All of us loves to shop, and Amazon is one of the biggest online shopping platforms.
But did you know that you can make money from Amazon instead of spending?
List of ways to make money on Amazon
Quick info, these methods are in no specific order.
Feel free to try out whichever you like and do let us know what you think in the comment box below this article.
Now without any further delay, let’s look at method number 1.
Amazon Trade-In Program
Trade your used items in exchange for gift cards.
Yes, most of us had no clue that we can trade in our used items on Amazon.
But today we are going to walk you through that.
Amazon Trade-In program helps customers to exchange their used items and receive an Amazon gift card.
You may be thinking that it’s just a gift card but think how much you spend on Amazon every year?
These gift cards you get for literally nothing as you are just going to trade in your used items.
And most often you are going to trade the once that are not in use.
The best part is they provide free shipping, and all you should do is check what is the offer and send the item if it’s worth the value.
There are tons of items that you can trade-in, and there are some eligibility criteria.
You can learn more from the frequently asked questions section on Amazon
Now let’s look into another simple and beginner-friendly method.
Who doesn’t want to make some side income?
Everyone wants, and if someone says “No” then they are most likely aliens.
Alright, here is how it works!
Some companies put out the task on Amazon that requires human intelligence.
They call those tasks as HITs.
It’s nothing crazy!
You will just need to do small 5 to 20 minutes tasks like taking surveys, transcription, data entry, information verification, etc.
They don’t pay much, on average you can make a $1 per couple of HITs.
As I mentioned, this doesn’t require a lot of work, and you can do it at your own convenient time.
Amazon makes the payment directly to your bank account, and by this, you are saving some money on the transaction fee as well.
One more information,
I haven’t tried this, but my friends had some issues with HITs getting rejected at times, and that can be annoying.
So please do further research on this before spending your time on this program.
Next is affiliate marketing on Amazon.
This is the most popular opportunity to make money with Amazon, and some people made high income being their associates.
In case you do not know, Amazon pays you anywhere from 1% to 5% commission for the products that people purchase through your referral link.
This is a great opportunity for bloggers.
Especially if you are just starting out as a blogger, you can go with this program.
Personally, I am not a big fan of promoting Amazon products as the commission percentage is meager.
But if you can crack a niche, then you can pocket huge money.
Remember, Amazon is a well know site, and if you refer people, they are most likely to buy because they are used to purchasing from that platform.
One more thing, it is not just you make a commission of what you referred, You earn commissions for all the products purchased within the 24 hours after clicking your referral link.
During season time like Christmas, Halloween, New Year or Amazon big billion days, you can make lots of sales and commissions.
So, all you got to do is send targeted traffic to the offers.
Amazon Kindle eBooks
Do you know to write or know someone who can help you with that?Yes?You have found a new way to make passive income.
Imagine how much money you will make when you can publish one book every month?
It’s not hard as you think, you can even hire someone on Fiverr to do this job for you.
I know people who rewrite PLR eBooks and publish it on Amazon. So, even if you have no idea about a topic, you can efficiently rewrite PLR articles which you can buy for $5 to $15.
This is how many people publish an eBook every week, and those books bring money on autopilot.
See what kind of books are selling well and buy PLR (Private Label Rights) eBooks on those niches, rewrite and publish them as yours.
I have seen one person who has a software that generates mermaid sketches, and he sells different styles of those as eBooks.All those eBooks can be downloaded and printed neatly.
Kids love those sketch eBooks, and it sells like hotcakes.
This is definitely an excellent opportunity to make easy money from Amazon; you just need to do some work in understanding the business model.
Firstly, I would like to mention that this will require a substantial amount of investment from you.
If you are not able to invest at least $3000, then this is not for you.
Here is how it works!
You will have to decide on what you are planning to sell and procure the items from a wholesaler or manufacture it yourself.
After that, you need to list the items on Amazon and send your inventory to the amazon’s warehouse.
Every time someone makes a purchase, you make a profit.
As simple as that.
However, you should understand that you are competing with thousands of other merchants, and to make sales, you need to stand out.
So, see what is working and add your own twist to it.
Also, make sure you do not purchase in huge and try to experiment with things and understand the market.
Because you will end up losing a lot of money. So, always start with a small budget and then scale it up/
Amazon FBA is wholly based on product selection and the selling price.
If you can come up with the right product at the right time with the best price, the sky is the limit.
This is not a passive income business model but has immense potential.
Can you make decent graphics using photoshop?
Or Can you come up with some catchy lines? If yes, then this is for you.
Merch by Amazon is a Print-on-demand service by Amazon.
You will be provided with a plain t-shirt to upload your designs, and if someone buys it, Amazon will print it on your behalf and ship it to the customer.
This model was prevalent during 2017-18, and even now, people are making some good money.
All you need to do is to come up with good designs, create and upload them.
If you can upload one design every day, then you will have 365 plans within a year.
Among those, if few of your designs do well, then you can make some serious money on complete autopilot.
I would highly recommend this business model if you have excellent designing skills.
2020 Update: Currently there are restrictions on how many designs you can upload per day bases on your level.
Save Money using Honey
I thought it would make sense to add a method that can help you save money on Amazon.
Honey is a great extension that will help you to find the best coupons available for the products that you are about to checkout on Amazon.
The best part is, it automatically finds it for you and adds it during checkout.
The honey extension works with most of the latest browsers and online stores.
So you are not just going to save money on Amazon but on other platforms as well.
All you have to do is to enable this extension on your browser and shop using your desktop instead of your mobile application.
This extension will also notify you when there is a price drop, and you can even set a time frame to get alerts.
And you know what?
All these features are entirely free, and it takes just a few clicks to install.
I hope you enjoyed reading all of these different methods to make money from Amazon.
Now, please go ahead and start taking action and be the 10% who make huge money online.
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