Amazon is arguably the greatest e-commerce platform in the world and contains pretty much every kind of product from tech items to clothes to books. Moreover, this stage also offers many things other than decent variety in its product range.
The platform also offers a lot of different methods by which you can make money on amazon. So, today let’s know about some unique methods to make money on amazon.
Keep in mind that techniques which are given below are working for many business persons. These techniques only need regularity and some work from your side and you’ll start earning some money after that.
When you’ll get familiar with the system then you’ll come to know what’s not working and what is working, and then it’ll get simpler for you to bring in cash from amazon.
Affiliate Services
Becoming an affiliate is an easy and effortless method to make money on Amazon. You can simply earn money without any struggle by just suggesting excellent products to your audience, who listen to you via site, blog, or youtube.
You can get upto 10 percent of the total cost of a product whenever someone buys some item from your referral link, however the percentage of money can vary from product to product. You can be an affiliate of pretty much anything on Amazon.
So, for example, if you have a tech review channel on youtube then you can add referral links for each tach product you review. In addition to this, you can also add links to items that are similar to your niche such as a computer table, and tripod stand for computers and cameras respectively.
You just have to join the program, and wait for approval. After approval, you can choose from a huge variety of products. However, you’ll only succeed if you make high quality and genuine content which can provide value to your followers. That’s how you’ll make money on amazon in the long term.
You can apply for the Amazon Affiliate program here!
Amazon Handmade Services
Amazon Handmade allows craftsmans to sell their handmade merchandise on amazon, which includes jewelries, accessories, and cloths.
If you want to be an Amazon Handmade vendor, then you have to submit an application to amazon, in which you can properly describe your idea of your service and the making procedure.
Amazon’s handmade market is a gift for motivated craftsmen who want to make it to Amazon’s huge consumer base. Many of these craftsmen also get their custom URLs according to their craftsmanship, as due to this, their clients can reach them in an easy and simple way.
In addition to this, Amazon does not charge a single penny from you to join this service and register your homemade crafts.
However, if you want to make a Professional Selling Account, then that will generally cost you about $39.99 every month, but this expense is not applied for handmade vendors. As an Amazon Handmade vendor, you have to pay only 15% referral fee on total vending.
You can apply for Amazon Handmade service here!
Amazon FBA Service
Do you want to make money on Amazon without ever worrying about things like shipping, packing and customer service? If so, then Amazon FBA service can help you. Just sign in to Amazon FBA service, and everything from customer service to delivery of the product will be handled by Amazon.
You simply have to send your products to one of the fulfilment centers of Amazon. The benefit of Amazon FBA service is that consumers will not be able to differentiate between buying from FBA sellers and directly buying from Amazon.
Before selecting the product that you want to sell via Amazon FBA, you must make sure that the product you are selecting is ideal for your customers and there is a good need for that product in the market.
In order to know more about the market, you can use the keyword research tool of Amazon. Moreover, you should always keep an eye on Amazon Most Wished For Items and Amazon Best Sellers Items in your niche as they can enable you to recognize the needs of your customers.
Amazon only charges you a small fee per unit if you become an Amazon FBA seller. However, this may vary depending on size and weight of the product. Other than this basic FBA fee, there is no extra fee for shipping, delivery, or packaging of the product.
In addition to this, you also need to give a basic storage fee for your products as the products have to be kept in fulfillment centres of Amazon. Also, if a seller has his products in the fulfillment centre of Amazon, then he has to pay a monthly fee at the end of the month. In order to know how much you can earn via Amazon FBA, you can use tools like FBA calculator.
You can apply for the Amazon FBA Program here!
Kindle Direct Publishing Service
Kindle direct publishing is also a simple method through which you can make your earnings on Amazon. You just have to publish a digital copy of your own books on the kindle platform and you are good to go.
Your royalties from all over sales can reach up to 70 percent. Additionally, with Amazon’s CreateSpace program, you can also create printed versions of the books.
However, the main obstacle to earn with Kindle Direct Publishing is that you need to provide fascinating books in huge volume. However, you can make some money with the help of some best-selling’s books, but volume is the way to go if you want to earn big bucks on the Kindle platform. Moreover, you should focus on the cover of the book, content of the book and landing page.
When it comes to promotion, you should be prepared to promote your book by yourself. One of the most ideal approaches to promote your book is by providing free copies of your books on kindle.
Moreover, you can invest in some Facebook promotions as this will get some viewers to the title. You can also leave a link of your book in your emails so that more people see your work. If you do it correct, you will make money on amazon without even going out of your house.
You can apply for the Amazon Kindle Direct Self-Publishing Program here!
Private Label Seller
Becoming a private label seller is considered one of the most money-making options on Amazon. You can buy products directly from the industrialists and list the product on the marketplace of Amazon after putting your own branding and logo as a private label seller.
You will have a great advantage of selling items in your own company logo and brand name as you will be having full control on your products and their pricing. Moreover, to shield your brand from scammers, you can also register your brand on Amazon Brand Registry.
Selling Professional Services on Amazon
Are you aware about the fact that Amazon also lets well-trained people advertise their services online?
Amazon Services can help people in any case whether you are a math tutor, an electrician or guitar teacher. There are no start-up fees and monthly subscription charges. You just need to have General Liability insurance with a (U.S.) $1,000,000 cap per existence.
When you register for Amazon Services this type of information is required to be given. One more thing that you need to know is that service providers have to pay an income share to Amazon. These all things rely upon the final service price and nature of the service.
Selling professional Services on Amazon enables top Pros, such as House Cleaners, Assemblers, Electricians, Handymen and so on, to advertise professional services precisely to Amazon customers in their area. You can see all the new jobs in your location and you have the right to choose the ones that fit your daily routine, with the help of selling services on Amazon app. It is the best way to fill in the open gaps throughout your week and to keep your business busy.
You can sell your services on Amazon by clicking here!
Conclusion
If you only apply any one of the above techniques, then it can help you make money on Amazon without any extra work. This money can then be spent for your next vocations and can also lead you on the path of financial freedom. However, until then you need to be disciplined and consistent with your work.