ECommerce platforms such as Amazon, Ali Express, Shopee, etc., have become immensely popular in the last decade. Their revenue has observed a sudden increase, especially in the last couple of years due to the covid-19 pandemic.
If you want to build your own online business, then there are many ways to do it. You can set up your website and start your business, or you can partner up with third-party eCommerce platforms such as Amazon. Selling and shipping to Amazon FBA are guaranteed ways to generate revenue if you do everything right. However, if you want to earn money through Amazon, selling is not the only way to do it. In this article, we have listed down eight ways you can earn money from Amazon.
#1: Private Label Product Selling
Private label products are sold the most on Amazon. If you want to earn money through Amazon, then the best way to do it is to set up an account and register yourself as an FBA seller and then sell private label products. According to a report, more than 65% of Amazon sellers use this strategy to generate revenue.
Private labeling is the process of debranding an existing product and then rebranding it as your own by applying your logo.
#2: Publish Book Using Kindle Direct Publishing
A great way to earn money through Amazon is to publish your book on Kindle Direct Publishing. KDP allows you to publish both physical and e copy of your book. If you are not a writer yourself, then don’t worry. You can hire a professional author from different freelance platforms and buy their book rights.
Provisional writers with years of experience can make up to $40,000 a month. However, if you are fresh in this business, don’t be deterred. You can still earn $1500 to $2000 monthly.
#3: Start Amazon Delivery Services
Amazon has its delivery systems that you can join as a driver. Amazon’s Flex program helps to deliver on Amazon’s behalf. All you have to do is fill out a simple survey, download their app, and if you’re accepted, you may begin earning money right away.
Consider it similar to Uber, but for Amazon delivery. Amazon pay driver from $18-$25/hr.
#4: Become an Amazon FBA Coach
This way of earning is not directly related to Amazon. Amazon FBA coaching teaches sellers the ins and outs of Amazon. The most experienced and professional coach can help sellers to make great profits by teaching them strategies that enable them to remain on top of sellers’ competition. Also, there’s a huge demand for Amazon coaches in the freelance market as well.
An experienced seller in the USA can earn up to $16/hr.
#5: Become An Amazon Representative
Amazon is gradually becoming one of the world’s largest employers. It now employs almost 650,000 people. Not every one of those workers works at Amazon’s Seattle office.
Amazon employs a large number of remote workers who operate from the comfort of their own homes.
#6:Start Wholesale Business on Amazon
Selling wholesale on Amazon means buying a large number of goods and distributing them in Amazon’s FBA network.
The major difference is that you are doing business by selling items from other companies. As a result, you won’t have to worry about product dealings or branding.
It’s among the most popular ways for several Amazon dealers to produce money. There are many sellers generating a huge amount of profits through wholesale business on Amazon.
#7: Retail Arbitrage
Retail arbitrage is the method of purchasing goods from different retail stores such as Walmart, Target, etc., and then selling them on Amazon at higher prices.
Since Amazon has a larger audience than any other retail store, the sellers make much more money on selling from Amazon than any other retail or eCommerce business.
#8: Start Dropshipping on Amazon
Dropshipping may be your solution if you don’t have a lot of money, to begin with but want to make money on Amazon.
The best thing about selling through dropshipping is that you never have to worry about having to stock your products. Simply put, you advertise things for sale, and once a consumer places an order, you purchase the stuff from your supplier at a discounted price and have them deliver the order to your client. In current times, dropshipping has become a very successful way of doing online business. All you need is to research and target high-demand products.
Selling on Amazon by FBA and using FBA labels is the only way people think that you can earn money through Amazon. While being an amazon seller has its perks, it’s not the only way forward. In the above article, we have listed several ways that can help you earn money in 2022 using Amazon. So what are you waiting for?