In 2020, Amazon’s full-year net sales increased by 38% to $386.1 billion, compared with $280.5 billion in 2019. Amazon is one of the biggest eCommerce websites and there are so many products and sellers. So today let’s delve into the ways to make money on Amazon in 2021.
1. Sell your own private label products
There is no doubt that selling private-label products is the best way to make money on Amazon in 2021. Around 71% of all Amazon sellers run their business using the private label method. And Amazon pays more and more attention to the branded products and provides some additional privileges to brand sellers.
The upside to selling your own branded product on Amazon is that you always have full control for your listing and you can make changes to your product if you need to.
And when you choose products to sell, you have to ensure that the market has a certain amount of demand for your product. You can use keyword research tools to find which products are in high demand.
Go to become an FBA seller.
2. Retail Arbitrage
Retail Arbitrage means that a seller purchases products from a retail outlet at a discount, and sells these discounted products for a profit.
Generally, sellers choose to buy products at discounted prices at major supermarkets such as Target and Walmart and then resell these products on Amazon for profit. In this way, they can avoid the cost of importing products from abroad.
However, retail arbitrage is not for everyone. The process involves a lot of research and selection, and you need to drive to the retail store to pick up the goods, and you are good at picking goods at a cheap price, then it may bring you considerable income.
3. Online Arbitrage
Online Arbitrage works in the same way as retail arbitrage. Instead of purchasing products from a retail outlet, sellers purchase online at a discount.
And the online store most commonly used by sellers to purchase is eBay. You can get products at a lower price and then sell them on Amazon at a higher price.
However, things are not simple. There is a lot of competition and it is hard for you to find the right products.
4. Sell Wholesale on Amazon
Wholesale is the practice of purchasing bulk branded products from another manufacturer, supplier, or distributor then resold them to consumers.
How do you choose which wholesale products to sell on Amazon? The short answer is research, market savvy, and a good business plan. Keep reading for the long answer.
5. Amazon Handmade
Amazon handmade allows artisans to sell their handmade goods online, including clothing, accessories, and jewelry.
Those with professional skills are particularly suitable for the Amazon handmade program. The approved sellers can even get a custom URL and a dedicated account profile so that customers can easily find their stores.
In addition, there are no fees for joining the Amazon handmade program and listing products, but you need a professional seller account. The only fee you have to pay is a 15% commission on the total sale price.
Join the Amazon Handmade Program.
6. Affiliate Marketing
An easy way to make money on Amazon in 2021 is to become an affiliate. If you run a blog, website, or community, then you already have a ready audience. By recommending interesting and high-quality Amazon products to your audience, you can earn commissions.
Depending on the product, when someone makes a purchase through your exclusive affiliate link, you can get a commission of 4% to 10% of the price. Most Amazon categories support the commission system.
7. Merch by Amazon
If you are good at design, you can earn considerable income by selling T-shirts and other similar products through Merch by Amazon. This platform allows you to sell your works as Amazon products for free.
Simply upload your artwork, choose a product type and color, and add a product description. Amazon will create a product page for you on Amazon and when customers buy your product, they’ll handle production, shipping, and customer service — all with no upfront costs.
As for the income, Amazon will pay you royalties for every design work you sell. This fee depends on the cost of the product, taxes, and the cost of services provided by Amazon.
Link: Merch by Amazon
8. Amazon Mechanical Turk
Amazon Mechanical Turk, is a way to earn small amounts of money, completing easy, mindless tasks.
MTurk offers developers access to a diverse, on-demand workforce through a flexible user interface or direct integration with a simple API. Organizations can harness the power of crowdsourcing via MTurk for a range of use cases, such as microwork, human insights, and machine learning development.
Link: Amazon Mechanical Turk
9. Amazon Services
Whether you are a guitar teacher, math teacher, or carpenter, Amazon Services can keep you in touch with those in need. Amazon Services connects you with local professionals in your area to help you with various household needs.
The program does not charge monthly fees, advertising fees, or activation fees. However, you need to purchase general liability insurance with maximum coverage of $1 million. You need to provide this information when you register for Amazon Services.
In addition, as a service provider, you need to pay Amazon a revenue share. It depends on the nature of the service and the final price of the service.
Go to Amazon services.
10. Amazon Vine program
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.
Amazon Vine invites the most trusted reviewers on Amazon to post opinions about new and pre-release items to help their fellow customers make informed purchase decisions. Amazon invites customers to become Vine Voices based on their reviewer rank, which is a reflection of the quality and helpfulness of their reviews as judged by other Amazon customers.
If you enjoy writing about your experience with various products and tend to get a lot of helpful votes from the Amazon community, you might be a good fit for Vine Voices.
Join Amazon Vine program.
11. Kindle Direct Publishing
Kindle Direct Publishing lets you publish Kindle books on their platform. It’s a self-publishing platform, anyone can do it, and many self-made authors have used Amazon to help strengthen their expertise in their particular subject matter.
You can write about and publish something you feel very passionately about. Many of the ebooks I’ve read aren’t very long either – a lot is under 100 pages and very consumable.
However, your work will need to sell itself or you’ll have to handle all marketing since there’s no agent or publisher to help you get the word out.
Link: Kindle Direct Publishing
12. Amazon Trade-In
Amazon Trade-In is willing to pay you with an Amazon gift card if you turn in your used books, games, and gadgets.
This can be a great way to make a little bit of extra money by keeping an eye out at local garage sales or anywhere you can get used items for very low prices. You can get as much as 25% of the product’s original retail price as the credit.
And it is cool that Amazon also provides you with free prepaid USPS or UPS shipping labels. In this way, all you have to do is pack the items and send them out. It’s easier than eBay because you don’t have to take pictures, wait for the auction to end, or deal with unstable buyers.
Link: Amazon Trade-In
13. Amazon CamperForce
The Amazon CamperForce program brings together a community of enthusiastic RV’ers for seasonal work camping job opportunities. Your responsibilities will be in the areas of picking, packing, stowing, and receiving at an Amazon warehouse.
The CamperForce Program provides the following benefits:
- Campground provision toward your campground expense
- Assignment Completion Bonus: $.50 for each regular hour worked and $1.00 for each overtime hour worked after the assignment ends
- Medical and Prescription coverage available after 90 days
- Overtime pay
- Weekly pay schedule
Link: Amazon CamperForce
14. Work from Home for Amazon
Amazon has begun to accept work from home. When I looked at the list of virtual Amazon job openings, I found options for full-time, part-time, and seasonal work.
You can filter by job category, such as IT and engineering, customer support, sales and advertising, operations and fulfillment, etc. There are hourly and paid positions.
Virtual opportunities aren’t available everywhere but If you live in a certain area, you may be able to apply for Amazon’s “work-from-home” positions, given that you’re qualified and a right fit for the position.
15. Amazon Flex Deliveries
Once you’ve downloaded the app and set up your account, you can look for delivery opportunities that are convenient for you. Open the Amazon Flex app to search for available delivery blocks in your area. With every offer, you’ll see your expected earnings and how long your block is likely to take you to complete. You can also mark yourself as available in the app to qualify for instant offers.
On the day of your block, head to your designated Amazon location to pick up your packages. Then, using the Amazon Flex app, navigate to each destination, deliver the package that corresponds with that address, and deliver smiles wherever you go.
Once your deliveries are complete, there’s nothing else for you to do but get paid. Amazon Flex pays via direct deposit twice a week, and you can track your payments in the Earnings section within the Amazon Flex app.
Link: Amazon Flex
16. Work As a 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.
You can filter your search by full or part-time positions and by location.
17. Twitch Streaming
Twitch is an American video live streaming service operated by Twitch Interactive, a subsidiary of Amazon.com, Inc.
Many gamers live to stream their games on Twitch. tv owned by Amazon to earn a lot of money.
It is estimated that the most popular players can earn $300,000 or more each year!
Link: Twitch Streaming
No matter what kind of model you are doing, dive down to study and research, be patient, and don’t just try it and then give it up. Any project requires a lot of effort to accumulate in the initial stage. After you have reached a certain level of understanding of a project, you have enough accumulation, and then quantitative changes can occur.