Sincerely speaking, many have heard there are many ways to earn money online, and making money on Amazon is real.
If you have ever considered making money on the internet, it is good to know amazon is one platform that you can start with. According to reports, Amazon is one of the biggest world retailer stores on the internet today.
The expansion of amazon creates many opportunities for you to make money to your pocket.
8 ways how to make money on amazon
Are you ready to make money while you save some for other uses? Here are several ways to make money on amazon.
#1 sell on amazon
Do you have some products that you can sell? Well, let Amazon do the selling for you. Your products will be exposed to the customer’s eyes.
If you list your products on Amazon, it will be easier to reach potential clients. According to ComScore, Amazon gains 206 million unique visitors each day.
It is a clear indication your products will reach many eyes at the end of the day.
Examples of items you can sell on Amazon
Books that you no longer use and they are lying on your shelf
Sell private label products as generic products by repackaging and putting new logos.
Push a product and resell them at a higher price.
Collect toys from second-hand stores and antique shops
Clothes you have purchased as clearance racks as you can resell them too.
Any many more. Amazon offers a full list of the items and categories you can sell. There are some categories of things that require approval before you are allowed to sell. The approval takes three days, and you are notified as soon as your items are approved.
Amazon charges for selling items for you, and there are two types of plans to choose from.
The individual plan is charged 99% of the sales made per product.
The professional plan is charged $39.99 per month, but it offers few additional perks, such as the ability to sell on the US, Mexico, and Canada.
The plan also allows you to access more categories that you can sell, such as automotive, collectibles, coins, fashion, jewelry, luggage, video, and more others.
It is more reliable as on the individual plan; you cannot access all these categories.
The use of a professional plan cuts out that fee charged per product. If you will sell more than 40 items in a month, it’s worth selecting the professional plan.
In each category, there are other fees involved, such as referral fees, closing, and shipping fees. If you intend to start selling via Amazon, you can create a seller central account as it will guide you through the listing process.
The amount you make selling on Amazon depends on how much you invest upfront on products. Also, the price you list per product and the number you sell determines the money you can make on Amazon. It is also essential to consider the various fee charged by amazon on both plans.
#2 Join the Amazon Fulfillment (FBA)
This is a better choice as compared to the first option for selling items on Amazon. It means you are on your own.
Amazon Fulfillment, also known as FBA, is a much better fit. You will still need to create a Seller Central Program to get started.
The requirement is you will need to transfer your merchandise on Amazon’s warehouses, and the items are stored for you until they are purchased.
This is an excellent choice if you have a lot of inventory, but the space is minimal.
Once an item is purchased, Amazon takes care of the entire process from packaging, shipping and handling the product returns, and customer inquiries.
Comparing the traditional way of selling via amazon, FBA is much better. However, the charging fee is a bit higher, inclusive of inventory storage fees.
For instance, if you have inventory stored and the fee charged within a specific time elapses, you will be charged an additional fee for it. This means you will be charged for longer storage time. Also, the size of your inventory matters too. The updates happen annually.
According to one successful Amazon FBA seller, Tyler Philbrook, in 2018, he had made serious sales amounting to $74,000. In total, he had made $15,000 profit. This is a serious side hustle if you ask me.
He says that you should not expect to make profits during the first few months. It takes a while before you can start making sales or even profits for that matter.
It is also essential to find a profitable niche if you want to see things happening. He says he started selling collectibles of nature Funko Pops. He says he had not heard of the items, but a friend suggested them. By now, they have made him thousands of dollars in profit.
#3 Work as a Warehouse Associate
This is another option to choose from if you wish to work with Amazon associates. Jobs are popping up each day, and Amazon is continually looking for part-time workers to work on their warehouse.
Often, the jobs require physical labor such as lifting boxes, retrieving boxes that might be on upper shelves, or operating as dollies.
According to the listing, the warehouse associate part-time workers are paid $15 per hour, but it depends on location.
You need to be at least 18 of age or above and holding a high school diploma. No resume is required; you only need to fill in the required details for a given position.
#4 Deliver packages for Amazon Flex
If you have ever ordered an item from Amazon and delivered within the stipulated time, well, it was not magic. Someone acting as Amazon Flex delivers the item to your doorstep.
If you become amazon flex, your work will be to deliver goods to consumers via Amazon, Prime Now, Amazon Restaurants, or Amazon Flesh.
According to Amazon, as a flex partner, you can make $18-$25 per hour. However, this depends on how much you can deliver. The payment is made every Tuesday and Friday. So as a partner, you can expect your money every Wednesday and Saturdays each week.
As a flex, you set your schedule using the flex app and then claim your shifts when you are ready. If you are working with Amazon Prime, any car may do, if you are using amzon.com, you will need a four-door car or bigger. Similarly, you may work with bikes in some areas.
They recruit flex partners across. If you have applied and cannot see your town, you can always apply, and your name will be on the waitlist.
#5 Work from Home on Amzon.com
Amazon recruits work from home freelancers. This is the most popular job among many internet users.
The positions are mostly entry-level, meaning they don’t require you to have prior experience. You can work in the comfort of your home also since they are seasonal gigs you can work in your free time.
According to the listing, a position such as a customer representative act as live chats by answering the client’s questions, which might also take place via phone calls.
If you are looking to seek for this position, you will be required to have a high school diploma, one year experience as customer service, and proficiency in English. You will also need to have a fast internet connection and the necessary computer skills. If need be, Amazon sends you the required gadgets for a position.
The listing says the payment per hour is $10 with free training and additional bonuses.
Get updates by checking this Amazon job listing here
#6 Amazon Affiliate Program
Amazon's affiliate program is a great way to monetize your blog or website with.
As an Amazon affiliate associate, you get a unique link that helps to track your sales. When a reader clicks the link and makes a purchase through it, you are paid a specific commission. It is basically what it means with affiliate marketing.
For instance, you have written a review on a specific gadget, someone interested clicks on your link and makes a successful purchase, and there you gains a 10% commission.
The program is free to join. Even though you may not make a lot of money from it, you may make money on Amazon through the program.
#7 write a book
Have you ever heard Amazon Kindle Publisher? If yes, this program allows you to become a self-publisher. There are three options to choose, such as kindle, print, and audio.
It is free to publish on kindle, and it takes less than five minutes. Excluding the writing time. In about 24-48 hours, your book becomes visible to millions of viewers. You earn 70% loyalty through Direct Kindle publishing. You maintain the right to the book, can make updates, and also you set your price for each book.
The print publishing is free also through Amazon print-on-demand service. You keep the right to your books and also set the price. The loyalties you can earn amounts to 60%.
Additionally, on Amazon audiobook, you are free to publish audiobooks and distribute them on audible, Amazon, and iTunes. This option offers different loyalties options.
#8 Amazon Mechanical Turk (Amazon M Turk)
Amazon m Turk is a platform that allows various creators to post their small tasks, and anyone is free to join and apply for these small jobs.
It works the same way as Craigslist or Fiverr. The tasks include transcription, surveys, or writing articles.
Payment is listed on every task. You have the chance to gauge if the job is worth taking or not depending on the time it might take you.
Comments
Post a Comment