If you are looking to improve your finances, or generate extra income, learning how to make money with Amazon is an excellent alternative.
Amazon is one of the best positioned e-commerce platforms in the world, which works in your favor when using it to generate income online.
Currently there are numerous strategies that allow you to earn money with Amazon from the comfort of your home, in this article we are going to share with you five methods to achieve it from scratch.
Ways to make money with Amazon today:
Although creating your own store and being an Amazon seller is a very good way to earn money online, there are other very interesting methods that you can explore to create your first online business on Amazon.
Would you like to generate 3 figures or more monthly through Amazon? Do you want to start your own business, scale it and achieve financial independence?
This is completely possible if you make sure to put into practice the strategies that we will share with you below.
They have all proven to be effective in making money, and in fact we will present you with some success stories of entrepreneurs who have changed their lives thanks to these methods.
one. Create your own store with Amazon
Selling products through your own virtual Amazon store is completely possible, safe and reliable through the Amazon FBA program (Fulfillment By Amazon).
The essence of this program is to offer products online without having to take care of the entire logistics process of packaging or shipping, which is 100% practical.
In theory, Amazon will be in charge of processing these tasks through its own work team.
Therefore, you only have to make sure that you acquire the products that you want to sell in your virtual store and then complete a few basic steps.
This is how Amazon FBA works
Here are the steps to follow to generate hundreds or thousands of dollars through Amazon FBA:
- Set up your Amazon FBA account (can be personal or professional).
- Buy the products you want to offer in your store on-line.
- Add them to your Amazon store.
- Send the merchandise to the warehouse designated by this company.
- As soon as the products are in your possession, Amazon will be in charge of processing, packaging and shipping the orders to your customers.
There are many cases of people who have discovered how to make money with Amazon through the FBA program, being that of Chris Guthry one of the most popular.
This young entrepreneur has generated more than six figures selling products in this e-commerce(specifically thanks to Amazon FBA).
His case was so famous that he was nicknamed “the guy from Amazon”, and all thanks to the fact that in just a couple of years he managed to build an empire selling products on this e-commerce platform with a global reach.
One of the biggest keys to success is to offer products that are in high demand, and above all, to implement complementary marketing strategies that increase the reach of your business.
Can you really make money with Amazon FBA?
Absolutely! Entrepreneurship under the Amazon FBA model is equivalent to starting a business on autopilot.
This means that there are multiple benefits associated with sales in this e-commercesuch as that:
– By creating a seller account you have the option to buy products wholesale, reducing unit costs.
– You do not need to invest money in renting premises, hiring staff or making a large initial investment in logistics. Remember that your products will be stored directly by Amazon.
– Amazon takes care of the entire logistics system: processing, packaging and shipping, which saves you time, resources and money (This mechanism is also known worldwide as Dropshipping).
– This online sales strategy is absolutely scalable.
– The profitability of sales through Amazon FBA does not usually decrease over time (if you make sure you choose your products and suppliers well).
On the other hand, if you are wondering how much money you could earn from this strategy, we must tell you that the amount will depend on your initial investment and the effort you make to boost your business.
But even so, it is worth mentioning that there are people generating between 3 and 7 annual figures in sales thanks to this online business model.
2. Through Amazon Associates
You must learn about the Amazon affiliate program, if you really want to generate income with this online store.
Today it is known as one of the largest affiliate programs on the market, especially because its commission system is quite favorable.
To take advantage of it, you need to understand what affiliate marketing is, so pay attention to this explanation.
Affiliate marketing explained step by step
It basically consists of promoting products or services of a third party so that each sale made generates a commission.
The differentiating element of this business strategy is that when you join affiliate programs, such as Amazon Affiliates, you receive a link that you must use to encourage the desired conversion on your blog or website.
So that you understand this strategy well and can implement it with the Amazon program, we suggest you follow these steps:
- Join Amazon Affiliates.
- Get your affiliate link.
- Promote the products or services of a third party on your blog or page.
- Every time a user buys the promoted products through your own affiliate link, you will receive a commission.
To start this business you need to have a presence in the digital environment, so if you have not yet taken this step, we invite you to do so as soon as possible.
For this, we want to invite you to get to know Start Online, a course to create a profitable website.
3. Earn money with Amazon Kindle Publishing
Amazon Kindle Direct Publishing (KDP) is a system that allows you to publish your own books on Amazon to reach potential customers and generate more and more sales.
This is an excellent linked strategy to make money with Amazon that you will really like if you are a writer, or if you simply dedicate yourself to the creation of info products.
In fact, joining KDP will help you generate significant passive income from wherever you are.
Some say that the key to success lies not only in writing authentic, attractive and neat books, but also in gradually increasing the number of publications.
In other words, the more books you write and publish on Amazon Kindle, the more chances you have to discover how to make money with Amazon.
Amazon Kindle and the generation of millionaire income
It may sound a bit surreal, but the truth is that the Amazon Kindle has become one of the most effective strategies for generating seven-figure income.
tim ferrisa renowned American businessman, author and podcaster, has earned more than $100,000 from the digital sales of his works through this service, as he explains in one of the publications of your own blog.
4. Join Amazon Mechanical Turk
Another way to make money with amazon in a practical and safe way is the program that bears the name Amazon Mechanical Turk.
In simple words you will receive a payment for completing some of these tasks or activities:
- Do data validation.
- Participate in surveys and more.
This program is responsible for subcontracting remote services for commercial, investigative, promotional purposes, etc.
So it can become one of the best online jobs you can imagine to generate additional income month after month.
How much money can you make with Amazon Mechanical Turk?
If you are wondering how much money you can generate with this program, the answer is the following: between $120 and $200 dollars working 20 hours a week.
With this marketplace of Amazon you can offer your services as freelancer and generate hundreds of extra dollars from the comfort of your home or office.
Working as a delivery driver is another great way to earn money with Amazon thanks to their Amazon Flex program.
This service allows people who have their own vehicle, or even a motorcycle, to become official distributors of this ecommerce.
Your job will be to deliver packages to Amazon customers who have made purchases online and all you need is a car of your own.
However, it should be noted that this service is only available – for now – in some cities in the United States and Spain, but it has been said that it could be operational in Latin America, specifically in Mexico, very soon.
In fact, Amazon opened 200 job vacancies in Mexico
Getting started with Amazon Flex
Ideally, you should download the Amazon Flex app and enter your current location so you know if it’s already available in the country where you live right now.
If this is not the case, you have the option of joining a waiting list so that as soon as the service starts operating in the area where you live, you will receive a notice or notification.
Your income as a delivery person will be subject to the number of hours you dedicate to deliveries.
However, the average income during a day can be around $100 dollars, according to official data from Amazon Flex.
Indeed, in his page They indicate that delivery people can earn between $18 and $25 per hour, and that work shifts are usually five hours.
Amazon Flex has gained many fans this year, perhaps because online shopping has skyrocketed globally due to the pandemic.
Start making money with Amazon today
In this guide we have shared 5 great mechanisms to understand how to earn money with Amazon on a recurring and successful basis.
Some can be executed remotely, that is, remotely, while other options will require you to move from one place to another, as would be the case with Amazon Flex.
But in one way or another you will be generating money that you can use to start other businesses, pay off debts or dramatically balance your finances.
Continue reading: 50 trending business ideas to start in 2021