If you’re worried that you’ve missed the e-commerce boat, don’t worry. It’s just getting moving.
While several e-commerce companies like Ebay, Shopify, ClickFunnels, and Etsy can make selling products online easy.
in my experience, the simplest thanks to make money online is with Amazon.
Amazon may be a huge opportunity for those that want to hitch the planet of e-commerce.
Year over year, Amazon sees growth of 25% to 31%, smashing competitors like Ebay who only see growth within the single digits.
But what are you able to do to urge a bit of the Amazon pie?
There are plenty of great ways to form money on Amazon, so to assist you discover what method might work best for you.
This text dives into 17 killer ways to form money on Amazon in 2021.
Let’s get to it!
1 – Sell your own private label products on Amazon.
The best thanks to make money on Amazon in 2021 remains through private label sales using Amazon’s Fulfillment-by-Amazon (or FBA) network. Around 71% of all Amazon sellers run their business using the private label method.
Private label may be a process of producing a pre-existing item (preferably, with product improvements), putting your branding and logos thereon , and selling it to consumers. Sometimes it’s mentioned white-labeling or brand-creation. (The process has been around for years and is common in countless retail stores; Target’s Mainstays brand and Walmart’s Great Value are two samples of private label brands.)
Thanks to FBA, Amazon is in a position to deliver your products (typically in two days or fewer — what you likely know as Amazon Prime). this is often how e-commerce business owners—like you and me— can list goods on Amazon and make money from the sales.
Amazon makes private labeling even easier because of variety of advantages:
First, you’ll use a tool like Jungle Scout — which is an all-in-one platform for selling on Amazon — to estimate the sales your product will make once it’s on Amazon.
Next, it’s easy to source and manufacture your products with the assistance of platforms like Alibaba or Jungle Scout’s Supplier Database.
Finally, after you’ve created your product, you’ll sell it on Amazon using FBA. You don’t even need to ship your own orders!
How much money am i able to make selling private label products on Amazon?
Approximately $625 to $1,875 per month per product.
Consider that the majority sellers on Amazon sell products that end in 100 to 300 sales per month. the typical third-party product sells for $25 with a gross profit margin margin of 25%. That adds up to $625 to $1,875 per month per product.
Note: to find out more about what proportion Amazon private label sellers spent to urge up and running, how long it took them to become profitable, and what categories they’re selling in, inspect “The State of the Amazon Seller” report.
Where am i able to learn more about selling private label products on Amazon?
If you would like to find out more about the way to make money on Amazon with private label products, Jungle Scout offers a free course to assist you get started: the way to sell on Amazon FBA for beginners.
2 – Publish your own books on Kindle Direct Publishing.
Amazon Kindle Direct Publishing (KDP) allows you to publish your own books on Amazon, and this is often my second favorite thanks to make money on Amazon. (But that’s probably because I’m knowledgeable writer.)
Then again, additionally to digital format, you’ll print actual copies of your book too. Amazon’s CreateSpace prints on demand!
The only catch with this feature is that you simply usually got to write somewhat prolifically so as to seek out success. Though it’s possible to publish one or two wildly popular books, volume is that the true name of the publishing game.
The more you write, the more you create .
How much money am i able to make writing for KDP?
Up to $40,000 per month.
I’ve heard that some authors make the maximum amount as $40,000 per month. These writers, however, tend to be prolific, and write topically to realize notice.
Once you write the fabric , you don’t need to write it again! Nor does one need to worry about inventory.
How am i able to find out how to form money on Amazon with KDP?
While I don’t know of any specific course I trust for teaching this particular method, I do trust Tim Ferriss.
And, coincidentally, the serial entrepreneur wrote a stimulating article on the way to become a Kindle millionaire.
It’s definitely worth a read if you would like to form money on Amazon with KDP: the way to make $1,000,000 selling e-books tactics and case studies.
3 – Sell wholesale goods on Amazon.
Similar to Private Label, selling wholesale involves purchasing bulk quantities of product to sell using Amazon’s FBA network.
The primary difference, however, is that you simply are selling other companies’ products. Therefore, you don’t need to worry about manufacturing and branding the products.
For tons of sellers, it’s one among the foremost popular ways to form money on Amazon.
How much money am i able to make selling wholesale goods on Amazon?
Up to $3,000 – $4,000 per month.
While wholesaling on Amazon has become notoriously harder within the previous couple of years, it’s still an excellent thanks to earn money.
Although, I’d argue that it doesn’t have the scalability of personal label products.
Also, it’s tons more competitive. You won’t be the sole one selling those products on Amazon. So it can sometimes be a “race to the bottom” on prices where the sole “lever” sellers need to compete with one another is thru lowering their price relative to their competitors.
Plus, the profit is beat the buy. If you can’t buy your goods for a coffee enough price, you won’t make money.
Still, you could–potentially–make a couple of thousand per month as a wholesale seller on Amazon.
How am i able to learn to form money on Amazon selling wholesale goods?
Our friends over at The Wholesale Formula are extraordinarily successful wholesaling on Amazon.
They have many insights and crucial training programs to assist new and old wholesale sellers: The Wholesale Formula. Plus, you’ll use Jungle Scout’s Product Database to sort and find worthwhile products to sell.
4 – Deliver goods for Amazon.
By now, you almost certainly know that Amazon has its own delivery service. But did you recognize that you simply can join Amazon’s delivery fleet as a driver?
They might even pay you $10,000 to urge started!
Amazon’s Flex program allows you to try to to just that. All you’ve got to try to to is answer a fast questionnaire, download their app, and, if you’re accepted, you begin making money.
Think of it as Uber, except for Amazon deliveries.
How much money am i able to make on Amazon working as a Flex driver?
Approximately $100+ per day.
According to Flex’s homepage, Amazon pays drivers between $18 – $25 per hour, and therefore the shifts are typically five hours long.
I’ve also read stories that albeit drivers finish their shifts early, they still get compensated for the whole five hours.
Not a nasty deal for $100+ per day.
How am i able to learn to form money on Amazon as a Flex driver?
Naturally, the simplest thanks to find out how to succeed with Flex is thru their site: Amazon Flex.
5 – Become a blogger.
Ever wanted to start out a life-style blog, publish how-to videos or recipes, or otherwise get your thoughts and concepts published? you’ll make money from Amazon while doing that!
Picture this. you discover a cool product on Amazon, send your friends the link, and–if they buy it–you get paid a commission. On your blog (or social media page or maybe in email), that link goes bent quite few more folks, so you’ll make quite bit extra money in commissions.
That’s how Amazon’s Associates program works.
Amazon Associates is an affiliate program where you check in to urge special links that only you’ll share.
Once you share the link and a sale is formed , you earn a percentage of the sale.
How much money am i able to make as an Amazon affiliate?
This money-making method varies greatly in its returns.
The Amazon Associates program is perhaps the foremost popular affiliate program on the web .
While the commission percentages aren’t particularly high–usually only 3-5%–the conversion rates and volume you receive from sharing those links makes up for it.
The downside is that you simply got to be an online influencer. If you don’t have an honest social media following (or blog), making tons in sales commissions are going to be difficult.
How am i able to learn to form money on Amazon as an Amazon affiliate?
Jungle Scout offers a free course on Udemy that teaches you ways to form money as an Amazon affiliate.
In fact, it’s taught by me!
It’s 100% FREE and teaches you all you would like to understand to monetize a blog and make money through Amazon Associates: the way to monetize a blog (without being a computer expert).
6 – Flip store-bought products with retail arbitrage.
Arbitrage spelled call at wooden tiles
If you wont to watch the U.S. version of “The Office,” you would possibly remember the episode where Dwight bought up all the Princess Unicorn dolls around Christmas time. His plan was to sell them for $200 (or more) to last-minute shoppers.
And that, during a nutshell, is how retail arbitrage works.
Basically, for arbitrage, you attend a mercantile establishment like Walmart, Target, Barnes & Noble, etc. to seek out and buy discounted products. Then, you resell those items on Amazon at a mark-up.
A lot of individuals start their Amazon selling journey using this method.
How much money am i able to make doing retail arbitrage on Amazon?
Anywhere from $300 to $2,000 per month.
Like wholesaling, retail arbitrage has lost tons of its luster over the previous couple of years, as Amazon continues to form selling popular brands harder .
Regardless, retail arbitrage sellers can expect to form a few of hundred to a couple thousand per month selling flipped products on Amazon.
Unfortunately, retail arbitrage is extremely competitive and difficult to scale. repeatedly , retail arbitrage sellers can spend the higher a part of each day or weekend searching retail stores for products only to return up empty handed.
How am i able to find out how to form money on Amazon with retail arbitrage?
The Mitchell Brothers, over at StartUpBros, have a reasonably detailed article on the web arbitrage selling process you would like to read if this is often your method of choice.
It comes complete with suggestions on the stores you patronize and which apps to use: Retail Arbitrage on Amazon: Profitable Clearance Items at Walmart and Target?
7 – Buy on Ebay to sell on Amazon (online arbitrage).
Frankly, I’ve never been an enormous fan of retail arbitrage. It seems like tons of labor for little or no return.
However, I do enjoy online arbitrage, which is extremely almost like retail arbitrage.
What’s different is that online arbitrage means you’re buying products to flip on Amazon from other e-commerce stores.
And, in my opinion, Ebay is that the best place to seek out those products.
How much money am i able to make on Amazon with online arbitrage?
Approximately $200 – $500 per month.
Online arbitrage, while easier than retail arbitrage, suffers from an equivalent major issues that its retail counterpart does:
You’re very limited in options;
There is tons of competition;
And it’s hard to scale.
Still, I earn roughly $200 – $500 per month doing online arbitrage on the side.
When I wont to focus solely on textbooks, I could make the maximum amount as $205 per day!
How am i able to learn to form money on Amazon with online arbitrage?
A couple years ago, I wrote a piece of writing for Medium, detailing exactly the way to perform online arbitrage using Ebay.
Not much has changed about the method since I wrote it, so it should are available handy: the way to make $200/day with online arbitrage.