Amazon has come a long way in two decades. They’re a young adult in human years, yet, their dominance spreads to all corners of online retail. Amazon’s generating nearly $200 billion in sales annually, kicking ass, and taking names (including Wal-Mart). Their stock is trading near all-time highs with a significant market capitalization.
I’ve been making money on Amazon since 2012 with the self-publishing of my first book. Also, I make some pocket change as an affiliate marketer via Amazon Associates. There are thousands of tales and untold stories highlighting the success people have had on Amazon. Some people have made thousands while others have made millions.
If you’re in business, you should seriously consider how you can leverage Amazon to increase your leads, sales, and profits. They’re a top visited website with tons of traffic and customers. Their e-commerce angle is obvious, but it doesn’t stop there. For example, a consultant can self-publish a book through Kindle Direct Publishing to attract leads and generate passive income.
Ways to Make Money on Amazon
Amazon has created one of the most advanced fulfillment networks in the world, and your business can benefit from their expertise. With Fulfillment by Amazon (FBA), you store your products in Amazon’s fulfillment centers, and they pick, pack, ship, and provide customer service.
Sell your products directly to Amazon and reach millions of customers. You sell them your products, and they take care of the rest—from shipping and promoting to customer service and returns.
Amazon Advantage is a self-service consignment program that enables you to market and sell media products directly on Amazon. Amazon Advantage is designed specifically for publishers, music labels, studios, authors, and other content owners who would like to sell their products through Amazon.
Handmade is a new store on Amazon for invited artisans to sell their unique, handcrafted goods. Amazon launched their handmade marketplace to compete with Etsy and similar platforms.
Merch by Amazon (MBA) is a self-service program designed to help you increase revenue through the sale of branded apparel designed by you and produced, sold, and shipped by Amazon.
Sell your used textbooks on Amazon.
Kindle Direct Publishing makes it fast and easy to independently publish a book for free, and you’ll be able to reach millions of Kindle and Kindle app customers worldwide.
CreateSpace helps you easily create, publish, and distribute a printed book.
The Audiobook Creation Exchange (ACX) gives you control over audiobook production. Connect with a network of leading audiobook producers, or produce an audiobook yourself.
Sell your Android apps on the Amazon App store and reach millions on Kindle Fire, Amazon Fire TV, and select Android devices.
Monetize your apps and games by integrating the Amazon Mobile Ads API, In-App Purchasing API or the Mobile Associates API, which lets you sell physical products in your app.
Sell your HTML5 apps and mobile-optimized websites on the Amazon Web Appstore, which is available in nearly 200 countries.
Every month, developers can earn money for eligible skills that drive some of the highest customer engagement. Eligible skill categories include: Education & Reference; Food & Drink; Games, Trivia & Accessories; Health & Fitness; Kids; Lifestyle; Music & Audio; and Productivity. Developers can also make money with Alexa skills using in-skill purchasing (ISP). With ISP, developers can sell premium content to enrich their Alexa skill experiences.
- Amazon Associates (Affiliate Marketing)
Advertise Amazon products on your site and earn up to 15% in referral fees on the sale of books, music, DVDs, toys, electronics, kitchen, apparel, jewelry, and more.
Reach your customers with display advertising on Amazon. Amazon Display Ads is an alternative to Google AdWords and other popular ad networks.
Promote your products on Amazon with pay-per-click, keyword-targeted ads.
Bring the trusted Amazon payment experience to your website and make it easy for customers to pay. Allow customers to pay through Amazon as you would with PayPal.
Make $18-25/hour delivering packages with Amazon. Be your own boss. Great earnings. Flexible hours. Make more time for whatever drives you.
Amazon Mechanical Turk (MTurk) is a crowdsourcing marketplace enabling individuals and businesses (known as Requesters) to coordinate tasks. Mturk is similar to Fiverr, Upwork, and similar freelance marketplaces.
Service professionals can now offer services on Amazon. Selling services on Amazon allows top pros like assemblers, house cleaners, handymen, and electricians to sell professional services directly to Amazon customers in the area.
AVD helps content creators reach millions of customers. AVD is essentially Amazon’s answer to YouTube. For each title, you can choose to earn royalties based on hours streamed by Prime members, a revenue share for rentals, purchases, monthly subscriptions, and ad impressions.
- Amazon Stock (NASDAQ: AMZN)
Amazon’s stock has done magnificently over the years. I believe Amazon can still grow plenty, but their stock doesn’t pay dividends, which sucks. An aggressive investor profile would make Amazon a suitable investment consideration.
- Work at Amazon
Visit Amazon’s career listings to see what’s available. Perhaps a six-figure job awaits you.
- Create Instructional Content
Many people, including myself, have profited from creating “how-to” blogs and videos about Amazon. For instance, I’ve created several self-publishing tutorials, which generate ad revenue on YouTube.