10 Legit Ways to Make Money On Amazon
You can find many ways to earn money on Amazon by selling products or services, yet turns out many people do not know about this. Amazon has earned 344 billion US dollars in gross market value in existing online marketplaces worldwide since 1994 and no e-commerce has achieved that before. Sales through Amazon Marketplace have provided at least 20% of total retail sales. Here are 10 legit ways on how to make money on Amazon:
1. Marketing through Affiliates
You just have to recommend a product through Amazon and it has to be one that generates a lot of interest. At least about 4% to 10% of the selling price of the product can be included in the Amazon affiliate.
2. Amazon Handmade
Amazon is very convenient and easy to reach for handmade sellers compared to other sales accounts. The fee you pay per month is $39.99 if you create a professional account, but this does not apply to handmade sellers. They will only be charged a referral fee of 15% of the total selling price of your item.
3. Amazon Merchandise
There is no need to spend any money to be able to sell the merchandise you have on Amazon and they are responsible for the printing, shipping steps, packaging and customer service.
4. Kindle Direct Publishing
Kindle Publishing allows you to publish books through their platform. You can get 70% royalties on all the income that is given to you. The options available are not only digital Kindle books, there are also hard copies that can be printed.
5. Fulfillment from Amazon
As an Amazon FBA seller, there will be a cost per unit, all based on weight as well as size. There will be a holding fee if it turns out that the inventory is unsold. The goods you sell will determine your profit, Amazon FBA can be a more promising choice than direct sales.
6. Mechanical Turkey
This program allows you to become a remote worker within a large Amazon institution. You need participation through surveys, content moderation and validation.
7. Retail Arbitration
Retail arbitrage allows you to take advantage of existing discounts from big box stores and profit from selling products through Amazon. You can use clearance deals, or coupons, and more, a significant percentage of revenue can be found on many products.
8. Sell Services
You can do just that with general liability insurance that has an event limit of around $1,000,000 and a decent business background. The share for Amazon is determined by the services you provide and the amount you can earn.
9. Create a Brand
Great popularity on Amazon can be obtained from the ability to write product descriptions, good product images, as well as quality promotions that attract a lot of interest.
10. Be a Wholesale Seller
Wholesale sales on Amazon will give you very competitive and attractive prices. A good way is to give the lowest price.
Those are 10 ways on how to make money on Amazon.
