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How to Start Making Money on Amazon

By MicaR | Online Venture | 21 Feb 2024


 

In order to make money on Amazon, you do not have to be an employee on Amazon, the company allows you to make money through a lot of methods and most of the methods are completely free.

 

Different Ways to Make Money On Amazon

Some of the common ways to make money on Amazon are:

Affiliate Marketing: One of the most common ways to make money on Amazon is through Affiliate Marketing. You can join for free. How much you can earn entirely depends on your digital marketing skills to generate sales.

mTurk: This is a micro job program from Amazon. The program is not available world wide. Check if it is available in your location and start doing small tasks to make money absolutely free.

Amazon Merch: Amazon Merch is a Print-On-Demand service from Amazon. You can join for free and you pay only when you generate sales. By using this program, you can sell your designed items such as t-shirts, mugs, stickers, etc. through the Amazon marketplace.

KDP: Kindle Direct Publishing is a free book and ebook publishing platform on Amazon. By using this program, you can publish books for free and sell your books and ebooks on Amazon to make money.

FBA: Fulfilled by Amazon is a selling program from Amazon that allows indie businesses and small and medium business enterprises to sell through the Amazon warehouse. In order to sell through this program, you are required to send your products to the Amazon warehouse.

Amazon Associate

There are a lot of ways to make money from Amazon, and the easiest one and maybe the most popular one is Amazon associate program. Amazon has an affiliate program called Amazon Associates. You don't need a website to promote Amazon products. There are a lot of affiliate networks you can try but I suggest Amazon Associate, not because it is easy to generate sales with Amazon or because Amazon offers the best commission, it is because Amazon is a bigger company and people shop with confidence on Amazon and they are never cheated on Amazon. With affiliate networks like Linkshare and Commission Junction, any Tom, Dick, and Harry start affiliate marketing their products and stores your visitors might not buy the product because the store or the business is not well known (would you buy from any store that is unknown to you?). For Affiliate marketing with Amazon, you need to be a good digital marketer.

Amazon Kindle Direct Publishing

You can make money from ebooks in two ways, one by ghostwriting ebooks and selling your Author rights, two, publish on your byline on book publishing platforms like Kindle, Smashwords, etc. and earn money when books sell. Both of these methods are easy as long as you have the skills to write and sell ebooks.

Write an ebook on a topic that is in demand. Publish this ebook on Amazon Kindle Direct Publishing. See how passive income starts building. However, before you can make money from ebooks, you need to market your book well (including paid ads), your book should also be professionally written and edited.

On Kindle, you don't sell books for pennies. Kindle suggests you price your book at least $3 and you will earn 70 percent of your cover price which means you will earn $2.10 per book. Isn't that amazing? I am giving an example of earning on the lowest-priced book. Don't make a hasty comment

In order to become very successful with KDP, you either need to be a good writer or have the money to hire a good writer to ghostwrite for you. You also need to become a good marketer to drive sales.

Fulfilled By Amazon

FBA is a business model where Amazon allows indie sellers to use the Amazon platform to sell items. It is free to use, you give commission to Amazon only when the products are sold. You also do not have to take pain for shipping as Amazon will handle everything on your behalf. Sadly, FBA is not available every where.

I have not tried Amazon FBA because the program is not available in my location. However, I know what FBA is and how it works. FBA or Fulfilled By Amazon is a program from Amazon for sellers who want to sell their products under the flagship of Amazon. FBA allows you to sell your products through the Amazon brand.

By the way, you can also try selling via Amazon. Selling on Amazon is called Fulfilled By Amazon and is a little bit more complicated than selling on eBay as you are required to send your products to the Amazon warehouse.

KDP Vs FBA: Which is Better?

KDP or Kindle Direct Publishing is a free publishing platform from Amazon where you can publish ebooks as well as paperbacks for free. The books published under the KDP program will be available for purchase in less than 24 hours on the US Amazon store as well as other regional Amazon stores, Amazon UK or Amazon Japan, for example. Generally speaking, you do not have to spend any money to make money through this method (KDP even offers a free cover creation tool which saves you money to hire a graphic designer for your book cover), however, you might have to run ads to generate sales.

FBA or Fulfilled By Amazon is a program offered for indie businesses to sell through Amazon. Unlike KDP, which is available globally, FBA is available only in those countries where Amazon has regional offices or warehouses. That’s because you are required to send your products to the Amazon warehouse in order to sell through FBA.

So, KDP is a clear winner.

How to Make a Lot of Money On KDP

You can publish your ebooks for free on numerous platforms, however, Kindle Direct Publishing, a free self-publishing program from Amazon is the best. That's because you can publish ebooks as well as paperbacks for free, your books and ebooks will be available on the Amazon store, which happens to be the world's biggest online store, and you can earn up to 70 percent royalty on your ebooks. KDP even has a cover creation tool so you don't need to hire a graphic designer to design a cover for your book.

KDP stands for Kindle Direct Publishing, which is a self-publishing program for writers. KDP allows you to publish ebooks as well as print books.

If done correctly, Amazon KDP can bring you a lot of money. How much money, you might want to know, right? Well, you can expect $5-$10K every month. You can make that kind of money even if you lack writing experience.

First and foremost, you need to find a micro-niche or sub-niche. Gardening is a niche, however, how to grow roses is a micro niche. Cooking is a niche, however, different ways to cook eggs is a micro niche.  The micro niche you choose should not already have a lot of books already published, it should also be something that is in high demand.

The second step is to write and publish the book. If you know how to write, you can start writing. If you don’t know how to write, you can hire a ghostwriter through Fiverr and Upwork. However, before you start writing or hire a writer, you need to follow a couple of things.

The third step is to publish more books. You need to have a lot of books, something like 20 or 30 books, published to bring sizeable income.

Best Ways to Earn from Amazon

One of the most common ways of making money from Amazon is through the Amazon Associate program. This is free to use, you don’t need a website, but you can make really good money if you can market and sell products. However, this is one of the most competitive methods because a lot of people are using this method and it is really difficult to generate sales.

Selling ebooks is comparatively easy provided you have written a lot of ebooks on micro niches and you have done SEO and digital marketing. You might also have to spend money on ads but if you target your ads properly, you will easily generate sales through ads.

Amazon Merch is another good way to make money from Amazon. However, in order to sell merch, you need graphic designing skills, SEO skills, and digital marketing skills.

Not many people know, but Amazon has a micro job platform called mTurk. It is not available in all locations but if you can use it, you will be making easy money by doing micro-jobs.

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MicaR
MicaR

Web Designer and Content Creator


Online Venture
Online Venture

A blog on Business, Finance, and Making Money Online. The blog offers useful and interesting articles on how to start and run a business and how to make money online.

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