How to Make Money while Selling on Amazon

1. Sell With Amazon FBA

FBA stands for “fulfillment by Amazon.” This is one of the best ways to make money through Amazon. You put a private label on a product and make sale through FBA.

 Private label is a process of manufacturing a pre-existing item putting your branding and logos on it, and selling it to consumers.

FBA is able to put some force of amazon distribution behind your product. It is also able to deliver your products within two days. This is how you earn money by listing your products on Amazon.

One of the ways to sell products on Amazon is through Alibaba. Once you identify the product to sell, you can put a private label with unique branding.

Register as an Amazon seller and then send your product to amazon so that they can distribute it for you. at this point you can wait for customers to buy. Once they buy directly from Amazon platform, Amazon will do the delivery.

You realize, it is easy to make money through FBA. If you can get goods at lower prices and sell them at a markup price.

2. Retail Arbitrage

Retail arbitrage is essentially the process of buying inventory from local retailers and then selling them on Amazon for a profit.

Go to your local Walmart, Target, etc. and search for discounted products. Then simply list those items on Amazon with a markup.

You could also consider online arbitrage. Buy directly from these websites and benefit from free shipping. But usually, the best discounts are found in-store. Ebay is another good source for finding cheap products to sell.

3. Publish Your Own Book

Amazon Kindle Direct Publishing (KDP) allows you to publish your own books on Amazon. It takes less than five minutes to publish, your book will be available on Kindle stores across the globe in 24-48 hours. Amazon lets you set your own prices for self-published books. You’ll earn up to 70% of royalties on Kindle sales.

You can also make changes to your content at any time.

4. Sell Wholesale products on Amazon

It involves purchasing products in bulk and sell them using Amazon’s FBA network. It is similar to private labelling except that, in wholesale selling you sell other companies’ products. Therefore, there is no need of branding the products.

This is a B2B marketplace on Amazon. It provides business customers with special prices and the convenience of shopping with Amazon.

As a seller in the Amazon Business marketplace, you’ll have unique business features. For example, you’ll have the ability to accept requests for quotes. Amazon allows you to display different quality and diversity certifications on your page as well.

5. Online arbitrage

From this, you buy products on Amazon from other e-commerce stores’ versus buying products in-store as you would with retail arbitrage. 

With retail arbitrage, you’re limited to physical stores in your area but with online arbitrage, the possibilities for purchasing inventory are nearly endless. There are opportunities to flip products from many online retailers such as eBay, Walmart, Target, CVS, Home Depot, and so on.  

6. Sell Under Amazon’s Private Brands

It is a program that work as an incentive for manufacturer to create more innovative products. Once you produce a product, you sell them on Amazon as a private brand supplier.

Amazon guides you through the entire onboarding process, providing you with useful tools to create your brand. You’ll also benefit from a suite of marketing support.

If you’re unsure about what types of products will perform well, Amazon can facilitate product testing and customer feedback.

For those of you with direct access to manufacturing, becoming an Amazon Accelerator brand can be a great way to make some cash with substantial margins through this marketplace. 

7. Sell your Handmade Goods

There is a high demand for handcrafted goods. If you’re crafty and have a passion for making things at home, you can join Amazon Handmade.

Sellers from more than 80 different countries are selling handcrafted products via Amazon.

Amazon has an artisan-only application and audit process. This ensures that the products are genuinely handcrafted.

The pricing for handmade sellers is very straightforward. There are no hidden fees or listing fees at all. You’ll just pay a 15% referral fee to Amazon for each sale made. 

8. Create Custom Merchandise with Merch by Amazon

Do you have a clever design idea for a t-shirt or a coffee mug? Don’t have the resources to produce hundreds or thousands of these on your own?

Merch by Amazon can turn your idea into a reality.

All you have to do is upload your design. Then simply select a product type and color.

Amazon will create a product page for you. They’ll also take care of all production, shipping, and customer service. You’ll earn a royalty for every product sold that you designed.

There are no upfront costs to join Merch by Amazon. But you will need to fill out an application to be considered for the program. Not everyone will qualify.