Amazon is an e-commerce giant that offers various opportunities for people to start a profitable side hustle. In this article, we will explore three simple ways to make money through Amazon.
Amazon Affiliate Marketing
One of the easiest ways to make money through Amazon is by becoming an Amazon affiliate. The Amazon Associates program allows you to earn commissions by promoting Amazon products on your website, YouTube channel, or other platforms.
Once you sign up for the Amazon Associates program and get approved, you will receive unique affiliate links to share. When someone purchases a product through your link, you will earn a small commission. While the commission rates are relatively low, around 1-10%, you can still make a decent income if you are able to drive a high volume of sales.
The main benefits of Amazon affiliate marketing are that it’s easy to get started and you don’t need to invest any money upfront. However, the low commission rates can make it difficult to earn a high income. The key to success is finding a reliable traffic source, like starting a YouTube channel or website to promote your affiliate links.
Sell Products Through Amazon FBA or FBM
Another way to make money through Amazon is by selling physical products as a third-party seller. You have two options:
•Fulfilled by Amazon (FBA): With FBA, you source products to sell, ship your inventory to Amazon, and they handle the shipping and returns. FBA does charge fees but it’s very hands-off.
•Fulfilled by Merchant (FBM): With FBM, you handle the shipping and returns yourself. There are no FBA fees but it requires a serious time commitment to ship orders and manage inventory.
To get started, you need to find a profitable product to sell that people are actively searching for on Amazon. A tool like Helium 10 can help you analyze product listings to find highly-ranked, in-demand products. Then you source the inventory, either shipping to FBA or storing yourself for FBM.
While selling products on Amazon does require a significant upfront investment and time commitment, it offers the potential for a high, recurring income stream if you are able to find a profitable product. The key is doing thorough product research to find something that will generate consistent long-term sales.
Sell Low-Content Books
The final way to make money through Amazon is by publishing low-content books, like journals, planners, notebooks or puzzle books. You can publish these books through Kindle Direct Publishing (KDP) to make them available on Amazon.
With KDP, you don’t need to invest in any inventory upfront. You just design the book using a tool like Book Bolt and upload it to KDP. Then Amazon will print books on-demand as people order them. You earn royalty commissions based on how many books sell.
While the commissions for each sale are fairly low, the profit potential comes from being able to publish multiple books with minimal ongoing effort. Some key tips for success are finding a popular niche, using professional cover designs, and publishing frequently to increase your visibility.
Selling low-content books is a simple way to generate passive income through Amazon with very little financial risk or technical skills required. If you’re able to build up a large catalog of books that sell consistently, it’s possible to make a few hundred dollars per month or more.