Amazon stands at the top spot of the retailing world with 386.6 billion dollars revenue for 2020. The company that started in the garage of Jeff Bezos has proven itself as the undisputed retail market leader over twenty-six years.
With staggering sales volumes and highly sophisticated sales channels, Amazon provides thousands of opportunities to earn money. In this article, we will see the five easiest ways to earn money through Amazon, but before that, we need to know why one should invest time in Amazon to earn money.
Amazon remains the focus of the freelancing world due to the great potential it offers. The manufacturers can take advantage of the platform, while wholesalers can use the customer base of 310 million people to present their products to.
Not only the manufacturers and wholesalers can earn through Amazon, but the general public can also earn through the programs such as Amazon affiliate. All in all, there are several ways one can earn through Amazon, out of which here are the top five easiest ways:
How To Earn Money From Amazon
From private label products to an affiliate program, one can earn a reasonable amount of money through investing time on Amazon. Wholesale and e-book publishing can also be two more ways to earn your share through Amazon.
Here’s how you can do it:
Promote Affiliate Links
Affiliate links help the website owner to earn commission on every sale on Amazon. The mechanism is simple. You need to own a website where you have to review Amazon products of a certain niche.
When someone buys a product through your review, Amazon will pay you an affiliate commission.
You can pick any product category from books to kitchenware to pet supplies. The choices are unlimited.
All you need to do is pick up a niche, buy a website, and start posting review content.
Once the traffic establishes your website, you can get your hands on some decent profits through sales.
2. Sell Your Own Private Label Products
The second option is to sell private label products on Amazon. All you need to do is to find a product category that is hot selling on Amazon. Then start your research for the manufacturers and wholesalers of the product.
The whole process is run through Amazon FBA where you need to register your product. Then, after finding the product, you need to work on the logo designing part either yourself or with the help of an expert graphic designer.
Develop a consistent packaging idea and then list your products on Amazon FBA to be shipped worldwide.
You can adopt the same approach for services as well.
Keep in mind that this method isn’t free. You need to invest time and money to reap the benefits. However, it is still a lucrative way to earn extra cash.
3. Sell Wholesale Goods
The next way to earn money on Amazon is through selling wholesale goods. Again, the idea is different from private label goods because it involves selling already established brands on Amazon.
There are no packaging and branding details involved. The manufacturer already does that.
You need an Amazon seller central account to operate this kind of business. Then, all you need to do is pick up products in demand and start selling them on Amazon.
4. Publish Your Own Books On Amazon Kindle Direct Publishing
If you’re an author, you can publish your work on Amazon Kindle to earn money through the purchases it garners. It requires you to write e-books on the topics of your choice, have an Amazon account, and directly upload your work on Kindle.
The whole process works exactly like self-publishing. There’s no need to have a publisher for yourself. All you need to do is to make an outline according to your chosen topic, research about it, and then write accordingly.
Once you get done with the writing, you can publish it on Amazon. Once published, you need to publicize your effort so that your target market notices your work and buys the book.
However, only one book will not lead to huge revenues. For making a great income stream, you need to publish multiple books and publicize them.
5. Work for Amazon
The fifth on the list is to work for Amazon. Again, you can directly apply to the career openings of Amazon in categories that you have relevant experience in. Another way is to work for offshore offices that are managing businesses on Amazon.
Either way, there are several ways to earn money through Amazon.