Amazon has not only established itself as one of the best platforms for online sellers but also made its name as one of the biggest companies the world has ever witnessed.
And now, ordinary people make money on Amazon that has paved its way to become one of the ‘Big 4’ of the United States. Needless to say, it has become the most dominant player in the global eCommerce market.
As of 2020, Amazon has more than 12 million listed products on their website. According to a recent financial report, an average Amazon Prime member usually spends nearly $1.4k each year on this online marketplace.
And besides the online sellers, Amazon also needs a vast workforce to maintain and expand its operation. There are several options by which you can easily make money on Amazon by working full-time or even part-time. And, here are the top 14 choices of doing that.
14 Best Ways To Make Money on Amazon
1. Start Selling Products With Amazon FBA
Earning Potential: $0 – unlimited.
Amazon has its very own selling channel called the Amazon FBA network. And, you can sell items in bulk using that network. It works quite in a similar way as a regular seller on Amazon. However, it has an advantage over it.
You don’t need to take care of the manufacturing or branding part of your product as you’ll sell the wholesale product of other companies.
And with the growing popularity, this wholesale business through FBA has become one of the lucrative options. It is not very difficult to make up to $4k per month while putting minimal effort. However, you can scale up pretty rapidly if you want it.
This business also has a drawback as it will never promise you the same kind of scalability as a private label. You also need to sharpen your bargaining skills to get the lowest price from the manufacturer to increase your overall profit.
2. Start Your Private Label on Amazon
Earning Potential: $0 -Unlimited.
We have already discussed the most-profitable opportunity you can grab from the Amazon FBA (Fulfillment-by-Amazon) network.
However, you can also use this network to start your very own private label that offers you infinite scalability. There are lots of pre-existing items on Amazon, which need improvements.
You can make that product improvement and make your line of products with your personal branding. This strategy is now also dubbed as white-labeling.
While you take care of the product and branding, Amazon itself will take care of the shipping and delivery. Besides, there are several online tools available, such as JungleScout, which will estimate the number of sales you can generate on Amazon.
You can also source your product from Alibaba and similar platforms at a lower price. A newbie in FBA can easily make around $2k per month as the profit can go as high as 25% of the selling price.
Look at this amazing course which helps you to launch your private label on Amazon.
3. Sell Handicrafts on Amazon Handmade
Earning Potential: Earn in thousands per month.
Amazon has an excellent platform called ‘Amazon Handmade‘, where creative people can easily sell their art and craft with complete freedom.
However, this platform currently operates on the ‘invitation only’ method. So, you need to get a direct invitation from Amazon itself or from any other artisan already on the ‘Handmade’ platform to start your very own online craft shop.
You need to take care of the branding and marketing too, besides just creating a spectacular piece. But, the platform that Amazon is now offering promises massive exposure.
The only downside is that you have to pay a fee on this platform, which is a little higher in comparison to its competitors like eBay or Etsy. But for that higher cut, Amazon offers you a more substantial audience size.
According to inside reports, it is quite easy to earn around $100 per day from this platform. But, you definitely need to be a gifted artist to become a top seller on this platform.
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4. Deliver Goods For Amazon
Earning Potential: $16- $25+ per hour.
We all know that Amazon has its own delivery system. But, do you know that you can easily join the delivery fleet of Amazon as a driver if you have a valid driving license? Yes, you can certainly do that. And as a matter of fact, Amazon also offers up to $10k worth of assistance to their fleet members.
There is a dedicated program called Amazon Flex through which you can join their fleet. All you need is to go through a short questionnaire, followed by downloading the dedicated fleet app.
Once you are selected, you can start making money by working as a delivery agent of Amazon. And, it is just like Uber, but for Amazon.
You can easily make around $100 each day while working for about 5 hours. Amazon typically pays around $16 to $25 per hour to their fleet drivers. Even if you complete your deliveries before five hours, the company will pay you at least five hours each day.
Recommended: 10 Companies Offering Delivery Driver Jobs in 2020.
5. Create An Amazon Affiliate Website
Earning Potential: $1000 – $100,000+ per month.
It is probably the most popular way even today to make money by creating an Amazon affiliate website. It is a very simple and straightforward program from Amazon, where the company pays the content creators and website makers for funneling targeted audiences to particular products of Amazon.
All you need is to make good quality content on those products and put your custom Amazon link to funnel the traffic. And for each sale that generates through your custom link, Amazon will pay you your commission.
It is the best option to create a niche website about a particular genre of products and to give detailed reviews and buyer’s guides. However, it has now become pretty hard to make good money from Amazon affiliate websites as the competition is pretty high.
Besides, it has now become even harder to make someone buy a product through your affiliate website in this post-pandemic situation. But, it is not at all impossible.
With sufficient hard work and proper knowledge, you can make around 1% to 10% profit, depending on the number of sales you generate.
Join this useful course and learn how to create an affiliate niche website for Amazon.
6. Online Arbitrage on Amazon
Earning Potential: $100 – $300+ per day.
In simple language, online arbitrage is just working as a middleman or broker between Amazon and any other eCommerce website.
You’ll only need to buy from sites like eBay and then sell it to Amazon at a higher price to earn a profit. It is a similar method like retail arbitrage but with lesser effort.
However, you need to choose your buying website pretty cautiously to book a good profit once you sell that thing on Amazon. According to the recent reports, an average guy working online arbitrage can make around $1000 per month. The main advantage of this program is that you don’t need to make your own brand or worry about the supply chain.
This program also has two significant disadvantages. Firstly, there is a minimal chance to scale up. And secondly, there is enormous competition in the online arbitrage market.
Despite all these issues, you can still make a handsome profit if you can get some excellent products and pick a low-competition niche through proper research.
Recommended Course: Amazon Online Arbitrage Bootcamp 2020 (enroll now).
7. Retail Arbitrage on Amazon
Earning Potential: $100 – $300+ per day.
It is the same thing as the online arbitrage that we have already discussed but with a small difference. In retail arbitrage, you need to buy items from retail stores and then sell those on Amazon for a higher price to book a profit.
Most of the people in this business prefer retail chains like Walmart or Target for product purchases as these two stores usually sell items at a heavily discounted price. And, a lower purchasing price means higher profit.
Several of the successful Amazon sellers started their journeys from this lucrative business, although the competition has become a bit intense these days.
Amazon recently changed its algorithm slightly to make it difficult for anyone to sell branded products on their website, unless you are the manufacturer. However, you can still make a good profit with diligence and brainpower.
First, you need to choose the products that have high selling potential in the online market. And then, you need to sell that at a lower price than your competitors to drive more sales. Usually, you can generate around $2k per month from this.
Recommended Course: Retail Arbitrage on Amazon Masterclass (enroll now).
8. Start Kindle Direct Publishing
Earning Potential: $1000 – $10,000+ per month.
It is the best option for you to make money on Amazon if you are a creative person, although it is not a cup of tea for everyone.
As we all know, you can write eBooks to make a good amount of money. Let it be fiction or non-fiction; your books will sell like hotcakes if it is an outstanding one.
Most of the writers often face issues regarding their publishing as a good publisher is extremely difficult to find. But now, Amazon solves that issue by launching a revolutionary reading platform called Kindle.
And, you can easily publish your book on Kindle in a few simple steps. Within a maximum of 48 hours after submission, your eBook will appear on the Kindle platform.
You will start making money almost instantly once your book starts selling on this platform. However, you need to do some marketing for your book to generate more sales. It will be easy to funnel more customers for your eBook if you already have a reputed blog or have a good amount of social media followers.
- Self Publishing on Amazon With Kindle Direct Publishing 2020
- Amazon Kindle Publishing Masterclass – Self-Publish Your Book.
9. Amazon’s Trade-In Program
Earning Potential: $1000+ per month.
Amazon has its own trade-in program where you can earn Amazon credit for trading your unwanted items. But technically, you can’t mark it as a way to make money from Amazon, although you can fulfill all your shopping needs through this.
Starting from the old camera that you have discarded after buying a new full-frame DSLR to the books that you are no longer reading, you can trade almost anything through this platform.
There is no fixed amount of money that you can generate through this platform as the final trading price will broadly vary on the quality and rarity of the product.
Amazon tends to give around 25% of the original selling price of any product through this platform. However, it can go slightly up or down, depending on several factors.
But, one of the most significant disadvantages of this trade-in program is that you can’t sell just any junk here as Amazon is pretty selective. After taking an in-depth look at this platform, we discovered that Amazon prefers non-fiction and textbooks.
10. Make Use of Amazon Merch
Earning Potential: $1000 – $5000+ per month.
If you are a graphics design artist ready to flaunt your skills, then Amazon Merch can be your ideal option to make money in 2020. The earning procedure is pretty simple as you’ll get your cut from the product that features your graphic art.
Firstly, you need to upload your best graphics creation on this platform. And then, you need to select the products in which you want to print your art. After these two simple steps, you have to choose a listing price of those products to start selling.
But, you must have the proper knowledge about recent trends to attract more customers to your designed merchandise. From a coffee mug to cool t-shirts, you can print your design on many things and market it to millions of customers through Amazon’s platform.
However, you need to do thorough research to select a proper niche before entering this field. With a creative design and adequate marketing through ads and social media channels, you can drive the right number of targeted customers to your products.
Join Amazon Merch here.
Recommended Course: Merch by Amazon – Learn To Design And Sell Custom Products.
11. Sell on Amazon Ignite
Earning Potential: $2000+ per month.
Selling educational materials and lesson plans through Amazon Ignite can be a great option for you if you are a teacher or belong to the teaching industry. It is a platform that specializes in study materials and course printable.
From kindergarten to high school, you can make digital educational content for school students and sell them through this platform for a good price. However, this platform still operates on an ‘invitation only’ basis, although it is not very hard to get an invitation.
You can simply get the joining invitation by requesting the website itself. As soon as you get the acceptance from their side, you can start listing your course planning and study materials on their website. You get up to 70% profit sharing for each of the digital material you sell through this platform.
Amazon takes a $0.30 transaction fee for each of your material that costs less than $2.99. One of the best things about this program is that Amazon doesn’t hold any right on your educational material and you can sell that on other platforms as well.
Signup for the Amazon Ignite program here.
12. Join the Amazon Influencer Program
Earning Potential: $1000 – $3000+ per month.
Becoming an influencer is one of the most sought-after professions in 2020, be it on social media or through blogging. And now, Amazon also gives you the chance to become an Amazon influencer and earn money.
After witnessing the raging influencer market all over the world, Amazon also decided to jump to this field. And now, they have made their name as one of the biggest players in this market.
You can join this program in a few simple steps, although you need to have qualified social media handles like Facebook, Twitter, Instagram, and YouTube.
Amazon will let you create your vanity URL through this program. Once you successfully create your influencer account, you can apply for your customized storefront to attract more customers through your social media handles.
You can also easily share the products that you love with your fans and subscribers. However, the joining process can be a little longer as Amazon manually verifies several aspects of your social media handles and its engagements before giving you the final approval.
13. Join Amazon Camperforce
Earning Potential: $550+ per month.
We have previously discussed the ways to make money on Amazon by joining their fleet and by delivering items. But for heavy vehicle drivers and mobile RVers, Amazon also offers a great opportunity. However, you need to have a passion for camping and have the ability to drive RVs to join the Amazon CamperForce.
Amazon currently offers seasonal assignments through its CamperForce programs to the mobile RVers. They mainly started this program to have mutual benefits to the campers where RVers get extra work and Amazon gets extra staffing.
Right now, Amazon gives up to $550 per month to each of its campsites. Besides, they also offer $0.50 assignment bonuses for each working hour and $1.00 for each extra hour (overtime).
This program also offers several other facilities like weekly payments, 401(K) benefits, and medical coverage. However, these benefits can be availed only in selective regions in the United States.
Learn more details at Amazon CamperForce.
14. Freelance with Amazon Services
Earning Potential: $1000+ per month.
Most of us know and recognize Amazon as one of the best eCommerce platforms in the world. But very few of us know that it also has a dedicated platform called ‘Amazon Service’ that offers work opportunities to freelancers.
And in 2020, Amazon has already become one of the biggest players in the gig economy market. By joining this platform, you can easily sell your services to potential customers.
Starting from pet care to plumbing, from lawn mowing to giving guitar lessons, you can sell almost any service you want. And the best thing is that there is no limit to your earning potential as you can list almost any price you want for your gigs. However, you need to set a competitive rate to attract more customers.
Joining this platform is also pretty simple as you need to fill up the requisite application forms to get the initial approval from their side. And once approved, you can start listing your gigs and services directly to the platform. Besides, you can also track your orders live through this platform.
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So, here are the best ways to make money on Amazon that you can try in 2020. But to gain success and earn the kind of money that can support your lifestyle, you need to work hard and smart. Besides, you need to be super-efficient to make the most out of these opportunities.