For a lot of people, getting a second, if not a third, stream of income is always an ideal option. With the dawn of the tech age came more opportunities for people to engage in online activities that allow them to create other income streams apart from or in place of their day jobs.
To make money on Amazon within 90 days, employ one of several legitimate Amazon selling strategies including Fulfillment by Amazon, Affiliate marketing, Kindle Direct Publishing. Learn more below.
Amazon is the largest online marketplace today. Amazon does over 100 billion dollars in sales each year and has over 300 million customers with a button to buy products in as little as one-click. There are 3 million sellers just like you that share part of Amazon's sales. Amazon is The Real Deal Trillion Dollar Opportunity. Amazon partnering programs allow you to harness their safe, secure, powerful eCommerce platform to start your own business. Are you interested in learning how to make money on Amazon? Read on for 3 of the best ways to make money on the Amazon network.
If you want to learn how to make money on Amazon, you must first focus on the primary sales-generating component of the network, which is Amazon FBA or basically selling products online that are fulfilled by Amazon’s logistics network.
As mentioned, Amazon is known to be the largest online marketplace around the world. Selling on Amazon has helped millions of people generate a significant income through the years and it can help you make money as well.
For one, it has the traffic that you need to make a sale. For most people, it is their go-to site if they need to buy something. If you created your own e-commerce page, not only could it be costly but you will also have to compete with the traffic that flocks to Amazon. Why give yourself the hassle of driving ALL your own traffic when you can benefit from the traffic that Amazon has already generated for its sellers?
What you should understand though is that Amazon does have its own products to sell. On the site, you are a third-party seller that makes sales with Private Label products that Amazon doesn’t carry, making you one of the primary sellers for that particular merchandise. Other sellers might be selling a near identical product to you, so it is important to private label, innovate, and consider brand building for longevity on the platform.
When you work with Amazon, you can list your merchandise for sale and manage your storage, inventory, and shipping yourself. This is FBM or Fulfilled by Merchant. But why go through all that trouble when the site already has a fulfillment program?
FBA stands for “Fulfillment by Amazon.” It means that the network manages all of the admin responsibilities that would normally be your responsibility if you were to sell products online.
If you want to become a seller on Amazon, here are some of the steps (a simplified overview) that you have to go through:
Register for a Seller’s Central account and fill in all of the necessary personal, tax, and banking details.
Find a product that you would like to sell on Amazon. Critically important step!
Private label your product, consider innovating or making an aesthetic/performance change and have your manufacturer produce your product.
Create an optimized product listing. Note: Your listing is not published yet.
Ship the items to Amazon's warehouse where they will store it for you, manage your inventory, package, and ship your product.
Make your product listing live on the site and because it is in their warehouses it is marked as Prime Eligible. This is important because Prime members get free expedited shipping and your product arrives at your customer’s doorstep in less time compared to nearly all non-Prime sellers.
Increase traffic to your listing through sponsored ads, social media, or a branded product website.
Renegotiate and reorder more inventory from your supplier to satisfy the sales demand.
Aside from benefitting from a simplified selling experience under the FBA program, you also benefit as Amazon handles the packaging and shipping whenever one of your products sell. Your responsibility is to find products to sell, make the listings and have your supplier send the merchandise to Amazon. Amazon will handle all of the sales processing on your behalf saving you tons in time and energy expenditure. A fee is charged for this service and all accounting will be displayed in your Amazon account for every sale.
An additional note on Amazon FBA, many buyers are not aware a 3rd party supplied their product. They just presume they are buying from Amazon. Sometimes buyers think everything that is Prime Eligible is Amazon’s product. They trust Amazon to take care of them because Amazon’s number one priority is their customers. The trust factor plays a very significant role here. Being tagged as a legitimate seller is extremely important in any online market landscape and this inherent trust will help you sell more of your product. It should go without saying you need to sell with integrity to stay on the platform and grow your business.
Amazon Affiliate Marketing
There was a time when blogging primarily served the purpose of providing people with online diaries. Through the years, the concept of blogging has transformed and blogs these days now exist to provide and share valuable information and insights on just about anything, from experiences to products and services.
If you have an existing blog or wish to create a new blog, you can turn it into another income-generating asset. With the help of the Amazon Partnership Program, you can earn commissions on Amazon sales without you having to own any inventory. By writing helpful posts that answer questions or inform readers in a particular niche, or interest, you’ll be able to offer solutions in the form of products that use and/or review. All you really have to do is place links on your blog pages that point to those products. When a visitor makes a purchase on Amazon using your affiliate link you’ll get a commission on the sale.
If you take a look online, you will see that there are some people who have their reasons for not taking advantage of the Amazon Affiliate Marketing program. Some will say that the commissions are relatively small, others don’t like the fact that Amazon cookies, or the unique tracking ID that attributes the sale to you, only last for 24 hours.
While these concerns are valid, there are other reasons as to why you should definitely consider becoming an Amazon affiliate. We wouldn’t have aimed to teach you about how to make money on Amazon this way otherwise. You also don’t need to focus solely on affiliate commissions from Amazon products, but for the purposes of this post, let’s explain why Amazon is still a good idea.
For one, Amazon has successfully built its brand to become one of the most trusted entities on the Internet. Almost everyone knows or has heard of Amazon and it is most people’s primary destination if they need to purchase something online.
Although there are low-priced products, Amazon is also home to a large inventory of high-value item appliances and gadgets. If you choose affiliate links that promote these products then the potential sales commissions that you can generate will be more significant. Make sure your links make sense. You wouldn’t want links to office furniture if you wrote about fly fishing, but...
Remember most patrons are return customers and shoppers often buy more than one item per transaction. For as long as it is your link that sent a customer to Amazon, you get commissions on their entire haul at that time.
And unlike some other affiliate programs, Amazon values everyone that wants to work with them. This is why they’ve invested in the technology that allows for easy site integration complete with widgets and tools, should you decide to become a part of the Amazon Affiliate Marketing program.
While this seems like a simple recipe for printing money, there are several things that you have to invest time in if you want to succeed as an Amazon affiliate.
Your blog's traffic will be important. The more visitors you have on your site, the more chances you have of converting them — potentially earning you more in commissions over time. Don't be bummed out should you earn small amounts in the beginning as this is typical and reasonable. Unfortunately, this is where most people will give up. They won’t see the traffic they expect to see. Google’s algorithm is designed to show quality content that answers their customer’s search queries. This is based on trust. Consistent trust over time will get your posts indexed and then ranking for specific search terms.
To build that trust, the most important step is to provide valuable information to your readers. This will turn them into loyal readers who stick around on your page and revisit your page. Most of the time, these loyal readers are the ones who’ll actually consider any affiliate links. The more credible your online identity is, the more chances you have of converting and earning commissions.
Never forget the relevance is extremely important. Your content should reflect your blog’s objective. Don’t steer away from your focus just to be able to include more affiliate product links on your site. Focus on links to products that are in line with what you are and have been writing about on your page. This way, your links become more legit and more credible in the eyes of your visitors, and you have more chances at converting them.
Do you write? Are you creative? If you said no to both, can you hire someone on Fiverr or Upwork to do it? If so, you can come up with and supply engaging, entertaining, and informative material to publish on Amazon. Writing skills not required. There is also an opportunity to design notebook covers where the content pages would be “low-content” such as inspirational quotes in the header or “no-content” such as blank lined pages.
The beauty of working with a platform like Kindle publishing is that not only are writers/designers guaranteed profits or royalties whenever their books sell on Amazon, but they can also benefit from the extensive network of readers who are currently online. Amazon does the primary marketing for you in terms of reader traffic; all you really have to do is supply your book/notebook and maybe do some simple side marketing (such as the aforementioned blog) to get the word out about your titles.
Equally Amazing, your titles will be available in multiple markets across the globe in digital format or print on demand.
The process begins with you registering for your free account on Kindle Direct Publishing (KDP). When you create an account, you’ll be provided with your own online bookshelf that you can add your titles to. All you need to do to add titles is to fill in the book title, provide an author name, bullet points and description, optimize a few backend fields for search and discovery, provide a cover and your ebook file, then hit that publish button. This process deserves a post in and of itself, but the point is you can get started quickly.
After submitting your work expect the system to review your submission, typically about a day, after which your listing will be made available on Amazon for purchase. Royalties per sale amount to as much as 70% depending on format and purchase price. The thing about selling ebooks and books on Amazon is that you have complete ownership of the titles on your bookshelf. You get paid a royalty every time they sell.
When you work with Amazon, they provide you with free marketing and promotion. They act as your publisher and are the ones delivering your titles to potential readers. They handle orders and payments on your behalf.
You should find your market before you start producing content. Once you identify niches that aren’t too competitive, you’ll be able to aim for a target audience with your books or notebooks. It is important that you do some research so that you won’t waste time making books that won’t sell. Check out Kindle’s active market and identify everything, such as age groups, genres, and even price points. When you find super popular niches, be wary of those with steep competition. Even when certain topics are popular, it will not be as easy to sell your book or even get it noticed if there are tons of books about the material. Focus on markets that are decently sized — those with a significant following but not too large. This will mean average competition but more chances of getting your titles sold.
So there we have 3 ways to make money on Amazon's platform. This is not an exhaustive guide, but an overview to get your entrepreneurial mind exploring new ideas. What's your favorite way to make money on Amazon? Let us know in the comments.