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Amazon is arguably the largest e-commerce company in the world. Over the past couple of years, many people have turned to Amazon to build and launch their own businesses.
There are a number of different ways by which you can use Amazon to start making more money. If you want to generate more income, Amazon is an excellent option.
In this article, we’re going to discuss some proven ways by which you can make money on Amazon in 2022. But first, let’s discuss what makes Amazon such a lucrative and attractive option.
If you talk about market share alone, Amazon leads the rest of the competition by a long mile. Amazon is one of the largest marketplaces on this planet, and the company continues to grow.
More importantly, the company is serious about customer trust. People are generally quite confident when buying goods from Amazon, and the company continues to offer different ways to foster long-term loyalty and improve customer trust.
If you’ve been searching for different ways to make money online, you simply can’t ignore the sheer power that Amazon holds over e-commerce marketplaces.
10 Proven Ways to Make Money on Amazon
There are a number of different ways by which you can make money on Amazon. Here are 10 of them.
1. Affiliate Marketing
The Amazon Associates program is one of the best options available to people who want to pursue affiliate marketing. If you have joined the Amazon Associates program, you can easily promote products from Amazon, and land a neat commission for each sale.
Whenever a visitor buys a product using your affiliate link, you land a commission. Amazon’s affiliate program is known as Amazon Associates, and it can be incredibly lucrative.
One of the best ways to maximize your income from the Amazon Associates program is to use the AAWP plugin. It is one of the best plugins for WordPress websites and offers various key features, including:
- Automatically pulling live, updated information about different products for your website
- Generating affiliate links for each product
- Lets you choose from different designs or create custom templates
- Lets you create bestseller lists for products
- Create lists for promoting newly added products on your site
2. Use Amazon Handmade
Amazon Handmade is the company’s offering to challenge Etsy. Handmade is targeted more towards craft sellers, allowing people to sell all kinds of stuff, ranging from jewelry to clothing to accessories.
Amazon Handmade creates a custom URL, so customers can easily find your shop. The company makes it so convenient and affordable for sellers when compared with other platforms.
To get a professional selling account, you have to pay a monthly fee of $39.99. However, if you’re planning to sell on Amazon Handmade, that’s no longer required, with the company charging a 15% referral fee instead.
3. Sell Private Label Products
If you want a scalable business model that’ll allow you to make a ton of money, you should consider selling private label products on Amazon.
You can use Fulfillment by Amazon (FBA) to easily sell all kinds of products. If you know a thing or two about dropshipping, it’ll be much easier for you to get started.
Essentially, you can have goods delivered to one of Amazon’s many warehouses around the globe, and then start selling items. Amazon will handle fulfillment and shipping for you.
The good thing about using FBA is that you don’t have to worry about shipping and logistics. You can easily order private label products with your company’s branding from manufacturers in China and have them delivered.
4. Start Selling Books on Kindle Direct Publishing (KDP)
Another excellent option available to you is to sell books online. Amazon already has a massive market that you can tap into. The Kindle marketplace is filled with wonderful reads from all kinds of authors.
All you have to do is to write something on an interesting topic, either yourself, or commission a writer to do it for you, and then focus on marketing.
With Kindle Direct Publishing, anyone can start selling books online on a published platform. And, the best part is that you don’t have to limit yourself to e-books, you can even publish hard copies too.
If you hit the mark and create a bestseller, it won’t be long before money starts to trickle in. KDP gives you 70% royalty per sale, and when you consider the relatively small investment in writing the book itself, it’s easy to gauge the upside potential.
5. Sell Merchandise Through Amazon Merch on Demand
If you think that you’re good at designing or consider yourself an artist of some sort, Amazon Merch on Demand might seem like a good idea to you. It’s all about being unique when you’re trying to express yourself, so you don’t really need to be an exceptional artist.
Amazon Merch on Demand lets you sell hoodies, t-shirts, and a bunch of other things that include your designs. The best part: you don’t give a cut to Amazon at all; the company just charges you a fee for printing, packaging, and shipping your merchandise to the customer.
You just create an account, upload the design, set the pricing, and start selling! It’s free to upload goods and start selling!
You can create a unique product page on Amazon, and start selling your designs without ever having to make or even ship products or worry about customer satisfaction; the company will do that on your behalf!
6. Amazon Mechanical Turk (MTurk)
Amazon Mechanical Turk (MTurk) is popularly known as a crowdsourcing marketplace, allowing businesses and individuals to connect with each other. It’s a marketplace from where you can easily find work across various verticals.
Think of it as a platform for freelancers, since it allows companies to easily tap into a massive on-demand workforce that’s readily available for a range of different tasks.
Businesses can find professionals for almost any kind of task, ranging from machine learning development to content moderation. As more and more companies move towards business process outsourcing, finding work on MTurk is much easier now, and it’s a great way to make money on the side!
7. Become a Wholesaler
One of the reasons why Amazon stands in a league of its own is because of the sheer amount of choice that it offers to the average customer.
That’s largely because of its massive network of wholesalers, or wholesale sellers. These are companies that buy goods in bulk quantities, which allows them to buy goods at a hefty discount, and then sell them at a lower price.
If you can afford to make a large, single investment, there are lots of opportunities here for you. And, if you have your own warehouse and can spend the time to create your own page, there could be nothing better!
8. Use Retail Arbitrage
Retail arbitrage is a simple technique that companies can use to easily generate neat profit. If you’ve ever seen a great deal at any of those large supermarkets or big box stores, you know what I’m referring to.
When the price of a product is heavily discounted, you can easily purchase them in bulk quantities. All you need to do is to keep your eyes peeled for any major deals or discounts.
Once you buy your goods, you can simply check online whether the good can sell at a decent profit on Amazon, and if it can, you’re in luck! This technique is ideal for people who like bargain hunting and know how to find goods on the cheap!
9. Use Amazon Flex
Amazon Flex is a relatively small offering by the tech giant and is currently available in only a handful of cities throughout the US. If you know about DoorDash or Deliveroo, the concept is relatively similar: you use your own vehicle to make deliveries and get paid.
Amazon has one of the largest shipping networks in the world, and ships millions of orders in a day. They are also actively recruiting in urban centers like the Greater Seattle Area or Boston, MA, so if you live in any of these regions, it might be a good idea to sign up.
It’s an excellent way to make money on the side, and it gives you the freedom to work only when you want to. You can plan your week well in advance by reserving “blocks,” or selecting specific times based on when you’ll be available.
Then, you just deliver goods in that time period! It’s as simple as that!
10. Sign up on Amazon Launchpad
Amazon Launchpad is a relatively lesser-known service that allows small businesses to promote themselves on the marketplace and earn revenue. To sign up, you must meet the following requirements:
- Have an account that’s less than four years old.
- Gross sales of less than $5 million
- A commitment of 12 months at least
- Pay to get a professional account
- Pay a premium of 5% (which reduces to 3% once sales hit $1 million)
And, after a year, you can even leave the program by giving a 30-day notice to Amazon. If you want extra exposure and intend on making more money, joining Launchpad is definitely a viable option.
There’s No Shortage of Ways to Make Money from Amazon
As you can see, there’s no shortage of ways to generate money from Amazon. If you’re serious about maximizing your income, Amazon gives you a bunch of different ways by which you can do so.
But, most people prefer affiliate marketing because it allows them to grow and keep control over their sites. With the AAWP plugin, you can easily manage affiliate campaigns and ensure that product data remains consistent, so you don’t have to do much yourself.
This makes it an excellent choice for affiliate marketers who are working to promote goods from Amazon!