Amazon is a juggernaut of e-commerce, and in 2021 it raked in $469 billion in revenue. A large portion of this came from third-party sales. Which spells an opportunity for you to make money on Amazon.
In this article, we go over different methods to make money on Amazon in 2022. Let’s get started!
Sell your branded products on Amazon
If you have a registered brand name and live in an approved country (these countries), you can list your brand products on Amazon. You’ll need high-quality pictures showing the brand on the packaging or the product itself. Along with a complete list of product categories.
Once your listing is approved, you can start selling your branded products on Amazon. With a little effort, you can build up a successful business and begin earning money from your branded products.
Branded products can include custom t-shirts, apparel, accessories, home goods, and electronic devices. They can help in building a distinctive presence in the marketplace and create a loyal customer base. Additionally, Amazon supports features like print-on-demand and dropshipping, allowing sellers to offer a wide range of products without the need for a large initial investment or the hassle of managing inventory and order fulfillment, which can significantly simplify the selling process and reduce the risk for new sellers.
Start affiliate marketing
Amazon’s affiliate program is a way to make money online. With a few simple steps, start earning commissions on products that you are familiar with.
First, sign up for an Amazon Associates account. Next, choose the products that you want to promote. Then, create promotional material on your website or blog.
Finally, drive traffic to your Amazon Associates link and earn commissions on purchases. Here are some tips to create a successful affiliate blog or Amazon affiliate site:
- Look at different types of products to get an idea of what is available.
- Limit the focus of your product offerings. Only link to products that are relevant to your website/blog.
- Create content that solves people’s problems by using the products you feature.
- Create blogs that focus on solving people’s problems. Help them, and earn affiliate commissions.
Sell a service – Amazon Services
Have a service-based business? You can now sell your services on Amazon- and reach millions of potential customers. With Amazon Services, create a profile and choose from categories like:
Customers in need of your services can then book appointments with you. Making it easy and convenient for both you and them.
Plus, with customer reviews and ratings, Amazon sellers can build a reputation on the site. This will help you to attract even more business. So if you’re looking to expand your reach and make money on Amazon, selling services may be for you.
Start Amazon dropshipping
Dropshipping is a business model in which entrepreneurs sell products online without carrying inventory.
Dropshippers can take advantage of Amazon’s huge customer base, and powerful fulfillment network. However, Amazon can be a difficult platform to dropship on. It has stringent rules and competition. When exploring different methods to make money on Amazon, it’s important to consider the role of logistics. Efficient handling and delivery of products play a crucial part in ensuring customer satisfaction and maximizing profits.
The trick is to find a reliable supplier who can provide high-quality products like subscription boxes, at competitive prices. Once you’ve found a supplier, you need to create compelling listings. Then optimize your Amazon store for search.
If you can do these things, Amazon dropshipping will make you money.
Sell wholesale goods
Amazon requires that you have a professional account to sell wholesale. Make sure that the products you’re selling aren’t restricted by Amazon.
To find out if the products you want to sell are allowed, visit Amazon’s help center. When setting up your listings, be sure to state that the product is available in bulk and at a discount.
Publish books with Kindle Direct Publishing
Amazon’s Kindle Direct Publishing (KDP) is worth a shot if you have a knack for writing. Authors and publishers keep control and get worldwide exposure on the Kindle stores.
Amazon pays royalties of 70% for each book sold. Books must be well-written and nicely formatted to be successful on KDP. Once you have a finished product, the process of publishing is quick and easy.
Create an Amazon account, log in to KDP, and upload your book files. Then set your price and description, and hit publish. Your book will then be available for purchase on Amazon within 24-48 hours. With KDP, you can reach a global audience of Kindle readers.
Flex Driver – deliver goods for Amazon
Amazon wants to deliver packages to its customers faster. One way they do this is by hiring Flex Drivers. Flex Drivers are independent contractors. They pick up packages from a local Amazon warehouse and deliver them to customers.
Amazon pays drivers between $18 – $25 per hour, and the shifts are typically five hours long. If you’re interested in becoming a Flex Driver, you can sign up on Amazon’s website.
You’ll need to have a valid driver’s license and insurance, and you’ll need to pass a background check.
Once you’re hired, Amazon will provide you with everything to get started. This includes an Amazon Flex App that you’ll use to track your deliveries. So if you’re looking for a way to make some extra money, become a Flex Driver for Amazon.
Work as an Amazon rep
As one of the world’s largest online retailers, Amazon is always in need of customer service representatives. As a rep, you handle the huge volume of customer inquiries and orders.
Amazon customer service jobs can pay up to $20 per hour. They need a high school education, tech experience, and familiarity with web browsers.
If you have proven customer service experience, then you may be the perfect candidate for an Amazon customer rep job. So don’t hesitate to apply today and start earning money.
Do online and retail arbitrage
Amazon has over 150 million products available for purchase. However, it is not the only e-commerce store out there.
There are many other stores that sell products to be bought and sold on Amazon for a profit. This is where online arbitrage comes in.
With online arbitrage, you buy products from other e-commerce stores and sell them on Amazon. The key is to find products that are being sold for less than they’re worth on Amazon.
Then, you buy the product and list it for sale on Amazon. When it sells, you keep the difference as your profit.
Retail arbitrage is when you find products that are discounted in retail stores. And then resell them online. You can do this with products at local stores. Find out if there are any discounts in your area. If there is an arbitrage between online prices and retail store prices.
Before starting arbitrage, it’s important to do your research and know what you’re doing before getting started.
Sell your crafts with Amazon Handmade
Are you an artisan looking for a platform to sell your handmade goods?
Amazon Handmade may be the thing for you. Amazon Handmade is a marketplace for handmade sellers to connect with buyers from all over the world.
With no monthly fees and no listing charges, it’s easy to start selling on Amazon Handmade. Create a seller account, add your products, and start getting exposure to Amazon’s massive customer base.
With millions of potential buyers a click away, there’s an opportunity to make money with your own Amazon page. If you’re ready to take your crafts business to the next level, sign up for Amazon Handmade today.
Conclusion
Amazon is a great place to make money in 2022 and beyond. With so many options for selling products and services, there’s something for everyone on Amazon.
If you want to start making money on Amazon today, consider dropshipping or selling affiliate products. If you’re looking for a longer-term solution, publish books with Kindle Direct Publishing. You can start your own crafts brand.
If you’re not sold on Amazon, check out this Sellfy review to learn if it’s the right ecommerce platform for you. It’s a simple ecommerce platform for creators and small businesses to build an ecommerce store.
Whatever route you choose, if you follow it diligently and manage your time, you’re bound to make money on the world’s largest eCommerce platform.
