Trying to figure out how to make money on Amazon?
I’ve put together my top 10 ways to make money on Amazon to help you find a strategy that’s right for you.
And whilst you can theoretically tackle as many as you like…
I’d recommend just picking one technique to begin with and pursue it until you’ve got it nailed.
Since flip-flopping will almost certainly lead to failure.
Here we go!
What is Amazon?
As you probably already know…
Amazon is the world’s largest online retailer.
And initially selling just books…
Amazon was originally founded under the Cadabra name by Jeff Bezos back in July 1994.
The Amazon marketplace allows both individuals and businesses to buy and sell a massive range of goods online.
And such expansion has seen an increase in the number of ways that you can cash in with Amazon.
Which is what we’ll be focusing on in this guide to making money with Amazon.
Why Work With Amazon?
If you’ve read my story…
You’ll know that I’m not really a fan of jobs where you actually have to physically show up at a fixed time each day.
And that’s why I like ‘working for’ Amazon.
Because many of their opportunities can be leveraged from behind the comfort of your own computer or mobile device…
At time that suits you.
What Are Amazon’s Fees?
The exact fee(s) will vary depending on which strategy you’re using.
But if you’re just going to sell products at a rate of less than 35 units per month then:
- You’re charged £0.75 per item sold + ‘additional fees’.
- You pay only when you sell something.
- There’s no monthly subscription fee.
If you’re going to be selling more than 35 items a month then you’ll need to purchase the ‘Professional’ plan for £25 per month.
A full breakdown of the fee structure can be found here.
10 Ways to Make Money On Amazon
There’s actually quite a lot of ways to make money with Amazon.
Here’s 10 that have been used successfully by countless people across the globe.
1: Become An Affiliate
Affiliate marketing is my all-time favourite strategy for making money online.
Because you can generate a passive income when people click your affiliate links and make a purchase.
Your profit is typically calculated as a percentage of the total sale price.
The ClickBank affiliate scheme allows me to earn up to 75% commissions on some products.
This can result in very impressive returns when someone buys a high-ticket item.
And that’s exactly what happened to me the other day.
When I woke up to a $400+ commission in my ClickBank account…
As a result of someone purchasing a product through my affiliate link at a 50% commission rate:
But this is nothing…
Compared to what some of the world’s top affiliate marketers like Robby Blanchard make each day:
If you’d like to know more…
About how Robby generates such staggering sums of money as an affiliate marketer…
What is Amazon Associates?
Amazon Associates is Amazon’s affiliate scheme.
Where you’ll get up to 12% of a customer’s TOTAL order when they click your affiliate link and make a purchase(s).
And whilst 12% might not sound like much…
It can really add up when people make multiple purchases.
More information on Amazon Associates and how to apply can be found here.
How to Make Money as an Amazon Affiliate
I’ve detailed the entire process of how to make money from affiliate marketing in my FREE training course found here.
You’ll need to set up your own website…
Fill it with valuable content such as blog posts and videos on a specific subject..
And then place your Amazon affiliate links where people are likely to click them and then make a purchase.
Check out my FREE affiliate marketing guide here for more detailed instructions.
2: Sell Private Label Products
What is private label selling?
Basically, private label selling means that you sell a company’s products or services under your own brand.
This is common practice in the ‘brick-and-mortar’ business world.
How Do You Make Money Selling Private Label Products on Amazon?
In terms of the profit?
That would be the difference between what it cost you to get the product ‘out there’ and what your returns are after fees.
In terms of execution?
The basic process goes a bit like this:
- Identify a product range.
- Perform market research to find out if your idea is viable.
- Source suppliers and manufacturers.
- Differentiate your brand.
- Decide on your shipping strategy (FBA vs FBM).
- List your products.
- Optimise to maximise margins.
Is Private Labelling Worth It?
In monetary terms?
Because there are many success stories online of folks creating 6, 7, and even 8-figure businesses using PL selling and other e-commerce/dropshipping variants.
It’s my personal opinion that affiliate marketing is an easier starting point.
Mainly because you can get started for next to nothing.
Whereas a PL business could cost $100’s or $1,000’s to get off the ground.
3: Publish a Kindle eBook
I once spent 6 months writing an eBook that I published on the Amazon Kindle platform.
And whilst I was pretty annoyed that I only sold a couple of copies over the course of a few months…
It shouldn’t have been a surprise.
Not only did the sales copy stink…
I had ZERO external traffic going to my listing.
So it was actually nothing short of a miracle…
That I made a couple of sales using the ‘list and hope’ strategy.
It’s certainly possible to make money selling your own Kindle eBook.
But I STRONGLY advise that before you pen your first draft…
And start building out SEO driven content to capture relevant traffic that you can then use to pre-sell your book to via your email list.
This will not only help you validate your initial offering…
But you can increase conversion rates by creating both a follow up sequence promoting your book…
By driving targeted traffic from your website/list to your book’s sales page.
(You may even end up moving the checkout process to your own website in time).
Click here to learn more about setting up and monetising your own website.
4: Exploit Retail Arbitrage
That’s the basic idea of retail arbitrage.
But the execution can be a bit tricky.
Since you’ll have to do a bit of hunting around to find products at a discounted price…
In order to achieve the required markup after the selling fees have been applied by Amazon.
So check out this video guide to getting started with retail arbitrage and finding products to sell courtesy of ‘Rise N Grind Picker’:
5: Increase Profits With FBM Dropshipping
I mentioned FBA and FBM in the context of shipping your goods relative to a PL business.
This means that:
- FBA = Fulfilment By Amazon
- FBM = Fulfilment By Merchant
But which one’s the best?
FBA is often the most convenient because Amazon will handle the dispatch side of things.
FBM might be a better way to increase your margins because you’ll negate Amazon’s fees.
But it’s not a clear-cut case.
You’ll have to take into consideration the potentially increased workloads and decreased scalability of your business….
But FBM can be a good option when you’re on a tight budget and trying to get your business off the ground.
6: Work From Home With Amazon
Not a fan of the risks that come with starting your own business?
But not too keen on travelling to work either?
Then check out Amazon’s Jobs.
And you may be able to find something that you like in the ‘remote jobs’ section…
That allows you to do something that you like working from home.
7: Get Out of the House With Amazon Flex
Prefer getting out and about?
Then Amazon Flex might be for you.
Sign up to Amazon Flex.
And you could potentially earn up to $18 – $25 an hour delivering Amazon packages in your area.
8: Try Amazon Handmade
Are you an artisan?
Then you could potentially make money by selling your goods on Amazon Handmade.
Where you can once again use FBA to help you with the shipping side of things.
And leverage sponsored ads to connect with your customers at every step of their journey…
From awareness, to purchase, and beyond.
9: Embrace Print On Demand
Much like dropshipping…
Print On Demand (POD) is a way to sell products once an order has been placed.
But POD is specific to certain ‘printable’ goods such as t-shirts, hats, books, posters, and more.
And if your niche fits…
POD could help you avoid the risk of purchasing large amounts of stock that may not end up selling.
POD fits well with the private label selling model.
10: Leverage Mechanical Turk
If you’re happy to complete simple tasks in exchange for a bit of extra pocket money?
And don’t want to worry about getting scammed by a low quality GPT site?
Then you might be interested in Amazon Mechanical Turk.
Conclusion: Which Strategy is the Best?
It really depends on what you’re interested in.
In my case?
Doing the mindless tasks associated with Amazon Mechanical Turk for pennies on the hour isn’t really my thing.
And I’m a bit too risk-averse to fire a stack of capital into a PL or dropshipping project.
That’s why I prefer affiliate marketing.
Because the start-up costs and risks are almost non-existent.
Especially if you’re using my free affiliate business guide to get up and running.
And that’s not all.
Remember how I said that the money made from affiliate marketing is passive?
As I was writing this guide to making money on Amazon…
I banked another $60+ in passive income…
To go with the $400 that I secured the other day.
And it’s not even noon yet.
This is the power of affiliate marketing.
But don’t get me wrong.
This didn’t happen overnight.
Because I’ve been adding content to Online Income Solutions almost daily for more than 12 months now.
And I’m not even CLOSE to hitting my target of £10,000 per month in passive income yet.
But the good news is that the affiliate marketing strategy that I use follows an exponential curve.
Meaning that even though I spent the first few months toiling away for very little in return…
My results are now beginning to snowball.
So if you’re not afraid of a bit of hard work?
Click the button below.
And I’ll teach you the same affiliate marketing strategy that’s been working wonders for me…
I have been making money online since 2007.
By using a range of strategies that include:
Affiliate marketing, blogging, matched betting, casino-based advantage play, value betting, arbitrage betting, Betfair trading, online surveys, rewards platforms, forex trading, writing eBooks, dropshipping, and more.
(Each with varying degrees of success!)
I have previously worked as a project consultant and content creator in the ‘make money online’ and betting system niches for start-up companies.
But I now specialise in reviewing online money-making systems and products to see if they are scams or the real-deal.
Oh, and I’ve written more blog posts than what’s probably considered healthy!
I’ve created Online Income Solutions to help you get straight to the business of making money online – without wasting your time or money.