Make money with Amazon

The Ultimate Guide: Make Money With Amazon In 2021

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Earning money online is not a piece of cake. Many people don't take the issue seriously enough and think they could get rich overnight.

That does not work. And that's the bad news.

The good news is that with hard work you can build an online business that generates solid monthly sales.

If you work hard for it, it will pay off.

Basically there are different ways to build an online business, such as dropshipping, blogging, affiliate marketing and so on.

However, selling on Amazon is still one of the best ways to build sustainable passive income. The eCommerce market has experienced an explosive boom in recent years. According to eMarketer, 2020 is the Growth rate in eCommerce 16.5%.

And if you want to learn how to get in 2020 Earn money with Amazon you are right here.

This guide contains 16 ways to get around in 2020 make money on Amazon.

You will learn here:

  • How can you make money on Amazon?
  • How much money can you make
  • Which tools can increase your chances of success?
  • Much more...

1. Sell private label products on Amazon

Selling private label products on Amazon is one of the best ways to make money on Amazon. But what does Private labeling at all?

Private labeling is an English term and in German it means nothing more than a trademark.

Private label products are products that are manufactured for a specific dealer and then sold under a brand name that is determined by the dealer.

This gives the retailer the opportunity to coordinate certain product features with the manufacturer and create his own brand.

The private labeling trend comes from the USA and is particularly popular with young entrepreneurs who want to build their own brand.

But how can you sell your private label products on Amazon?

The answer to this question is very simple. Amazon offers an FBA service (Fulfillment by Amazon) at. With this service you can send your products to Amazon directly from a manufacturer.

As soon as a customer orders your goods on Amazon, these are sent by Amazon. In addition, Amazon also takes over the complete customer service and all other logistical processes for you. All you have to do is make sure your product is shipped to an Amazon warehouse. For these services you have to Amazon of course pay a fee.

Making your product is easy too. You can direct your products order from Alibaba or Aliexpress and have it delivered directly to an Amazon department store. You can also find a few here Alibaba alternatives.

resources

You need an Amazon Seller Tool if you want to sell on Amazon. Here are by far the best tools:

Helium 10 offers one free plan and you can also take advantage of this 50% discount:

Here are the best blogs for Amazon sellers:

Here are the best guides to get you started:

If you are really serious, you should Kevin King's Freedom Ticket look at.

This course typically costs $ 997.

Witha Helium 10 membership however, you can use the course completely free of charge. You can use this code to get 50% discount:

How much can you earn from selling private label products on Amazon?

There are no limits to the top. The average product brings about € 1,000 to € 3,000 net profit per month. Of course, you can scale your online business and earn tens of thousands of euros per month.

2. Sell wholesale goods on Amazon

Selling wholesale goods is similar to selling private label products. There is, however, a difference: As a seller, you don't sell your own products under your own brand, but the products of other companies.

The advantages:

  • You don't have to worry about manufacturing, branding, certificates, or other tedious tasks.
  • This saves you a lot of time and you can concentrate on the main tasks.

But selling wholesale goods also has a disadvantage.

The competition is much higher.

In addition, this business model is not as scalable as selling private label products. The competition is high and sooner or later you will encounter a limit.

How Much Money Can You Make Selling Wholesale Goods on Amazon?

As mentioned above, selling wholesale goods on Amazon is not as scalable as selling private label products.

Nevertheless, you can earn € 3,000 to € 4,000 per month.

3.Deliver goods for Amazon (Amazon Flex)

A very different approach to make money with Amazon. This is not about selling products on Amazon, but about delivering products for Amazon.

The Amazon Flex program is very simple. First you create a normal Amazon account. With this account you can log into Amazon Flex Sign in. After signing up, you'll need to watch a few videos that show you the best practices. Then you answer a short questionnaire and download the mobile phone app.

As soon as you are accepted as a driver by Amazon, you can start delivering products for Amazon.

The advantages:

  • Hourly wages of up to € 25
  • Flexible working hours
  • You are your own boss

The Amazon Flex app offers you a cool user interface with which you can track your income in real time.

A good way to find out more about Amazon Flex are the Amazon Flex FAQ.

How Much Money Can I Make Using Amazon Flex?

The hourly wage is up to € 25. The shifts usually last five hours. I've heard from various Flex employees that even if the shifts are done faster, they get paid every five hours.

Specifically, you can earn up to € 125 a day. According to Amazon Flex, you can work seven days a week. That would mean that you can earn up to 3750 € a month.

4. Kindle Direct Publishing

Amazon Kindle Direct Publishing (KDP) is a popular way to make money on Amazon.

KDP enables you to publish your own books on Amazon and then sell them on Amazon.

You can even make money with KDP without writing a book. To do this, you hire a professional writer and buy the rights to this book.

You can then later sell the e-book as a printed version on Amazon. Amazon will print the book for you and send it to your buyer.

How to get started with Amazon KDP

First you sign up here Amazon KDP at. Then you write a book or hire someone to do it. You then upload that e-book to Amazon KDP, edit the cover, and you're ready to go.

Of course, you should think twice about what you want to write a book about. The subject matter dealt with in the book should have little competition and a lot of demand.

Of course, such a topic is difficult to find. But please don't write a book on a subject that has been covered a hundred times.

To solve this problem, you can use tools like Helium 10 or Jungle Scout to use. These tools show you how often a book sells and whether it is worth writing a book on a particular topic.

How Much Money Can You Make With Amazon KDP?

There are many writers out there making up to $ 40,000 a month. However, these writers are very professional, have hundreds of books on Amazon, and write new ones on a regular basis.

As a beginner, you can earn around € 1500 to € 2000 per month with Amazon KDP.

5. Amazon Associates (Amazon Affiliate Program)

Affiliate marketing is a great way to make money online. It is based on the principle that you sell a product and receive a commission for it.

This is exactly how Amazon's affiliate program works. You recommend a product and other people buy that product through your affiliate link.

The average margin of the Amazon Affiliate Program varies from approximately 7% to 15%.

Affiliate marketing isn't just about building a website and hoping that people will buy products through your website. There is more to it, such as email marketing, CR optimization, etc ...

Here are the best resources to learn affiliate marketing:

How Much Can You Earn With The Amazon Affiliate Program?

Depending on how big your target group is, you can earn between € 500 and € 50,000.

6. Work as an Amazon representative

According to Wikipedia, Amazon currently employs around 798,000 people (2019). A large proportion of these employees work from home.

So why not earn money from home as an Amazon employee?

How much money can you make as an Amazon representative?

As in any company, your income depends on your position. However, Amazon has a minimum wage of $ 15 an hour. You can do more here Experienced.

7. Amazon Alexa Skills

Have you heard of Amazon Alexa? Alexa is a virtual assistant that can support you in your everyday tasks, similar to Apple's Siri.

There is also one similar to Apple's App Store Store for Alexa Skills. Alexa Skills are special skills that you can buy for your Alexa version.

If you buy an Alexa Skill, your version of Alexa is equipped with this "skill" and you can use it every day.

Here is an example of an Alexa Skill:

With the command "Alexa, open Sleep Sound", Alexa automatically opens the music player and plays music to help you fall asleep.

But how can you make money on Amazon with Alexa Skills?

As a developer, you can program your own Alexa Skills and offer them on the Alexa Skill Store. You can determine the price for your skill yourself.

You get a full 70% of the sales when a customer buys your Alexa Skill. 30% go to Amazon.

It is up to you whether you set a one-off price or whether you ask for a monthly rate.

If you want to develop an Amazon Alexa Skill, then this is this is your first step.

How Much Can You Earn With Amazon Alexa Skills?

It all depends on how many customers you have. For example, has Nick Schwab developed an Alexa Skill with 10,000 paying customers.

The average price of the premium subscription is $ 0.99 to $ 1.99 which is $ 9,900 to $ 19,900 per month.

Converted this is currently (March 2020) around € 8,883 to € 17,856.

8. Audiobooks

We've already talked about making money publishing your own e-books on Amazon KDP. This is about publishing your own audiobooks and making money from them.

From my own experience, I can say that many of my friends listen to audio books, for example while driving, because they want to use the time in the car effectively.

To create an audiobook on Amazon, go to the first place Amazon Audiobook Creation Exchange.

Here you can find professional speakers to produce your audiobook, or you can upload your audiobook yourself if you can create it yourself.

It is interesting that you can either pay the speakers a lump sum for your audio book or share the later profits with them.

How Much Can I Make From Audiobooks On Amazon?

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

When producing by a speaker with a one-time fee:

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

Production by a speaker without a one-time fee:

  • 20% profit margin for you (your speaker gets the rest)

Own production:

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

9. Retail arbitrage on Amazon

Retail arbitrage is based on the principle of buying items offline and then selling them on Amazon for a more expensive price.

For example, you buy a product for € 9 and sell it on Amazon for € 25. After deducting all fees and delivery costs, you make a profit of € 8.

Online selling experiment had total sales of $ 2 million in retail arbitrage products in 2019.

Of course, you can also sell your products on other marketplaces such as eBay. The principle is the same. However, it turned out that you can make the most profit with Amazon.

This is mainly due to the fact that you can reach a much larger target group with Amazon than with other online sales channels.

How can you get started with retail arbitrage on Amazon?

The main steps are defined in the following points:

  1. Create an Amazon seller account
  2. Download the Amazon Seller App
  3. Visit your local retail store, such as a hardware store
  4. Use the Amazon Seller App to scan heavily discounted products
  5. Buy any product that earns $ 3 in profit after fees and shipping costs.
  6. Offer your products for sale on Amazon

Popular Places to Find Retail Arbitrage Products:

  • Remaining stock sales

  • Bankruptcy settlements
  • Hardware stores

Here is a detailed article about Retail arbitrage on Amazon.

How Much Can You Earn With Retail Arbitrage On Amazon?

Unfortunately, retail arbitrage has become very competitive in recent years. In addition, Amazon makes it harder and harder to sell well-known brands. Nevertheless, you can earn € 100 to € 1000 per month.

10. Online arbitrage

Online arbitrage works in the same way as retail arbitrage. The only difference is that you buy your products on Ebay or other e-commerce marketplaces.

You can find a detailed one here Articles on the subject of online arbitrage.

How Much Money Can You Make Online Arbitrage?

Just like retail arbitrage, online arbitrage is difficult to scale. There is also a lot of competition. You can earn € 100 to € 2000 per month.

11. Mechanical Turk Program

The Mechanical Turk Program from Amazon is a crowdsourcing platform that enables companies to outsource their processes to professional workers.

These tasks can include anything from basic data validation and research to tasks like taking surveys, moderating content, and more.

Mechanical Turk enables companies to capitalize on the collective intelligence, skills and insights of the world.

It is common knowledge that the future of work is about to change. Much of this change is being influenced by crowdsourcing.

There are already freelance platforms such as Fiverr or Upwork on which companies can buy services. Amazon has jumped on this bandwagon with the Mechanical Turk program and is now offering its own crowdsourcing platform.

How much money can I earn with the Mechanical Turk program?

Online reports claim that Mechanical Turk workers can expect to make between $ 6 and $ 10 an hour.

12. Sell your products on Amazon Handmade

Are you creative and technically gifted? Amazon Handmade enables artisans to reach a huge audience and sell their products all over the world.

The advantages:

  • A craft application and audit process to ensure Amazon is building a real craft business.
  • Participating in Amazon Handmade, creating your shop and listing your products is free.
  • Your craftsman profile has a custom URL so customers can easily find your shop.

The disadvantages:

  • When selling, Amazon Handmade deducts a referral commission of 15%.

How much money can you make with Amazon Handmade?

The fees on Amazon are higher than the fees on eBay or Etsy. However, as a craftsman, you can reach a much larger target group with Amazon Handmade.

Amazon Handmade even offers the possibility to advertise your products with sponsored ads.

Unfortunately, I have no personal experience with Amazon Handmade, so I can't tell you exactly how much you can earn.

I recommend reading these articles to learn more about Amazon Handmade:

13. Work in an Amazon warehouse

Amazon employees pick, pack, store and ship products for Amazon and their third-party sellers.

Working in an Amazon warehouse is a tough job, but the pay is reasonable.

Amazon has a minimum wage of $ 15 an hour. To work in an Amazon department store you apply here

14. Merch by Amazon

Are you creative Do you have great design skills but don't want to put money into realizing your ideas?

In that case you should Merch by Amazon look more precisely.

Merch by Amazon is a print-on-demand service that prints your designs on t-shirts, sweatshirts, long-sleeved shirts, hoodies, zip hoodies, tank tops and pop sockets.

Merch by Amazon works as follows:

  1. Submit your design to Amazon.
  2. Select a product (t-shirt, hoodie, etc.) to have your design printed on.
  3. Set a price.
  4. After Amazon approves your design, a listing will be created for your product.
  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.

How much money can you make with Merch by Amazon?

Amazon has predefined prices (from which you can choose) for every product.

Depending on this price, you will receive a license fee between 13% and 37%.

All You can read prices and license fees here.

Summary

From setting up your own business to working as an Amazon representative, there are many ways to make money on Amazon.

Most likely, there are even more options than the 14 mentioned in this article. Still, this list should point you in the right direction.

To wrap up this article, here's an overview of the best ways to make money on Amazon:

  • Sell ​​private label products on Amazon
  • Sell ​​wholesale goods on Amazon
  • Deliver goods for Amazon
  • Kindle Direct Publishing
  • Amazon Associates
  • Work as an Amazon representative
  • Develop Amazon Alexa Skills
  • Sell ​​audiobooks
  • Retail arbitrage
  • Online arbitrage
  • Mechanical Turk program
  • Sell ​​your products through Amazon Handmade
  • Work in an Amazon warehouse
  • Merch by Amazon