Below are the 15 ways to make money on Amazon in 2020…
Ways To Make Money On Amazon
1. Sell a product using Amazon’s FBA
FBA means fulfilled by Amazon, and as a seller, all you would need to do is ship your inventory of products to Amazon’s warehouse and they take care of shipping it for you.
2. Private Label Your Product
In order to avoid some of the competition on Amazon, many sellers have opted to private label their item, which means they are registering it on Amazon as their own. Check out this guide on how to sell on amazon from a 7 figure seller!
3. Retail Arbitrage
This is the opposite of private labeling. Retail arbitrage simply means buying low and selling high. Some sellers make their entire living on just retail arbitrage and have carved out a lucrative niche for themselves.
4. Work As a Delivery Fulfilment Warehouse Associate
If you’re in the proper location, you can apply to be a delivery warehouse associate for their fulfillment centers, sortation centers, delivery stations, Prime Now locations, Campus Pickup Points and customer service centers.
5. Amazon Flex
Sometimes when I order from Amazon, I notice plain-clothed delivery associates delivering my packages. Amazon’s same-day delivery option for customers has sparked a need for more delivery help in various metropolitan areas. If you have a reliable car and a smartphone, consider delivering goods through Amazon Prime. The company currently pays anywhere from $18-25 per hour and you need to download the app and answer a few simple questions before you can get started.
6. Work from Home for Amazon
7. Become an Amazon Affiliate, Amazon Associates
Affiliate marketing is a brilliant way to make some passive income if you have a blog or website that generates a decent volume of traffic. Become an Amazon affiliate and earn a commission by putting special affiliate links to various Amazon products on your site.
8. Publish an eBook on Amazon
You can self-publish an ebook on Amazon, and each time you sell, Amazon takes a cut, ranging from 35-70 percent of the listing. You can use Kindle Direct Publishing (owned by Amazon) to get started.
9. Join Mechanical Turk
Amazon Mechanical Turk, or MTurk, is a way to earn small amounts of money, completing easy, mindless tasks. MTurk is a crowdsourcing marketplace that was created to bridge the gap between what a computer can’t do and what a human can. Amazon calls it the “Human Intelligence Task.”
10. Apply to Amazon Handmade
In addition to dominating the selling marketplace, if you make and sell handmade items, like bags or jewelry, you can try selling your wares on Amazon Handmade. The marketplace directly competes with Etsy and eBay. There are pros and cons to using Handmade. For one, the general reach is large, and their commission fee reflects that. Their rules are strict, so make sure you check out requirements to be approved.
11. Sell Your Designs With Amazon Merch
I heard about this last year when my sister was exploring the Amazon dashboard and somehow stumbled upon it. Basically, you can submit a t-shirt design for other merchants to purchase. It’s a great way to connect designers and people who need them to be made into shirts.
Remember when the minimalist trend first started happening? People sold their homes and possessions and moved into a bus, tiny house, RV or van so they could hit the road and live anywhere they pleased. That must’ve caught Amazon’s attention because they now offer a way for those people to make money, while on the road. It’s called CamperForce and basically, you can earn money by helping Amazon pick, stow and receive merchandise orders.
13. Amazon Trade-In
This option won’t earn you any cash, but Amazon is willing to pay you with an Amazon gift card if you turn in your used books, games and gadgets. Selling your used items individually takes some work since you’ll need to take photos, measurements (if it’s clothing, accessories, etc.) and write a description.
14. Amazon Vine
If you regularly use Amazon and read reviews, you’ve probably read one or two that says the person received a free product in exchange for a review. Just like Amazon Trade-In, you won’t get cash if you’re a part of Amazon Vine, but you’ll get merchandise for free in exchange for a review.
15. Amazon Services
Are you a whiz at fixing a leaky faucet, landscaping, cleaning, and organizing? Amazon has created another way to expand the business, through Amazon Services.
Similar to TaskRabbit or Angie’s List, Amazon Services connects you with local professionals in your area to help you with various household needs. The list of services includes plumbing, handyman, house cleaning and more.