Best Proven 5 Methods to Quickly Earn Money Online on Amazon
Amazon ranks the top online eCommerce platform for businesses. If you are an entrepreneur and looking for new sources of revenue then Amazon would be a powerhouse for your business. You will easily make online money on Amazon by implementing the right strategy and efforts.
In this article. you will find the 5 quickest ways to make money online on Amazon. Check out these ways where you can learn how you can do it. Let’s explore.
5 Ways to Make Money on Amazon
Here is the list of best 5 quickest ways to make money online on Amazon:
1. Affiliate Marketing
The best way to earn money without selling is by joining Amazon’s affiliate marketing program. If you have a wider reach of audience via blog, website, or more. Then you have the capacity to make money online. Furthermore, affiliate marketing involves sharing product links in the product category on social media platforms. Further, if people purchase those products through provided links, you earn a commission. Also, it is simple and easy to be a part of affiliate marketing programs and it is lucrative.
Here’s the list of product category commissions according to May 2021. It includes:
- Home & garden, pantry, Pets products: 3%
- Kitchen, Books, and Automotive Products: 4.5%
- Beauty and Amazon coins: 10%
- Music, handmade, Digital videos, groceries, Physical Music: 5%
Having an intelligent software tool—Asinwiser—for online sellers will assist you to run your business in the right direction. Asinwiser.com is an excellent solution that will help you to target your potential audience with its all-in-one features such as brand story, product research, competitor research, profitability calculator, and so on.
2. Sell Services
You have the option to sell Professional services on Amazon and build your income on it. Amazon will help you to connect with your customers and you can offer your services to them. For example, if you can tutor musical lessons to your clients. Moreover, there is no monthly or upfront cost to join the programme. However, you only have to pay a small portion of revenue share. It will be from the completed jobs and kinds of services you offer to your clients. Here’s the list of professional services:
- Business
- Education
- Consumer electronics
- Apparel and jewelry
- Vehicles
- Lawn care and landscaping
- Home maintenance
- Pets
- Events
- Health and beauty
All you need is skill that comes under these mentioned categories. And, you can join Amazon services either as a freelancer or registered business.
3. Whole Seller
Amazon offers a competitive prices market as it provides a network of wholesale sellers. Moreover, sellers can purchase products at a discounted rate as they will buy in large quantities. Then, they can sell those products on Amazon at affordable rates. However, when many wholesale sellers compete with each other then the competition becomes tough. Nevertheless, you can earn money with a small investment and it’s not essential to build a website or advertise as prices are too low.
4. Handmade Products
Customers always have high demand for handmade goods. And, Amazon Handmade is perfect for both customers and sellers. Here you can sell jewelry, clothing, accessories, art, and other handcrafted products. Amazon is the best place for artists and you don’t have to pay any price to them unless you earn on it. Moreover, Amazon provides a wider audience to sell your artisan products. Lastly, Amazon has an application and audit process for artists. This process is to ensure that your products are genuinely handcrafted.
5. Amazon Merch
If you are a designer or artist then Amazon Merch is the perfect platform for you. Even if you are not an exceptional artist or do not have enough resources to produce designs then Amazon Merch has your back. They will help you to turn your dream into reality. Firstly, you have to upload your design and then select color and type. Then your product page will be created for you.
Interestingly, you can simply depend on Amazon for production cost, shipping, and customer services without any hassle. Ultimately, every product that you sell, you will earn money for that. Furthermore, you have to fill an application form for Amazon Merch. Then Amazon will check your application. Also, only a few get selected in Amazon Merch.
Get Ready
Amazon provides sellers and buyers with certain opportunities. The main question arises is how you use that to your advantage. No matter what business you want to invest in, all you need is the right strategy to earn profits from online business with a small investment. Good Luck!
We hope this article will inform you of the right steps to follow for earning money online on Amazon! To make your business a huge success, get in touch with the Asinwiser team today!
Good Luck!