If you are similar to the majority of consumers, you are already aware of the wide range of excellent Amazon products that can be purchased from the online retailer.
However, what is not commonly known is that Amazon can also serve as a lucrative avenue for earning money. Regardless of whether you seek full-time or part-time employment, it is highly recommended to explore Amazon as a means to supplement your finances.
There appear to be numerous Amazon business prospects that can be utilized to generate additional income. Indeed, there are innumerable methods to earn money on Amazon, such as becoming an Amazon seller, affiliate, designer, developer, reseller, or merchant. The options seem endless.
The Benefits of Starting a Business on Amazon
Let’s start by exploring the various opportunities available on Amazon before delving into the prominent advantages of starting a business on this platform.
Work Remotely
Starting a business on Amazon allows you to generate additional income conveniently and securely from the comfort of your own home, whether it’s from your kitchen table or living room sofa.
Maintain Flexibility
The level of demand may differ among side hustles on Amazon. However, many positions offer flexibility and allow for ample time to pursue additional ventures. In fact, certain roles, such as becoming an Amazon affiliate, can potentially generate passive income effortlessly.
Use Amazon’s Infrastructure
Using Amazon’s infrastructure to generate income is the most advantageous aspect of beginning a side hustle on the platform. By utilizing Amazon’s top-tier cloud services, you can effectively operate a profitable venture without the need to manage any infrastructure yourself, which is truly remarkable. Additionally, specific Amazon services can even draw in potential customers, further enhancing the benefits of utilizing the platform.
Best Ways to Make Money on Amazon
After gaining a deeper comprehension of the advantages associated with selling on Amazon, it is time to explore several services tailored to assist you in generating income through this platform.
Fulfillment by Amazon
Suppose you have the intention of launching a business that sells silverware on a large scale. At first glance, it may seem like a straightforward endeavor. However, upon closer examination, you will realize that it encompasses crucial logistical factors such as storage, packaging, pricing, shipping, and other related aspects. Many individuals, particularly those who engage in selling items as a secondary occupation, lack the necessary space or infrastructure to accomplish this independently.
Amazon FBA is an advantageous solution that handles storage, selection, packing, shipping, and tracking of items for customers, providing useful product management services. By utilizing this service, you can efficiently run and expand your business, capitalizing on Amazon’s expertise. Additionally, you will gain entry to a management dashboard on Amazon, enabling you to manage your business and avail customer support whenever required.
If you are committed to starting a business from home that revolves around selling products or reselling, consider FBA seriously. It not only saves you a significant amount of time but also eliminates the need to hire a team to expand your business, enabling you to concentrate on your passion.
Kindle Direct Publishing
In the past, it used to be extremely challenging to have one’s work published. Independent authors would dedicate months or even years to writing their pieces, often without the chance of them ever being published. Their lack of resources and connections made it impossible for them to secure funding or collaborate with established publishing companies for printing opportunities.
With the advent of the internet, one no longer requires the backing of a renowned publishing house for being published. Instead, self-publishing is achievable through Amazon Kindle Direct Publishing, which is Amazon’s dedicated service for authors.
By using KDP, it only takes a few minutes for publishing, and the book becomes available on Kindle stores worldwide within 24 to 48 hours. You have the potential to earn up to a 70% royalty on customer sales, and there are additional opportunities for revenue through Kindle Unlimited and the Kindle Owners’ Lending Library.
One of the biggest advantages offered by Amazon is that you have complete authority over your publishing rights and listing prices. Moreover, you are given the flexibility to revise your work whenever necessary. Additionally, Kindle offers the benefit of free publishing for both eBooks and paperbacks.
If you are a writer aspiring to reach a larger audience or an already established author, give KDP a chance to connect with readers worldwide and increase your profits.
Amazon Associates
If your website or blog receives a significant amount of traffic, it is possible to generate income by utilizing Amazon Associates, which is Amazon’s affiliate program.
In summary, affiliate marketing is a type of business arrangement where companies compensate partners for effectively promoting their products. As an illustration, individuals can opt to include a hyperlink or advertisement for a specific website, and receive payment when visitors click on it and make purchases. Amazon provides associate commissions of up to 10% for eligible purchases and programs.
The beauty of the Amazon Associates program lies in its ability to assist you in finding products that align with your customer base and brand. Whether you manage a food blog or any other niche, Amazon can facilitate connections with relevant manufacturers and suppliers. For instance, if you write about kitchen supplies, they can link you to a food processor, or if you mention a specific food item like maple syrup, they can connect you with an appropriate company.
One more appealing factor of Amazon Associates is the chance to generate passive income, which refers to earning money with minimal or no ongoing effort. By simply inserting a well-placed link, you can let Amazon take care of the rest, allowing you to consistently earn money without dedicating numerous hours each week to work.
How Influencers Can Leverage Associates
If you have a significant number of followers as a recognized social media influencer (or aspire to have), it is advisable to contemplate using Amazon Associates as a means to generate revenue from your content.
By adopting this strategy, you can increase your earnings and allocate more time towards generating engaging content, as all the backend tasks are handled by Amazon.
Amazon Services
Workers who offer services instead of products can now benefit from Amazon’s new service offering for home and businesses, presenting an opportunity to earn money through their platform.
The Services platform enables you to connect with individuals in your vicinity who require your assistance. Whether you specialize in offering guitar lessons or possess exceptional furniture assembly skills, the Services platform functions similarly to TaskRabbit or Craigslist, facilitating connections with local community members seeking aid.
It is important to note that in order to utilize this service, you must possess general liability insurance. Moreover, should you undertake a task via Amazon’s platform, you will be required to share a portion of your earnings with them.
The great thing about Amazon is that they don’t impose any fees for listing your services or advertising, making it an excellent opportunity to generate income and expand your business through their platform.
Amazon Handmade
If you enjoy creating homemade items such as t-shirts, mugs, or scarves, it would be worth considering Amazon Handmade. This service operates similar to platforms like Etsy or eBay, providing a virtual marketplace for talented individuals to sell their crafts.
Listings on Amazon Handmade are free and do not have an expiration date. Nevertheless, a 15% referral fee is deducted from the overall sales price by the company, in addition to shipping charges.
Amazon Handmade is popular among artists due to its ability to connect them with a customer base of more than 300 million individuals, thereby offering instant access to global customers and an opportunity for independent artists to establish their reputation.
Amazon Merch
Having the ability to draw or create artwork is a valuable skill. It becomes even more advantageous when you can turn your ideas into profit. Thanks to the Amazon Merch service, this process has become incredibly convenient.
Selling your designs is made easier with Amazon Merch. The only steps you need to follow are creating an account, uploading your image, optimizing your product page, and setting a list price. After that, Amazon takes care of printing and shipping the sold items swiftly through Prime. You can receive monthly royalty payments for your sales.
For those who seek to share their ideas freely, this service proves to be beneficial as it eliminates the need to purchase materials, print items, or handle shipping.
Mechanical Turk
Mechanical Turk (MTurk) was conceived by Jeff Bezos, the founder of Amazon, and its name was derived from an 18th-century chess-playing contraption called the automaton, which was commissioned by Austrian Empress Maria Theresa. This device cleverly deceived challengers into thinking they were competing against a fully automated chess machine, while in reality, there was a concealed person operating it.
If we fast forward to the present, MTurk now serves as a platform where workers can utilize their skills to complete tasks available in the MTurk marketplace. The basic idea remains unchanged: certain tasks, such as recognizing objects in photos or videos, or transcribing audio recordings, continue to be more efficiently performed by humans than computers.
Although earning only a few dollars per hour on MTurk may not be lucrative, it can still be considered as an option for those seeking to broaden their income sources. Ultimately, every dollar is valuable.
I have some advice for you: Be cautious of opportunities similar to this one that might exploit your work without fairly compensating you for the time you invest. Your time holds more value than this and there are alternative Amazon services that can result in significantly greater earnings compared to MTurk.
Deliver goods for Amazon
You are likely aware of Amazon’s independent delivery service. However, were you aware that you have the opportunity to become a driver for Amazon’s delivery fleet?
If accepted, all you need to do is answer a brief questionnaire and download Amazon’s app to begin earning money through their Flex program.
Imagine Uber, but for delivering Amazon packages.
How much money can I make on Amazon working as a Flex driver?
Approximately $100+ per day.
Flex’s homepage states that Amazon compensates drivers in the range of $18 to $25 per hour, with shifts usually lasting five hours.
I’ve also been informed that drivers are compensated for the full five hours, even if they complete their shifts ahead of schedule.
$100+ per day is quite a good deal.
How can I learn to make money on Amazon as a Flex driver?
The most effective way to learn how to excel with Flex is by referring to their website, Amazon Flex.
Become a blogger
Did you ever have the desire to begin a lifestyle blog, share how-to videos or recipes, or in any other way, make your thoughts and ideas accessible to the public? Well, you now have the opportunity to earn money through Amazon while pursuing those interests!
Imagine this scenario: you stumble upon an interesting product on Amazon, share the link with your friends, and receive a commission if they make a purchase. By distributing that link on your blog, social media platforms, or even through email, it reaches a considerably larger audience, enabling you to earn a significantly higher amount in commissions.
This is the manner in which the Associates program of Amazon operates.
Amazon Associates is a program designed for affiliates, enabling them to acquire exclusive links for sharing purposes upon registration.
You will earn a percentage of the sale when a purchase is made after sharing the link.
How much money can I make as an Amazon affiliate?
This money-making method varies greatly in its returns.
The Amazon Associates program is likely the most favored affiliate program online.
Even though the commission percentages are not very high, typically ranging from only 3-5%, the conversion rates and volume of sales you generate through sharing those links compensate for it.
Making a significant amount in sales commissions can be challenging unless you possess a decent social media or blog following as an internet influencer.
How can I learn to make money on Amazon as an Amazon affiliate?
Take a look at our detailed manual on ways to earn money as an Amazon Affiliate.
You will gain comprehensive knowledge about the Amazon Associates program from this guide, equipping you with the skills to commence earning by promoting Amazon products.
