Gone are the days when people worried when they wanted to buy something, Nowadays, all you have to do is get on Amazon where you can find almost everything. There is no gainsaying that Amazon is home to a wide variety of products, and no matter what you're selling or buying, there is a category for you. This makes Amazon a fantastic platform for sellers. Another important question that however arises from this is how to make money from Amazon as a seller.
While there are several opportunities to make money selling money on Amazon, maximizing these opportunities require that you know how to make money selling on amazon. Once you get the knowledge you need to get started on Amazon, you get the chance to make money right from the comfort of your home.
Millions of buyers would get to see your product, and with time, you focus on selling the most profitable products. This article would help you find the best ways to make money on Amazon.
You may think that it's too hard to start selling on Amazon because you don't understand anything about how it works. In fact, the platform offers more options than only an entrepreneur's path. Read on and learn some new ways to earn money here.
Amazon offers two basic plans for sellers on its platform: Individual and Professional plans. Both plans cost sellers, although the rates and methods of payment are different. For the Individual plan, you only have to pay $0.99 on every sale you make while the Professional package requires that you pay $39.99 monthly. Once you're done with choosing the seller's plan you want, you can then go on to creating a list of products you want to sell on Amazon.
When choosing what to sell on Amazon, it is important to also consider possible preferences of buyers apart from your preferences. It would be best if you also considered other factors like the associated fees with selling your product and existing competition. This would help you come up with the right business decision.
The Amazon FBA Program
For new sellers, one thing you should look out for on Amazon is the Amazon FBA program. The Fulfillment by Amazon (FBA) program simply helps sellers handle storage, shipping, and other logistics worries associated with a product. It, however, comes at a cost to sellers, so you might want to carry out necessary calculations to ensure you get the optimal profit from your sale.
The Amazon FBA program has over 100 warehouses in the United States. All you have to do is send your products to the assigned center, and Amazon staff would take care of everything else.
i. Private Label Products
One of the advantages of FBA is that it makes it easier to sell private label products. A private label is the process of manufacturing an already existing item, sometimes with modifications, and putting your brand identity materials on it for sale. The process is sometimes referred to as brand-creation or white-labeling.
Private labeling practices have been around for decades, but for individuals, the FBA program makes it much easier as it offers you packaging and storage services.
ii. Selling Wholesale products
Just like with private labels, you can also choose to sell quantities in bulk quantities to other companies who might want to go ahead to brand and sell the items at the retail level. A lot of sellers on Amazon use this option as it removes expenses relating to manufacturing and branding.
Another way to earn with amazon, especially writers, is through the Amazon Kindle direct publishing. The program allows writers to publish their books on Amazon by offering them publishing services.
These publishing services are not only limited to publishing in digital formats as you can also print hard copy paperbacks using the Amazon CreateSpace platform. The only important point to note about this process is that ultimately, the success of your book depends primarily on you as a writer and the reception of your work.
Writers, using Kindle, can make up to $40,000 on Amazon Kindle Direct publishing.
Another approach to making money on Amazon is through the Amazon delivery service. Amazon also offers the opportunity to join its delivery fleet as a driver. Interestingly, you can earn as high as $10,000 when starting.
There are several other ways to earn from amazon, from flipping store-bought product to blogging reviews and shopping guides. If you are looking for an opportunity that allows you to work from home, learning one of these many ways about how to make money with amazon might just come in handy.