You can make money with Amazon.
Amazon isn’t just a marketplace where you can spend your money. In fact, Amazon offers many opportunities for side hustlers to earn income, from selling products to leveraging affiliate marketing.
Top Ways to Make Money with Amazon
- Retail Arbitrage
- Private Labeling
- Fulfillment by Amazon (FBA)
- Amazon Associates Program
- Kindle Direct Publishing (KDP)
- Amazon Flex
- Amazon Mechanical Turk (MTurk)
- Merch by Amazon
- Amazon Handmade
- Amazon Influencer Program
- Amazon Video Reviews
- Audible Audiobooks
- ACX by Audible
The following are ways to make money with Amazon by taking advantage marketplace and customer reach.
1. Retail Arbitrage
Retail arbitrage is a tried-and-tested method for earning money on Amazon. This strategy involves purchasing products at a low price from retail stores or online marketplaces and then reselling them on Amazon for a profit. Savvy arbitrageurs leverage Amazon’s customer base and fulfillment network to reach a broader audience and maximize profits. Arbitrageurs can capitalize on pricing discrepancies to generate significant returns by identifying products with high demand and low supply.
Think about buying clearance items at local stores like Walgreens, Walmart, and Marshalls and selling them online.
2. Private Labeling
Private labeling entails creating your own brand of products and selling them on Amazon’s platform. This approach allows entrepreneurs to differentiate their offerings and establish loyal customers. Sellers can effectively scale their business and generate consistent revenue by sourcing products from manufacturers, applying their branding, and leveraging Amazon’s fulfillment services. Success in private labeling often hinges on thorough market research and strategic branding.
Think clothing line, kitchenware, or furniture.
3. Fulfillment by Amazon (FBA)
Fulfillment by Amazon (FBA) is a game-changer for online sellers who are looking to streamline their operations and scale their business. With FBA, sellers can outsource the storage, packaging, and shipping of their products to Amazon’s warehouses. This frees up valuable time and allows sellers to benefit from Amazon’s Prime shipping program and enhanced visibility on the platform.
By using FBA, you can focus on growing your business while Amazon handles the logistics, ultimately leading to increased sales and profitability.
4. Amazon Associates Program
The Amazon Associates Program is an opportunity for individuals to monetize their online presence through affiliate marketing. Participants can earn commissions by promoting Amazon products and driving traffic to the platform by joining the program. This can be accomplished through various channels, including websites, blogs, social media, and email marketing.
With its product selection and commission rates, the Amazon Associates Program offers an accessible way to generate passive income.
5. Kindle Direct Publishing (KDP)
Kindle Direct Publishing (KDP) provides aspiring authors and content creators a platform to publish and sell e-books to a global audience. Whether you’re an established author or a first-time writer, KDP offers a straightforward, cost-effective way to distribute your work and earn royalties.
Authors can reach millions of readers and maximize their earnings potential.
In addition to the more traditional methods of earning money on Amazon, such as retail arbitrage and affiliate marketing, Amazon offers several side hustles you can explore to generate income.
6. Amazon Flex
Amazon Flex offers the opportunity to earn money by delivering packages to customers using their own vehicles. This flexible gig allows drivers to choose their own schedule and work as much or as little as they want. It’s a convenient way to earn extra income in your spare time.
7. Amazon Mechanical Turk (MTurk)
MTurk is a crowdsourcing marketplace that enables individuals to perform small tasks, known as Human Intelligence Tasks (HITs), for pay. These tasks can vary widely in nature, ranging from data entry and transcription to surveys and content moderation. While the pay for individual tasks may be relatively low, MTurk can be a viable option for those seeking to earn money during their free time or downtime.
8. Merch by Amazon
Merch by Amazon allows individuals to design and sell custom T-shirts, hoodies, and other apparel directly through Amazon. Sellers create designs, upload them to the platform, and set prices. Amazon handles the printing, shipping, and customer service, allowing sellers to focus solely on creating and promoting their designs.
9. Amazon Handmade
For artisans and craftsmen, Amazon Handmade provides a platform to sell handmade goods directly to customers. From jewelry and home decor to clothing and accessories, sellers can showcase their unique creations to a global audience.
10. Amazon Influencer Program
The Amazon Influencer Program allows individuals with a strong online presence to earn money by promoting Amazon products to their followers. Influencers receive a custom storefront on Amazon, where they can curate and showcase their favorite products to their audience. When followers make purchases through their storefront, influencers earn a commission on the sales.
11. Amazon Video Reviews
You can earn commissions when customers watch your videos on Amazon. If you’re approved for the Amazon Influencer Program, you can start uploading product reviews. Shoppers can find your videos and you’ll earn commission if they make a purchase.
12. Audible Audiobooks
Audiobooks are audio recordings of written texts, such as novels, nonfiction books, or educational materials, that voice actors or authors narrate. Audible, owned by Amazon, is a leading platform for audiobook distribution and consumption. It offers a wide selection of audiobooks for purchase and download. Learn to make money with audiobooks on Audible.
13. ACX by Audible
ACX offers voiceover artists and narrators an opportunity to take their talent into a profitable side hustle. The platform offers audiobook projects and royalty-earning potential, empowering you to pursue your passion for narration and make money along the way.
You now have the knowledge to make money with Amazon instead of spending all your money on it.
