It’s hard to describe how massive Amazon really is. In 2020, it was $ 386 billion in the sale. Amazon might not be called the most reputable company, but one thing is certain: Amazon can make money when you need extra cash.
There are many different ways to make money through the online retailer. Most of them are not highly paid, but some (like software engineering) are. Most of the Amazon sites tend to go well with your day job and are a great way to get extra income as a sideline. Here are some of the main options you can learn more about.
Best for: People who like to shop sparingly
When people think about making money from Amazon, the first thing that comes to mind is the Amazon FBA (or “Fulfilled by Amazon”) program. This is essentially a digital bazaar; You are a middleman who finds cheap, sought-after products and then sells them at a higher price for a profit.
People often find these cheaper products in bulk in stores like drugstores or Target. Third-party product scanner apps let you quickly see the current price and popularity of an item on Amazon, and decide whether to buy it. Then simply clean all the stickers off the products and send them to an Amazon warehouse, where they will be shipped when you order.
It’s a super flexible and popular side appearance. According to a survey by JungleScout, most people spend less than 10 hours a week doing it, and about half of people make between $ 1,000 and $ 25,000 a month. However, be aware that there is a cost to sell through the Amazon FBA program or any of the programs described below.
Currently, a professional seller account costs $ 39.99 per month (plus fees). If you’re using a third-party paid app to compare product prices, you’ll need to factor in a monthly app fee (some apps cost around $ 10 per month).
Sell your own items
Best for: Selling people with a scalable product
In addition to Amazon’s FBA program, you can also sell your own products in a number of different ways. After all, people are constantly selling their own beauty products, shelf stable groceries, or imported items directly through Amazon.
Bumblebee wash is an example. Steve and Jennifer Chou started their business after taking inspiration from their own wedding favors. They started importing fancy napkins and fabrics to personalize and sell through their Amazon store and other online outlets.
It worked so well that Jennifer quit her job, and now the couple are also teaching people how to start e-commerce businesses through their aptly named website MyWifeQuitHerJob.com.
Merch from Amazon
Best for: Creative people who like to make stylish t-shirts, hats and other wearables
Chances are, at some point in your life you came up with a great t-shirt idea. If you get these strokes of genius frequently, you can make a decent income by uploading your design to Merch by Amazon, where it will be available for sale. When someone orders it, Amazon takes care of production, orders, and deliveries to the customer, and you get a cut in profit.
The amount you can make varies based on the product and price. For example, a tank top priced at $ 17.99 will net you $ 2.07, while a shopping bag priced at $ 21.99 will net you $ 5.35.
Best For: Crafty types who can get jobs done quickly
If you sell your own handmade items, you may be eligible for Amazon Handmade. It’s like Etsy, only that it’s a little harder to get involved with because of the approval process. Every application is checked by Amazon.
In addition, it is best for people who can produce handicrafts quickly. It’s not the best place to sell your hand-knitted sweaters, which take 100 hours to make, for example.
However, if you have a scalable product, Amazon Handmade has many advantages over selling from the main page. For example, you don’t have to pay the $ 39.99 monthly fee for the Professional-level sales plan, although you do have to pay a 15% referral fee on all sales.
Publish Kindle ebooks
Best for: Writers and Creatives
If you enjoy writing, there is a fun way to make extra money by publishing e-books. Certain genres work well for Kindle publications, such as: B. romance or fan fiction. However, it’s not just about writing a story and posting it on the internet.
You have to be an equal part marketer and Writer, because without a good marketing plan, no one will ever find your e-book. But if you persist, are talented, and develop a following, the rewards can be even higher than traditional publishing.
Best Suited For: Bloggers, Podcasters, YouTubers, and Those Who Follow Social Media
You may not have any of your own products to sell, but you can certainly recommend these on Amazon. Receive a kickback of between 1% and 10% of the purchase price for items that you recommended through the Amazon Associates program.
First of all, you need to apply for the program. Once accepted, a browser bar will appear at the top of your page. When you find a product that you want to recommend in a video, blog post, or social media post, just click a button for a custom referral link. You must disclose that it is a referral link. When people click on it and buy a product, they get a percentage of the purchase back.
Amazon Mechanical Turk
Best for: People who like to make some money from quick online jobs
This program has a strange-sounding name, but it is similar to Fiverr or other quick online chores. Companies or individuals post small jobs that they need help with, such as: B. transcribing audio files, completing surveys or editing videos. You can choose which jobs to accept along with the upfront price.
Heads up: While you can find jobs that don’t require a lot of expertise, they generally don’t pay as well either. According to one study, most people only make the equivalent of about $ 2 an hour. However, if you are in need of a small amount of cash and don’t have many other marketable skills, this might be worth a look.
Best for: Active people who don’t mind driving
Amazon sends parcels by post, but also has two separate programs for delivering your own parcels.
The first is a full-time job available through one of Amazon’s regional delivery service partners (DSPs). You will not be working for Amazon itself, but for one of its contractors who will provide you with a special van so that no other equipment is required. Pay rates vary, but generally start at around $ 15 an hour.
If you prefer to keep your day job for the time being, most people looking for a side business prefer Amazon Flex. This side gig pays between $ 18 and $ 25 an hour, and you need to outfit your own mid-size car, van, SUV, or truck with a covered bed.
It’s an app-based system and you sign up for delivery blocks through the app as per your schedule.
Don’t get too attached to Amazon
Amazon offers many flexible ways to make money as a side concert at home. However, it is important not to be too limited to one platform.
Instead, consider your skills and interests and go from there. For example, if you’re really into tinkering, see if other platforms like Etsy or Ravelry might work better for you. While Amazon is a major online retailer, it’s just one of many ways to explore.