How To Make Money On Amazon: 15+ REAL Strategies (+ start today) – I Will Teach You To Be Rich

Looking to learn how to make money on Amazon, even without selling anything?

In this guide, we’ll cover more than 15 ways to make money on Amazon, complete with tips to help you uncover the strategy that?s best for you and how you can get started as soon as possible.

How To Sell Products and Services with Amazon

The following tactics for making money on amazon are all about selling. While selling isn?t the only way to make money on Amazon, it?s one of the most common, and there are several different ways to do it.

Even if you don?t want to sell a physical product, read on. You may find a method of selling on Amazon that surprises you!?

1. Sell Products With Amazon FBA

One of the best ways to make money on amazon is to sell products with Amazon FBA.

FBA stands for ?fulfillment by Amazon.?? FBA is beneficial to sellers because it puts the force of Amazon?s distribution network behind your products. To sell with FBA, there are a few steps you need to take:?

1. Find and source your product. A popular way of selling products on Amazon is to use Alibaba or a similar platform to source items that you can then private label with unique branding.
2. Become an Amazon seller. You can join Amazon Seller Central for $39.99/month.
3. Send your products to Amazon. Ship your inventory to an Amazon fulfillment center so that they can distribute it for you.
4. Wait for customers to buy. When someone buys your product directly from the Amazon platform, Amazon will deliver the order for you. You could always ship the products yourself to avoid extra Amazon fees, but FBA is the best way to sell products at scale.

If you can buy products for a lower price and mark them up, you can make money with Amazon FBA. 

Pros of Amazon FBA

• Amazon handles the entire distribution process for you, eliminating the need to worry about shipping. 
• Your products are hosted on the Amazon platform where millions of people shop every day.

Cons of Amazon FBA

• You need to sell a physical product in enough volume to turn a profit. This can be a barrier to entry for some sellers.

To begin, register to start selling on Amazon here. Then you can sign up for Amazon FBA here.

2. Retail Arbitrage

Sourcing inventory from overseas means you?ll have to pay hefty shipping costs. Lots of sellers avoid this by leveraging retail arbitrage.

Retail arbitrage is essentially the process of buying inventory from local retailers and then selling them on Amazon for a profit.

Go to your local Walmart, Target, etc. and search for discounted products. Then simply list those items on Amazon with a markup.

You could also consider online arbitrage. Buy directly from these websites and benefit from free shipping. But usually, the best discounts are found in-store. Ebay is another good source for finding cheap products to sell.

Pros of retail arbitrage on Amazon

• It can be fun to source deals if you enjoy bargain hunting.
• You don?t have to start with a huge inventory of products.

Cons of retail arbitrage on Amazon

• Retail arbitrage can be time consuming to do at scale.
• Retail arbitrage is a popular way to sell, and is therefore a competitive space.

3. Publish Your Own Books

Are you a good writer?

You can publish digital books through Amazon Kindle Direct Publishing (KDP). It takes less than five minutes to publish, your book will be available on Kindle stores across the globe in 24-48 hours.

Amazon lets you set your own prices for self-published books. You?ll earn up to 70% of royalties on Kindle sales.

You can also make changes to your content at any time.

In addition to digital format books, you can use CreateSpace to publish physical copies of your book. Consider using ACX to create an audiobook that can be sold on Amazon as well.

Pros of publishing on Amazon

•  It?s a great way to make extra money if you?ve written book(s) already.
• It?s free to publish your ebook, allowing you to see your name in print without a traditional publisher.

Cons of publishing on Amazon

• You have to be a fairly prolific writer to make money selling ebooks on Amazon.
• You have to do all of your own marketing without a traditional publisher to help sell your book.

4. Sell Wholesale Products Via Amazon Business

Instead of targeting consumers, you can sell products in bulk via Amazon Business.

This is a B2B marketplace on Amazon. It provides business customers with special prices and the convenience of shopping with Amazon.

As a seller in the Amazon Business marketplace, you?ll have unique business features. For example, you?ll have the ability to accept requests for quotes. Amazon allows you to display different quality and diversity certifications on your page as well.

55 different Fortune 100 companies are Amazon Business customers. More than 50% of the biggest hospitals in the United States and 40%+ of local governments in densely populated cities buy from this B2B marketplace.

If you know a particular B2B vertical really well, you can move some serious product volume this way.

Pros of Amazon Business

• You may be able to reach more customers than you could without the use of Amazon?s large platform.
• The program includes access to unique features including the ability to offer quantity and business pricing.

Cons of Amazon Business

• Amazon Business is best for established businesses, which may be a high barrier to entry.