When people think of making money on Amazon, selling products is the first thing that usually comes to mind. But Amazon provides several less obvious opportunities to entrepreneurs to monetize their existing business assets and earn money without adding much more work to their day.
So, what are all the different ways you can make money on Amazon?
And what are the steps you can take to start monetizing your business today?
To learn all about these exciting opportunities, click below to watch the video OR keep scrolling to read the same information written out for you.
Sell Your Physical Products
The first and most obvious way to make money on Amazon is to sell your physical products. This could mean selling something you produce yourself, something you purchase from a manufacturer, or branded merchandise like t-shirts and coffee mugs.
No matter what you sell, if you offer physical products in your business, you need to get them on Amazon. There’s a whole world of hundreds of millions of customers who buy on Amazon, and many of those people, especially those with Prime memberships, hardly shop anywhere else!
So, if you’re selling physical products, you owe it to yourself and your business to try selling them on Amazon. I have a ton of great free resources and trainings on top of my exclusive membership site at Masters of Marketplace. Check us out and find lots of free resources that will help you decide if Amazon is a good move for your business. 9 times out of 10, it will be!
Sell Your Services
The second opportunity to make money on Amazon is to sell your services. Amazon has a whole section where you can list your services for Amazon customers to find.
This is a great opportunity to gain wider visibility for your business. Listing your services on Amazon provides an incredible advertising and marketing platform for you to get your services in front of a huge audience of customers. And it’s awesome for customers because they can compare reviews and find someone great in their local area. Win, win!
There are several services eligible to list on Amazon, including plumbing, house cleaning, even grocery delivery and dog walking. See the link below to see all the different services that you can offer on Amazon.
Learn more here: https://services.amazon.com/selling-services/home.htm
Sell Your eBook, Physical Book or Planner
The third way that you can make money in your business is to sell your eBook, physical book, or planner that you’ve created. If you have one or more of these items to sell, Amazon is the perfect platform to help you get it in front of millions of shoppers.
Amazon started off as just a book platform and has obviously grown exponentially since then; now they sell everything! But if you are an author, there is still a huge market on Amazon for you to sell your products.
You can sell eBooks on the Kindle platform or use Create Space if you’ve written a book that you want people to print out. The opportunity is there, and it doesn’t require much money up front, especially if you use the print on demand service that Amazon offers.
Get Paid to Test a New Design on Amazon
The fourth opportunity for you to make money on Amazon is by utilizing their Merch program. This program, which has only been around for the last couple of years, allows you to upload designs for t-shirts and sweatshirts. With how much Amazon is growing, there will likely be other items that you’ll be able to print on-demand in the near future.
So, if you’re a designer, or if you have a designer on your team, and you want to test a new t-shirt saying or try out a new logo, you can literally just upload the design to your Amazon merch account. Once Amazon approves it, it goes live and people can buy it on Amazon. No upfront costs for any inventory. Your only cost is creating the design or paying someone to design it for you.
Amazon then pays you a royalty for every sale, and customers can purchase shirts with your design any time they’d like. It’s a great opportunity to test out your designs and make some passive income at the same time.
Learn more here: https://merch.amazon.com/landing
Make Commission When People Buy a Product You Recommend
The fifth and final Amazon money-making opportunity I want to tell you about is the Amazon Associates program. This is a way to earn commission on sales by becoming an affiliate of Amazon.
If you are a blogger or social media influencer, or if you send customers to Amazon in any way through an affiliate link you provide, you will make a commission on whatever is purchased through that link. The awesome part of this is that, not only will you receive a commission on the product you were promoting, but also on any other products that customer buys during that transaction.
A typical commission is between 4 and 10 percent depending on the volume. I really love the Amazon Associates Program because it’s great passive income once you’ve set up all your links. Be sure to read the terms and conditions and other great info about becoming an Amazon Associate in the link below.
Learn more here: https://affiliate-program.amazon.com/
Which of these money-making opportunities will you take advantage of?
The five main ways to make money on Amazon are:
- Sell your physical product.
- Sell Your Service.
- Sell your eBook, physical book or planner.
- Get paid to test a new design using Amazon’s Merch program.
- Make commission on products you recommend with the Amazon Associates program.
Amazon has so many great opportunities to make money, even if you don’t sell physical products. Try one or more of these today to start monetizing your business and growing your brand on Amazon!
But if you’re still not totally sure if Amazon is the right fit for you or your business…
Then make sure you watch my free 10 training that will ask you all the right questions to figure out “Should I be selling on Amazon?”.
There are 4 simple items you need to make it work. Click here to find out exactly what those are.
And if you’re ready to dive in and become a master of the Amazon marketplace, I’d love to see you in the Masters of Marketplace Member Site where we discuss all things Amazon all day long. 🙂