmart, Target, and eBay and order them for resale on Amazon. Just be sure to factor in shipping costs and Amazon’s fees, when pricing your products.
Retail Arbitrage
With retail arbitrage, you will source your items from brick-and-mortar stores. This is an excellent option if you’re looking for products to sell on Amazon that are not available online.
For this type of arbitrage, you’ll need to find a physical store that sells the products you want to sell on Amazon. Once you’ve found them, take a picture of the product’s barcode and price tag, and then use that information to create a listing on Amazon.
Dropshipping
Of all of the reselling methods, this one is perhaps the trickiest to wrap your head around – but it can be a great option if you’re looking to get into the Amazon reselling game without carrying any inventory yourself.
Dropshipping is when you partner with a supplier who will ship products directly to your customers on your behalf. This means that you never have to worry about keeping stock on hand, as the supplier will provide that for you.
To get started, you’ll need to find a supplier who offers dropshipping and then create an account with them. You can usually search online for “dropshipping suppliers + [your niche]”. Once you’ve found a supplier, you’ll need to provide them with your Amazon listing information.
How the transaction process works
- First, you find a product to sell on Amazon stocked with a wholesaler.
- You join an already existing product listing or create a new one.
- When someone orders the product, you purchase it from the supplier and ship it directly to the customer.
- The supplier will then invoice you for the cost of the product plus shipping.
- You’ll then pay the supplier for the product and keep the difference as profit.
It’s important to note that Amazon has a few rules about dropshipping. The main warning is that you cannot, under any circumstances, dropship via another online retailer like Walmart. Amazon will suspend your account if you order from online stores using the customer’s details – so stick with wholesalers and manufacturers only.
Merch By Amazon
Merch By Amazon has been running since 2015 as a way for artists and designers to create t-shirts and sell them directly on Amazon. Amazon takes care of all production, shipping, and customer service for you; create a design, choose the colors and sizes you want to offer, and set your price.
When someone orders a shirt from your store, Amazon prints it up and mails it to the customer. You get paid a royalty based on your price set, and there’s no limit to how many shirts you can sell.
You don’t need any design experience to get started, but there are a few things you should know before you get started:
- Merch By Amazon is an invitation-only program, so you’ll need to be approved before you can start selling.
- You’re responsible for creating your own designs that must meet Amazon’s design guidelines.
- Your account must be in good standing to be considered for Merch By Amazon.
Apply as a vendor through your Amazon Seller account, and once approved, you can start creating designs and listing them for sale!
Amazon Affiliate Program
Are you the owner of an established blog, website, or social media profile? The Amazon Affiliate Program is an excellent way to earn a commission on products sold through Amazon. Here’s how it works:
- You sign up for the program at https://affiliate-program.amazon.com/
- After filling in your details, you can begin creating links via the Amazon Associates Central page.
- Whenever someone clicks on one of your links and makes a purchase on Amazon, you earn a commission.
Commissions vary based on the product but typically range from 4% to 8%. The great thing about the Amazon Affiliate Program is that there are no restrictions on what products you can promote; as long as they’re sold on Amazon, you’re good to go.
Amazon Flex
People wanting to earn money in cities and metropolitan areas will love Amazon Flex, an Amazon program that allows people to deliver packages for the company. Earning potential is based on hours worked, with drivers making around $25 per hour.
The Amazon Flex program is perfect for you if you’re not interested in reselling products or working as an Amazon affiliate. There’s no cap on earnings, so you can keep making money as long as you continue to deliver packages.
Requirements for joining Amazon Flex include successfully passing an information and background check, so it’s essential to read up on all the details if this is something you’re interested in.
How to start driving for Amazon Flex
- Visit the Amazon Flex website and download the app, after which you can complete the background check (among other beginning-of-the-journey tasks).
- You can then start selecting the delivery blocks that work best for you.
- Once you’ve been approved and started delivering packages, you’ll begin receiving earnings that can be deposited into your bank account.
It’s as easy as that to get started making money with Amazon Flex – and it lives up to its name as one of the most flexible money-making opportunities around.
Mechanical Turk
Crowdsourcing marketplaces are growing more and more popular by the day, and Amazon’s Mechanical Turk is one of the most well-known platforms in the space.
Mechanical Turk (MTurk) is a site where businesses can outsource small tasks to a global workforce. Duties might include identifying objects in photos, inputting data, or transcribing audio recordings.
The idea behind MTurk was to create a ‘human machine’ in which businesses could easily find workers to complete small tasks, and workers could find quick, easy jobs that fit around their other commitments.
How to get started
- Register for a Worker account on MTurk and fill out the necessary information.
- Once approved, browse the available tasks and choose those that interest you.
- Read the task requirements carefully before submitting your proposal.
- Make sure to offer quality work, as requesters will not release payment if the task is not completed satisfactorily.
- When you’ve completed a task, submit it for review and wait for the requester to approve your work.
- Once approved, payment will be deposited into your Amazon Payments account.
If you’re looking for a consistent stream of side income, MTurk is a great option. Just make sure to keep an eye out for scams, as you would with platforms like Freelancer, Upwork, or Fiverr.
Amazon Launchpad
Launchpad is a section of Amazon that helps startups sell their products. It’s free to join – you’ll need to apply with your innovative new release, and Amazon will approve if they see the potential.
Once your product is approved, you’ll gain access to Amazon’s massive customer base, world-class logistics, and exclusive marketing opportunities. It’s a great way to get your product in front of millions of Amazon shoppers.
Tips for Amazon Launchpad
- Keep your branding simple and consistent across all platforms. Amazon is a visual platform, so your product needs to look great on the page.
- Use high-quality images and videos to showcase your product.
- Make sure your product listing is complete and accurate. Incomplete or inaccurate listings may lead to fewer sales.
If you’re a startup with a great product, Amazon Launchpad is the perfect place to sell it. Just make sure you’re prepared for the uptick in sales and can handle customer inquiries.
Summary
Amazon is one of the most popular and well-known e-commerce platforms globally. It’s no secret that Amazon is a great place to sell things – but most people aren’t aware of the many ways to make money on Amazon and how simple it is to get started.
