Don’t be afraid to try e-commerce if you feel you have missed the boat. It’s only getting started. Although there are many e-commerce platforms like Shopify, Walmart, and Etsy that make selling products online simple, I have found Amazon to be the most effective way to make money online.
Amazon offers a great opportunity to those who wish to enter the world of eCommerce. Amazon generated $3.86 billion in revenue in 2020, with more than half of that coming from third-party sales.
What can you do to grab a slice of the Amazon pie? There are many great ways to earn money on Amazon. This article will help you decide which method is best for you.
Let’s get started!
1. Amazon allows you to sell your private label products.
The top way to make money on Amazon in 2021 is still through private label sales using Amazon’s FBA network. Private label sales make up 71% of all Amazon sellers.
Private labeling is the process of making a product (preferably with product improvements), and then putting your branding on it and selling it to customers. It is also known as brand-creation or white-labeling.
Amazon can deliver your products in a matter of days thanks to FBA. This is what you probably know as Amazon Prime. This is how eCommerce business owners such as you can list your goods on Amazon and make money off the sales.
2. Publish your books with Kindle Direct Publishing
Amazon Kindle Direct Publishing (Amazon KDP), which allows you to publish books on Amazon, is my second favorite way of making money on Amazon. You can also print physical copies of your book in digital format.
This option has one drawback: you will need to be prolific in your writing to achieve success. Although it is possible to publish a few popular books, the real key to publishing success is volume. You can make more writing the more you write.
3. Wholesale goods
Wholesale sales are similar to Private Labels. You purchase large quantities of products and then sell them through Amazon’s FBA network.
However, the main difference is that you sell products from other companies. You don’t need to worry about branding and manufacturing the products. It’s a popular way to make money on Amazon for a lot of sellers.
4. Amazon will deliver your goods
You probably already know that Amazon offers its own delivery service. Did you know you can become a driver for Amazon’s delivery service? You might even get $10,000!
Amazon’s Flex program makes it easy to do exactly that. You just need to answer a few questions, download the app, and, if accepted, start making money. It’s like Uber for Amazon deliveries.
5. Be a blogger.
Do you want to start a blog about lifestyle, post-how-to videos, recipes, or get your thoughts published? Amazon can help you make money while you do this!
Imagine this. You find a great product on Amazon and send it to your friends. If they purchase it, you get a commission. You can earn a lot more commissions by sharing the link on your blog, social media pages, or email.
This is how Amazon’s Associate program works. Amazon Associates is an affiliate program that allows you to share special links only you can get. You earn a share of the link when a sale is made.
6. You can handcraft your own products to sell on Amazon.
Amazon Handmade is a great place to be creative if you are! Amazon Handmade is an invitation-only program that allows artisans to create and sell their goods through Amazon’s platform.
This method requires more effort to keep track of your orders since you will be making them yourself. Amazon Handmade offers your brand a huge amount of exposure. Amazon Handmade can help a wide audience find your products.