There are many ways to make money on amazon. You can join the Mechanical Turk marketplace and get paid to do virtual assignments or publish an e-book or print book through Kindle Direct Publishing. Or you may be able to connect items through Amazon Flex, if the program is available where you live.
But Amazon’s standing as the top selling online retailer makes two money-making opportunities stand out from the rest:
Join Amazon Associates, the company’s affiliate marketing program.
Sell things through the company’s e-commerce platform.
Here’s what you need to know about both options.
1. Join us through Amazon Associates
Participants link to Amazon products on their blog or social media channel and earn a commission based on subsequent sales. Amazon Associates is best for influencers who actually promote products.
How Amazon Associates works
Affiliates earn a commission when a visitor to their website clicks on a link to an Amazon product and purchases it. A visitor must purchase an item within 24 hours or add an item to their cart and purchase it within 89 days. Commissions typically range from 1% to 10% of the purchase price, minus shipping charges, taxes, and fees.
How to register
To get started with the Amazon Associates program, you’ll need a website that meets your needs Amazon Requirements. Then, submit an application. If accepted, Amazon asks you to place a list of its affiliate companies on your site. The FTC also requires affiliate marketers to clearly disclose their relationship with retailers in posts that contain affiliate links. This means that affiliates should make it easy for readers to find all the disclaimers.
How to make money as an affiliate
Affiliate marketing is usually the best way to make money on Amazon. This is because you will have a built-in group of potential customers who trust your judgment and are more likely to buy the products you recommend.
Your success as an affiliate marketer depends on customizing products for your audience. Start by thinking about the needs of your audience and why people are following you. Or go directly to the source by sending a survey or email asking what types of products to include on your site. Then spell out the relevant details in your posts.
Let’s say you run a nature photography blog for beginners. If you’re hooking up to a $65 aluminum tripod, you can add, “It’s lightweight and compact, so it’s a good choice for hikers. I brought it on my three-day trip through Yosemite and it held up well in rough weather.”
Once you get affiliate links on your site, focus on getting more traffic to those links to increase your chances of making money. Posting content frequently, such as blogs or Instagram posts, can help attract existing followers. This can help your site appear in search engine results, thus attracting new readers.
To add more affiliate links to your site, consider creating a product page that lets you list multiple links. It also gives readers easy access to the items you recommend.
Or you could start a series of weekly or seasonal posts in which you review products. It’s also a good idea to try Amazon’s link, button, and logo options, which can help make the products you recommend stand out.
Track your site traffic with a tool like Google Analytics and use Amazon affiliate reports. They will help determine if your tactics are working or if it’s time to change your approach.
Keep track of all the money you earn
See the entries and exits of your money, cards and bank accounts at a glance.
2. Make money selling on Amazon
Those who are looking to start an online business can make money selling on Amazon. It takes an entrepreneurial mind and a lot of effort to get started. But with the right product, the potential gains can outweigh the risks.
Before you start selling on Amazon, choose a profitable product. To do this, you will need to consider selling costs, such as manufacturing and location fees.
how to start
first, Check if you qualify to sell in the category you chose. Some products, such as auto parts and watches, require Amazon approval before you can list them. Then determine the cost of getting your product into the hands of customers. This includes everything from materials and labor to packaging, labeling, and shipping.
Outsource shipping, warehousing, and customer service by participating in the Fulfillment by Amazon program. But it will cost you, so weigh the options carefully.
How much does it sell on amazon?
Amazon’s fee structure depends on the type of seller: individual or professional.
Individuals pay 99 cents, plus a referral fee based on product category, for each item sold. Those who sell informational merchandise, such as books, DVDs, and video games, also pay a variable closing fee for each item sold. Amazon shipping rates apply to all individual sales.
Professionals pay a $39.99 monthly subscription, a referral fee per item—which varies by product—and a closing fee on media items. For these sellers, site-specific shipping rates apply only to media items.
They also have access to more product categories than individuals, can offer special promotions, and are eligible for a top position on product detail pages. Amazon recommends the subscription program for those who plan to sell more than 40 items per month.
As an individual or professional seller, you will likely meet the so-called Amazon A-to-Z Guarantee. This means that you may be in trouble for a refund, including shipping fees, if the customer is not satisfied.
So, build financial breathing space in your business plan. Another important consideration is taxes. As a seller, you are considered a self-employed business owner. So even though Amazon generally calculates sales tax on items, you’ll likely have to set aside more money to pay for it. Estimated quarterly taxes on your income.
How to make money selling on Amazon
Once you know all the costs involved, look up prices for similar items. This will help you price items competitively.
To maximize your profits, consider finding a cheaper supplier to save on production costs or using search engine optimization techniques, such as using relevant search terms across all of your posts, to reach new customers.
Other ways to earn cash online
If Amazon isn’t a good fit, consider these other sites for extra income: