Wondering how to make money on Amazon? Then you’ve come to the right place! In the following article, we’ll cover all the ins and outs of this online platform, what are the best ways to make money, and how to get started.
So, without further ado, let’s get started!
How to Make Money Selling on Amazon
Amazon is a highly versatile platform with numerous options when it comes to making money — hence the appeal. That said, the eCommerce behemoth is best known for its online shop, which has now become the staple of the online market.
In fact, 70% of consumers in the US have made a purchase on Amazon in the last 6 months. However, with so many products to choose from, saying that the market is overcrowded would be a severe understatement.
In order to succeed on Amazon as a seller, you really need to do the following steps:
- fine-tune your marketing channels
- make sure your product pages (particularly descriptions) are on-point and search engine optimized
- select your niche and close those deals (via influencer marketing, for instance).
Best Things to Sell on Amazon to Make Money
Whether you’re an up-and-coming seller or an experienced artisan, there are loads of things you can sell on this online trading giant. To make it easier for you, we’ve listed all the various niches that are worth pursuing.
Here’s to name but a few:
This is probably one of the easiest niches to get into. Namely, if you love making toys, know that there’s definitely a market for your products on Amazon. For instance, the TeeTurtle Moody Reversible Octopus Plushie sold copies in the hundreds of thousands last year and went viral on both TikTok and Twitch.
In essence, if you want to know how to sell toys on Amazon and make money, all you have to do is follow social media and see which designs are currently trendy and worth selling. And even if you’re just a reseller, this will give you a good heads up on what to sell. Couple this with a toy review blog of your own and you can easily drive traffic back to your toys page. Product listings will give you all of the information you need.
Also, note that toys are best sold during the holidays — think Christmas, Halloween, Easter, etc. — so make sure you’re prepared for these seasonal sales; particularly with themed products.
Of all the ways to make money on Amazon, this one takes the most expertise — but is well worth it!
For one, you can sell a wide range of items, including home cameras, disposable cameras, and even cameras that are built inside pens. The sky’s the limit! However, this will require you to be at least partly tech-savvy, particularly when it comes to cameras, lighting, and the like.
But, don’t worry. Even though this might seem intimidating at first and take some time to learn the ropes, it’s a fairly lucrative trade. And if you’re already a camera buff, all the better!
Wondering how to sell eBooks on Amazon and make money? Simple, just make an Amazon KDP (Kindle Direct Publishing) account and upload your eBooks! The retail giant has streamlined the entire process, making book publishing an absolute breeze.
That said, getting your eBook out there is the easy part; the hard part is actually marketing it either through your blog or social media (or even both). There are plenty of other neat strategies to effectively market your books if you know where to look.
However, before you can turn Kindle into a passive income stream, you need to do the following steps:
- Create an Amazon KDP account
You do this here.
- Add your eBook
Add your chosen eBook to your bookshelf, along with your cover image.
Note: you don’t need an ISBN number to sell your book, so when you get prompted for this, simply leave it blank.
- Upload your book
Now, upload your eBook with Kindle Create; Amazon will not accept your book unless it’s converted into the Kindle format.
- Set your royalties
After that, you’ll need to set your royalties. Depending on your place of residence, Amazon will offer to pay you 35% or 70% per book sold.
Unleash your masterpiece to the world.
In essence, that’s the short version of how to publish a book on Amazon and make money. Now, you just need to drive traffic towards your product page and convert it into sales.
Whether you’re a streamer, a non-profit, or merely an aspiring entrepreneur, selling clothes is the way to go. Namely, a lot of content creators use this model to support their channels and make a quick buck.
What to sell on Amazon to make money when it comes to clothes?
Branded T-shirts and hoodies are your best bet. And if you’re not a household name, you can create your own unique designs and then advertise them through your marketing channels.
Tabletop gaming is huge right now. People are always looking for new scenery pieces to make their games more realistic. If you can create barriers, rocks, and the like, then this market is ideal for you.
Apart from that, handmade items also include bracelets, art, and even candles. Whatever you’re good at. Scour the internet for ideas and check what’s popular and in-demand at the moment.
Collectables are a niche market and require some extensive knowledge — hence why it’s so hard getting into it. Even so, the rewards are well worth the hassle. And if you’re already into hoarding Star Wars and Marvel merchandise, all the better!
Though, naturally, the hardest part would be letting your treasure troves go.
How to make money reselling on Amazon? Become the next Dunder Mifflin!
Joke aside, you can never go wrong with office supplies. Pens, papers, notebooks, etc. are always in high demand and there will always be a market for them. And as with anything else, the hardest part is actually marketing your merchandise and finding an affordable supplier.
How Much Can You Make by Selling on Amazon?
Surveys have shown that 44% of sellers on Amazon make anywhere between $1,000 and $25,000 a month. One in five makes over $25,000 a month, with annual sales being over $300,000. Another 25% of sellers come out with less than $1,000 a month in sales, and around 4% have no idea how much they are making each month.
How to Make Money on Amazon Without Selling?
Believe it or not, selling products on Amazon is not the only way to earn greens on this online platform. In fact, you can make even more money by doing the following:
With this business model, you get a commission every time someone buys a product through your affiliate link. You can place it in your social media posts, blog, review site — whichever suits you best.
Influencers, in particular, love this format — and for good reason too! For one, you can earn up to 10% of the product’s price from commissions with the Amazon Associates Program. Namely, all you have to do is fill out an application form and wait for the confirmation email.
Mind you, not all applications get accepted. Hence, it’s a good idea to conduct some due research beforehand to ensure you pass the criteria. After that, you just have to focus on getting those links (as well as product recommendations) to the public.
How to earn money from Amazon at home without having any products to sell?
Easy — sell services instead!
Best of all, there are no upfront fees or costs, and you only have to pay a portion of revenue for the jobs you complete. Some of the categories include business, electronics, education, and more. So, if your individual skillset falls into one of these categories, look no further than Amazon services!
In addition to that, you don’t need a social media following as with affiliate marketing. The only downside is that you have to pay a commission to Amazon, which can put a dent in your total revenue.
Become an Amazon Rep
Last but not least, you can work directly with the eCommerce giant and become an Amazon representative. Their customer service team is always looking for new members to join their ranks from all corners of the world.
In fact, there are many perks to becoming an Amazon representative, some of which include a healthcare plan and similar employee benefits.
Now you know how to make money on Amazon for free, without having to invest any capital to jump-start your business. (Re)selling goods, affiliate marketing, and providing services are just some of the things you can do on this amazing platform.
Whichever model you pick, Amazon has got you covered!
How can I make money from Amazon at home?
For starters, you can join their affiliate program or even become a sales rep. Additionally, if you have any particular skills you can sell your services on the said platform for a modest fee. Last but not least, you can sell or even resell various products and merchandise for a profit.
It all comes down to your personal skills and preferences.
Can I really make money on Amazon?
Yes, making money on Amazon is fairly straightforward and completely viable.
In fact, a lot of people have started their own side hustle on the platform, especially during the pandemic, when they couldn’t leave their homes. Best of all, you don’t require any initial investment to get things going — hence why it’s so popular.
What is the best way to make money on Amazon?
The best way to make money on Amazon is to join its affiliate program. There you can earn a commission of up to 10% for each product purchased through your affiliate link.
However, in order to fully capitalize on this program, you need to have either a website/blog or a strong social media presence where you can recommend and share products with your readers/followers. If you already have one of these set up, then it’s a definite no-brainer.
Is it still profitable to sell on Amazon?
Yes, selling goods on Amazon can indeed be profitable if you focus your efforts on things that are currently in high demand. If you’re really interested in learning how to make money on Amazon by selling merchandise, check out an online guide (such as this one) to get the full scope.