Amazon has long been a source for countless amazing deals, shopping convenience, and customer satisfaction when buying stuff. But to reap the full benefits of this online retail titan, you have to be one badass entrepreneur.
You want to make money on Amazon – but where do you start? There are so many shiny objects, time-wasting gurus, and guruettes that it’s hard to see which ones can help you make money. How will you know who or which is right for you as an individual or a business looking to explore more options with Amazon?
This guide will show you everything from how to find profitable products to building your own online business using Amazon. If you’re looking for ways to make money on Amazon, here are the top 10 ways to make money on amazon in 2023.
Amazon Business Ideas: Best Ways To Make Money On Amazon
Amazon is one of the best places for entrepreneurs to start a business. It has a massive market and low entry barrier, and it can be used to make money in many ways. With Amazon, you can set up your store, sell products at discounted prices, and acquire new customers without spending money on ads.
In this article, we will explore Amazon Business from the perspective of an entrepreneur who wants to make money on Amazon. Here are some of the top Amazon business ideas that can help you start making money on Amazon today:
1. Make Money With Amazon FBA
Amazon FBA (Fulfillment by Amazon) sends your products to Amazon’s warehouse, where they will be stored, packaged, and shipped to customers when they buy them. It’s a great way to make money with Amazon because it allows you to reach a vast audience of customers.
We already have an in-depth guide on Amazon FBA; you should check that out if you wish to follow this route.
If you’re new to Amazon FBA, you’re probably wondering whether or not you can use the Amazon FBA business model to earn money on the side. The short answer is yes! Several people online make a very comfortable living from their Amazon FBA businesses.
To get started with Amazon FBA, you need to choose which product you want to sell on Amazon. Then you need to purchase some inventory and ship it to an Amazon warehouse, where it will be stored until someone orders it (called “fulfillment”).
To ensure you’re earning so much as a seller on Amazon, you have to figure out whether Fulfilment by Amazon (FBA) Or Fulfilment by Merchant (FBM) suits your business better.
If this is your first time starting, FBM is probably your best bet. This would mean that you would do your packing and shipping. However, as your online store grows, it can be hard for you to manage all of the P&P yourself, and it can even be challenging to keep all your inventory at home.
With FBA, you could send your inventory to an Amazon warehouse that will organize the packaging and delivery of your products. In addition, your offers could attract more customers to the website by receiving the “Prime Badge,” which indicates fast delivery.
However, these features come with additional costs – you must pay fulfillment and storage fees. However, these differ, contingent on the size and type of your product.
2. Making Money Reviewing Products On Amazon
Reviewing products is another easy way to make money on Amazon. Think about it. People are more likely to buy something if others say it is good, so reviews are essential.
Amazon allows you to create a profile as a reviewer. When you find a product you like, you can write a review. You will be helping others know whether they should buy this product or not. It is easy to do, and it can also help you make a little extra money on the side.
This is one of the most popular ways to make money on Amazon. Buying something, reviewing it, and getting a commission for your review is just too tempting.
You need to apply to be a part of this program, but if you do so successfully, you will be able to write five reviews per month and get paid for each one – that’s $2.5 per review (which translates into ~$100/month). Please note that each review should contain your honest opinion of the product, so before completing your first review, it may take some time.
3. Make Money As An Amazon Affiliate
If $3 per review isn’t your thing, you can also review Amazon products on your blog or YouTube channel and drop your affiliate link.
Affiliate marketing is where you get paid for promoting products and services. You don’t make the sale but get paid a commission for each sale through your affiliate link.
Amazon gives you unique links for every product you place on your blog, website, or YouTube channel. Whenever your viewers click through these links and purchase, you will receive a commission for that sale.
The Amazon Affiliate program allows you to commission products you refer to the Amazon website. All you need is a website or blog with an audience that would be interested in buying things from Amazon. Then it’s time to find relevant products for your audience and start promoting them.
There are different ways to do this, such as adding banner ads, product links, or shopping carts with the links back to amazon.com or redirecting visitors directly to the product listing rather than using the affiliate link.
4. Make Money From Selling Books On Amazon Kindle
Do you know that You can write a book, publish it on Amazon Kindle (digital format), and sell it?
The Amazon Kindle Publishing Platform is a great way to get your book published and available in the world’s largest online bookstore. The platform provides self-publishing services, including cover art design and formatting.
The good thing about this program is that you can write your book without prior knowledge, and the book will be available to millions of Amazon Kindle users. Writing for Amazon Kindle is a great way to make money online. The platform is free and easy to use, plus there are no upfront costs.
If you’re an author or an entrepreneur who wants to promote your business by writing books, this is a great way to do that by using the Amazon Kindle platform. You can write as many books as possible and publish them on Amazon Kindle to reach more people and increase your income from those books over time.
This business model is perfect for students and scholars looking to make extra money off Amazon. Publishing Kindle eBooks are accessible, but you’ll need some writing or publishing book experience. You’ll need good writing skills to write well enough for your book sales page and product descriptions.
However, If you want to make money with your book, you need to do some marketing and promote your book. You can’t just publish a book and expect people to buy it without any effort on your part. You need to market your book, get reviews, promote it on social media, etc.
5. Make Money By Working For Amazon
When making money on Amazon, many people think they can only sell their products. And while selling products is a great way to make a profit on Amazon, it’s just one of the methods you can use.
Amazon offers several other ways of making money on the platform, which is just as straightforward. One of such ways is by working directly for Amazon.
There are several job vacancies on Amazon that one can apply for. These positions include customer care officer, software engineer, internships and full-time opportunities for students, editorial and content management, logistics, Amazon DSP driver, or product manager.
The good news is that there are job vacancies for graduates and students to apply for. To make it easy for you, follow this link to access the various positions available that you Can apply for.
You are now left to figure out which job description suits you. You also need to be aware that there is usually a high level of competition; you will need to make your CV unique and stand out. If you are fortunate to be called on for an interview, you must prepare and conduct the necessary research regarding the position you are applying for and what is required.
Amazon pays its workers handsomely for their services, so why not take full advantage of this opportunity to work for Amazon and get paid. This is one of the many ways you can make money on Amazon.
6. Make Money By Selling Merch & Apparel On Amazon
Amazon is a fantastic place to make money. They have millions of customers and are always looking for new products to sell. You can use this platform as a stepping stone to other things, but you can also use it as a full-time income source.
Merch by Amazon is one of the best platforms to start making money with Amazon. You do not need any design experience; you can create your designs in minutes and sell them to millions of people in a few hours. You don’t need to have many followers on social media either, and you only need some spare time and passion for creating cool designs.
Merch by Amazon is a print-on-demand platform that provides a simple way for individuals, small businesses, and large brand owners (that’s us) to create apparel items sold on Amazon.com.
To get started:
- First of all, you need to create a design. You have to be creative if you want to make money. You can’t just copy someone else’s work and think it will sell.
- The next thing you need to do is register with Amazon. You can do that by going here if you plan to sell custom merch or if you’re an artisan who wants to sell handmade apparel on Amazon, go here.
- Once you are on Amazon, you must upload your designs in the Merch by Amazon Dashboard.
- You will be able to see how many designs you have uploaded there and how many orders you have sold at the same place.
Amazon’s marketplace is open to anyone who wants to sell their products through the site. You don’t need to register as a vendor or have prior experience selling on Amazon. Just create an account and set up your store. You’ll be able to list items for sale immediately after creating your account.
7. Make Money By Working As A Agency/Freelancer For Amazon Sellers
With the explosion of Amazon’s popularity, freelance work for Amazon sellers has seen a parallel rise. As a seasoned freelancer, I have noticed that many sellers want to ensure that their products stand out among the hundreds of thousands of competitive options; this is where you can step in.
If you have a skill that you want to make money with, I recommend doing freelance work on Amazon. Maybe you love writing articles or creating graphics; if this is the case, I strongly suggest using your skills to provide writing or content to Amazon sellers.
Many people create tutorials and similar content for products on Amazon, and why wouldn’t they, right? After all, many merchants are willing to pay a handsome fee for good content. Also, if you can handle photography with great skill, you can offer to create some top-notch, fascinating, and captivating product photos for Amazon Sellers.
To make you unique, you could proofread and make some amendments or editing of product descriptions which can make you become one of the most sorts after Freelancers on Amazon by Amazon Sellers. You can use some freelance platforms from Amazon Sellers to advertise your freelance services. Fiverr and Upwork are one of the best places to get started with this.
You could also create an agency that helps Amazon sellers maximize their sales organically. This tells you that there are so many ways you can make money on Amazon.
8. Make Money On Amazon Selling Other People’s Products [Amazon Retail Arbitrage]
The best way to make money on Amazon is by selling other people’s products. Retail arbitrage is buying items at a low cost and selling them on Amazon for a profit. It’s a great way to make money on Amazon.
This means you are selling a product that someone else makes; you don’t have to store inventory, create a website, or do anything else. You promote the product on your site or blog, and when someone clicks through your link and buys the item, you get a commission on the sale.
The basic concept of retail arbitraging is simple: buy goods at a low price from stores like Walmart, eBay, and Target and sell them for a higher price on Amazon.
Before selling on Amazon, you must familiarize yourself with its policies and procedures. Please read their guidelines on how they classify different products, their standards for selling those goods, and so forth. The goal here isn’t just selling whatever product you have in hand; it’s getting your account approved by the company so that you can continue trading in the future!
Amazon retail arbitrage is a popular business model because it’s easy to start, and there are no upfront costs. You can find great deals at thrift stores or yard sales and resell them on Amazon for a profit.
9. Make Money By Selling Old Stuff On Amazon
You can also sell your old stuff on Amazon for a profit. Unlike retail arbitrage, where you have to buy and resell things on Amazon, this business model allows you to sell items you already have.
Whether you have old things lying around in your home that you no longer need or use, or you have some free time on your hands and are looking for something productive to do, selling old things online is an excellent way to make money quickly.
Amazon has created an ecosystem where you can sell just about anything, but it can be challenging to make money on Amazon if you don’t know what you’re doing. If you have books, movies, music, or video games that you are no longer using, Amazon is the best place to sell them. It’s free to list items, and if they sell, Amazon will charge you a small fee and send your earnings directly to your bank account.
The first step in selling on Amazon is setting up a seller account, you can do that here. Once you’ve done this and signed into your account, click ‘Sell’ at the top of the page. This will take you to a page to add items to sell.
For each item you want to sell, include as many pictures as possible and details such as brand name, size, color, etc. Always look at other sellers’ listings for similar items before creating your own so that yours has all of the information potential buyers want.
10. Make Money By Delivering Amazon Parcels
If you are interested in making money by delivering Amazon parcels through the Amazon Flex program, here is what you need to know. Amazon advertises that its drivers can earn $18 – $25 per hour. These figures are based on annual rather than weekly earnings, including incentives and bonuses.
The actual hourly pay rate will be less, but how much less depends on several factors. The more hours you work, the higher your hourly rate will be.
In addition, working during peak times can increase your pay rate significantly. Finally, some delivery locations have a higher base pay per hour than others—the place of your deliveries matters too.
The question now is: how many hours can you work?
Amazon advertises that you must work at least 20 hours weekly to earn incentives and bonuses. This requirement does not mean you have to work that many hours every week; it just means that if you want to make extra money, you will need to put in those hours somewhere else.
It’s hard to know exactly how much someone delivering Amazon parcels in their car can expect to make. The amount varies depending on the driver, location, and delivery items.
The company does not disclose how much each driver earns, but one driver told Business Insider that he clears about $3,000 each month after expenses by driving roughly 50 hours a week.
Drivers receive a fixed rate for delivering packages from Amazon’s warehouses to addresses within a specific area. Business Insider estimated that a driver who paid $1.50 per package and worked 60 hours weekly would make $1,320 in one month before taxes and fees.
How Much Can I Make From Amazon?
The answer depends on what product you’re selling, what type of seller account you have, or your business model. For example, if you’re an individual seller, you’ll earn less per sale than if you had an established business and were selling wholesale.
Can I Work Remotely On Amazon?
The answer is yes; you can work remotely on Amazon. Amazon is a global company, and they have a lot of people working remotely. They also have offices located in different cities and countries around the world.
Is Selling On Amazon For Free?
No, Amazon sellers have two plans they can choose from depending on the size of your business. In the individual plan, you’ll pay $0.99 every time you sell an item, while a professional program will cost you $39.99 monthly, no matter how many things you sell.
How Much Does Amazon Charge Me For Selling Products On Their Site?
Sellers have to pay a referral fee for every successful sale they make. Amazon referral fees vary between categories but are usually between two and twenty-five percent.
How Can I Find Items To Sell On Amazon?
There are a few different ways you can do this. You can source products, get professional dropshippers to find them for you, or use product research tools like JungleScout for more in-depth research.
Should I Sell As A Merchant Or Directly On Amazon Marketplace?
There are two types of marketplaces on Amazon: merchant marketplaces and third-party marketplaces. Merchant marketplaces are run and operated by Amazon. So, if you sell your products through these marketplaces, then you are selling products that Amazon sells.
On the other hand, if you sell your products on a third-party marketplace, you are selling your products along with all the other sellers’ products using that particular marketplace.
Third-party marketplaces have a few advantages over merchant marketplaces. For example, on a third-party marketplace, you can list your products for free, whereas if you want to become a merchant marketplace seller, you will have to pay $40 per month (the fee will be higher for smaller sellers).
Also, if you use a third-party marketplace, your product listings will appear on multiple Amazon websites worldwide. On the other hand, if you decide to become a seller on a merchant marketplace, then only your product listings will appear on that particular country’s Amazon website.
Although plenty of articles on the internet share Amazon money-making tips and tricks, we have decided to cover a few of our favorites so that you know what it takes to make this happen. Many of the above ideas work very well and are highly scalable.
Amazon is a great way to earn money online. You never know what opportunities might present themselves; there’s no reason to pass these up.
