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Amazon is probably a big part of your life as a buyer. The company seems to carry almost anything you could want from multiple retailers. You can simply sit down on the sofa and order your groceries, clothing, business supplies, sporting goods and so on. And, using Amazon is simple. Some purchasing from Amazon can be done in one click, with products often delivered in two days or less. In some areas, groceries will arrive in hours.
You should not think of Amazon as only a place to spend money. It offers you great opportunities to sell products and services as well. As a seller, you can make a significant profit each month by using one of multiple methods. With a business plan and some hard work, you can quickly master ways to make money on Amazon.
Private label sales are an excellent way to make Amazon’s organization work for you. You can create a private label by manufacturing existing products that you improve or put your personal stamp on. Then, you add your own branding, including logos and sell it using Amazon’s FBA (Fulfillment by Amazon) program. That way, you get amazing consumer exposure and never have to ship your own products.
Amazon’s FBA also offers other advantages such as:
You do not have to be experienced to begin selling. Amazon walks you through all the steps necessary to begin offering your private label on its platform. That’s a huge competitive advantage that often leads to big sales. In fact, over half of Amazon Private Label sellers make at least $50,000 in sales each month.
You can also make money by selling wholesale products that are produced by other companies and sold to you in bulk. As with private label products, you then sell them on Amazon’s FBA program without having to either produce or brand them.
Competition is stiff in this area, with many sellers forced to sell their items at low prices, but you can still make around $3,000 – $4,000 each month.
Amazon’s Mechanical Turk (MTurk) is a crowdsourcing marketplace that allows companies to outsource simple virtual tasks to those who sign up for the program. Employers who rely on computers still need human help for some of their work and you can make money by completing it.
Participating in MTurk is simple – just sign up online and choose which jobs you want to complete. You may be asked to take surveys, validate data, complete transcription or perform some research. Once you are finished, you submit your work for payment. This service allows you to make extra money on your own schedule.
Amazon has begun selling professional services on its platform, so if you have certain skill sets, you can make money in that way. Currently, you can qualify for this program if you offer product assembly, product installation, handyman services and more.
Customers often request these services after they buy a product from Amazon and need help with installation or with getting their product to work. These buyers will pay for the convenience of finding this help on Amazon.
In some areas, you can make money by becoming a delivery driver for Amazon through their Flex program. Much like a food delivery service, Flex drivers download an app and pick up the merchandise to be delivered. This service is not available in all areas; however, so you’ll need to do your research on local opportunities.
Before Kindle, self-publishing a book was an involved process that required finding a vanity publisher to produce hard copies which you then had to market and distribute yourself. Now, anyone can create, publish and sell their work on Amazon by using the Kindle platform. You can completely handle all of the work on your own, including designing a cover and formatting the book, or you can pay someone to help you with these design aspects. You set the prices for your work and can promote it through social media and by urging people to post reviews on Kindle.
Authors can make a comfortable income by self-publishing, especially if they are consistent with their efforts and find a niche for your work. Some writers make it big by using this method. Perhaps the best example of self-publishing success is E.L. James, author of 50 Shades of Grey.
If you are like many people around the world, you spend plenty of money on Amazon, but you can alter that process so that you are receiving money from the site. You can become a seller of your own private label or of wholesale goods. Doing so involves an initial investment, but many people profit handsomely from establishing their own virtual sales company.
If you prefer to offer a service, Amazon can still work for you. You can perform specialized services or become a worker for easy virtual tasks. Finally, if you have writing ability, you can publish your own work on Amazon and sell it there.
Sometimes, it feels as if Amazon is taking over the world. While that is an exaggeration, you can earn a living from the platform and also buy much of what you need from it – both without leaving the comfort of your own home. Amazon can be an important part of your earnings plan.