14 Proven Strategies on How to Make Money on Amazon

Jungle Scout

Jungle Scout is another popular Amazon seller tool that specializes in product research and keyword research. It offers a range of features to help you build a successful Amazon business.

AMZScout

AMZScout is a tool that helps merchants find profitable products on Amazon. With AMZScout you can find profitable products, track products, calculate Amazon fees and more.

Potential Earnings

The average product makes about $ 1,000 to $ 3,000 net profit per month. However, you can scale your business and make tens of thousands per month.

Pro Tip:

If you’re serious about selling on Amazon, check out Kevin King’s Freedom Ticket. This course usually costs $997. However, if you use Helium 10, you can access it for free.

2. Wholesale Goods

Selling wholesale goods is similar to selling private label products on Amazon. However, there is one difference: You don’t sell your own branded products, but rather the products from other brands. Here are the pros and cons of selling wholesale:

You can find a wholesaler in various marketplaces. The best place to start looking for a wholesaler is alibaba or AliExpress.

Potential Earnings

As mentioned above, selling wholesale products on Amazon is not as scalable as selling private label products. However, you can still make $ 3,000 to $ 4,000 per month.

3. Amazon Flex

Amazon Flex offers you the opportunity to deliver Amazon packages as an independent contractor. In essence, Amazon Flex is a private delivery service that provides you with the chance to earn extra income.

The first step is to download the Amazon Flex app and create an account. Once you’ve done that, you can search for delivery opportunities that suit your schedule. The Amazon Flex app will display available deliveries, expected earnings, and estimated delivery times.

You can utilize the app to pick up packages at an Amazon location, navigate to the delivery destination, and complete the delivery. Amazon Flex pays you twice a week through direct deposit, and you can track your payments using the Flex app.

Amazon Flex disburses payments on Tuesdays and Fridays to the bank account you specified during signup. If you complete a delivery that qualifies for tips, you’ll receive those tips after they have been processed (usually within one to two days after the delivery).

To be eligible, you must:

• Be 21 or older
• Possess a valid U.S. driver’s license
• Own a mid-size or larger vehicle
• Reside in a city where Flex operates
• Have an iPhone or Android smartphone

The benefits:

• Hourly wage of $18 -$25
• Flexible working hours
• Be your own boss

You can find more information about Amazon Flex here.

Potential Earnings

The hourly wage ranges from $18 to $25. Shifts typically last five hours, and several Flex drivers have reported being paid for the full five hours, even if they complete their deliveries more quickly.

Specifically, by working one shift per day, you can earn between $90 and $125. According to Amazon Flex, you can work seven days a week, potentially allowing you to earn between $2,700 and $3,750 per month.

4. Kindle Direct Publishing

Amazon Kindle Direct Publishing (KDP) empowers you to publish your own books on Amazon and sell them without the need for a traditional publisher or a substantial upfront investment. With KDP, you can even generate income without writing a book yourself. You have the option to collaborate with professional authors and secure the rights to their work.

Subsequently, you can offer the printed version of the book through Amazon, where Amazon takes care of the printing and shipping to your customers. In addition to Kindle Direct Publishing, there’s also the opportunity to delve into the world of Audible audiobooks. You can transform your e-book into an audiobook, significantly expanding your potential audience. This option will be explored in more detail later in this article.

Here’s a step-by-step guide for using KDP:

1. Register at Amazon KDP
2. Write your own book or collaborate with an author.
3. Upload your ebook to Amazon KDP
4. Create an eye-catching cover

While exploring KDP, it’s essential to carefully consider the topic of your book. Choosing a subject that’s in high demand but has relatively low competition will increase the likelihood of your book’s success in the marketplace.

Potential Earnings

Many authors make up to $40,000 per month. However, these authors are professionals, have hundreds of books published on Amazon, and regularly write new ones. If you are just starting, you can earn up to $1,500 to $2,000 per month.

5. Amazon Associates

Affiliate marketing is based on the concept that you refer a product and receive a commission for it. This is exactly how Amazon’s affiliate program, the Amazon Associates Program, works: You recommend a product and the customers buy this product through your recommendation.

For example, you can place links or banners on your website and redirect users to an Amazon product page. As soon as a customer buys a product through your link, you receive a commission for it.

You can sign up for the Amazon Associates Program here.

Earning Potential

Depending on the size of your audience, you can make between $500 and $50,000 per month.

6. Amazon Alexa Skills

Alexa is Amazon’s cloud-based voice assistant. Amazon offers a store for so-called Skills, which can be created by third-party developers. Skills are like apps for Alexa and offer additional features like controlling smart home devices, playing games, or communicating with a bank.

As a developer, you can program your own Alexa Skills and sell them in the Alexa Skill store. You can personally set the price for your skill. You get 70 % of the revenue when a customer buys your Alexa Skill; Amazon gets the remaining 30 %. You can sell your skill as a one-time purchase or as a subscription.

Potential Earnings

Potential earnings depend on how many customers you have. For example, Nick Schwab developed an Alexa Skill with 10,000 paying customers.

The average price of a premium skill subscription is $ 0.99 to $ 1.99, which would be $ 9,900 to $ 19,900 per month, if you have 10,000 paying customers.

7. Audiobook Creation Exchange

Audiobook Creation Exchange (ACX) makes it easy to produce and distribute your own digital audiobook. ACX has a large network of professional audiobook producers and provides access to actors and studios that can be rented for a fee.

You can then distribute your finished audiobook on Amazon via an integrated distribution option. Overall, you can earn up to 40% in royalties (see details below).

Potential Earnings

The profit margins on Amazon ACX are somewhat more complex and are structured as follows:

For production by a narrator with a one-time fee:

• 40% if you sell exclusively on Audible, Amazon & iTunes
• 25% without exclusive distribution (you can sell your audiobook anywhere)
• You need to pay the narrator a one-time fee

Production by a narrator without a one-time fee:

• 20% profit margin for you (the rest goes to your narrator)

Own production:

• 40% on exclusive sales on Audible, Amazon & iTunes
• 25% without exclusive distribution (you can sell your audiobook anywhere)

8. Amazon Arbitrage

Running an arbitrage business on Amazon means buying items and then reselling them for a higher price on Amazon. Basically, there are two types of arbitrage businesses on Amazon:

1. Retail Arbitrage: Purchasing items in retail stores
2. Online Arbitrage: Purchasing items through eCommerce

Amazon Arbitrage – Step by Step:

1. Create an Amazon Seller account
2. Download the Amazon Seller app
3. Visit a local retail store like Walmart, Target, or Barnes & Noble or browse online marketplaces
4. Use the Amazon Seller app to scan heavily discounted products
5. Buy any product that will create at least a 10% profit after fees and shipping costs (more information on this later)
6. List your products for sale on Amazon

You should always make sure to you buy products that can be sold for a profit. Basically, your profit margin should be at least 10 %. With Helium 10, you can check the profit margin of every Amazon product.

Here’s a list of stores you can visit to search for products:

• Walmart
• Target
• Kmart
• Meijer
• Lowes
• Staples
• eBay

Here’s a detailed article on how to get started with Amazon Arbitrage on Amazon.

Potential Earnings

Unfortunately, retail arbitrage has become very competitive, and Amazon makes it hard to sell well-known brands. However, you can earn $100 to $2000 per month. OnlineSellingExperiment generated $2 million dollars in total revenue from retail arbitrage products in 2019.

9. Mechanical Turk Program

Amazon’s Mechanical Turk Program (MTurk) is a crowdsourcing platform that allows companies to outsource their processes and tasks to professional workers. This can include everything from simple data research to content creation. Amazon receives a fee of 20% to 45% of the amount requesters pay employees for their work on MTurk.

There are already freelance platforms, such as Fiverr or Upwork, where companies can buy services. With the Mechanical Turk Program, Amazon also jumped on this train and now offers its own crowdsourcing platform. To get started with MTurk, you can click here.

Potential Earnings

According to a survey, Mechanical Turk workers earn an average of $10.65 per hour. Basically, your earnings depend on the number of orders you complete and the time you invest.

10. Amazon Handmade

Are you a creative and talented artisan? Then, you have the opportunity to sell your handmade products via Amazon Handmade. To do this, you need to set up an Amazon seller account and then submit an application to join the Amazon Handmade community.

Handmade is especially suited for artisans in the following categories:

• Accessories
• Crafts
• Baby
• Beauty & Body Care
• Clothing
• Shoes & Handbags
• Household
• Garden & Home
• Jewelry & Watches
• Kitchen & Food
• Pet Supplies
• Sporting Goods
• Stationery & Party Supplies
• Toys

It’s free to join the community, create a store, and offer your products. When you sell a product, Amazon charges you a fee of 12 % of the purchase price.

Potential Earnings

The fees on Amazon are higher than the fees on eBay or Etsy. However, as an artisan, you can reach a much larger audience with Amazon Handmade than you can on eBay or Etsy. How much you can earn depends on the items you sell. Accordingly, no exact sum can be determined here.

11. Amazon Home Services

Amazon Home Services is a network of high-quality service providers. Whether you’re a gardener, a plumber, or a craftsman, Amazon Services connects you with people who need you.

You can offer as many services on the marketplace as you want. The important thing is that customers are willing to buy your services and pay your prices. Otherwise, you can’t earn money with Amazon Services.

Each service provider must be insured and have the required licenses. In addition, all service providers are subjected to a safety check. Customers can get information about the expected costs and a satisfaction guarantee through Amazon.

Potential Earnings

Of course, it depends on how many jobs you do. Basically, Amazon Home Services offers the possibility to earn a solid side income.

12. Amazon Jobs

Amazon employees pick, pack, store, and ship products for Amazon and its third-party sellers. Amazon also offers opportunities for students by providing internships and student jobs. In addition, Amazon regularly advertises job openings in other categories. You can check them out here.

Potential Earnings

Amazon has an average starting wage of $18 per hour. You can apply here to work in an Amazon department store.

13. CamperForce

Amazon founded CamperForce to offer travelers the opportunity to do a job from anywhere and make extra cash. Amazon CamperForce allows you to drive across the country, do a job at Amazon, earn money, and then drive to your next destination.

Amazon CamperForce offers great seasonal jobs at a growing number of Amazon warehouse locations across the United States. You can pick, pack, and ship customer orders in a high-tech and safe work environment. All you have to do is apply, reserve your own spot on the campsite, show up, and make money.

Potential Earnings

Amazon offers an hourly wage of up to $18.50, and Amazon also pays for your RV parking space. Amazon pays you once per week.

14. Merch on Demand

Amazon Merch on Demand is a print-on-demand service that prints your designs on t-shirts, sweatshirts, long sleeve shirts, hoodies, zip-up sweatshirts, tank tops, and pop sockets. You can make these designs yourself or check out these merch designs.

As a Merch on Demand content creator, Amazon handles the production, shipping, and customer service for you. You can sign up for Merch here. Here’s how Merch on Demand works:

1. Submit your design to Amazon.
2. Select a product (t-shirt, hoodie, etc.) on which the design should be printed.
3. Set a price.
4. Amazon approves your design (or not).
5. Customers buy a product with your design.
6. Amazon prints your design on a t-shirt, hoodie, etc., and sends it to the customer.

Potential Earnings

Amazon has set prices (that you can choose from) for each product. Depending on the price you choose, you will receive a royalty between 13% and 37%. You can check out all the prices and royalty fees here.

Conclusion – How to Make Money on Amazon

Earning money on Amazon in 2024 is not just a possibility; it’s a tangible reality. With a variety of strategies and opportunities at your disposal, the Amazon platform offers a diverse array of paths to financial success. In this article, we’ve explored some of the most promising avenues for generating income on Amazon, and it’s clear that the potential is vast.

From becoming an Amazon Flex driver and delivering packages to publishing your own books through Kindle Direct Publishing, Amazon provides a fertile ground for enterprising individuals. The flexibility of many of these opportunities, combined with the potential for substantial earnings, makes Amazon an appealing platform for those seeking to boost their income.

From becoming an Amazon seller to working as an Amazon representative, there are many ways to make money on Amazon. Which is be the best for you depends on your interests and goals.

FAQ – Frequently Asked Questions