Amazon is the best platform to earn money, better than any other eCommerce website. This is because Amazon is the largest eCommerce platform globally, with visits by over 190 million people each month. In the year 2020, Amazon earned $3.86 billion. Overall, Amazon has raked in USD 344 billion since its launch in the year 1994.
Amazon offers many ways to earn money by enabling product vendors to sell their products through the site and many other methods. This implies that even if you are not a seller, you can earn money through Amazon.
Consider the following methods if you are curious about how to earn money through Amazon.
5 Quick and Easy Ways to Make Money on Amazon
1. Amazon FBA
Fulfillment By Amazon (FBA) allows you to store your products in Amazon's fulfillment centers. When an order comes in, Amazon packs and ships the product for you. This makes the fulfillment process easy, as you don't have to do anything except send inventory to Amazon.
To get started with FBA:
- Register as an Amazon seller and set up your Seller Central account
- Sign up for FBA and choose a fulfillment center close to you
- Ship your products to the fulfillment center
Amazon charges FBA fees based on the size and weight of your products. However, new sellers get a 3-month trial period with no storage, removal, or Amazon Transport fees. This lets you test out FBA with lower risk.
2. Amazon Merch
Amazon Merch allows designers to earn commissions by selling their T-shirt designs on Amazon. You simply upload your design and add it to products. When one of your shirts sells, Amazon handles production, shipping, and customer service. All you have to do is collect your commission.
To get started with Merch:
- Sign up for a Merch account
- Upload your T-shirt design
- Add the design to shirts, sweaters, or other products
- Amazon will create a product page and handle orders
3. Reselling Products
You can source inventory from wholesalers, clearance sales, and other online stores. Then just list those products for resale on Amazon to sell for a profit.
Effective product research is key here. Use Amazon's best seller rankings and other online tools to identify in-demand products priced low elsewhere. Matching supply to demand will increase sales.
4. Amazon Associates
The Amazon Associates program allows you to earn commissions by promoting Amazon products. When someone makes a purchase through one of your special links, you earn an advertising fee.
This is a great way to monetize existing platforms like blogs, social media pages, or websites. The more traffic your links get, the more commissions you can make.
5. Amazon Handmade
Amazon Handmade allows you to sell handmade crafts, jewelry, art, and more. You get your own seller page on Amazon to showcase your products. When an order comes through, Amazon collects a 15% referral fee and pays you the rest.
This is perfect for crafters, artists, and creators looking to expand their customer base. With Amazon's marketing and infrastructure, you can focus on making products rather than running a store.
Next article: Best Ways to Reduce Amazon Seller Fees and Increase Profitability