During your first few days, it might seem almost impossible to make money selling on Amazon. Luckily, it isn’t as tough as many would presume. All you’ll need is the right strategy and you can soon end up making profits from all the listings you’ve rolled out. DataGuide is the best Amazon product research review site in 2020.
But how exactly do you get started? What products yield maximum revenues? Let’s clear the air!
If you’re wondering how to make money on Amazon, coming up with your own private label items is one of the easiest ways to move ahead. This process involves taking an existing product and then re-manufacturing it with more improvements. At this stage, you can also put your company’s logo on it before selling it to users. Many merchants also term this to be a form of white-label process and it is the quickest way to create a brand. You can either find these items on eBay or use a product research software for targeting the right items. Platforms like JungleScout might even help you with it. Either way, it is best to sell your products only after you’ve conducted ample research because it makes it a whole lot simpler to make a profit from it. When it comes to private labeling, you can earn anything between $600 to $2,000 depending on what you’re looking to sell and the type of improvements you’ve made against it.
Write a Book
When it comes to making money on Amazon, you may have to deviate from the common route. For instance, you may want to channel your inner writer by coming up with a book written by you. Since Amazon has a dedicated handle for publishing, you can write and almost instantly publish your titles. The company won’t just restrict your titles to digital formats. On the contrary, they will also allow you to print real copies of the book whereby you can reach out to more users who are especially fond of physical copies of the book. If you aren’t an avid writer, get someone to ghost-write the book and finally publish it as your own. The process is simple and since ghostwriting fees aren’t as hefty either, driving sales won’t be that big of a task.
The only issue with selling books on this portal is the fact that you need to come up with something that’ll ‘sell’. As a part of the process, you need to research on what people want to read, before finally getting it published.
As per the quality and the content of your book, you can make anything from $10,000 to $50,000 from your book’s overall profits.
Sourcing and Selling Wholesale Products
This option is almost similar to the private labeling one. However, unlike the former, here, you need to buy multiple units of one or more products in bulk. This can be done from brick and mortar stores in your area. Alternatively, you might also want to consider eBay. It’s a simple way to earn with Amazon, and since you’re getting the items from wholesale stores, you won’t even need to get worked up about the branding, logo designing, or overall marketing proceeds of the item. If done the correct way, you can earn anything between $2,000 to $6,000 every month from this simple arrangement. The only catch? Selling wholesale items is slightly competitive. Since there are plenty of merchants like you, as a seller, you’d only make profits when you sell items that are in true demand and when your products are better priced, and over more value than competitor’s products. You can simplify your entire proceeds with a Product research tool even before you come up with a listing.
Be an Affiliate Marketer
Finally, this is yet another sure-shot answer to anyone wondering how to make money with Amazon. You can write your own blog promoting certain Amazon products. Again, you may also write a regular blog, and add Amazon listings as advertisements. This way, any time your reader clicks the image of the advertisement and makes a successful purchase, you will earn a small commission from the same. The process is really simple, and if you’re a good writer, it will be nothing short of a cakewalk. That said, it is important to build your presence even before you become an affiliate marketer. Make sure you deliver some value with your blog so that people want to read it and buy products from your platform.
Since you now know the ins and outs of being a seller on Amazon, wait no further and follow either of our recommended guidelines to make money right away!