Introduction
Amazon started out as an online bookstore, but it has metamorphosed into one of the largest retail outfits on the Internet. As is to be expected about such sites, people have been looking for ways to make money on Amazon.
“Amazon Affiliates is the most popular method of making money on the site”
Amazon Affiliates is the most popular method of making money on the site, despite the fact that there is a lot of competition here. Fortunately, there are other ways to earn some real money on Amazon, and here are some of them.
Sell Private Label Products on Amazon FBA
In this model, you create a product and have a manufacturer produce it for you. With the ready product on hand, you then upload the details to Amazon and let customers buy it from there. This method gives you more control over your sales, and the competition is weak.
Amazon FBA (Fulfillment by Amazon) takes care of all logistics of packaging and shipping the product to your customers. All you have to do is concentrate on product development and the marketing aspect.
Work on Mechanical Turk
If you can do several menial tasks in a day, you can get an account on Mechanical Turk. This is an Amazon platform used by entrepreneurs and small business owners who want some minor tasks done quickly.
“you probably won’t make a living working here, but you can make a cool $150 to $300 a week”
The tasks attract a minimal amount regarding remuneration, and you probably won’t make a living working here, but you can make a cool $150 to $300 a week. This is money that you can save for a bigger project in the future.
Become an Amazon Affiliate
This is the most common way for people to make money from Amazon. You get to keep up to 10% of the commission made for selling products.
Start by signing up for a free account and then look for products that you can sell. This is the tricky part because you have to get products with low competition, in a unique niche. When you sign up, you get a unique tracking ID which proves that you initiated the sale.
You can blog about the products that you are selling using Amazon Affiliates, or you can only post the link on social media. To succeed as an Amazon Affiliate, time, planning and a lot of effort is required.
“To succeed as an Amazon Affiliate, time, planning and a lot of effort is required.”
Sell Retail Arbitrage Products through Amazon FBA
This is yet another way of making money from Amazon. You pick a product and then sell it at a marked-up price on Amazon. You need to research the product and know which customers to target.
An example could be a product that is easily found in your local area, which would attract customers from a different geographic region. You buy the product and ship it to Amazon, and then you sell it to customers who cannot get it in their area.
Self-Publish on Amazon Kindle
If you have a knack for writing books, you can publish them on Amazon Kindle. You simply write your book and upload it to Amazon. You have to market your book for it to stand out among the vast library that is available on Amazon.
Use your blog and social media to get people to buy your book. Once again, planning is essential, so you get the right book and the proper marketing channels.
For example, use smart pricing to drum up readership for your book. You can offer it for free during the first week after publication and then ask for a few dollars once the book has traction and has received some favourable feedback. After a while, you can request a lot more, since the book will have an avid readership.
Your Takeaway
Being successful on Amazon requires a lot of research on your part. When done properly, you will get a product that will sell quickly, and you will make a neat bundle of money. Many people have succeeded in creating a business model based on Amazon, but it is not a get-rich-quick channel. Just like making money on a blog, you will need to be patient when trying to make money on Amazon.
