Make Money on Amazon in 2021 – 4 Killer Methods

If you’re concerned that you’ve dropped the e-commerce ship, don’t trouble. It’s just making moving.

While several e-commerce organisations like eBay, Shopify, Walmart, and Etsy can make traffic results online simple, in my practice, the best way to earn money online is with Amazon.

Amazon is a large chance for those who desire to join the world of e-commerce. In 2020, Amazon raked in $3.86 billion in income—over half of which was fed by third-party businesses. 

But what can you take to get a lot of the Amazon pie?

There are tonnes of excellent ways to earn money on Amazon, so to help you decide what approach might work best for you, this article jumps into the top ways to earn money on Amazon in 2021.

Let’s go to it!

1 – Sell your own private label products on Amazon.

The best way to earn money on Amazon in 2021 is yet through private label sales using Amazon’s Fulfillment-by-Amazon (or FBA) network. About 71% of all Amazon sellers manage their business using the private label method. 

A private label is a process of making a pre-existing item (first, with product enhancements), placing your branding and logos on it, and selling it to customers. Sometimes it is related to white-labelling or brand creation. (The process has been about for years and is popular in countless local stores; Target’s Mainstays brand and Walmart’s Great Value are two instances of private label brands.)

Thanks to FBA, Amazon is capable to give your products (typically in two days or less — what you possible know as Amazon Prime). This is how e-commerce business owners—like you and me— can list goods on Amazon and earn money from the exchanges.

Amazon offers private labelling even more comfortable thanks to a number of benefits:

  1. First, you can use a device like Jungle Scout — the all-in-one program for selling on Amazon — to determine the sales your goods will make once it’s on Amazon.
  2. Next, it’s simple to source and makes your products with the advice of platforms like Alibaba or Jungle Scout’s Supplier Database.
  3. Lastly, after you’ve built your product, you can market it on Amazon using FBA. You don’t even have to send your own orders!

How much money can I make selling private label products on Amazon?

Approximately $625 to $1,875 per month per product.

Over half (56%) of private-label marketers earn $5,000 or more in monthly exchanges, and almost two-thirds (59%) have good boundaries over 16%. Among private-label sellers who have more than a year of selling activity, 31% have made over $50,000 in record earnings.

Where can I learn more about selling private label products on Amazon?

If you need to learn more about how to earn money on Amazon with private label stocks, Jungle Scout gives a free course to help you get excited: How to sell on Amazon FBA for newcomers.

2 – Publish your own books on Kindle Direct Publishing.

Amazon Kindle Direct Publishing (KDP) enables you to publish your personal books on Amazon, and this is my second popular way to earn money on Amazon. (But that’s apparently because I’m a trained writer.)

Then over, in interest to digital format, you can print original copies of your book also. Amazon’s CreateSpace prints are on sale!

The only drawback with this choice is that you normally need to write slightly prolifically in order to find victory. Though it is likely to publish one or two fiercely successful books, volume is the real name of the publishing game.

The more you write, the more you get.

How much money can I make writing for KDP?

Up to $40,000 per month.

I’ve listened that some writers do as much as $40,000 per month. These writers, however, manage to be prolific and write topically to obtain notice.

Once you write the body, you don’t have to write it anew! Nor do you have to trouble about the file.

How can I learn how to make money on Amazon with KDP?

While I don’t know of any particular course I hope for teaching this special course, I do believe Tim Ferriss.

And, coincidentally, the serial manager wrote an intriguing article on how to become a Kindle millionaire.

It’s surely deserving a read if you want to earn money on Amazon with KDP: How to make $1,000,000 selling e-books tactics and case studies.

3 – Sell wholesale goods on Amazon.

Related to Private Label, selling wholesale suggests buying bulk amounts of products to sell using Amazon’s FBA system.

The primary distinction, however, is that you are selling other businesses’ products. Hence, you don’t have to disturb about making and branding the products.

For a number of sellers, it’s one of the most common ways to earn money on Amazon.

How much money can I make selling wholesale goods on Amazon?

Up to $3,000 – $4,000 per month.

While wholesaling on Amazon has grown notably more hard in the last few years, it’s yet a great way to make money.

See that it is a lot more aggressive than the private-label market—you won’t be the only one selling those goods on Amazon. So it can sometimes be a “race to the ground” on costs where the only “lever” sellers have to fight with each other is by reducing their price related to their opponents.

Plus, the value is all in the buy. If you can’t buy your goods for a cheap enough price, you won’t earn money.

Yet, 61% of wholesale sellers on Amazon make $5,000 or higher in monthly sales—which is zero to smell at.

4 – Deliver goods for Amazon.

By now, you presumably know that Amazon has its own transportation service. But did you know that you can follow Amazon’s delivery line as a driver?

They might still pay you $10,000 to get excited!

Amazon’s Flex program enables you to do exactly that. All you have to do is say a fast application, download their app, and, if you’re allowed, you start earning money.

Believe it as Uber, but for Amazon deliveries.

How much money can I make on Amazon working as a Flex driver?

Approximately $100+ per day.

According to Flex’s homepage, Amazon gives drivers between $18 – $25 per hour, and the changes are typically five hours distant.

I’ve also read stories that even if drivers complete their shifts first, they nevertheless get paid for the whole five hours.

Not a poor deal for $100+ per day.

How can I learn to make money on Amazon as a Flex driver?

Typically, the best way to learn how to work with Flex is by their site: Amazon Flex.

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