Amazon is a vast realm of earning potential in the ecommerce landscape. In Q2 of 2023 alone, Amazon’s global net sales from third-party retailers reached $32.3 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 19 proven and practical ways to succeed, whether you’re into selling or exploring alternative methods.
- 1. Sell your own private-label products on Amazon
- 2. Sell wholesale goods via Amazon Business
- 3. Sell handcrafted products with Amazon Handmade
- 4. Create and sell your merch with Amazon Merch on Demand
- 5. Publish your own books with Amazon KDP
- 6. Sell store-bought items with retail arbitrage
- 7. And 13 other ways to make money on Amazon
Let’s jump right in and kickstart your Amazon money-making journey now!
Start Selling on Amazon and Beyond with LitCommerce
With LitCommerce, you can easily list your products from your current store to Amazon, saving you a lot of time and effort.
How to Make Money on Amazon?
At LitCommerce, we believe Amazon stands out among ecommerce platforms for making money online. Check out these 19 proven ways to make money on Amazon in 2024:
1. Sell your own private-label items on Amazon
Don’t know how to make money on Amazon? Then, you can try a standout method – selling private-label items through Amazon’s Fulfillment by Amazon (FBA) service. Private labeling involves rebranding existing products and selling them, and it’s a lucrative approach.
Here’s a quick overview of how to make money on Amazon FBA:
- Choose a niche or product you’re passionate about
- Conduct market research to understand your audience
- Do Amazon competitor analysis
- Easily source and manufacture products with platforms like Alibaba
- Sell on Amazon using FBA, letting them handle shipping
Private-label sellers typically earn $625 to $1,875 per month per product. A whopping 56% make $5,000 or more monthly, and 27% boast profit margins of over 20%.
2. Sell wholesale goods via Amazon Business
Another lucrative avenue on how to make money with Amazon is selling wholesale goods through Amazon Business. This method involves buying products in bulk to resell on Amazon. 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.
3. Sell handcrafted products with Amazon Handmade
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 own goods on Amazon. While it requires more effort to manage self-produced orders, the exposure Amazon provides is immense. Amazon Handmade opens doors to a vast audience, showcasing your unique products and 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 20%.
4. Create and sell your merch with Amazon Merch on Demand
Turn 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.
With Merch on Demand, Amazon pays you a royalty fee ranging from 13% 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.
5. Publish your own books with Amazon KDP
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. Selling digital products on Amazon like ebooks offers a unique opportunity for creators to reach a massive audience and earn passive income.
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.
6. Sell store-bought items with retail arbitrage
Wondering how to make money on Amazon? Then, you can try retail arbitrage. This model basically 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. Sellers often spend a day or weekend searching stores, but the potential rewards make it a worthwhile venture.
7. Sell online retail store items with online arbitrage
Online retail is also another great way on how to make money by selling on Amazon. Unlike retail arbitrage, where you scout local stores, online arbitrage allows you to flip products from various eCommerce stores like eBay, Walmart, Target, CVS, and more. The possibilities are vast, providing nearly endless opportunities to build your inventory.
With online arbitrage, your success depends on the effort you invest. While there are profitable deals waiting to be discovered, your profits depend on your ability to find them.
8. Sell products without inventory 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 list and sell on Amazon without inventory. Simply list items for sale, and when a customer orders, you purchase the product from your supplier at a lower cost. Your supplier handles shipping and logistics, allowing you to earn without handling the product yourself.
Wondering about earnings? The key lies in finding a reliable supplier. A trustworthy supply chain is crucial for consistent profits in dropshipping. Once you secure a reliable source, the income potential becomes limitless.
9. Making money on Amazon by selling your used items
Transform your clutter into cash by selling used items on Amazon – an unexpectedly effective way on 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.
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.
10. Earn Amazon passive income with Amazon Associates
Another good way to generate passive income is through Amazon Associates – an innovative way on 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.
11. 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%.
12. Sell your professional services through Amazon 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.
The earning potential? The sky’s the limit! Your income aligns with your asking price if the market values your services.
Sure, it’s competitive, but armed with the right attitude, you can swiftly scale your service-based business on Amazon. You can visit the Amazon Services homepage to discover how to start your Amazon side hustle business through Amazon Services.
13. 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.
Amazon pays warehouse associates approximately $20 per hour, translating to about $40,000 annually for full-time roles, plus additional company benefits.
Explore opportunities and apply to become an Amazon warehouse associate on their jobs page at Amazon jobs.
14. 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 a platform where remote workers, like you, collaborate on tasks – be it data validation, research, or surveys.
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.
15. Make money from home as an Amazon employee
Becoming a remote Amazon employee is a good way of making money with 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 set a $19 minimum wage in 2022. As a full-time, work-from-home Amazon representative, that equates to around $40,000 annually.
Ready to explore work-from-home opportunities? A quick Google search or direct visit to Amazon jobs will unveil the possibilities.
16. Deliver goods for Amazon with the Amazon Flex program
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? Discover the ins and outs of being a Flex driver directly on their site.
17. Participate in the 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.
18. Trade in your used items with the Amazon Trade-in program
The Amazon Trade-in program lets you easily turn your used items into Amazon gift cards. While you won’t receive direct cash, this hassle-free option is perfect for those with used games, or gadgets to sell. This is also a good way to sell used books on Amazon. Unlike the effort-intensive individual selling process, Trade-in streamlines everything, making it one of the easiest ways to make money on Amazon.
Simply gather your used items, get a quick estimate from Amazon, and exchange them for Amazon gift cards. If you’re a frequent Amazon shopper, these gift cards can cover everyday essentials like groceries and toiletries.
Ready to trade and redeem? Explore the Amazon Trade-in program today!
19. Become a reviewer for the Amazon Vine program
Like the Amazon Trade-in program, you won’t earn cash when become an Amazon Vine member. 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.
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.
Start Your Amazon Side Hustle Now
We hope the 19 proven strategies on how to make money on Amazon guide your way to financial success on Amazon. 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! Also, contact us if you have any related questions.