If you're an online business owner, there's a good chance you're selling on Amazon. After all, it's the largest eCommerce platform globally, and it's only getting bigger. But what will Amazon look like in 2022? How will online sellers make money on Amazon, then? Here are nine predictions for how to make money on Amazon in 2022. Keep reading to learn more!
These are the nine tips on how to make money on Amazon:
1. Sell Private Label Products On Amazon
Private label sales via Amazon's fulfillment (FBA) network are still the most excellent way to earn with Amazon.com in 2022. Around 67% of all Amazon sellers use the private label method.
Related: Amazon FBA Fees-a Complete Guide
2. Publish Your Books On Kindle Direct Publishing
You can self-publish your books on Amazon using Kindle Direct Publishing (KDP). You can print physical copies of your book and the digital version. The main drawback is that you will almost always need to write frequently to be successful. Though one or two hugely successful books can be published, volume is the accurate word of the game in publishing.
3. Sell Wholesale Goods On Amazon
One of the best ways to make money with amazon is by purchasing large amounts of items to sell through Amazon's FBA network is what Amazon wholesale selling entails. The main distinction is that you are selling things from other companies. As a result, you won't have to bother about product manufacture or branding.
It's worth noting that this industry is far more competitive than the private-label market. As a result, it can sometimes be a "race to the bottom" on prices, with the only "lever" suppliers have to compete by dropping their prices relative to their competitors.
4. Deliver Goods For Amazon
You can do just that using Amazon's Flex program. All you have to do is fill out a simple survey, download their app, and if accepted, you can start earning money right now.
5. Work From Home As An Amazon Rep
Amazon is gradually becoming one of the world's largest employers. Following the acquisition of Whole Foods in 2017, Amazon currently employs around 650,000 people, most of whom are remote workers who work from their homes.
6. Join The Mechanical Turk Program
Mechanical Turk is a little Amazon program with a unique name Mechanical Turk, which serves as a platform for outsourced jobs such as data validation, research, and survey participation.
7. Sell Handcrafted Items To Sell On Amazon Through Amazon Handmade
Amazon Handmade is a program that allows artisans to create and sell their things on Amazon's website. Because you are making your orders, this method requires more effort to keep track of them. However, Amazon provides tremendous exposure for your business.
8. Sell Shirts, Hats, Coffee Mugs, And More Through Merch By Amazon
Merch is a print-on-demand service that helps you upload designs to Amazon's database for printing. The designs can then be printed on t-shirts, coffee mugs, tote bags, hats, and whatever else you choose! Amazon manufactures the item, ships it, and your profit when a sale is made.
9. Sell Items In Inventory By Dropshipping
Dropshipping enables you to sell things without ever having to own the inventory. Simply put, you advertise items for sale, and then, when a buyer places the order, you buy the product from your supplier at a reduced price and have them send the order to your customer.
You make money as the vendor without ever seeing or touching the merchandise! Your supplier will handle all logistics.
In 2022, Amazon will be even more giant than it is now. If you want to make money on Amazon, you'll need to prepare for that now. These nine predictions can help give you a head start. Are you ready to take your business to the next level? Simpl can help! We offer order fulfillment and other services that will make it easy for you to succeed on Amazon in the years ahead. Contact us today to learn more about what we can do for you.