15 Tried & Tested Ways to Make Money on Amazon in 2023

While majority of people know Amazon as a place where they can purchase items and spend their money, some keen minds have learned how to make money from it. Many such sellers have turned out to be successful entrepreneurs. In the year 2020, as per Statista estimates, Amazon retail sales accounted for around 38% of the total online sales made for the year in North America.

So it is quite clear that Amazon has emerged as one of the biggest platforms in the eCommerce sector. Feeling left behind? Don’t worry because there are still plenty of ways for you to make money on Amazon such as: 

1. Amazon FBA
2. Private Label Products
3. Wholesale Goods
4. Affiliate Marketing
5. Book Publishing
6. Amazon Customer Service Associate
7. Amazon Flex
8. Amazon Merch
9. Amazon Handmade
10. Amazon Trade-in
11. Writing Reviews
12. Mechanical Turk
13. Seasonal Work
14. Become an Influencer
15. Professional Services

This article will discuss each of these methods in detail to help you choose the right track for you.

1. Selling on Amazon FBA

Given the increasing scope and retail share of Amazon, it would an ideal platform for you to step into eCommerce. The Amazon FBA model relieves you of the packaging, customer service, and shipping processes. 

FBA means “Fulfillment by Amazon” which means that under this model, businesses and Amazon virtual assistants can outsource the entire fulfillment process. In this process, businesses send their products to fulfillment centers by Amazon. Whenever a customer places an order, Amazon picks, packs, and ships your order for you. Amazon also takes care of customer service and can also process returns for these orders (if any).

Stepping into Amazon FBA involves the following steps:

• Pick a product or niche that you wish to deal in
• Conduct in-depth market research to understand your target audience well
• Source wholesale goods from platforms such as Alibaba.com
• Sign up for Amazon FBA program
• Ship your goods to Amazon fulfillment center

As soon as you sign up for Amazon’s FBA network, the retail giant will take care of consumer goods deliveries. You can always deliver the items yourself using FBM (fulfillment by merchant) to avoid additional Amazon fees.

Amazon FBA might be a superior option to sell things at scale based on your product, specialty, Amazon profit margin, and company plan.

2. Selling Private Label Products

In a private label business, you basically manufacture a generic product but with certain improvements, put your logos and brand name on it, and sell it to customers. The process has been used by many sellers for quite some time now. Amazon too is part of the private label with its product lines such as AmazonBasics, Whole Foods, etc.

Starting your own private label company and selling the products through Amazon FBA will be the best way to earn money on Amazon in 2021. On Amazon, 71% of vendors operate a private label business.

3. Selling Wholesale Products

Selling wholesale products is somewhat identical to selling private labels in that it entails buying goods in bulk and selling them through Amazon’s FBA network. The difference here is that you are selling products of other brands so there is no branding involved here. Also, there is a higher competition here since there will be several other businesses selling similar items.

Despite the competition, this is one of the popular ways to make money from Amazon.com. For the past many years, wholesaling has become quite difficult. The growth opportunities in wholesaling are not as much as that of private labels, still, there are many who prefer to sell wholesale goods.

4. Affiliate Marketing

You can also make money by leveraging your website or an existing blog with Amazon Associate program. Saw a cool new product on Amazon? Let your social circle know about it too. If anyone of them buys the product, you will make a percentage in commission. 

But for that, you would first need to have a website or blog or any other form of social media presence (pages). You can also have email or WhatsApp groups for this purpose. Once there, all you need is to simply pick a product that aligns with your website, blog, or your social media page.

Affiliate marketing is an effective way to earn some money with Amazon and you don’t even need to sell anything. Some qualified purchases have yielded as much as 10% in advertising fees.

In general, Amazon affiliate commissions are as follows:

• 10% for Amazon coins, luxury beauty products, etc.
• 5% for digital videos, digital music, etc.
• 4.5% for automotive, books, kitchen, etc.
• 4% for Kindle, Amazon Fire, Luxury store fashion, Amazon Fashion, Apparel, Ring devices, jewelry, luggage, accessories, etc.

In addition to products, you can also promote services such as Amazon Prime, Audible, etc.

5. Book Publishing

If you think you can write well then why not write a book and publish it? Publishing your book has never been easier before given the ebook service by Amazon. With Amazon, you don’t need a major publisher to publish your book.

It is up to you to decide what you want to write but once you produce quality content and market it the right way then you can start earning right away. 

Anyone who believes they have the potential to produce quality content can become a writer and publish digital books on Amazon through Kindle Direct Publishing (KDP). In only around 5 minutes, your book will be published and will be available across Kindle stores within 24 to 48 hours. Amazon also offers hardcover and paperback versions in addition to the digital format.

You can also opt for Amazon’s global distribution and marketing tools to boost your sales worldwide. Another advantage of Amazon KDP is that you have the right to set the prices of the books yourself. Also, you will get 70% of royalties from your Kindle sales. Plus, you can change your content hassle-free at any time.

If you feel that you cannot manage time due to any reason, you can also outsource the book content and design. However, you must possess the ability to effectively market your products and this is only possible if you have an idea about your niche and use the right keywords. 

6. Working as Amazon Customer Service Associate

No doubt, Amazon has become one of the largest eCommerce stores across the globe. As per Statista report, it has a workforce of over 1.5 million making it one of the major employers of 2022. 

The plus side of working with Amazon is that not every employee has to work from the office. You can be employed by Amazon as a Customer Service Associate and can work remotely right from the comfort of your home.

If you have the right skills and experience, you can grab a Work From Home (WFH) position such as a customer service representative if you speak a second language. You can also find some non-technical jobs such as cloud tech account manager, technical trainer, etc.

7. Amazon Flex

It is possible that you are already aware of Amazon’s own shipping service. Perhaps the increased need for delivery assistance in numerous major cities is a result of Amazon’s same-day delivery option for clients. As a result, you can become a driver for Amazon’s delivery service. The name of this program is Amazon Flex. It is easy. To deliver packages for Amazon, all you need is a smartphone and a vehicle of your own.

The flex program states that Amazon pays its drivers between $18 and $25 per hour, with shifts often lasting five hours. To participate, you must install their app and complete a short questionnaire. Once you are approved, you can start earning money.

8. Selling with Amazon Merch

Think you have a design that would look good on mugs or t-shirts but do not want to invest the money to produce hundreds or even thousands of them? Amazon Merch is your answer. Your ideas may come to life with Amazon Merch i.e., print-on-demand service.

All you need to do is choose the product type and color, then send the designs to the Amazon database. Manufacturing, packing, delivery, and customer service will all be handled by Amazon. For each product that is sold that you designed, you will receive royalties.

9. Amazon Handmade

The market for handcrafted products is very active. You can become a member of Amazon Handmade if you enjoy making products at home and are crafty. Amazon is home to artisans from more than 80 different nations who sell their handcrafted goods there.

Amazon offers a special application and audit process for artisans alone. This guarantees that the goods are actually handmade. For sellers of handmade goods, pricing is fairly simple. There are absolutely no listing expenses or hidden costs. Just a 15% referral fee will be paid to Amazon for each sale.

10. Amazon Trade-in

Amazon offers a special application and audit process for artisans alone. This guarantees that the goods are actually handmade. For sellers of handmade goods, pricing is fairly simple. There are absolutely no listing expenses or hidden costs. Just a 15% referral fee will be paid to Amazon for each sale.

However, Amazon Trade-in would make everything go without a hitch. Gather your used things and find out from Amazon how much you may expect to receive for them via Trade-in. If you frequently buy things from Amazon, it is more convenient because you can use Amazon gift cards to buy things like food, toilet paper, and other necessities.

11. Writing Reviews

This is yet another instance where you obtain free goods in exchange for a review but do not actually receive any money. Only those who frequently post evaluations for products on Amazon are eligible for the Amazon Vine program. This initiative seeks to inspire reviewers to be objective, truthful, and helpful. The best approach to be selected for this program is to give thorough and beneficial reviews of the previous things you bought.

12. Create Product Title

The marketplace for crowdsourcing on Amazon is called Mechanical Turk, or simply MTurk. It enables people and businesses to outsource jobs like data input, research, and data validation to a virtual workforce.

Consider signing up for MTurk if you can handle microtasks. You can make anything from $0.10 to $1. You can finish as many jobs as you like because the assignments are simple to accomplish. The tasks can occasionally be tiresome and monotonous. It is up to you whether you want to put in some time and get rewarded for it, though.

13. Create Product Title

To manage peak seasons, the Amazon CamperForce initiative assembles a team of full-time RVers. As a CamperForce associate, you can select from a variety of assignments based on your availability. Simply drive across the nation, work in an Amazon warehouse for pay, and then continue on to your next RV vacation spot. Picking, packaging, stowing, and receiving are among your duties.

14. Become an Influencer

Another affiliate program is called Amazon Influencers. It differs from the Amazon Associates program we previously discussed, though. This program is made to advertise products on social media platforms including Facebook, Twitter, Instagram, and YouTube. If you have a sizable social media following, this would be a fantastic chance. 

Once you have been accepted, Amazon will provide you with a special URL for your personal Amazon page. Products that you select to recommend to your audience will be displayed on this page. You will receive a commission from eligible purchases, just like Amazon Associates.

15. Selling Professional Services

The majority of people are unaware that Amazon is more than just an online store for material goods. Through professional Amazon virtual assistant services, one can also market professional services. It does not cost anything to sign up for this program. However, depending on the services provided, you will be required to pay a percentage of your income share for completed work. A few popular categories include; education, jewelry, consumer electronics, pets, home maintenance, etc.

Conclusion

Due to its diverse streams, Amazon is more than just a shopping platform. You can opt any of the above-mentioned streams and start a successful business. This is a great way to start your business.

Frequently Asked Questions

Feel free to contact XpertVA for  professional Amazon account management services to improve your listing ranking, enabling you to improve the quality of your listing to maximize sales. Book a consultation with our skilled professionals and grow your business.

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