Don’t panic if you’re afraid that you have missed the e-commerce boat. Although there are many e-commerce websites that can make it simple to sell goods online, including eBay, Shopify, Walmart, and Etsy. Among all of these, Amazon is the best place to make money online.
For individuals, who want to enter the e-commerce industry. Amazon offers a great opportunity for them. But how to make money from Amazon? Here are the top ways to make money on Amazon in 2022
How to make money from Amazon
1. Sell your own private label products on Amazon
Private label sales using the Fulfillment by Amazon (FBA) network are still the easiest way to make money on Amazon in 2022. The private label method is used by about 67% of all Amazon sellers to operate their business.
Private labeling is the process used to create already-existing products, adding your branding and logos to them, and then selling it to the customers. White labeling and brand creation are some names for it. (The method is common and has been used for years; two examples of private label products are Walmart’s Great Value and target’s Mainstays).
How much money You can make selling private label products on Amazon
Monthly costs range from $625 to $1875 per product.
Nearly two-thirds (59%) of private-label vendors have profit margins over 16 percent, and over half (56%) of them have monthly sales of $5,000 or more. 20% of private-label dealers with more than a year of experience in sales have made more than $10,000 in earnings during their whole lifetimes.
2. Publish your own books on Kindle Direct Publishing
According to Amazon, you can publish your own book on Amazon using Kindle Direct Publishing (KDP). You can print actual copies of your book and its digital version. The only disadvantage to this method is that you often need to write a lot to be successful. Although it is possible to release one or two hugely successful books, volume is the big secret to publishing success. You can earn more money if you write more.
How much money can I make writing for KDP?
Well, the answer is around $40,000 or more each month
Depending on what I have heard, some authors can earn up to $40,000. To get noticed, these authors, however, usually write regularly and about certain topics. You don’t need to write the material again once you have written it. If you want a quick success in this field, you can also use reusable resources online and combine them to make a digital book.
3. Sell wholesale goods on Amazon
Like Private label, wholesale selling requires obtaining large quantities of goods to market through Amazon’s FBA network. The main difference is that you are advertising goods made by other companies. As a result, you don’t have to be concerned about product manufacturing and branding. It’s one of the most well-liked methods of earning money on Amazon for many sellers.
How much money can I make selling wholesale goods on Amazon?
Approximately $3,000 – $4,000 per month
Even though Amazon wholesaling has become increasingly hard in recent years, it’s still a wonderful method to make money on Amazon. So it can sometimes be a “race to the bottom” on prices, where the sellers compete with each other by lowering their prices relative to their competitors. You won’t be able to make money if you can’t purchase your things for a low suitable cost. Nevertheless, 61 percent of Amazon’s wholesale merchants generate $5,000 or more in monthly sales.
4. Deliver Amazon Products
The next way to make money from Amazon is by delivering Amazon’s products. You are likely well aware of Amazon’s own shipping service. However, did you know that you may become a driver for Amazon’s delivery service? You may thank Amazon’s Flex program. Simply complete a short interview, download the app, and if accepted, you can begin earning money right away.
How much money can I make on Amazon as a Flex driver?
Around $100 per day.
The shifts are typically five hours long, and according to Flex’s website, Amazon pays drivers between $18 and $25 per hour. I’ve also heard reports claiming that even if drivers end their shifts earlier than scheduled; they are still paid for the whole five hours.
5. Become a Blogger and earn from Amazon
Have you ever wanted to establish a lifestyle blog, share recipes or how-to videos, or otherwise have your ideas and thoughts published? While doing that, you could profit from Amazon. Think about it. If your friends click the link to a cool product you found on Amazon and end up purchasing it, you will be compensated. Because the link is shared with many more people when it is posted on your blog, you can earn a lot more in commissions. That is how the Amazon Associates program works.
You can join the Amazon affiliate program to receive unique links that you can share on your blog/website. Your blog should have a good audience in order to earn a handsome amount from Amazon Associates. You will get a commission, once the purchase is made from your link.
How much money can I make as an Amazon affiliate?
The result of this technique varies greatly. It all depends on the number of visitors, your blog/website have.
Probably the most well-known affiliate online program is Amazon Associates. Amazon usually pays a 3-5 percent commission on each sale made through your affiliate link. The drawback is that you have to be a powerful online personality. Making a great deal in sales commission will be hard if you don’t have a large audience.
If you want to use affiliate programs other than Amazon Associates, then check this guide to find an affiliate program to make money online.
6. Work from home as an Amazon representative
Amazon is one of the world’s greatest networks which is rising very fast. Amazon currently employs over 650,000 people. Naturally, not all of those workers are based at Amazon’s corporate office in Seattle, Washington. In reality, many of Amazon’s workers are remote workers who perform their tasks from the comfort of their homes. You can also work for Amazon from your home.
How much money can I make on Amazon as a work-from-home employee?
As a full-time job, you make about $30,000 per year.
The role you have as a remote worker for Amazon determines your pay. You may earn $30,000 or more as a full-time, remote Amazon representative.
7. Sell Amazon products by dropshipping
Dropshipping might be a way for you to make money using Amazon even if you don’t have much money at first. You can list items for sale through dropshipping without ever having possession of the product inventory. Simply advertise products for sale, and when a buyer puts an order, you purchase the item from the supplier at a discounted rate and send it to the customer. Without ever handling or seeing the item, you as the dealer profit! The logistics will be taken care of by your supplier.
How much money can I make on Amazon through dropshipping?
The result of this money-making strategy differs wildly. It also depends, on how you advertise the product and how much traffic you get through the advertising campaign.
There are seven excellent methods to make money on Amazon. Although there may be even more options than the seven I’ve given. But for now, this list should set you on the proper course. Just pick one or two options from the list above and focus on that.
Every online business requires some time to build. Usually, most people fail in online business right from the start but the thing, you should keep remembering is to work consistently. If you work hard and be consistent then every online earning method will work.