As an entrepreneur or a business owner, making money on Amazon can be a game-changer. With over 300 million active users, Amazon is the most popular online marketplace in the world. It is estimated that around 42% of all online sales globally are done through Amazon. However, not everyone wants to become a seller on Amazon. That’s why I have put together 5 non-selling strategies to help you make money on Amazon.
1. Work as an Amazon Affiliate
Amazon affiliates earn a commission by promoting Amazon products on their website or blog. This means that you don’t need to sell anything on Amazon to make money. Once you sign up for an affiliate account, you can use your unique referral link to promote Amazon products. When someone clicks on your link and makes a purchase on Amazon, you earn a commission. To increase your earnings as an Amazon affiliate, you need to have a website or blog with high traffic, target high-paying products, and write compelling product reviews.
2. Use Amazon Mechanical Turk
Amazon Mechanical Turk is a cloud-based platform that allows businesses to outsource small tasks to a pool of workers. As a worker on Amazon Mechanical Turk, you can complete various micro-tasks such as data entry, surveys, and content moderation. The pay for these tasks varies from a few cents to several dollars. While you may not earn a full-time income using Amazon Mechanical Turk, it’s an excellent way to make some extra cash in your free time.
3. Publish eBooks on Amazon
Amazon has a self-publishing platform called Kindle Direct Publishing (KDP), which allows authors to publish eBooks and sell them on the Amazon Kindle Store. With KDP, you can earn up to 70% royalties on your eBook sales, depending on the price of your book. To succeed with KDP, you need to write quality books that provide value to your readers, optimize your book description and keywords, and market your books aggressively.
4. Offer Professional Services on Amazon
Amazon has a professional services marketplace called Amazon Services, where businesses can find and hire professionals such as photographers, writers, and web designers. To offer your professional services on Amazon, you need to register as a service provider and create a profile that highlights your skills and experience. Once your profile is approved, you can start bidding on projects listed by businesses on Amazon Services. By offering your services through Amazon Services, you get access to a vast customer base, and Amazon handles the billing and payment processing for you.
5. Sell Wholesale Products on Amazon
Selling wholesale products on Amazon involves buying products in bulk from manufacturers or distributors and then reselling them on Amazon. Unlike retail arbitrage, selling wholesale products on Amazon requires more upfront investment and effort. However, it is a scalable business model that can generate a substantial income. To succeed with wholesale selling on Amazon, you need to find profitable products, negotiate good prices with suppliers, optimize your product listings, and provide excellent customer service.
Conclusion
Making money on Amazon doesn’t have to involve selling products directly. As shown in this article, there are several non-selling strategies that you can use to earn a significant income using Amazon’s vast platform. Whether you choose to become an Amazon affiliate, publish eBooks, or offer professional services, there is a way to make money on Amazon that suits your skills and interests. The key to success is to choose a strategy that aligns with your goals, work hard, and remain consistent.
