10 Secret Keys to Making Money on Amazon
money on Amazon

10 Secret Keys to Making Money on Amazon

Earn money on the internet became a common practice. No matter your geographical location, your country, your age, etc. While several e-commerce companies like Ebay, Shopify, Walmart and Etsy can make selling products online easier, in my experience, the meilleure façon of earn money on Amazon.

However, many people think that the only way to make a profit on Amazon is to take the traditional route : acquire inventory, list products on Amazon and hope to sell, sell, sell. This is one way to make money on Amazon, but there are many others - and some of them are underused.

Amazon is a huge opportunity for those who want to join the world of e-commerce. In 2020, Amazon achieved a turnover of 3,86 billions of dollars, more than half of which was fueled by sales to third parties. There are tons of great ways to make money on Amazon. So to help you find the method that works best for you, this article describes the best ways to make money on Amazon. If you are a beginner on the internet, then here are a very practical guide which allows you to earn your first 1000 euros on the internet. Let's go!

Sell ​​your own private label products on Amazon FBA.

The best way to make money on Amazon is still to sell private labels using the Fulfillment by Amazon (or FBA) network Amazon. About 71% of all Amazon sellers run their business using the private label method. Private labeling is a process of manufacturing a pre-existing item, putting your brand and logos on it, and selling it to consumers. Sometimes it is referred to as white labeling or branding.

Thanks to FBA, Amazon is able to deliver your products (usually in two days or less – It's Amazon Prime). This is how e-commerce business owners, like you and me, can list products on Amazon and make money from sales. Private labeling helps you stand out from the rest of the pack. By using Amazon Brand Registry, you have complete control over your products and listings. Trademarked products also protect you from counterfeiting or other tricks from dishonest sellers.

Before leaving this first method, I would like to tell you that this technique is also applicable on social networks. For this reason, I invite you to consult my training on how to earn money with TikTok or my training on how to make money with instagram.

Publish your own books on Kindle Direct Publishing

Make money on Amazon by publishing your own books. You can publish as many books as you want and earn money passively. You don’t have to be a great writer, there are many types of books you can write, from manuals to cooking recipes, technical books… be creative.

money on Amazon

The publication of the book is completely free. It will take a short time and will be available to millions of readers around the world. Amazon Kindle Direct Publishing (KDP) lets you publish your own books on Amazon, and it’s my second favorite way to make money on Amazon. (But that’s probably because I’m a teacher.)

Again, in addition to the digital format, you can also print actual copies of your book. Amazon’s CreateSpace prints on demand! The only catch with this option is that you usually have to write quite prolifically to be successful. While it’s possible to publish one or two very popular books, the volume is the real name of the editing game. The more you write, the more you earn.

Deliver goods with Amazon Flex

By now, you probably know that Amazon has its own delivery service. But did you know that you can join Amazon’s delivery fleet as a driver? Amazon Flex is a service offered by the company where freelancers with their own vehicle can work by distributing packages for 28 euros per block of two hours.

The good thing about it is that it offers the freedom to set your own hours. You work what you want to work and you will generate as much money as you can wherever you want. Here you have more information to work on Amazon Flex.

Do affiliate marketing on your blog

Ever wanted to start a lifestyle blog, post how-to videos or recipes, or otherwise get your thoughts and ideas published? You can make money with Amazon doing just that! Imagine that. You find a cool product on Amazon, send the link to your friends, and if they buy it, you get a commission. On your blog (or social media page, or even in your emails), that link gets sent to a number of additional people, allowing you to earn a little more money in commissions.

Work as that Amazon affiliate is another option to make money. In fact, many bloggers are already taking courses on how to make money with Amazon affiliates. On the Amazon website, they will give you a guide with all the tips, they will even teach you how to create a store with amazon, all for free.

This is how the Amazon Associates program works. Amazon Associates is an affiliate program where you sign up to get special links that only you can share. Once you share the link and a purchase is made, you earn a percentage of the sale.

To go camping

You can also go camping with Amazon. Only he is only available to our readers who are in the United States. Amazon's CamperForce program pays for camping from early fall through December 23 each year. The program runs for 3-4 months during the winter, and your responsibilities will be in the areas of picking, packing, storing, and receiving.

Make Money on Amazon in trenovating

Amazon is quickly becoming one of the largest employers in the world. Following their purchase of Whole Foods in 2017, Amazon now has approximately 650000 employees. In fact, many Amazon employees are remote employees who work from the comfort of their own homes.

Amazon has a specific website to screen people who want to work from home (or wherever you want). Normally, holidays are when there are more opportunities of this type.

Join the Mechanical Turk program

Amazon Mechanical Turk (MTurk) is a crowdsourcing marketplace. Amazon has a little program with a funny name called Mechanical Turk (MTurk). Whether it’s data validation, research, or survey completion, Mechanical Turk functions as a hub for outsourced tasks. While the name may imply artificial intelligence, Mechanical Turk is actually the combined efforts of hundreds (and thousands) of remote workers just like you.

Mechanical Turk

sell your own items

As the world's largest marketplace, you can sell your products and reach people from almost every corner of the planet. Now, internationalizing your products is more affordable than ever. If you're creative, Amazon Handmade might be for you ! By invitation only, Amazon Handmade allows artisans to make and sell their own products using Amazon's platform.

Obviously, this method requires a little more work to stay on top of your orders since you would be producing them yourself. But, the exposure that Amazon gives your brand is huge. Amazon Handmade can really help a large audience discover your unique products.

Offer your services through Amazon Services

Amazon isn’t just an e-commerce platform. They’re also getting into the gig economy. Essentially, Amazon Services allows entrepreneurs to sell their services online. So, whether you’re a plumber, lawn care professional, dog walker, or piano teacher, Amazon Services can help connect you with people who need your help.

Do Dropshipping with Amazon

Amazon allows you to dropship on the marketplace as long as you follow a few business rules:

  • always be the official seller some products.
  • Identify yourself as a seller on packing slips, invoices and other product information.
  • Remove all information that could identify the third-party seller before shipping the order, including invoices, external packaging, packing slips, etc.
  • Remain responsible for accepting and processing returns.
  • Follow all terms of your sales contract and Amazon policies.

Amazon drop shipping costs vary by product type, but are usually between 10% and 15%. If you are operating with relatively low drop shipping margins, this will significantly reduce your profits. You will also need to choose a sales plan. The Individual plan costs $0,99 per unit sold and the Professional plan costs $ 39,99 per month, regardless of how many products you sell.

Summary

Amazon is an opportunity to seize, no matter where you live. There are several services on Amazon, just choose what suits you. Sell your own products, work from home for Amazon, etc. Now you have all the keys to success in your hands. But to leave you, here are some advice and strategy to create and develop which will allow you to develop your company or your business very easily.

Good luck

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About CERFAM CI

I am a Doctor in Finance and an Expert in Islamic Finance. Business consultant, I am also a Teacher-Researcher at the High Institute of Commerce and Management, Bamenda of University. Group Founder Finance de Demain and author of several books and scientific articles.

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