Ways to Make Money on Amazon in 2022. Don’t be worried if you think you’ve missed the e-commerce boat. It’s just starting to move. While several eCommerce platforms, such as eBay, Shopify, Walmart, and Etsy, can make selling products online simple, Amazon is, in my opinion, the best way to make money online.
For those interested in entering the world of e-commerce, Amazon is a fantastic opportunity. Amazon made $386 billion in revenue in 2020, with third-party sales accounting for more than half of that. But, if you want a piece of the Amazon pie, what can you do? There are a ton of great ways to make money on Amazon, so this article delves into the top ways to make money on Amazon in 2022 to help you figure out which method might work best for you.
Let’s get started!
1. Create your own private label products and sell them on Amazon.
Private label sales using Amazon’s Fulfillment by Amazon (FBA) network are still the best way to make money on Amazon in 2022. Around 67 per cent of all Amazon sellers use the private label method to run their business. Private labelling is the process of taking an existing product (preferably with improvements) and customizing it with your branding and logos before selling it to customers.
It’s also known as white labelling or brand development. Private label brands, such as Target’s Mainstays and Walmart’s Great Value, have been around for years and can be found in countless retail stores. Amazon can deliver your products (typically in two days or less what you’re probably familiar with as Amazon Prime) thanks to FBA. This is how e-commerce entrepreneurs, such as you and me, can list products on Amazon and profit from sales.
How much money can I make on Amazon by selling private label products?
Assuming that each product costs between $625 and $1,875 per month, Over half of the private-label sellers (56%) make $5,000 or more per month in sales, and nearly two-thirds (59%) have profit margins of more than 16%. Twenty per cent of private-label sellers with more than a year of experience have made over $10,000 in lifetime profits.
2. Use Amazon Kindle Direct Publishing to self-publish your books
You can use Amazon Kindle Direct Publishing (KDP) to self-publish your books. You can print physical copies of your book in addition to the digital version. The only drawback to this option is that in order to be successful, you will almost always need to write a lot. Though one or two hugely successful books can be published, volume is the true name of the game in publishing.
How much money can I make as a KDP author?
Up to $40,000 per month is possible. I have seen cases where some authors are said to earn up to $40,000 per month. These authors, on the other hand, are prolific and write on a variety of topics in order to gain attention. The good thing about this method is that you don’t have to write the material again once you’ve written it! You also don’t have to be concerned about inventory. Once you have written the book and listed it for sale on Amazon, it will remain there forever and keep generating sales every month.
You can watch videos of how to make money from amazon kindle from this blog post
30 Types of Low Content Books That Drive Massive Sales And Are Easy to Make or from my youtube channel iMOTIVATE Passive Income Academy
3. Use Amazon to sell wholesale goods
Selling wholesale, like Private Label, entails purchasing large quantities of products to sell through Amazon’s FBA network. The main difference is that you are selling products from other companies. As a result, you won’t have to worry about product manufacturing or branding. It’s one of the most popular ways for many Amazon sellers to make money.
How much money can I make on Amazon selling wholesale goods?
You can make Up to $3,000–$4,000 per month. It is completely possible to make that much. While wholesaling on Amazon has become notoriously difficult in recent years, it remains a lucrative business.
This is because you’ll most likely be sharing the Buy Box with other resellers, it’s a lot more competitive than the private-label market. As a result, it can sometimes be a “race to the bottom” on prices, with the only “lever” sellers have to compete is by lowering their prices relative to their competitors.
Furthermore, the profit is entirely dependent on the purchase. You will not be able to make money if you are unable to purchase your goods at a low enough cost. Despite these challenges, 61 per cent of Amazon wholesale sellers make $5,000 or more in monthly sales, which isn’t bad.
4. Deliver Amazon’s goods
You are most likely aware that Amazon has its own delivery service. But did you know that you can work as a delivery driver for Amazon? You can do just that with Amazon’s Flex program. All you have to do is fill out a quick survey, download their app, and if you’re accepted, you can begin earning money right away. Consider it similar to Uber, but for Amazon deliveries.
How much money can I make as a Flex driver on Amazon?
Per day, you can make well around $100 or more. Amazon pays drivers between $18 and $25 per hour, according to Flex’s homepage, and shifts are typically five hours long. I’ve also heard that even if drivers finish their shifts early, they are paid for the entire five-hour period. You will agree with me that making $100 per day for a few hours of work is not a bad deal.
5. Start your own blog
Have you ever wanted to start a lifestyle blog, share how-to videos or recipes, or have your thoughts and ideas published in some other way? If you have, know that while doing so, you can earn money from Amazon! Consider the following scenario. You find a cool product on Amazon, share the affiliate link with your friends, and you get paid a commission if they buy it. If it happens that you have a blog huge social media following or website where you can put your link and it goes out to a lot more people, you will for sure make a lot more money in commissions.
Amazon makes this possible through their Amazon Associates program. Amazon Associates is an affiliate program in which you sign up to receive unique product links from Amazon that you can only share with your friends. When someone clicks on the link and buys something, you get a percentage of the sale.
As an Amazon affiliate, how much money can I make?
The returns on this money-making method vary greatly. The Amazon Associates program is the most well-known affiliate program on the web. While the commission percentages aren’t particularly high typically 3.5 per cent; the conversion rates and volume you receive from sharing those links more than compensate. The disadvantage is that you must be an online influencer or have a huge following to drive more sales. Making a lot of sales commissions will be difficult if you don’t have a large social media following or blog is still getting small traffic.
6. Use retail arbitrage to resell store-bought items
If you watched “The Office” in the United States, you may recall the episode where Dwight purchased all of the Princess Unicorn dolls around Christmas time. His plan was to sell them to last-minute shoppers for $200 or more. That’s how retail arbitrage works in a nutshell. You go to a retail store like Walmart, Target, Barnes & Noble, and others to find and buy discounted products for arbitrage. You then resell those items on Amazon for a profit.
How much money can I make on Amazon doing retail arbitrage?
This method’s earning potential also varies a lot. Although retail arbitrage is competitive and difficult to scale, it is still a low-cost and quick way to start making money on Amazon. Retail arbitrage allows you to make as much or as little money as you want. You do, however, need a lot of patience to be an arbitrage seller. Many times, sellers will spend the better part of a day or weekend looking for products in retail stores only to come up empty-handed. Don’t let that put you off if you want to try this method of selling on amazon. A lot of people use this method to get started selling on Amazon and they are making paychecks every month from it.
7. Use online arbitrage to flip products from online retail stores.
Rather than buying products in-store as you would with retail arbitrage, you buy products to flip on Amazon from other e-commerce stores. You’re limited to physical stores in your area with retail arbitrage, but the possibilities for purchasing inventory are nearly limitless with online arbitrage. Many online retailers, such as eBay, Walmart, Target, CVS, Home Depot, and others, offer opportunities to flip products.
How much money can I make using online arbitrage on Amazon?
This method’s earning potential also varies greatly. The amount of money you can make with online arbitrage is largely determined by how much effort you put into it. You will obviously not make any money if you have trouble finding profitable products online. The truth is there are lucrative deals out there; all you have to do is patiently look for them!
8. Work as an Amazon representative from home.
While working from the comfort of your home, you can make money on lots of money from Amazon. Amazon is quickly becoming one of the world’s largest employers. Following the acquisition of Whole Foods in 2017, Amazon now employs around 650,000 people. Naturally, not every one of those employees works at Amazon’s Seattle headquarters. A good number of Amazon’s employees, in fact, are remote workers who work from the comfort of their own homes.
As a work-from-home Amazon employee, how much money can you make?
As a full-time representative, you can expect to earn around $30,000 per year. The amount of money you make as a work-from-home Amazon employee is determined by the position. According to a quick search on Google, the majority of the jobs available are in data entry and customer service. In addition, in 2018, Amazon established a $15 minimum wage. As a full-time, work-from-home Amazon representative, you could earn at least $30,000 per year.
9. Become a Mechanical Turk participant.
Mturk (Amazon Mechanical Turk) is a crowdsourcing platform. Mechanical Turk is a small Amazon program with a funny name (MTurk). Mechanical Turk serves as a hub for outsourced tasks such as data validation, research, and survey participation. While the name suggests artificial intelligence, Mechanical Turk is made up of hundreds (if not thousands) of remote workers just like you.
What is the maximum amount of money I can make on Amazon using the Mechanical Turk program?
For a 20-hour workweek, expect to be paid between $120 and $200. Mechanical Turk pays a little less than some of Amazon’s work programs because it is more low-maintenance. Nonetheless, according to online reports, Mechanical Turk workers can expect to earn between $6 and $10 per hour.
10. Create your own products to sell on Amazon using Amazon Handmade.
Amazon Handmade might be the place for you if you’re a craftsperson or a maker! Amazon Handmade is an invitation-only program that allows artisans to create and sell their own goods on Amazon’s platform. Obviously, because you are producing your own orders, this method requires a little more effort to keep track of them. However, the amount of exposure your brand receives from Amazon is enormous. Amazon Handmade can help a large number of people learn about your unique products in a short period of time.
How much money can I make on Amazon selling handmade goods?
You can make up to $100 per day. It is very possible to make that amount of money selling your own products. Although with Amazon’s massive audience to market to, your earning potential with Amazon Handmade is limitless, 63 per cent of Handmade artisans earn over $1,000 per month in sales. It is worthy of note that handmade sellers are profitable even with Amazon’s fees. Profit margins of more than 20% have been reported by 33% of handmade sellers.
12. Use Merch by Amazon to sell your own t-shirts, hats, coffee mugs, and other items.
Have a great idea for a t-shirt or coffee mug but don’t want to spend the money to make hundreds? Then Merch by Amazon is the place to be. Merch is a print-on-demand service that lets you upload designs to Amazon’s database and have them printed on demand. The designs can then be printed on t-shirts, tote bags, coffee mugs, hats, and anything else you can think of. When you sell something on Amazon, they make it for you, ship it, and you get paid a commission.
How much money can you make through Amazon’s Merch by Amazon program?
The returns on this money-making method vary greatly. Amazon will pay you a royalty fee if you sell an item through Merch by Amazon. Your royalty will range from 13 per cent to 37 per cent, depending on the price of the product. In other words, the higher the sold price, the higher the royalty.
13. Use dropshipping to sell items without having to own any inventory.
Dropshipping may be the way to go if you don’t have a lot of money to begin with but want to make money on Amazon. Dropshipping enables you to sell products without ever having to own the inventory. Simply put, you list products for sale, and once a customer places an order, you buy the product from your supplier at a discounted price and have them ship the order to your customer. You earn money as the seller without ever having to touch or see the product! All logistics will be handled by your supplier.
How much money can I make by dropshipping on Amazon?
The returns on this money-making method vary greatly. Finding a dependable supplier is the key to dropshipping. It will be difficult to make consistent money with dropshipping without one, though it is possible.
14. Use Amazon Services to market your services.
Amazon is more than just an e-commerce platform. They, too, are embracing the gig economy. Amazon Services, in essence, enables entrepreneurs to sell their services online. If you’re a plumber, lawn care expert, dog walker, or piano teacher, Amazon Services can help you connect with people who need your services.
How much money can I make by using Amazon’s services?
The returns on this money-making method vary greatly. There’s no limit to what you can achieve! If the market is willing to pay for it, what you make is what you ask for. Yes, it is a competitive environment. You can use the Amazon services platform to quickly scale your service-based business if you have the right attitude and determination. Visit Amazon’s homepage to learn how to make money with their services. It includes all of the necessary application forms as well as the information you’ll need to get started: Amazon is a great place to sell your professional services.
15. Work for Amazon during the summer with CamperForce.
Did you know that Amazon employs a team of full-time RVers to assist with peak seasons? It’s called CamperForce, and it’s a website that brings together a group of RV enthusiasts. To cut a long story short, you can drive around the country, get paid for a quick job in an Amazon warehouse, and then head to your next RV vacation destination. As a CamperForce associate, you’ll be able to pick and choose from a variety of assignments based on your availability and location preferences. Picking, packing, stowing, and receiving are the four categories of responsibilities.
As an Amazon CamperForce associate, how much money can you make?
As a full-time seasonal associate, you can expect to earn around $600 per week. All warehouse associates at Amazon are paid a minimum of $15 per hour. Amazon, on the other hand, pays for RV campsites for CamperForce employees. CamperForce associates also have access to Amazon’s 401k, health insurance, and other benefits as Amazon employees.
16. Work for Amazon in one of their fulfilment or distribution centres.
Finally, one that has received a lot of attention recently is working in one of Amazon’s massive fulfilment centres. Amazon associates help Amazon and its first- and third-party sellers pick, pack, store, and ship products.
Working in an Amazon fulfilment centre, how much money can I make?
As a full-time associate, you can expect to earn around $30,000 per year. Warehouse associates at Amazon make a minimum of $15 per hour. They are also compensated by the company. What is the best way for me to get a job as an Amazon warehouse associate?
The best place, to begin with, is on Amazon’s jobs page, you can learn more about becoming an Amazon warehouse associate and apply there.
In conclusion, this year, ensure that make that money!
That’s all there is to it. There are fifteen amazing ways to make money on Amazon. I’d go so far as to say that there are probably even more options than the 15 I’ve listed (dropshipping, for example), but for now, this list should get you started in the right direction. Please let us know if you know of any other ways to make money on Amazon in the comments section below. Best of luck!