20 Practical Ways to Make Money on Amazon in 2024

Wholesaling on Amazon involves buying products in bulk at discounted prices from authorized distributors or manufacturers. You can then resell these items on Amazon, potentially at a higher price than individual retail stores. This method offers the benefit of lower per-unit costs due to volume discounts. Although, its requires a larger upfront investment and storage space for your inventory. You’ll also need to find profitable products and ensure you can compete with other sellers on Amazon.

Drop shipping on Amazon allows you to sell products without holding any inventory yourself. You partner with a  supplier who stores and ships products directly to customers after you make a sale on Amazon. This frees you up to focus on marketing and customer service. Although, it can lead to lower profit margins since you need to account for the drop shipping supplier’s fees on top of Amazon’s selling costs.

Amazon Handmade caters to artisans and small businesses crafting unique, handmade goods. So, after Amazon ensures that the product authenticity, you can sell directly to Amazon’s vast customer base on a dedicated platform. There are no listing fees, and with a competitive 15% commission per sale. Thus, you can turn your passion into profit while building a brand and customer loyalty through a customizable shop profile that showcases your story and creations.

The Amazon Associates program is a popular way to monetize your content by becoming an affiliate marketer for Amazon’s vast product selection. You can sign up for free, get unique tracking links for any product on Amazon, and promote them through your website, social media, or even videos. Whenever someone clicks your link and makes a qualifying purchase within a set timeframe, you earn a commission on the sale, offering a chance to turn your influence or audience into a revenue stream.

The Amazon Influencer Program lets established social media personalities ( YouTubers, Instagrammers etc.) with engaged audiences leverage their influence to promote Amazon products and earn commissions. By creating high-quality content like reviews, tutorials, or livestreams featuring Amazon products, influencers can link directly to those products within their content. When viewers click the links and make qualifying purchases, the influencer earns a commission, offering a way to monetize their content creation and provide a trusted shopping experience for their followers.

If you’re looking for a flexible way to earn on Amazon, Amazon Flex allows you to sign up as an independent delivery driver. You’ll use the Amazon Flex app to choose your delivery blocks by the hour, pick up packages at designated Amazon locations, and deliver them to customers. You’ll get paid based on the block duration and potentially more for heavier deliveries, with the chance to earn tips on top of that. This option offers the freedom to choose your schedule and be your own boss, but keep in mind you’ll need to cover your own vehicle expenses.

Declutter your home and turn unwanted items into shopping sprees! Amazon’s Trade-In program lets you exchange your old electronics, video games, books, and more for Amazon gift cards. Simply provide details about the condition of your items and get an instant quote. If you accept, Amazon will send you a free shipping label and you’ll receive a gift card after they receive and assess your items. It’s a great way to breathe new life into your old possessions, get some cash back, and stock up on all the exciting things Amazon has to offer.

Fulfillment by Amazon (FBA) lets you leverage Amazon’s massive storage and fulfillment network to streamline your e-commerce business. You send your products to Amazon warehouses, and they take care of picking, packing, shipping, and customer service for a fee. This frees you up to focus on sourcing products, marketing, and growing your sales. FBA also unlocks benefits like faster delivery options (including Prime two-day shipping) which can attract more customers and boost your sales on Amazon.

The term “Amazon Publishing” is actually an umbrella term encompassing several ways to make money through content creation and sales on Amazon. This includes Kindle Direct Publishing (KDP) for self-publishing ebooks and earning royalties, Amazon Associates for promoting others’ books and earning commissions, and Merch by Amazon for creating and selling custom t-shirts and apparel with royalty payouts. So, Amazon Publishing allows you to profit by leveraging Amazon’s platform for either your own creative works or by curating and promoting content from others.

By building Amazon Affiliate Niche Websites, you can create a targeted online presence centered around a specific topic. You’ll fill your website with informative content like product reviews, buying guides, and comparisons, strategically incorporating affiliate links for relevant Amazon products within your content. When visitors click your links and make qualifying purchases on Amazon, you earn a commission. This method leverages your niche expertise to attract a dedicated audience and convert their interest into Amazon sales through valuable content.

The term “Amazon Merchants” is a broad category encompassing various ways to sell products directly on Amazon’s marketplace. This includes popular methods like private label selling (creating your own brand on manufactured products), wholesale (buying products in bulk for resale), and retail arbitrage (finding discounted items to resell for profit). There’s also drop shipping (partnering with a supplier who ships directly to customers) and Amazon Handmade for selling handcrafted goods. By becoming an Amazon Merchant, you can leverage Amazon’s vast customer base and fulfillment options (like FBA) to reach a wide audience and potentially earn profits through product sales.

While there isn’t a direct way to earn cash as an “Amazon product tester,” some programs incentivize product reviews with free or discounted items. You can try Amazon Vine (invitation-only), reviewer websites offering products in exchange for reviews, or influencer programs where brands may send products for promotion. However, the main benefit here is acquiring the product itself, not necessarily generating a large income.

Amazon Video Direct (AVD) allows creators and filmmakers to upload their video content directly to Amazon Prime Video. You can earn money through several methods: renting or selling your videos outright, offering them for free with ads (earning a share of ad revenue), or even through a subscription channel program. AVD gives you control over pricing and distribution, making it a platform to potentially reach a large audience and monetize your video creations.

By utilizing Amazon Advertising and its tools like Sponsored Products and Sponsored Brands, sellers can pay to increase the visibility of their listings on Amazon. These targeted ads appear on search results pages and product detail pages. They reach potential customers who are actively browsing for products. When someone clicks on your ad and makes a purchase, you pay Amazon a fee. This allows sellers, especially those with new or lesser-known brands, to drive more sales on the platform.

With this arsenal of 20 strategies at your fingertips, you’re well on your way to turning Amazon into a lucrative venture. Whether you choose to build your own brand or leverage the power of affiliate marketing, the key lies in identifying your strengths and tailoring your approach. Remember, Amazon is dynamic, so stay informed, continuously adapt, and most importantly, take action! With dedication and a strategic plan, you can unlock the full potential of this vast online marketplace.