How to Make Money on Amazon In 2021
Undoubtedly, Amazon is one of the biggest marketplaces allowing sellers to sell their products online. Moreover, it has made it easy for buyers to find the right product of their choice. By selling the right products to the right people at the right time, you can maximize the revenue of your business.
However, apart from the marketplace, Amazon has emerged as a pool of opportunities for the people. Be it a professional or consumer, it covers all. Moreover, many people around us always keep on asking – How to make money on Amazon? But there comes a question, can you do so except selling your products?
Obviously, you can.
There are multiple ways to make money with Amazon. Here in this article, we’ve rounded up a list of the top 8 proven tactics to help you to start earning.
Let’s dive in;
Optimize your Product Listing
Product listing optimization can help you to drive huge traffic and sales towards your Amazon business. You need to optimize it for relevant and profitable keywords.
However, it includes
- Product Title Optimization
- Product Description Optimization
- Adding Reviews to improve listing
- Image Optimization by adding ALT Tags
- Product Rating
- Adding Product Key Features in Bullet Points
In this way, you can boost conversion rate and improve CTR ( Click-through-rate) in Amazon search results. However, If you are a beginner and just started on Amazon, then the right Amazon account management services can help you to grow your revenue and sales.
Another way to make money on Amazon is dropshipping. Not to mention, it helps sellers by saving a lot of time and money. How? Basically, it is the outsourcing of products by sellers from a third party. They don’t need to worry about managing and storing inventory. Whenever a customer makes an order, sellers fulfill sales by passing it out to suppliers ( who will ship and deliver).
As mentioned earlier, in dropshipping you don’t need to keep your own inventory. So, it offers low startup costs and is considered as one of the best ways to make money on Amazon.
Utilize Amazon Merch
Amazon Merch aka Print on Demand services is great for designers and creators. It helps to make money on Amazon by customized designing apparel products. However, It’s quite easy. All you have to do is to design a t-shirt and submit it with a set price at which you want to sell.
Moreover, you really don’t need to pay anything to start selling on Amazon. From printing, packing, to shipping, Amazon itself takes complete responsibility. It is a great opportunity for bloggers, influencers, or the ones who already have a customer base.
Start Wholesale Selling
Another effective way to make money on Amazon is wholesale selling. It is the practice of purchasing bulk stock from a manufacturer or supplier and then selling to consumers.
Moreover, there are many benefits associated with wholesale selling like
– Easy to start
– You can sell products of established brands
– Offers scalability
– A continuous revenue stream
By finding the right products, you can open up the doors of huge sales and revenue for your business. However, it comes with a competiton. So, you need to come up with a competitive pricing strategy. To get better, you need to perform better on wholesale selling. Always do the right and relevant research before choosing products or suppliers.
Amazon Affiliate Program
Many people ask how to make money with Amazon without selling anything. And that’s where the Amazon Affiliate Program comes in. It helps bloggers and content creators to make money through a referral link. Whenever a customer makes a purchase through that link, they will get paid by Amazon.
Additionally, even if a customer buys any other product from the link you’ll get the commission. All you have to do is to sign up for an Amazon affiliate program. Moreover, if you already have a blog website and enough following, then it’s for you. By optimizing your page for relevant keywords, you can drive maximum traffic and ultimately revenue.
Start Selling Private Label Products
Amazon private label is another way to make money on Amazon. In this technique, you buy products from manufacturers and sell & market them through your own label. It has seen a significant increase in revenue in 2018. However, it takes a lot of time to see desired results.
Selling through a private label involves some steps that include creating an Amazon seller account, finding products and the right suppliers. Furthermore, the best thing about it is it offers less competition, no brand restrictions. But it is associated with a high starting cost and high risk.
Sell Services through Amazon Services
Amazon is known for purchasing and selling products. However, do you know you can also sell your professional services on Amazon?
Through the Amazon services platform, you can reach a wider audience and community. It offers two options – offer-based and claim-based jobs. Moreover, it is a great option to scale your business on Amazon. You can also avail professional amazon account management services. Like other marketplaces, it doesn’t have any upfront cost. Furthermore, there is a wide range of services available to choose from like driving key inputs, amazon listing optimization, and much more. Go find and start to earn money on Amazon.
Earn by writing reviews in Amazon Vine Program
Did you know you can get benefits from Amazon by writing product reviews? Yes, by joining the Amazon vine program, you can achieve your revenue goals. However, it is basically a program designed where top reviewers are asked to give honest and right reviews.
The people involved in this program are loyal and trusted reviewers. However, you don’t get incentivized or get any cash. But, it sends your free products to give reviews in exchange.
However, we hope this article has helped you in finding the right technique to start making money on Amazon. You may get to know about the power of Amazon. Not to mention, it has unleashed a lot of opportunities to help people to earn money with Amazon. Apart from these eight ways, there are plenty of other options as well. Craft your goals and find the right way according to them.