9 Smart Ways to Make Money on Amazon in 2022
If you're an online business owner, there's a good chance you're selling on Amazon. After all, it's the largest eCommerce platform globally, and it's only getting bigger. But what will Amazon look like in 2022? How will online sellers make money on Amazon, then? Here are nine predictions for how to make money on Amazon in 2022. Keep reading to learn more!
These are the nine tips on how to make money on Amazon:
9 Ways to Make Money With Amazon
Amazon offers many money-making opportunities for entrepreneurs and small businesses. With Amazon's global reach and extensive logistics network, you can sell products or services both online and physically through their platforms. Here are 9 proven ideas to earn with Amazon in 2022:
1. Sell Private Label Products
Creating your own branded products to sell on Amazon through their Fulfillment by Amazon (FBA) program is a popular business model. Around 67% of Amazon sellers use this "private label" method. Consider researching profitable niches, sourcing quality manufacturers, and creating unique brands that stand out.
2. Self-Publish Books
Amazon's Kindle Direct Publishing (KDP) platform allows you to publish eBooks and print books. While success often requires releasing several books, a few best-selling titles can generate significant royalties. Focus on popular genres and leverage promotions to gain traction.
3. Sell Wholesale Goods
Purchasing inventory in bulk to resell on Amazon eliminates issues with manufacturing and branding. However, competition can be fierce on pricing. Target high-demand products with healthy margins and emphasize value-added services like fast shipping to stay competitive.
4. Deliver Packages
Becoming an Amazon Flex delivery driver provides quick cash flow around your schedule. You use your own vehicle to deliver packages in your neighborhood. All you need to get started is signing up on the Amazon Flex app and passing a basic background check.
5. Work Remotely as an Amazon Employee
Amazon employs over 650,000 people globally, with many working flexible remote jobs across areas like customer service, tech support, and business development. Browse their job board for openings suited to your skills and experience level.
6. Perform Micro Jobs
Amazon Mechanical Turk is an online platform that pays people to complete simple "human intelligence" tasks like data verification, research, surveys that are still challenging for computers. It serves as a convenient side income stream for spare time.
7. Sell Handmade Goods
Artisans and craftspeople can directly market their unique, handmade products like jewelry, home goods, art, and more to Amazon's customer base through Amazon Handmade. You handle production and shipping, so ensure you can support sales volume.
8. Design Merchandise for Print-on-Demand Sales
Merch by Amazon allows you to upload designs for products like t-shirts that they handle printing and shipping when someone places an order. As sales come in, you earn a commission. Use trending themes and optimize listings for discovery.
9. Dropship Products
Dropshipping allows you to list products for sale online without actually stocking inventory. When an order comes through, you purchase the item from a third-party supplier and have it shipped directly to the customer. Choose suppliers carefully and focus on high-margin products.
Get Started Making Money on Amazon Today
Amazon's marketplaces and expansive logistics create immense opportunities for entrepreneurs, small businesses, creators and beyond. With the right product or service and some strategic effort, you can leverage Amazon's platforms to build a lucrative business or side income stream. Consider the options above and start turning your ideas into income today.
Recommended: What Is the Best Way to Sell on Amazon Without an LLC?
FAQs
What are the most popular ways to make money on Amazon?
The most popular and proven ways to earn on Amazon include selling private label products, self-publishing Kindle eBooks, selling wholesale goods, package delivery services, merch by Amazon and more. Many leverage Fulfillment by Amazon (FBA) to scale successfully.
How much money can you make selling on Amazon?
Income potential varies widely based on factors like your business model, effort level, and market conditions. Many entrepreneurs are able to generate anywhere from a few hundred to over $100,000 per month on Amazon.
Is it easy to make money on Amazon?
It takes significant strategic effort and commitment to build a profitable Amazon business. But with persistence and leveraging Amazon's immense scale and resources, major success is possible, especially if you identify and execute on an opportunity not oversaturated.
What sells best on Amazon?
Some of the best-selling categories on Amazon include electronics, books, apparel, toys, kitchenware. But almost any product with consumer demand can sell if priced right and marketed well. Research tools can help uncover niche opportunities with low competition.
Can you make passive income on Amazon?
Some Amazon models like self-publishing books or creating merch by Amazon shirts can earn passive royalties over time. But most Amazon selling requires active effort to source inventory, manage listings, provide customer service to succeed.
Is dropshipping profitable on Amazon?
Dropshipping can be quite lucrative on Amazon by letting you sell hot products without holding inventory, but you need excellent supplier relationships for sufficient margins and reliability. Thorough vetting of suppliers is a must to reduce issues.
What skills do you need to earn on Amazon?
Key skills include product research, listing optimization, marketing, branding, customer service, supply chain management and data/analytics. Many skills can be learned over time through Amazon seller courses and experience.
