Amazon is one of the world’s leading eCommerce stores and provides great business opportunities for online entrepreneurs.
How to make money on Amazon? There are different ways, you can sell products on Amazon, or become an Amazon affiliate.
A lot of people are using Amazon to make lots of money, so why don’t you. In this article, you are going to find enough information that will help you to get started with Amazon.
Future of Making Money On Amazon
Most people would have the question in mind whether Amazon is going to get saturated. Whether Amazon is still going to be profitable in 2021 and in the coming years.
How to start selling on Amazon?
If you want to sell products on Amazon you can choose two fulfillment options provided by Amazon.
FBA – Fulfilment by Amazon, where you just have to select or find products you are going to sell on Amazon. Amazon will take care of inventory, packing, and shipping of the products and even will take care of customer service. If you are marketing your product right, you will get a great sale.
FBM – Fulfilment by Merchant, is generally using by medium to big businesses who already have a selling business and needs Amazon’s huge customer base to market their products.
How to get started
The first step is to check the policies and requirements that Amazon needs from every third-party seller.
The next step is to sign up on Amazon for a professional or individual seller account and choose the FBA or FBM fulfillment option.
The most important step to make as a successful Amazon seller is to find a product that is going to make you money.
You need to spend a considerable amount of time on product research. Look for Amazon bestsellers, or the best way is to use software like ZonBase.
ZonBase is all in one software that you are going to need for your Amazon selling business. It digs deep into hundreds of thousands of products in the Amazon database, and give you a list of products in your selected category that is the best selling.
Once you have found your right product, your next step is to create a product listing.
You must know Amazon has its own algorithm which decides which products to rank on search results. So you have to optimize your product listing according to Amazon SEO.
Leverage Amazon sponsored ads, Facebook marketing to reach new customers and boost sales.
How much does it cost to start selling on Amazon?
Amazon needs some investment for you to start selling on the platform. If you don’t have any money to invest there are many online opportunities available that will give you money without any investment.
Here is the breakdown of how much money you are going to need:
- Signing up for the software, if you go for ZonBase you have to pay for only one platform that will help you in your journey.
- Ordering product samples, that will cost you the cost price of your product.
- The most expensive part is Inventory which can cost you around $1500.
- The next is to get Barcodes/UPC codes which will cost you $40 for 10 barcodes.
- For shipping, you have to put $500
- Giveaways/PPC will cost you around $250
- Amazon charges $39.99 for a professional seller account.
- At last, if you go for any online course to excel on Amazon and start selling fast, it will cost anywhere between $2000 to even $25000 for individual coaching.
How to make money on Amazon without selling?
Amazon provides the opportunity even for those who want to earn money without selling products on Amazon. Here are the best options that you will need:
Become Amazon Affiliate
Joining the Amazon affiliate program is one of the easiest ways to make money online.
How does it work?
When you become an affiliate marketer for Amazon, you have to market Amazon products.
Whenever any sale is made using your affiliate link, you will get a commission. The customer must purchase the product using the affiliate link within 24 hours or added it to the cart and purchased it within 89 days.
How much you will get paid
With every sale, you can get a commission of 1% to 10% of the product’s price. It does not include shipping costs, taxes, and fees. The commission is different for different products.
How to sign up
Here is Amazon’s requirement for affiliates, you need a website that meets their requirements.
The next step is to submit an application to Amazon, and if you get accepted then Amazon will want you to place affiliate disclosure on your site.
How to start making money as an Amazon affiliate
The affiliate program is best when you already have a good following whether on YouTube or Instagram or any other social media platform.
But if not, you don’t have to worry, you can still start. The success of the affiliate program depends wholly on finding the right audience for the right products.
You should know who will buy what product, you should understand your audience. With that be careful to choose products that actually work, have benefits, and are useful for your audience.
Merch by Amazon
Merch by Amazon is a program than Amazon allows you to design and sell your own t-shirts.
No, you don’t have to actually sell t-shirts but just upload your design and Amazon will take care of the rest.
Merch by Amazon is growing like crazy and if you are interested in designing a t-shirt then you should definitely grab the opportunity for yourself.
If you have great designs that you are sure of sells or are related to trending topics, upload it on Amazon.
Decide the color, and price of the t-shirt. Whenever a sale is made Amazon is going to take care of the printing, packing, and shipping the T-shirts and will even take care of customer service.
Publishing books on Amazon kindle
Are you a writer or an expert on any subject?
You can write a book on a subject you like and self-publish it on kindle. No need to look for publishers to publish your book and then make money.
Amazon provides you an opportunity to publish your own book, set the price of the book, and sell it on kindle.
If your book is of great quality and you are marketing it right then you will make good money.
Amazon provides great opportunities for online entrepreneurs, you should know how to grab it and make the opportunity work for you.