Top 5 Easy and Proven Ways to Make Money on Amazon

If you're wondering how to make money on Amazon, you're in the right place. As one of the largest marketplaces, Amazon provides various opportunities to start a side hustle and build an established business. It offers a massive chance for individuals aiming to expand their presence in ecommerce. This blog will walk you through how to make money on Amazon and its advanced strategies.

5 Easy Ways to Make Money on Amazon

Amazon's marketplace offers an easy way to help you make money online. Follow the below-mentioned ways on how to make money on Amazon:

Amazon Affiliate Marketing

Amazon affiliate marketing is an excellent way to make money on Amazon. To begin, you must sign up for the Amazon Associates program. Once your account is set up, you can generate commissions with Amazon affiliate links. These links are easily integrated as hyperlinks and product recommendations within your content.

You can place your Amazon affiliate links on your website, blog, social media platforms, and YouTube channel. For success, focus on producing high-quality content that attracts and maintains a steady flow of traffic and conversions. Amazon may only activate your account if you meet the minimum sales requirement through your links within a few months.

Amazon FBA

Amazon FBA, or "Fulfilled by Amazon," is a service you've probably used unknowingly, especially if you've ordered items through Amazon Prime.

To become an Amazon FBA seller, you must choose a niche, find high-demand products, and then ship them to Amazon’s fulfillment centers using reliable third-party suppliers. This method is particularly appealing for professionals with side hustles because it eliminates the need to store large quantities of inventory, making it a convenient option for getting started.

Amazon Audible

Amazon Audible presents another way to make money with minimal upfront investment. You can promote your favorite Audible books by joining the Amazon Audible affiliate program. This complements a freelance coaching business if you often recommend books to your clients.

Suppose you have a charismatic personality, a great narrator voice, and the ability to bring a book and its characters to life through voice acting. In that case, you can also earn money as a freelance Amazon Audible narrator.

Sell Books Online

Selling books online is an excellent way to make money on Amazon. Whether you're reselling children's and comic books, listing rare collectibles, or self-publishing your work, this method can help you reach readers worldwide.

Secondhand books are often easier to find and cheaper to acquire, and they can be highly profitable if you source them wisely from local or online deals. Be sure to familiarize yourself with Amazon’s condition guidelines for books.

If you've written a novel, play, or any other manuscript, consider self-publishing through Kindle Direct Publishing (KDP). This platform allows you to retain control of your rights, set your prices, make changes at any time, and earn royalties on sales.

Book prices vary based on factors like type and condition. To stay competitive, it's advisable to monitor other booksellers' prices and adjust yours. Amazon’s Automate Pricing tool can help you by automatically adjusting your prices based on your rules and preferences.

Resell, Wholesale, or Dropship Products

Instead of developing your products or building a brand from scratch, you can make money on Amazon through reselling, wholesale sourcing, or drop shipping.

Resell Products: Amazon is a fantastic platform for reselling items for profit. However, it’s crucial to comply with Amazon’s selling policies and seller code of conduct.

Source Wholesale: Building a relationship with a wholesaler or manufacturer could be beneficial if your strategy involves high-volume sales. This helps establish an effective supply chain to distribute products to a broad customer base efficiently.

Dropship or Print on Demand: If you prefer to handle inventory procurement and storage only once a sale is made, consider drop shipping. This method involves partnering with a supplier who ships products to customers upon order. Alternatively, you could opt for a print-on-demand service like Amazon Merch, which allows you to offer customized products without upfront inventory.

Strategies to Drive Ecommerce Sales

After choosing how to make money on Amazon, you must follow specific strategies to drive eCommerce sales. Following are some of the strategies:

Build Your Own Brand

Creating your own brand requires dedication and investment, but the payoff can be substantial regarding customer loyalty. Additionally, Amazon provides tools and protective benefits through the Amazon Brand Registry. This program helps you enhance your product detail pages, boost customer engagement, get positive customer reviews, and safeguard against counterfeit products, simplifying the brand management process. 

Set Competitive Prices

Do you have a pricing strategy in place? If not, it's beneficial to research your competitors' pricing for products you plan to sell. This is crucial when initially listing products, but establishing a routine for regular pricing research can also boost long-term sales.

You can examine the prices of comparable products on Amazon or utilize our Automate Pricing tool, which automatically adjusts the prices in your portfolio based on current market demand.

Optimize Listings to Reach More Customers

To increase your products' visibility to potential buyers, use SEO best practices to enhance your product listings' rankings in search results. Effective search engine optimization includes incorporating targeted keywords into product titles, bullet points, and descriptions.

The Listing Quality Dashboard in Seller Central can help you enhance your products' visibility. It provides recommendations on product attributes and additional details you should include in your listings. This can improve the customer experience and address urgent issues that might otherwise hide your listings from search results.

Tools and Programs to Help You Grow Your Business

Specific tools and programs will help you grow your business. Some of them are below:

Fulfillment Process

Managing the fulfillment process, such as order picking, packaging, shipping, and returns, can be time-consuming and resource-intensive, particularly as your business expands. However, you have various fulfillment options tailored to your requirements: handle orders in-house, outsource fulfillment, or combine both approaches.

Fulfillment by Amazon (FBA) enables you to order fulfillment tasks from Amazon. Once you send your inventory to Amazon’s fulfillment network, they take care of storage, order picking, packing, shipping, customer service, and handling returns. This program can help boost sales and allow you to focus on scaling your business. You can also use FBA’s Multi-Channel Fulfillment (MCF) program to outsource fulfillment for orders placed on your website or other sales channels.

eCommerce Automation

Amazon offers sellers automated tools and applications for inventory management, sales and order tracking, customer interactions, and other crucial functions. Streamline and automate routine tasks to ensure the efficient operation of your business, including marketing campaigns and analytics reporting.

Implementing automation in your business can reduce time-consuming manual efforts, enhance customer satisfaction, uphold a consistent brand image, and provide valuable insights for business growth. You can also use SaasAnt Transactions to easily import, export, and import bulk transactions into QuickBooks/ Xero. This application saves you a lot of time and helps you reduce manual errors.

Process payments

Managing payments is crucial in ensuring a smooth shopping journey for customers. With Amazon Pay, you can easily integrate Amazon into your online store. Additionally, using the Amazon Currency Converter available in Seller Central enables you to expand your reach globally and receive payments in your preferred local currency. 

You can also use applications like PayTraQer to connect and sync your transactions from e-commerce and payment platforms with QuickBooks/Xero. This application allows you to manage your data and avoid manual errors effortlessly. PayTraQer transforms uncategorized sales, fees, refunds, and taxes into structured summaries that seamlessly reconcile in QuickBooks/Xero. 

Conclusion

The 5 easy ways offer a clear pathway to making money on Amazon. With dedication, creativity, and strategic implementation, turning a profit on Amazon is achievable and can become a fulfilling journey for new entrepreneurs and experienced sellers. 

FAQs

Is selling on Amazon really profitable?

Amazon sellers are seeing profits much faster than traditional small brick-and-mortar businesses. While the latter often take over 2 years to become profitable, 22% of Amazon sellers reported achieving profitability in less than 3 months, with 58% reaching profitability within their first year.

How to earn money from Amazon for beginners?

For beginners looking to earn money on Amazon, there are several accessible ways to get started. One of the best ways is to join the Amazon Affiliate program, where you can earn commissions by promoting products on your website or social media.

How to earn money on Amazon without selling?

You can earn money on Amazon without selling through Amazon's Kindle Direct Publishing (KDP) program. If you're a writer or have content to share, you can self-publish eBooks on Amazon and earn royalties from each sale. Additionally, you can earn money by creating and selling digital products like printables, eCourses, or digital downloads through Amazon's various platforms, such as Amazon Marketplace or Amazon Handmade. 

Can I sell directly on Amazon?

Yes, you can sell directly on Amazon as an individual or professional seller. Individual sellers pay per item listed, while professional sellers pay a monthly fee for additional features. Simply create a seller account, list your products, and manage sales through Amazon Seller Central.