Jeff Bezos is making truck loads of money off of Amazon, so why aren’t you making some too?
No, seriously. Amazon is one of the biggest money-making platforms online, but it isn’t just Amazon itself making money on the platform.
Normal people just like you are using Amazon every single day to make some much-needed extra cash through a variety of different ways.
Honestly, we expect that you’ll be gobsmacked by just how much money you can make on Amazon.
In this article, we’ll list 13 of the ways to make money online with Amazon. Join us if you’d like to find out more!
Our Top 13 Ways To Make Money On Amazon
More and more people these days are using their creative skills to make and sell homemade art, accessories, clothing, and more as a side hustle.
However, it’s not just Etsy where you can sell your wares.
Amazon Handmade, which costs no monthly subscription fee, simply takes a 15% referral fee from your sales.
For that price, you get a convenient and affordable sales platform for your creations with your own custom URL. What’s not to like?
If you’re running a slightly more sophisticated operation, you might want to consider Amazon Merch.
It’s a platform that allows artists and designers to create designs that can then be sold on merchandise like mugs, hoodies, t-shirts and more.
Amazon does all the complicated stuff, from the printing at the beginning of the process to the shipping at the end.
They’ll even handle the customer support. Whilst the platform is free to use, you will only receive a royalty fee for each design that you sell.
This is one of the easiest ways to make money on Amazon, principally because it doesn’t involve you needing to sell anything yourself.
If you have an online presence, for example through your own website or blog, you can make money as an affiliate of Amazon.
All you need to do is recommend products that you feel may appeal to your audience and link to the Amazon listing for the product.
Every time someone makes a purchase from your affiliate link, you will receive a commission. The rates are generally somewhere between 4% and 10%.
If you’re interested in learning how to start a blog, then we have a guide on just that!
Fulfilment (Amazon FBA Program)
One way you can make money on Amazon is by operating your own small business but using Amazon to deliver your products.
This is known as fulfilment. When signed up to the Amazon FBA program, you send your products to the Amazon depot and let them deal with delivery.
You’ll be charged in units, weight and size dependent, a bit like how the post office charges more for larger parcels.
However, you must pay a monthly storage fee if your product inventory is not sold.
Kindle Direct Publishing
Publishing your work has never been easier than with Amazon’s Kindle Direct Publishing service.
No more trying to find a publisher! Whatever you want to write about, fiction or non-fiction, you can publish with Amazon.
You keep 70% of the royalties on total sales, and you can even get hard copies of your work published as well as Kindle versions.
However, you’ll have to do your own marketing, and it’ll take a steady stream of work to build an income and get noticed.
If you’ve ever been in the supermarket and seen a great deal on a bulk purchase of a particular item, you may have wondered how much money you could make, if any, buying discounted products and selling them on.
By trawling the local markets, supermarkets, and wholesalers, you may well find enough discounted products to make it worth your while to purchase them, and then sell them on Amazon.
It’s a time-consuming process, though, and the margins aren’t fantastic.
As above, except rather than scouring the shops, you’ll be doing your bargain hunting online.
Many arbiters use eBay to buy products on the cheap and then sell them for a profit on Amazon.
Become An Amazon Mechanical Turk
Plenty of people are remotely working these days. Sometimes remote work can be a full-time job, but other times it can be ‘task-based’ and remunerated on this basis.
This is the case with Amazon’s Mechanical Turk Project, which will see you become part of a vast online army.
You’ll be completing small tasks, like participating in surveys, moderating content, and more.
It’s undoubtedly no get-rich-quick scheme, but in the right circumstances, you can probably make up to about £10 an hour. It’s flexible, too, so easy to fit around your other commitments.
Create Your Own Brand
Ok, so this isn’t the easiest way to make money off of Amazon, but it’s certainly not the most difficult, either.
Simply get in touch with a manufacturer to make you a product, and once you have branded it with your own name and logo etc. you can simply list it for sale on Amazon.
As a professional seller, you’ll need to pay a £25 a month fee to Amazon and it can be difficult to compete in a crowded market, but if your brand/products stand out you could be making money in no time.
Compared with your own store or website, selling via amazon is extremely convenient.
Sell A Service
Many people do not know this, but it’s not just products that you can sell on Amazon- you can sell services, too.
It doesn’t matter whether your speciality is teaching a language or tutoring a musical instrument, Amazon can help to set you up with clients.
You’ll need a background check, and you’ll have to make sure that you have the right general liability insurance, but it certainly takes the stress out of advertising your own services.
There’s no monthly subscription, either!
Amazon Trade-In Program
Ok, so you can’t technically make money directly from this method. Instead, the Amazon trade-in program rewards you with Amazon gift cards for trading in your unwanted items.
Amazon can be a little picky about what they’ll take off you, but with experience you’ll soon learn the most sought-after items.
Your reward will be a gift card worth up to as much as 25% of the product’s original price.
Given that nearly everybody these days does some degree of shopping on Amazon, it’s nearly as good a reward as money.
Be An Amazon Influencer
This is an affiliate program specifically designed for ‘influencers’.
This isn’t for people with websites or blogs, but for those who have large social media followings on platforms like Facebook and Instagram.
Influencers accepted onto the scheme get their own Amazon page with a unique URL. Whenever people buy from your links, you will receive a commission on their purchase.
You just need to work out what products are likely to resonate with your audience.
Sell Wholesale Using Amazon
Another scarcely known fact about Amazon is how competitive it is when it comes to wholesale.
Amazon has a large network of wholesalers, allowing them to offer competitive prices on many products.
Buying in bulk can be an attractive business proposition, because it lowers costs and raises profits.
However, this business model requires a fair bit of infrastructure, usually including significant warehouse space.
And, of course, wholesale is very competitive, and you’ll be racing to the bottom to offer the lowest prices on given products.
What is the most profitable way to sell on Amazon?
The most profitable way to sell on Amazon is through private labels. This is where you brand up an existing product and sell it for a new price.
Books have also been reported to be an extremely profitable way to sell on Amazon due to the extremely high margin on digital sales.
How much can I realistically make selling on Amazon?
The average seller makes between £1000-1500 a month in the UK. This is below the nation’s average salary; however, this could also be combined with other sales channels like Etsy, Shopify or your own eCommerce stores.
Is it hard to make money on Amazon?
Yes, it is hard to make money on Amazon but it really depends on two things. 1st your products needs to be something that people desire in some capacity.
2nd you need to put in the work to drive traffic to your product and then convert the sale by good imagery, pricing and product descriptions.
As you can see there are plenty of ways to make money on Amazon. They simply require you to have the idea and the drive to make it succeed.
Side hustles have blown up in reputation but people forget the work that goes into making them a success.
Many people live full-time and have enormous businesses that rely on Amazon for the bulk of their income.
It’s more than possible to make money on Amazon so when are you getting started?