With a vast realm of earning potential in the eCommerce landscape, how to make money on Amazon is always a hot question in customers’ minds. According to Statista, in Q1 of 2024 alone, Amazon’s global net sales from third-party retailers reached $34.6 billion. This showcases an unparalleled opportunity for those seeking how to sell on Amazon or ways to make money on Amazon.
Curious about how to make money on Amazon? This article unveils 16+ proven and practical ways to succeed, whether you’re into selling or exploring alternative methods.
Let’s jump right in and kickstart your Amazon money-making journey now!
How to Sell on Amazon and Make Money
At LitCommerce, Amazon stands out among eCommerce platforms for making money online. Check out these 16+ proven ways to make money on Amazon in 2024:
1. Sell your private-label items
The most profitable way to make money on Amazon in 2024 is still through private-label sales through Amazon’s Fulfillment by Amazon (FBA) service. Private label products are items produced by one company but sold under another company’s brand. So, selling private label items can be mentioned that you manufacture a pre-existing item (preferably, with product improvements), put your branding and logos on it, and sell it to consumers. Target’s Mainstays and Amazon’s Amazon Essentials are popular examples.
According to Jungle Scout, Most Amazon sellers make at least $1,000 per month in sales, and some super-sellers make more than $100,000 monthly. In the US, a seller called Manny Coats sold his 10 SKUs (6 of those SKUs were in the Toys categories). generated a total of $75,762.35 with $57,033 in profits in his first month.
So, to learn how to make money from Amazon FBA by successfully selling private label products on Amazon, sellers need to put more focus on branding and content marketing. Here are some tips you can follow:
- Develop a strong, cohesive brand identity for your private label products with consistent messaging and visuals.
- Make sure that your private-label product pages are well-optimized with high-quality images, detailed descriptions, and customer reviews.
- Emphasize the unique value proposition, quality, and innovation of your private-label products compared to national brands.
Read more: Amazon FBA Private Label: The Detail Guide
2. Sell wholesale goods
Another lucrative avenue on how to make money on Amazon is selling wholesale goods through Amazon Business. This method involves sell Amazon handmade. However, it has a key distinction – you’re selling other companies’ products. And the best part is that you don’t need to worry about manufacturing or branding; you can jump right into reselling.
A significant 61% of wholesale sellers on Amazon make $5,000 or more in monthly sales. Amazon wholesale sellers typically have a profit margin of around 20%, which is lower than the 30-40% profit margins that private label sellers can achieve. Electronics, jewelry, beauty products, and toys have some high-profit margins when selling in bulk, from 25-60%.
Here are the key tips for selling wholesale goods on Amazon
- Find profitable wholesale products to sell: Look for branded products with high demand and low competition on Amazon. Avoid products sold directly by Amazon or private label sellers
- Contact manufacturers, distributors, or wholesalers to negotiate bulk purchase prices.
- Choose your suitable fulfillment: Fulfillment by Amazon vs. Seller Fulfilled Prime
3. Sell handcrafted products
Unleash your creativity and delve into your Amazon money-making journey with Amazon Handmade – a perfect haven for artisans!
Once accepted, this program lets you craft and sell your goods on Amazon where customers specifically seek unique, handmade items allowing you to earn money from home.
The earning potential on Amazon Handmade is boundless. A remarkable 63% of Handmade artisans make over $1,000 monthly. Despite fees, 33% of sellers enjoy profitable margins above. Some most profitable categories from Amazon include handmade stationery and greeting cards, holiday decorations, jewelry, and pet accessories.
To succeed in the Handmade category on Amazon, here are some tips for Amazon crafts sellers:
- Emphasize the unique meaning and value of materials and innovation of your handmade compared to other usual products.
- Diversify your inventory to cater to different demographics of buyers.
- Stay attuned to fashion trends and tailor your inventory accordingly.
4. Sell your merch
How to make money on Amazon by turning your clever shirt or mug idea into cash without upfront costs! Making money with Amazon Merch on Demand is the answer. It’s a print-on-demand service where you upload designs into Amazon’s database, and they can appear on various items like shirts, bags, mugs, and hats.
No need to worry about production costs – when a sale happens, Amazon handles creation and shipping, and you earn money and spend thousands to purchase inventory.
With Merch on Demand, Amazon pays you a royalty fee ranging from 12% to 37%, depending on the product’s price. The higher the sale price, the higher your royalty. Check out Amazon’s Royalties resource page for the full schedule.
So, how to sell on Amazon and make money? selling Amazon Merch designs is a good option even when you cannot:
- Find profitable niche product ideas: Research high-demand, low-competition product categories like t-shirts, phone cases, and home decor.
- Create high-quality, original designs: Invest time and resources into designing unique, professional-looking artwork to catch customers’ attention.
- Diversify your sales channels: While Amazon Merch on Demand is a powerful platform, consider selling your designs on other print-on-demand marketplaces like Etsy or your eCommerce website to expand your reach.
Start Selling on Amazon and Beyond with LitCommerce
Since Amazon is no longer the easiest place to list your items, LitCommerce is here to help and guide you through the process with timing responses.
5. Publish your books
Transform your words into income with Amazon Kindle Direct Publishing (KDP). Whether it’s digital or print, KDP lets you publish your books on Amazon.
Not a prolific writer? No problem! KDP offers opportunities with “low- or medium-content books” like journals, coloring books, or planners. All you need to do is create your ebook, upload it to KDP, and watch the sales roll in – no inventory worries! That’s it. Selling ebook on Amazon only takes a few steps.
While success often requires consistent writing, the key is volume – the more you write, the more you earn. With KDP, your income potential is limitless. Some authors reportedly make over $40,000 monthly. Even earning a few hundred bucks is a win, as it’s a great way to generate Amazon passive income.
For the question “How to publish a book on Amazon and make money”. Here are some key tips that you can follow:
- Set up your KDP account properly: Complete your tax information, author bio, and payment details before publishing your first book
- Invest in professional editing and cover design: Poor formatting and amateurish covers are a quick way to turn readers off.
- Promote your book through multiple channels: Use your author website, social media, email list, and other platforms to drive traffic to your Amazon book page.
6. Sell items with retail arbitrage
Wondering how to make money on Amazon? Then, you can try retail arbitrage. This model means you buy discounted items from local stores like Walmart or Target, then sell them on Amazon for profit. It’s a quick and cost-effective way to start earning on Amazon, with potential earnings ranging from a couple of hundred to thousands per month.
While competitive and challenging to scale, success in Amazon retail arbitrage depends on your patience. According to Seller assistant, successful Amazon arbitrage sellers typically see profit margins between 15-30% on their products, and over 50% of Amazon online arbitrage sellers earn around $5,000 per month.
To leverage the price discrepancies to generate quick profits, without having to develop your products or manage a complex supply chain, here are some helpful tips for arbitrage sellers:
- Be aware of price wars and competition. Other resellers may also find the same discounted products, leading to price wars that erode profits. Be prepared to adjust your pricing strategy.
- Check price history and sales rank on Amazon, ensure the price is stable and the sales rank is good, indicating consistent sales.
7. Sell products by dropshipping
Don’t know how to make money from Amazon when you’re working with a tight budget? Then, dropshipping is your answer.
With drop shipping, you can answer the question of how to sell on Amazon and make money. Simply list items for sale, and when a customer orders, you receive the order and customer information and forward the order to the suppliers. Your supplier handles shipping and logistics, allowing you to earn without handling the product yourself.
A good profit margin for drop shipping on Amazon is typically 10-30%. The Oberlo report found that 67% of Amazon sellers have profit margins over 10%, while 39% make over $10,000 per month in sales across all business models. Also, the global dropshipping market is valued at $301.11 billion as of 2024, a 23.7% increase from the previous year. Experts predict a 24.39% average annual growth rate of dropshipping between 2020 and 2026.
Wondering about earnings? The key lies in branding and trusting product sources, here are tips for seller who looking for the answer for the question “How to make money dropshipping on Amazon?”:
- Focus on branding to differentiate yourself in a competitive market
- Reliable suppliers are critical to a successful dropshipping business. Trust and mutual respect partners help you secure a reliable source and negotiate effectively.
- Transparent in the buying process with customers such as shipping times and origins of the products, so customers had the right expectations.
8. Selling your used items
Transform your clutter into cash by selling used items on Amazon – an unexpectedly effective way how to make money on Amazon. While Amazon has specific guidelines and permitted categories for used products, the book category is a goldmine for reselling. It’s like ‘retail arbitrage,’ but exclusively with books.
Amazon allows selling used items in many categories, including books, electronics, home & garden, sports, tools, and more. However, used clothing, baby products, beauty items, healthcare, toys, and groceries are not permitted.
How much can you earn selling your used goods on Amazon? It all depends on the time and effort you invest in finding used products or books to sell. Even if you’re just clearing out a few items at home, you can effortlessly make a couple of hundred bucks. Here are some tips that sellers can follow:
- Understand Amazon’s Used Item Policies, describe the condition of the used items plus provide clear photos showing any flaws or damage
- Choose an option slightly lower than the actual quality when selecting the product condition to make the item seem better than expected when the customer receives it, encouraging positive reviews
- Price at 50-75% of original for gently used items, 20-50% for more worn items
How to Make Money on Amazon without Selling
9. Do affiliate with Amazon associates
Another good way to generate passive income is through Amazon Associates – an innovative way how to make money off Amazon without investing in inventory. Here’s how it works:
First, you need to sign up to become an Amazon Associate. Once approved, you can share Amazon products and programs using custom links, earning on qualifying purchases and customer actions, like signing up for a free trial.
You can utilize social media to expand your reach, potentially connecting with thousands interested in your promoted products, and increasing your affiliate commission potential.
While commission rates vary (1%-20%), the high conversion rates and volume compensate. Here are some key tips for doing affiliate on Amazon successfully and answering for the question “How to make money on Amazon without selling products?
- Choose a specific niche. Don’t try to promote a wide range of products – focus on a particular category or topic that aligns with your website or social media content.
- Create high-quality, valuable content like product reviews and comparisons. This will help build trust with your audience and encourage them to click on your affiliate links.
- Promote high-converting products. Look for items with good images, positive reviews, and Prime shipping options, as these tend to sell better.
10. Become an Amazon influencer
Amazon Influencer Program, a branch of Amazon Associates, allows for making money with Amazon by creating a personalized storefront featuring your favorite products.
You can create review videos showcased on Amazon product listings and earn Onsite Commissions upon approval. Widely embraced by influencers on TikTok, Instagram, and YouTube, it’s a trend to guide viewers to your Amazon storefront for product purchases.
The best part? No need for a massive following; approval is possible even with a few hundred followers. You can apply with Instagram, Facebook, TikTok, or YouTube, ensuring a business or creator account for the former two.
Earnings for influencers range from a couple hundred to thousands, with commissions varying from 1% to 20%. To assist you, here are some tips to help you get more sales:
- Focus on building a personal brand by creating helpful content to build trust and increase click link rate.
- Strategically place affiliate links within your content, using relevant anchor text. Avoid being overly promotional – the links should flow naturally
- Use affiliate management tools like link shorteners and product widgets to make it easier to insert and track your Amazon links.
11. Sell your professional services
Tap into the gig economy with Amazon Services – an avenue beyond eCommerce. Whether you’re a plumber, lawn care pro, dog walker, or piano teacher, Amazon Services connects you with people seeking your expertise.
According to Glassdoor, the estimated total pay range for an Amazon Professional Services role is $94,000 to $127,000 per year, with a median total pay of $109,000. This includes base salary, bonuses, and stock compensation. It is quite high compared to other selling activities on Amazon. For more senior-level Professional Services Consultant roles at Amazon, the estimated total pay range is higher, between $163,000 to $257,000 per year.
To help you get these benefits, here are some tips you can follow:
- Build trust and relationships. Selling professional services is a long-term, relationship-driven process. Deliver on your promises consistently to develop confidence. Become a trusted advisor by acting in the client’s best interest.
- Focus on Solutions: Instead of merely presenting your professional services, emphasize how they solve specific challenges or enhance opportunities for the client.
12. Join the Amazon distribution/fulfillment team
Curious about how to make money on Amazon? Then, you can consider being part of the Amazon distribution/fulfillment team, a role that’s making headlines. You can join the workforce at Amazon’s massive fulfillment centers, where associates handle picking, packing, storing, and shipping for Amazon and its sellers. Explore opportunities and apply to become an Amazon warehouse associate on their jobs page at Amazon jobs.
Amazon pays warehouse associates approximately $20 per hour, translating to about $40,000 annually for full-time roles, plus additional company benefits. Here are some tips when joining the Amazon distribution team that can help you get more money
13. Join the Mechanical Turk program
Joining the Amazon Mechanical Turk (MTurk) program, the crowdsourcing world, is one of the best ways to make money on Amazon. Despite its whimsical name, MTurk is is a crowdsourcing marketplace that allows businesses and developers to outsource tasks to a distributed workforce who can perform these tasks virtually.
While slightly less demanding than other Amazon work programs, MTurk offers flexibility. Online reports suggest workers can earn between $6 to $10 per hour, translating to approximately $120 to $200 for a 20-hour workweek.
For insights into the Mechanical Turk program, simply visit its official Amazon Mechanical Turk website. But first, to succession MTurk, some vital tips were recommended to you:
- Use the MTurk subreddit and forums to stay up to date on the best-paying HITs and strategies.
- Read Descriptions Carefully: Before accepting a HIT, thoroughly read the instructions and qualifications to ensure you understand what’s required and avoid rejections.
- Use Filters: MTurk offers filters to sort tasks by reward, time commitment, and qualifications. This helps you find HITs that match your skills and interests.
14. Become an Amazon employee
Becoming a remote Amazon employee is a good choice for how to make money on Amazon. There are over 1.5 million Amazon employees worldwide who have found a work-from-home groove. Many of them aren’t commuting to Amazon’s Seattle headquarters but are thriving as remote workers.
The income varies by position, with roles like data entry and customer service frequently available. A noteworthy point: Amazon established a $20.50 per hour starting wage in September 2023.
Ready to explore work-from-home opportunities? A quick Google search or direct visit to Amazon jobs will unveil the possibilities plus some tips to get a high salary in data entry and customer service jobs.
Data entry:
- Accuracy is Paramount: Double-check your work meticulously to ensure data is entered correctly and consistently;
- Learn the data entry software and systems used by Amazon. This will improve your speed and efficiency
Customer service:
- Familiarize yourself with Amazon’s products and services. This will allow you to answer customer questions accurately and efficiently.
- Excellent communication, both written and verbal, is essential. Be clear, concise, professional, and courteous in your interactions with customers.
- Be empathetic towards customer concerns and frustrations. Practice patience and remain calm even in challenging situations.
15. Deliver goods for Amazon
Ever thought about how to make money on Amazon by driving for Amazon? Now you can! Become an Amazon Flex driver and transform your vehicle into a delivery powerhouse. Picture it as Amazon’s version of Uber for deliveries.
Just breeze through a quick questionnaire, download their app, and once accepted, you’re on your way to earning. Flex drivers rake in between $18 to $25 per hour, with shifts usually spanning five hours.
Ready to roll? Here are some key tips for Amazon delivery drivers who join the Amazon Flex program to: Providing Great Service
7. Wear the Amazon Flex vest to be easily identified as an Amazon driver.
8. Communicate proactively with customers about delivery status and any issues.
9. Try to reattempt any missed deliveries at the end of your shift.
Maximizing Earnings
- Arrive early (up to 1 hour before your scheduled block) to bypass the check-in time limit and get started sooner.
- Track your mileage and expenses to take advantage of tax deductions.
- Enroll in gas rewards programs to save money on fuel costs.
Providing Great Service
- Wear the Amazon Flex vest to be easily identified as an Amazon driver.
- Communicate proactively with customers about delivery status and any issues.
- Try to reattempt any missed deliveries at the end of your shift.
How to Make Money from Amazon: Join Amazon Programs
16. Join Amazon CamperForce program
Amazon’s CamperForce program is a distinctive opportunity for those seeking Amazon money-making ways. Ideal for RV enthusiasts, CamperForce recruits seasonal workers for warehouse roles nationwide.
Whether you’re on the road full-time or looking to supplement your income, CamperForce welcomes you as a part or full-time picker, shipper, or packer at Amazon. Once you’re in, you can enjoy Amazon perks, including medical coverage and a 401(k), while receiving a weekly $120 stipend toward campground expenses.
So how to make money on Amazon by joining the Amazon program and maximizing it? Here are some practical tips:
- Look out for CamperForce job openings, which are typically posted in February or March for the upcoming summer and fall seasons.
- Communicate with the dedicated CamperForce support team if you have any issues
- Choose a campground near your assigned Amazon facility location, as CamperForce provides a weekly stipend to cover camping fees.
- Consider the physical demands of the warehouse work and whether it aligns with your abilities and lifestyle as an RV traveler.
17. Become a reviewer for the Amazon Vine program
Like the Amazon Trade-in program, becoming an Amazon Vine member does not earn you cash. However, you’ll be showered with free products for your honest reviews. If you’re a seasoned reviewer on Amazon, you might qualify for this exclusive chance to make money on Amazon. It’s a stepping stone for you to get used to reviewing products without needing much knowledge about affiliate marketing, like the Amazon Associate program.
Amazon Vine values authenticity and seeks unbiased and helpful feedback. In exchange for your reviews, they send you products at no cost. Importantly, there’s no obligation to provide a positive review – honesty is key. Learn more about the Amazon Vine program here to elevate your reviewing game and enjoy the perks of product exploration.
Here are some notes to help you earn money from becoming an Amazon Vine Reviewer:
- The Vine program is invitation-only, so there is no direct application process.
- Ensure your reviews provide detailed, objective product feedback, including pros and cons.
- Consistently provide valuable insights that help other customers make informed purchasing decisions.
- Amazon selects Vine reviewers based on their past review history and the helpfulness of their review
Making Money on Amazon – FAQs
Certainly! Amazon offers various earning opportunities. Whether through selling your own products, joining affiliate programs, or participating in programs like FBA, there are multiple avenues for making money on Amazon. Approximately 52% of sellers reported profit margins of 16-50%, translating to a potential annual profit of $2000-6000. You can make $3600 yearly effortlessly with your Amazon FBA business if you maintain a solid 30% profit margin and target a minimum of $1000 in monthly sales. Generally, you can sell on Amazon without inventory through either dropshipping or Amazon’s FBA service. These methods eliminate the hassle of handling physical products, streamlining business operations for a more efficient and cost-effective experience. There are several ways to make money on Amazon without a product, including affiliate marketing, dropshipping, and Amazon Mechanical Turk, join Amazon Vine program, etc. Absolutely, earning $1,000 or more per month selling on Amazon is achievable. According to Jungle Scout, 40% of Amazon sellers earn between $1,000 and $25,000 each month, with some even making over $100,000 monthly. However, success rates vary, with TrueProfit revealing that 46% of Amazon sellers have success rates ranging from 11% to 25%. Some sellers may begin to see profits within one to three months, while others might take six months to a year or longer.
How to Make Money Selling on Amazon!
We hope the 16+ proven strategies for making money on Amazon guide you to financial success. Whether selling your private-label products, creating merchandise, or doing other things, the key lies in seizing the potential this eCommerce giant offers.
Start your journey to making money on Amazon now! Don’t forget to follow our blog to receive the latest and most useful information about eCommerce words! Also, contact us if you have any related questions.
