How to Make Money on Amazon
Amazon is everyone’s favorite online shopping platform. Ordering something online and then receiving it in two days? Yes, please! I spend a lot of money on Amazon, is there a way to make money online with Amazon? Yes! With Amazon Handmade you can make money on Amazon. We will go over how to make money on amazon and more below.
What is Amazon Handmade?
Amazon handmade is an extension of amazon that allows users to create a selling account and then sell their products to the public. To join handmade users must apply and then be approved Approval to sell on amazon handmade comes with a waiver and professional selling fee.
You can make money from amazon at home by selling genuinely handcrafted goods. Products sold include artwork, jewelry, clothing, etc. The possibilities are endless. To be able to sell your products on Amazon you will need to fill out the artisan application and be approved, this ensures that consumers will receive genuinely handcrafted goods.
How much beginner handmade sellers earn depends on what their products are priced at and how much they sell. There is no definite answer. One way to ensure you are receiving any type of profit is to ensure
What is the Amazon Associates Program?
The Amazon Associates program is a way for content creators, publishers, and bloggers to monetize their traffic. This program allows associates to direct their audience to recommended products through links. Associates earn 10% of the profits from qualifying purchases and programs.
This program is also known as the Amazon Affiliate program. Influencers essentially sell products that they use to their audience through Amazon and earn part of the profit. If you are an influencer and have a decent following this is a great additional way to make money.
Realistically how much money you earn from the Affiliate/Associate program depends on your following and the price of the product. You need people to first purchase your recommended products. And products priced higher will turn a higher profit, 10% of 100 is $10, while %10 of $10 is $1.
What is Amazon FBA?
Amazon FBA, aka Fulfillment by Amazon is a service that helps Amazon sellers outsource shipping to Amazon. With this fulfillment option, Amazon stores, picks, packs, ships, and delivers the products to customers. Amazon also handles customer service and returns for those orders.
With Amazon FBA sellers don’t have to worry about setting up their own delivery service, they can ship their products directly to an Amazon Fulfillment center which will then take care of the packaging and delivery of the products.
Partnering with Amazon FBA is a great way to sell wholesale goods and make a good profit. When you enroll in the FBA your products qualify for free Prime two-day shipping. Free two-day shipping entices more people to purchase your products, therefore earning you more money. Another advantage of enrolling in Amazon FBA is that the Amazon customer service team is available to help your customers with questions and returns.
If you are trying to get rich quickly from selling products on Amazon, joining the FBA is certainly a great way to help you get started.
How to Earn Money On Amazon
Believe it or not, there are quite a few ways you can earn money on Amazon. You don’t have to be rich and famous or already super successful to start earning money either.
Do you enjoy writing? Do you think you have things to say that others will agree with? Consider trying to publish digital books on Amazon! You can write on whatever platform you like (google docs, word, etc) and then publish it to Amazon. You can offer it as a digital read, paperback, or on Kindle stores. You probably thought you would never write your own books, but Amazon makes it possible, and possible to earn money too!
Amazon Fulfillment or FBA is another great way to earn money on the online marketplace. You can purchase or create your products and then ship them to an Amazon fulfillment center. Then Amazon takes care of packaging and delivering your products. They even take care of the customer service side of things like processing returns.
Retail arbitrage is another way you can earn money on Amazon. This is when you buy a product for one price and then sell it at a slightly elevated price for a profit. Be careful when attempting retail arbitrage not to increase prices too dramatically, otherwise, you’ll never start selling anything. When done well, retail and online arbitrage can be very profitable.
If you are craft and enjoy creating things, consider selling handcrafted products on Amazon through Handmade. This is a space where artisans sell products you won’t find in an average retail store. And Amazon makes it easy to set up your Amazon Business selling whatever handcrafted items you desire, as long as they are approved.
Realistically, can you make money on Amazon? The answer is yes. Most people today would prefer to shop online than have to visit in-person retail stores. If you have a desirable product you are sure to make money on Amazon. How much money depends though on what you are selling, how much effort you are putting in to make sure your items sell (commercials, promote products on social media, etc), and whether or not you are taking full advantage of the opportunities offered to you, like FBA.
Can I Create My Own Amazon Page?
Amazon users can create their own seller page in a few easy steps. Your Amazon page, more commonly referred to as Amazon Store, first needs to have an active and registered trademark. Which needs to be submitted to Amazon and then verified. Only private sellers need to enroll in the Amazon Brand Registry program, vendors don’t need to enroll.
There are two different selling plans, individual and professional, or standard and premium. Which plan you enroll in depends on your sales. Wholesale sellers selling more than 40 items a month should choose the professional plan, those who sell less should choose the individual plan. The professional plan also includes access to API’s and more selling reports.
Amazon is not just a marketplace to sell your items. When you create an Amazon page you can access professional services to help your sales grow.
There is no definite amount you will earn from selling on Amazon. It really comes down to your product pricing, audience traffic, and what you are selling. A good rule of thumb is you will make as much money to equal the work you have put into selling.
Final Thoughts on How to Make Money on Amazon
There are quite a few ways to generate income using Amazon. From direct publishing digital books, joining Amazon’s FBA network, or if you join Amazon handmade. Your monthly sales are sure to increase when you take advantage of the professional services offered by Amazon.
If you haven’t tried selling on Amazon and have products to sell or ideas to write, selling them on Amazon is something to think about, as there is never a shortage of Amazon customers.
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