Since its launch in 1994, Amazon’s total market value in the global online market has reached 344 billion U.S. dollars. No e-commerce website can make so much money. In 2017, sales on the Amazon marketplace are estimated to account for 20% of total retail e-commerce sales.
You can make money on various online shopping platforms, but whether you are selling products or earning income from products and services, Amazon is the largest and arguably the most versatile choice that beats other platforms.
Amazon’s customer trust is very high. Compared with other e-commerce sites, as many as 89% of US customers are more likely to purchase products from Amazon. In its relatively long history as an online marketplace, Amazon has become the standard for building trust with customers and increasing long-term loyalty.
If you are looking for a reliable way to make money online for the foreseeable future, Amazon may offer you a good choice.
One of the most straightforward ways to make a lot of money on Amazon without selling anything yourself is to become an Amazon affiliate. Amazon’s affiliate program is indeed a giant in Amazon’s money-making field.
If you can access it online, whether through a website, a blog or because you are a community moderator, you have the ability to make money as an Amazon member. All you need to do is recommend products in product categories that appeal to your audience on Amazon.
If your audience follows the affiliate link and makes a purchase, you will receive a commission. Usually, 4% to 10% of the purchase price of a product is paid to an Amazon affiliate. Joining the Amazon affiliate program is very easy and very profitable.
If you think Etsy is the only place that sells quality handmade products, think again. On Amazon Handmade, you can sell clothing, jewelry, accessories, art, and other handicrafts.
Amazon Handmade will provide you with a custom URL to make it easier for all your customers to find your store. Compared with other sales accounts, Amazon provides more convenient and affordable services for manual sellers. You must pay $39.99 a month for a professional sales account, but manual sellers can waive this fee. Only pay a referral fee of 15% of the total sales price.
Do you consider yourself an artist or a designer? Amazon products may be right for you. Even if you are not an expert, as long as you understand cultural trends and have basic design software, you can make outstanding designs and make money on this platform.
You can sell T-shirts, hoodies and many other things with your designs. You can sell your products on Amazon without paying any fees. Amazon is responsible for printing, shipping, packaging, and supporting customers.
All you have to do is create your account, upload your design and price, and write down your description and colors. You will receive royalties for every design you sell. The product you make depends on the price of the product and the cost of selling it on Amazon.
Are you a writer, or can you contact a team of writers? Publishing your work no longer requires the attention of the publisher. Kindle Direct Publishing allows you to publish Kindle books on its platform.
You can own 70% of the total sales. You are not limited to the digital Kindle book options on this platform. You can also print hard copies. Prolific writing is the key to making money in this field.
Some bestsellers work wonders, but you do need to create a steady stream of content to succeed in Kindle publishing. In addition, your work needs to be self-promoted, otherwise, you will have to deal with all marketing matters because there is no agency or publisher to help you promote it.
When it comes to making money on Amazon, the Amazon FBA business is not a well-known choice. Nonetheless, this is a great way to make money without worrying about shipping or customer support.
Your products are stored in Amazon warehouses, they allow you to make money on the Amazon market, and once the products are shipped, you don’t need to do anything. Amazon Prime uses this program to deliver products to customers faster.
With the Amazon FBA program, you can send products to Amazon centers and let them take care of delivery. Customers don’t even know the difference, which is why so many people have not heard of this program.
As an Amazon FBA seller, you will be charged per unit, depending on weight and size. If your inventory is not sold, you also need to pay a monthly storage fee. Depending on the product you want to sell, Amazon FBA business may be better than selling directly on Amazon.