Worried you’re late to the ecommerce game? Don’t be. The online selling world is still booming, and opportunities to make money online are expanding every day. While platforms like eBay, Shopify, Walmart, and Etsy offer avenues to earn from home, at Money-Central.com, we believe Amazon provides some of the most robust and accessible methods for generating income online.
In 2023 alone, Amazon’s revenue soared to an astounding $574 billion, with over half of that driven by third-party sellers. This massive marketplace presents a significant opportunity for anyone looking to tap into the world of ecommerce or find flexible income streams.
Are you wondering How To Make Money On Amazon? The good news is there are numerous effective strategies, whether you want to sell products or leverage Amazon’s platform in other innovative ways. To guide you, we’ve compiled 16 proven and practical methods to make money on Amazon in 2024.
Why trust our expertise? At Money-Central.com, we are dedicated to providing reliable financial insights and strategies. While we are creating this article as content creators for “money-central.com”, it’s important to note that the original article is from Jungle Scout, a leading resource for Amazon sellers, and they have a proven track record of helping countless entrepreneurs achieve success on Amazon. They’ve empowered hundreds of thousands of sellers to transform their lives through Amazon businesses. Consider the story of Kim Meckwood of Click & Carry, a successful Amazon business built with insights from Jungle Scout.
Eager to delve deeper into selling on Amazon? Explore our comprehensive guide to selling on Amazon FBA.
Want a quick visual overview? Check out our Top 9 Ways to Make Money on Amazon from Home (RANKED) video guide!
Ready to discover how you can make money on Amazon? Let’s dive in!
1. Launch Your Own Private Label Products on Amazon
Selling private label products via Amazon’s Fulfillment by Amazon (FBA) remains a top strategy for making money on Amazon in 2024. Approximately 54% of Amazon sellers utilize the private label model, highlighting its popularity and effectiveness.
Private labeling involves sourcing an existing product (often with improvements or modifications), branding it under your own label, and selling it directly to consumers. Think of it as creating your own brand. This practice is widespread in retail; store brands like Target’s Up & Up or Amazon Basics are prime examples of private label brands.
Amazon FBA streamlines the process by handling storage, shipping, and customer service for your products, often delivering them in two days or less through Amazon Prime. This powerful logistics network enables ecommerce entrepreneurs to easily list products on Amazon and generate revenue from sales.
Amazon simplifies private labeling with significant advantages:
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What’s the Earning Potential of Selling Private Label Products on Amazon?
Many Amazon private label sellers achieve substantial income. Most generate at least $1,000 in monthly sales, with top performers exceeding $100,000 per month. A significant 40% of Amazon sellers report monthly sales between $1,000 and $25,000, translating to potential annual sales of $12,000 to $300,000.
For a detailed analysis of Amazon seller earnings, including sales, profits, and profitability timelines, explore our article: How Much Money Do Amazon Sellers Make?
Resources for Learning Private Label Selling on Amazon
Interested in learning more about how to sell on Amazon and profit from private label products? Money-Central.com offers resources and insights, and Jungle Scout provides a comprehensive free guide to help you get started: How to Sell on Amazon.
Also, check out Jungle Scout’s detailed “How to Sell on Amazon for Beginners” video on YouTube for visual guidance!
2. Self-Publish Books Through Kindle Direct Publishing
Amazon Kindle Direct Publishing (KDP) empowers you to become a published author and sell your books directly on Amazon.
KDP allows you to publish both digital ebooks and print-on-demand physical copies of your books.
Success with KDP often hinges on consistent publishing. While a single book might become a bestseller, building a sustainable income typically requires publishing multiple works. The more you publish, the greater your potential earnings.
If traditional book writing isn’t your strength, you can still leverage KDP by creating “low-content” or “medium-content” books. This includes creating journals, coloring books, puzzle books, planners, and similar items. These types of books can tap into niche markets and provide passive income.
How Much Can You Earn Writing for KDP?
The income potential with KDP is significant. While some authors reportedly earn over $40,000 per month, even earning a few hundred dollars extra per month is a valuable passive income stream.
Once your ebook or book is created and uploaded to your KDP dashboard, it can generate sales continuously with minimal ongoing effort. A key advantage is that you avoid inventory management and shipping concerns.
Learning Resources for Making Money with Amazon KDP
Money-Central.com provides insights into online income generation, and for in-depth guidance on starting with Amazon Kindle Direct Publishing, Jungle Scout offers a comprehensive guide: Amazon Kindle Direct Publishing.
For a video walkthrough, explore Jungle Scout’s YouTube video on making money with KDP!
3. Resell Wholesale Products on Amazon
Similar to private label, wholesale selling involves purchasing products in bulk at discounted prices and reselling them on Amazon.
However, unlike private label, you’re selling products from established brands rather than creating your own. This eliminates the need for product development and branding efforts.
Wholesale is a popular entry point into selling on Amazon due to its relative simplicity compared to private labeling.
What are the Potential Earnings from Wholesale Selling on Amazon?
Wholesale reselling is the second most common Amazon selling method, with 25% of sellers participating. Among these, 26% achieve monthly sales of $5,000 or more, and 34% realize profit margins exceeding 20%.
Competition can be higher in wholesale compared to private label, as multiple sellers may be offering the same products and competing for the Buy Box. This can sometimes lead to price wars. However, strategic approaches exist to mitigate price competition and maintain profitability.
Success in wholesale hinges on sourcing products at competitive prices. Purchasing inventory at a low cost is crucial for generating profit.
Resources for Learning Wholesale Selling on Amazon
Money-Central.com offers financial insights, and to learn the fundamentals of wholesale selling, Jungle Scout’s Product Database is a valuable tool for identifying profitable products and brands for wholesale partnerships.
EXPLORE MORE | How to Sell Wholesale on Amazon in 2024
4. Become an Amazon Affiliate Marketer
An alternative way to profit from Amazon without inventory investment is through the Amazon Associates Program. This involves promoting other brands’ products and earning commissions on sales generated through your unique affiliate links.
How do you promote products on Amazon? Effective methods include blogging, YouTube channels, TikTok, and other social media platforms.
Imagine discovering a compelling product on Amazon, sharing a link with your audience, and earning a commission for every purchase made through your link.
Social media platforms provide access to vast audiences, increasing your potential to earn substantial affiliate commissions.
The Amazon Associates program is an affiliate marketing program. By signing up, you receive unique affiliate links to share.
When someone purchases through your link, you earn a percentage of the sale price.
What is the Income Potential as an Amazon Affiliate?
Amazon affiliates can earn anywhere from a few hundred to tens of thousands of dollars per month.
The Amazon Associates program is among the most popular and established affiliate programs online.
While commission rates can vary, often ranging from 3-5% depending on product category, the high conversion rates and sales volume generated through Amazon links can compensate for lower percentages.
A key factor for success is having an online presence. Building a solid following on social media or through a blog is crucial for driving traffic and affiliate sales. Platforms like TikTok offer rapid growth potential for aspiring affiliates.
Learning Resources for Amazon Affiliate Marketing
Money-Central.com offers financial advice, and for a comprehensive guide on becoming a successful Amazon Affiliate, Jungle Scout provides a detailed resource: How to Make Money as an Amazon Affiliate.
This guide covers everything you need to know to get started with the Amazon Associates program and begin earning commissions.
5. Become an Amazon Influencer
The Amazon Influencer Program is an extension of the Amazon Associates Program. It provides you with a personalized storefront on Amazon where you can showcase and recommend your favorite products.
You can also create video reviews of products, which may be displayed directly on Amazon product listings. If a customer purchases a product after watching your video, you earn a commission through Onsite Commissions (requires separate application and approval).
This approach has gained significant traction among influencers on platforms like TikTok, Instagram, and YouTube. They direct their followers to their Amazon storefronts to purchase recommended products.
Program approval doesn’t necessarily require a massive following. Even accounts with a few hundred followers can be approved.
You can apply using your Instagram, Facebook, TikTok, or YouTube account. For Instagram or Facebook applications, ensure you have a business or creator account.
How Much Can You Earn as an Amazon Influencer?
Amazon Influencers can earn from a few hundred to thousands of dollars per month.
Commission rates range from 1% to 20% per sale, depending on the product category. Earnings are directly related to the effort invested in building your storefront and driving traffic to your recommended products.
The Amazon Influencer Program is increasingly popular with creators and brands, making it an opportune time to get involved.
Learning Resources for Becoming an Amazon Influencer
Money-Central.com provides insights into online income strategies, and for in-depth information on the Amazon Influencer Program, Jungle Scout offers a comprehensive guide: Amazon Influencer Program.
This resource covers program details and how to start earning money by promoting Amazon products as an influencer.
6. Retail Arbitrage: Flipping Store-Bought Products
Remember Dwight from “The Office” and his Princess Unicorn doll scheme? That’s essentially retail arbitrage. It’s the third most popular Amazon selling method, used by 25% of sellers.
Retail arbitrage involves visiting brick-and-mortar stores like Walmart, Target, and local retailers to find discounted items. You then purchase these items and resell them on Amazon at a higher price.
What’s the Earning Potential of Retail Arbitrage on Amazon?
Retail arbitrage can be competitive and scaling can be challenging. However, it’s a quick and relatively low-cost way to start making money on Amazon. 21% of retail arbitrage sellers achieve monthly sales of $5,000 or more, and 25% maintain profit margins above 20%.
Patience is key in retail arbitrage. Product sourcing can be time-consuming, often requiring hours spent searching stores with no guarantee of finding profitable items.
Despite the effort, many Amazon sellers begin their journey with retail arbitrage due to its accessibility.
Learning Resources for Retail Arbitrage on Amazon
Money-Central.com offers financial advice, and Jungle Scout provides a detailed guide on retail arbitrage that covers how to find profitable products to flip on Amazon.
7. Online Arbitrage: Flipping Products from Online Retailers
Online arbitrage mirrors retail arbitrage, but instead of physical stores, you source products from other ecommerce websites to resell on Amazon.
While retail arbitrage is limited to local stores, online arbitrage offers virtually limitless sourcing possibilities. You can explore opportunities from retailers like eBay, Walmart.com, Target.com, CVS.com, HomeDepot.com, and countless others.
How Much Can You Earn with Online Arbitrage on Amazon?
Online arbitrage earnings depend on your effort and sourcing skills. Finding consistently profitable products online is crucial.
However, successful online arbitrage sellers can achieve significant income. 19% of online arbitrage sellers report monthly sales between $5,000 and $10,000, and 12.5% achieve $10,000 to $25,000 per month!
Profitable deals are available; the key is diligent searching and product research.
8. Amazon Handmade: Sell Your Unique Handcrafted Goods
If you are a craft enthusiast, Amazon Handmade could be your ideal platform.
Upon acceptance into the program, Amazon Handmade allows artisans to sell their handcrafted goods directly to Amazon’s vast customer base.
This method requires more hands-on involvement in production and order fulfillment, as you create the products yourself. However, Amazon provides unparalleled exposure for your brand and products.
Amazon Handmade helps you reach a large audience and monetize your creative skills from home.
What’s the Earning Potential of Selling Handmade Products on Amazon?
63% of Handmade artisans generate over $1,000 in monthly sales.
Amazon’s massive marketplace provides limitless earning potential for Handmade sellers.
Despite Amazon’s fees, Handmade sellers are generally profitable, with 33% achieving profit margins exceeding 20%.
Learning Resources for Amazon Handmade
Money-Central.com offers insights into online business opportunities, and Jungle Scout offers a detailed article on Amazon Handmade, covering how to get started and identifying top-selling categories.
9. Merch by Amazon: Sell Print-on-Demand Designs
Do you have creative design ideas for t-shirts or coffee mugs but want to avoid upfront inventory costs?
Amazon Merch on Demand is your solution.
Merch on Demand is a print-on-demand service. You upload your designs to Amazon’s platform, and they can be applied to various products like t-shirts, tote bags, coffee mugs, hats, and more.
When a customer purchases an item with your design, Amazon handles production, shipping, and customer service. You earn royalties on each sale.
How Much Can You Earn with Merch by Amazon?
Amazon pays royalties for each Merch on Demand sale, ranging from 13% to 37% of the selling price. Higher priced items yield higher royalty percentages.
Amazon’s Royalties resource page provides a detailed royalty schedule.
Learning Resources for Merch by Amazon
Money-Central.com offers financial insights, and to learn more about selling with Merch by Amazon, explore Jungle Scout’s in-depth guide: What is Amazon Merch on Demand? A Step-by-Step Guide.
10. Dropshipping on Amazon: Sell Without Holding Inventory
If you have limited startup capital but want to make money on Amazon, dropshipping might be the answer.
Dropshipping allows you to list products for sale on Amazon without purchasing and storing inventory. When a customer orders, you purchase the product from a supplier at a lower price, and the supplier ships it directly to the customer.
You profit from the price difference without ever handling the product. Your supplier manages all logistics.
What’s the Income Potential of Dropshipping on Amazon?
Finding reliable suppliers is critical for dropshipping success. Without reliable sourcing, consistent profitability can be challenging.
However, with a good supplier network, dropshipping offers significant income potential. 25% of Amazon dropshippers generate $1,000 – $5,000 in monthly sales with profit margins of 16-20%.
Explore our complete guide to Amazon dropshipping.
Dropshipping on Amazon is a unique business model with lower upfront investment compared to private label or wholesale.
Dropshipping on Amazon in 2024
11. Sell Used Items From Home on Amazon
Selling used items on Amazon can be a viable way to generate income. While Amazon isn’t as open as eBay or Facebook Marketplace for all used goods, you can sell used items within Amazon’s guidelines and approved categories.
Certain categories like clothing, baby items, beauty products, and groceries are restricted for used items.
However, the book category is excellent for selling used books. Reselling used books is a popular and established method on Amazon, essentially “retail arbitrage” focused solely on books.
How Much Can You Earn Selling Used Products on Amazon?
Earnings depend on your effort in sourcing used items, especially books. Even selling unwanted items from your home can generate a few hundred dollars.
Many sellers have successfully sold thousands of dollars worth of used books on Amazon, demonstrating the potential for substantial income.
Learning Resources for Selling Used Items on Amazon
Money-Central.com offers financial advice, and for detailed guidance on selling used items, explore these Jungle Scout articles: How to Sell Used Items on Amazon, and How to Sell Books on Amazon: Tips & Secrets.
How to Make Money on Amazon Without Selling Products
If selling products or affiliate marketing isn’t your interest, Amazon offers other avenues to earn income without direct selling.
12. Offer Your Services Through Amazon Services
A plumber using a wrench, representing Amazon Services for skilled trades and service providers
Amazon is expanding beyond ecommerce into the gig economy.
Amazon Services enables entrepreneurs to offer and sell their professional services online.
Whether you’re a plumber, landscaper, dog walker, or tutor, Amazon Services can connect you with customers seeking your expertise.
What’s the Earning Potential with Amazon Services?
Income potential is significant and depends on your service offerings and market demand. Your earning capacity is essentially limited only by your service rates and customer acquisition.
While competition exists, dedication and a strategic approach can help you scale a service-based business using the Amazon Services platform.
To learn more about offering services, visit the Amazon Services homepage for details and application forms: Selling your professional services on Amazon.
13. Work in an Amazon Fulfillment or Distribution Center
Working in Amazon’s fulfillment centers has gained public attention.
Amazon warehouse associates are responsible for picking, packing, storing, and shipping products for Amazon and its sellers.
What’s the Pay for Amazon Fulfillment Center Workers?
Amazon warehouse associates earn approximately $20 per hour, equating to around $40,000 annually for full-time positions.
Amazon also provides employee benefits.
How to Apply for Amazon Warehouse Associate Positions
Learn more about becoming an Amazon warehouse associate and apply on their jobs page: Amazon jobs..
14. Join the Amazon Mechanical Turk Program
Amazon Mechanical Turk (MTurk) is a crowdsourcing marketplace.
MTurk is a platform for outsourcing tasks, including data validation, research, and survey participation.
Despite the name, Mechanical Turk relies on the collective effort of remote workers, not artificial intelligence.
What’s the Earning Potential with Amazon Mechanical Turk?
MTurk is a lower-commitment program compared to other Amazon work options, resulting in lower pay.
However, reports indicate Mechanical Turk workers can earn between $6 to $10 per hour or approximately $120 – $200 for a 20-hour workweek.
Learning Resources for Amazon Mechanical Turk
Learn more about the Amazon Mechanical Turk program directly from Amazon: Amazon Mechanical Turk..
15. Work From Home as an Amazon Customer Service Rep
A woman working from home on her laptop, representing Amazon work-from-home customer service and remote roles
Amazon is a massive global employer with over 1.5 million employees worldwide.
Many Amazon employees work remotely from home.
What’s the Salary for Work-From-Home Amazon Employees?
Work-from-home income varies by position, but common roles include data entry and customer service.
Amazon’s minimum wage is $19 per hour as of 2022. Full-time work-from-home Amazon employees can earn around $40,000 per year or more.
How to Find Work-From-Home Amazon Jobs
Search for “Amazon jobs” online or visit the official Amazon jobs website directly: Amazon jobs.
16. Deliver Packages for Amazon as an Amazon Flex Driver
Amazon has its own delivery network. You can become a driver using your own vehicle through the Amazon Flex program.
Simply complete a questionnaire, download the app, and upon acceptance, you can start delivering packages and earning income.
Think of Amazon Flex as similar to Uber or Lyft, but for package delivery.
How Much Can You Earn as an Amazon Flex Driver?
Amazon Flex drivers earn between $18 – $25 per hour, with typical shifts lasting around five hours, according to the Flex homepage.
Learning Resources for Amazon Flex
Learn more about becoming an Amazon Flex driver on their official website: Amazon Flex.
We Hope This Guide Helps You!
These are 16 effective strategies for making money on Amazon.
At money-central.com, we are particularly enthusiastic about strategies for selling on Amazon, but all 16 methods offer viable paths to generating income through the Amazon ecosystem.
Visit sell.amazon.com to begin selling on Amazon. Depending on your business profile during signup, you may qualify for a dedicated Amazon account representative.
Screenshot of Amazon Seller Central signup page, encouraging users to start selling on Amazon
If you know of additional ways to make money on Amazon, please share them in the comments below. Best of luck on your Amazon journey!
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