Friday, May 17, 2024

Learn How To Make Money From Amazon? 6 Money Hacks !

Want to Learn How To Make Money From Amazon? Here’s how you would get started with it! Worried that you might have missed the boat of e-commerce? Well, there’s no need to worry as it’s getting moving.

Several e-commerce companies sell products online, but the best one, is Amazon.
Amazon can prove as a big opportunity for everyone who wants to join the world of E-Commerce.

Every year, Amazon sees a growth of 25% to 31%, smashing its competitors who see growth in only single digits. The online retail store has over 2.5+ million sellers offering 120 million of products.

Many people are earning from Amazon, with the platform showing no signs of slowing down in the near future. There are plenty of ways to make money from Amazon; Let us have a look at a few of them.

#1 – Retail Arbitrage On Amazon

Retail Arbitrage may sound very complicated. But, it is a simple process where you buy inventories from local retailers and then sell them on Amazon for a profit.

You can also buy inventories from other online stores like ebay etc and can make profit by selling on Amazon. But usually, the best discounts are found in physical stores itself.

How Does Retail Arbitrage work on Amazon?

If you ever watch the “The Office,” you might remember the episode where Dwight had bought a princess unicorn doll around some time at Christmas. His plan was to sell the doll for $200(or more) to the last-minute shoppers. And this, in a nutshell, is how retail Arbitrage works.

You go to retail stores like Reliance, Dmart, Walmart, etc. and find and buy things at discounted rates. Then you sell these products on Amazon at a mark-up, on higher rates.

You can also buy commodities which can get into shortage in near future and then sell them at huge profits when demands peaks.

How Much Money Can You Make Through Retail Arbitrage on Amazon?

Amazon continues to make selling popular brands more difficult. Retail Arbitrage on Amazon has become extremely competitive and difficult to scale. Nevertheless, Sellers can expect to make about $300 to $2000 per month by selling flipped products on Amazon.

#2 – Flex Driver For Amazon

You must be aware that Amazon has its own delivery service for all its products. But did you know that you can work for Amazon’s delivery fleet as a driver? That’s right! You can join the Amazons Delivery Fleet as a Driver to make money from Amazon 2020.

How Does Flex Driver work on Amazon?

Amazon’s Flex program would allow you to join in the company’s fleet as a driver. The company’s shifts are typically five hours long. If the drivers finish their shifts early, they would still get paid for the entire five hours. They work like drivers with Uber or Lyft and deliver packages locally.

How Much Money Can You Make Through Flex Driver?

Amazon pays its drivers between $18-$25 per hour. So if you work for five hours daily(even if you finish your work early), you would earn an approximate amount of $100 per day.

#3 – Amazon Services

Amazon services, can list your services on Amazon, people will get to know about you through the platform and can contact you if they need.

How does Amazon Services work?

You can list what services you can provide, and then the customers on the platform will contact you if they need it.

if you are a plumber, a dog walker, a lawn care specialist, or a guitar teacher, Amazon services can help you reach people who need your help.

How Much Money Can You Make Through Amazon Services?

The sky’s the limit! What you earn is what you ask for, obviously, if the market is willing to pay it. If you ask for reasonable fees from the customer, they will, no doubt, pay it without any hesitation.

#4 – Amazon Handmade

If you have a creative personality, Amazon Handmade is for you! You can create your own goods, handicrafts and sell them online.

How Does Amazon Handmade Work?

Artisans can produce and sell their own goods and list them online on Amazon to earn good profits.. This method, no doubt, would need a bit of hard work to stay on top of your orders as you would be producing them by yourself. But, the opportunity Amazon can offer to your brand is massive.

How Much Money Can You Make Through Amazon Handmade?

As per research, Amazon charges a higher fee on custom built products than any of its competitors. However, It’s larger reach can balance out the fees. If you are a gifted artesian, you can expect to make $300 (or more) per day with Amazon Handmade.

#5 – Merch by Amazon

Merch by Amazon makes it easy for you to create, promote and market your branded merchandise with no risk and no up-front costs.

You supply the artwork, choose the product type and color(s), and then promote your products in your app, blog or on social media.

Amazon takes care of the rest, including production, sales, shipping and creating a product page on – all at no cost to you.

How Does Merch Amazon works?

In Merch, you can create and upload your designs, on any shirts, coffee mugs, bedsheets-whatever you want them on. These designs gets stored in Amazon’s database. These designs will appear on the items, and whenever a sale happens, Amazon will pay you the royalty for that sale.

How Much Money Can You Make Through Merch By Amazon?

A seller can earn up to $1.50 per product they have listed on the platform. Unfortunately, Amazon has a limited number of products that sellers can carry at any given time to 50 designs. Amazon Merch, no way is a “get rich quick scheme” and instead is all about hard work and dedication.

#6 – Publish Your Book On Kindle

Amazon KDP or Amazon Kindle Direct Publishing lets you publish your own books on Kindle.

How Does Amazon Kindle Direct Publishing works?

Amazon Kindle Direct Publishing is very easy to understand and to adapt to. You write a book and then publish it on Kindle. That’s it! Simple, right? Apart from the digital format, you can even print actual copies of your book. CreateSpace by Amazon will print on your demand. Definitely the easiest way to make money from Amazon in 2020.

How Much Money Can You Make Through Amazon Kindle Direct Publishing?

As per research, some best-selling authors can earn up to $40,000 per month. These writers, nonetheless, adopt the prolific method and mostly write to gain attention.

Wrap up

We have shared 6 super easy and quick ways to make money from Amazon in 2020. The ways mentioned above don’t need a lot of hard work & initial investment. You can use these ways to earn money from online from sitting at home. We have shared the best possible secret ways of earning money through online.

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