What once started as a small website for selling books is now the world’s largest retailer with a worth of more than $602 billion. Amazon is still going strong, and it's worth will soon cross $1 trillion.
The good news is that you can also have a piece of the Amazon pie through smart and innovative ways and make money on Amazon .
So how can you do that?
Let’s find out.
The best way through which you can make money on Amazon in 2020 is by selling products under your private label through Amazon’s FBA network.
For starters, private label is the process of crafting an already existing item with added improvements, putting your logos and other branding on to it, and selling it to consumers. This process is also known as brand creation or white labelling.
With Amazon FBA, you can get the products delivered to your customers. Amazon will take care of everything – packaging, shipping, customer service and the like – for a small fee.
Earnings: Between $625 and $1875 per month
If you want to know the secret of making money on Amazon , try selling wholesales goods on Amazon using its FBA network. What makes this method even better and profitable than selling private goods is that you are selling the products of other companies.
Thus, you don’t have to get involved with the manufacturing and branding of products. This is how most people make money selling on Amazon .
Earnings: Up to $3,500 - $4,000 per month
This is another great way to earn with Amazon. All you need to do is buy products from eBay and sell them on amazon.
Although this is a relatively easier method to make money selling on Amazon , it has its own limitations as well. Your options, as a seller, are limited. Further, since it is an easy method, anyone can get started, and this makes the competition tough. Additionally, this method is not easily scalable too.
Earning: Between $200 and $500 per month
If you are still wondering how to make money on Amazon , this method will help you get started. The process is simple, all that you will need is a bit of creativity.
Do you master the art of creating beautiful coffee mugs, or t-shirts? Do you not want to invest a lot of money on creating hundreds of them? Merch by Amazon can help you.
It is a print-on-demand service that lets you upload designs into the database owned by Amazon. These designs are then used for creating tote bags, shirts, mugs, hats, and more.
This way, whenever a sale is made, Amazon creates the item for you automatically, ships it, and lets you make money.
Earnings: The earnings made through this method vary, and make around $1.50 per product. However, the number of Merch products that you can carry at any given point in time is 50 designs.
If you have a flair for writing, this is a great way to earn with Amazon . The Kindle Direct Publishing (KDP) program of Amazon allows you to publish books on Amazon – both in digital format and as physical copies.
You can make a lot of money using this method, but you should be able to write prolifically. Further, the volume is another important criterion. The more you write, the more you earn.
Earnings: You can make up to $40,000 per month.
So, these were some of the best ways to make money selling on Amazon . Surely, there are various other ways that you can try, but these methods should get you started.
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