10 Best Way to Earn On Amazon in 2020(see simple method)
- Sell a product using Amazon's FBA. ...
- Private Label Your Product. ...
- Retail Arbitrage. ...
- Work As a Delivery Fulfilment Warehouse Associate. ...
- Amazon Flex. ...
- Work from Home for Amazon. ...
- Become an Amazon Affiliate, Amazon Associates. ...
- Publish an eBook on Amazon.
1) Sell your own private label products on Amazon.
Private label is a process of manufacturing a pre-existing item (preferably, with product improvements), putting your branding and logos on it, and selling it to consumers. Sometimes it is referred to white-labeling or brand-creation. (The process has been around for years and is common in countless retail stores; Target’s Mainstays brand and Walmart’s Great Value are two examples of private label brands.)
Thanks to FBA, Amazon is able to deliver your products (typically in two days or fewer — what you likely know as Amazon Prime). This is how e-commerce business owners—like you and me— can list goods on Amazon and make money from the sales.
Amazon makes private labeling even easier thanks to a number of advantages:
Amazon makes private labeling even easier thanks to a number of advantages:
- First, you can use a tool like jungle scot — which is an all-in-one platform for selling on Amazon — to estimate the sales your product will make once it’s on Amazon.
- Next, it’s easy to source and manufacture your products with the help of platforms like Alibaba or Jungle Scout’s suplier database.
- Finally, after you’ve created your product, you can sell it on Amazon using FBA. You don’t even have to ship your own orders!
2) Publish your own books on Kindle Direct Publishing.
The only catch with this option is that you usually need to write somewhat prolifically in order to find success. Though it is possible to publish one or two wildly popular books, volume is the true name of the publishing game.
The more you write, the more you make.
How much money can I make writing for KDP?
Up to $40,000 to $50000 per month.
I’ve heard that some authors make as much as $40,000 per month. These writers, however, tend to be prolific, and write topically to gain notice.
Once you write the material, you don’t have to write it again! Nor do you have to worry about inventory.
How can I learn how to make money on Amazon with KDP?
While I don’t know of any specific course I trust for teaching this particular method, I do trust Tim Ferriss.
And, coincidentally, the serial entrepreneur wrote an interesting article on how to become a Kindle millionaire.
3) Sell wholesale goods on Amazon.
How much money can I make selling wholesale goods-
Up to $5,000 – $6,000 per month.
While wholesaling on Amazon has become notoriously more difficult in the last few years, it’s still a great way to earn money.
Although, I’d argue that it doesn’t have the scalability of private label products.
Also, it’s a lot more competitive. You won’t be the only one selling those products on Amazon. So it can sometimes be a “race to the bottom” on prices where the only “lever” sellers have to compete with each other is through lowering their price relative to their competitors.
Plus, the profit is all in the buy. If you can’t buy your goods for a low enough price, you won’t make money.
How can I learn to make money on Amazon selling wholesale goods?
Our friends over at The Wholesale Formula are extraordinarily successful wholesaling on Amazon.
They have plenty of insights and crucial training programs to help new and old wholesal
4) Deliver goods for Amazon
Amazon’s Flex program allows you to do just that. All you have to do is answer a quick questionnaire, download their app, and, if you’re accepted, you start making money.
Think of it as Uber, but for Amazon deliveries.
How much money can I make on Amazon working as a Flex driver?
According to Flex’s homepage, Amazon pays drivers between $18 – $25 per hour, and the shifts are typically five hours long.
I’ve also read stories that even if drivers finish their shifts early, they still get compensated for the entire five hours.$100 fixed daily
5 – Become a blogger.
Ever wanted to start a lifestyle blog, publish how-to videos or recipes, or otherwise get your thoughts and ideas published? You can make money from Amazon while doing that!
Picture this. You find a cool product on Amazon, send your friends the link, and–if they buy it–you get paid a commission. On your blog (or social media page or even in email), that link goes out to quite a few more folks, so you can make quite a bit more money in commissions.
That’s how Amazon’s 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
This money-making method varies greatly in its returns.
The Amazon Associates program is probably the most popular affiliate program on the internet.
How can I learn to make money on Amazon as an Amazon affiliate?
Jungle Scout offers a free course on Udemy that teaches you how to make money as an Amazon affiliate.
In fact, it’s taught by me!
It’s 100% FREE and teaches you all you need to know to monetize a blog and make money through Amazon Associates:
6) Flip store-bought products with retail.
Basically, for arbitrage, you go to a retail store like Walmart, Target, Barnes & Noble, etc. to find and buy discounted products. Then, you resell those items on Amazon at a mark-up.
A lot of people start their Amazon selling journey using this method.
How much money can I make doing retail arbitrage on Amazon?
Anywhere from $200 to $2,000 per month.
Like wholesaling, retail arbitrage has lost a lot of its luster over the last few years, as Amazon continues to make selling popular brands more difficult.
Regardless, retail arbitrage sellers can expect to make a few hundred to a couple thousand per month selling flipped products on Amazon.
Unfortunately, retail arbitrage is extremely competitive and difficult to scale. Many times, retail arbitrage sellers can spend the better part of a day or weekend searching retail stores for products only to come up empty handed.
7) Buy on Ebay to sell on Amazon (online arbitrage).
Frankly, I’ve never been a huge fan of retail arbitrage. It feels like a lot of work for very little return.
However, I do enjoy online arbitrage, which is very similar to retail arbitrage.
What’s different is that online arbitrage means you’re buying products to flip on Amazon from other e-commerce stores.
And, in my opinion, Ebay is the best place to find those products.
How much money can I make on Amazon with online arbitrage?
Approximately $200 – $500 per month.
8) Work from home as an Amazon rep.
Amazon is quickly becoming one of the largest employers in the world. Following their purchase of Whole Foods in 2017, Amazon now has approximately 650,000 employees.
Naturally, not all of those employees work at Amazon’s headquarters in Seattle, Washington.
In fact, many of Amazon’s employees are remote employees who work from the comfort of their own home.
How much money can I make on Amazon as a work-from-home employee?
Around $30,000 per year, as a full-time rep.
The income you make as a work-from-home employee with Amazon depends on the position.
Doing a quick look on Google, it looks like most of the jobs offered are in data entry and customer service.
Furthermore, Amazon established a $15 minimum wage in 2018. So, at the very least, you could make $30,000 per year as a full-time, work-from-home Amazon rep.
How can I learn how to make money on Amazon as a work-from-home employee?
A Google search will help you find Amazon jobs. But, if you prefer, you can also go straight to the source.
10)Join the Mechanical Turk program.
hile the name might imply artificial intelligence, Mechanical Turk is actually the combined efforts of hundreds (and thousands) of remote workers like you.
How much money can I make on Amazon with the Mechanical Turk program?
Approximately $120 – $200 for a 24 hour work week.
Mechanical Turk is a little more low-maintenance than some of Amazon’s work programs, so it pays a little less.
Mechanical Turk workers can still expect to make between $6 to $10 per hour.
10) Handcraft your own items to sell on Amazon through Amazon Handmade.
Obviously, this method takes a bit more work to stay on top of your orders, since you would be producing them yourself. But, the exposure Amazon offers your brand is massive.
Amazon Handmade can really help a large audience discover your unique products.
How much money can I make selling handmade products on Amazon?
Upwards of $30 per day.
A few people I spoke with noted that Amazon’s fees are higher than some of their competitors, like Etsy and Ebay.
However, Amazon brings a much larger audience, so it balances out.
How can I learn how to make money on Amazon with Amazon Handmade?
The Penny Hoarder has a great article that features Amazon Handmade.
In addition to showing you the pros and cons of selling Amazon Handmade vs Etsy, it also teaches you how to get started.
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