Amazon has already sold billions of products around the world and has gained a solid US$252 million net profit last quarter of 2016. But did you know that it is also a brilliant platform for individual users to make extra money? Here are eight ways that you can use Amazon to add to your current earnings.
1. Sell as a third-party provider
If you like to shop at Amazon, you have probably noticed that some items are actually sold by third party sellers. This is a great way to sell your own artwork , specific products, etc. There are various plans that can be signed up for. With the individual plan, you pay $0.99 selling fee per item sold, plus a referral fee in the 8%–15% range of the product’s selling price. With the professional plan, you pay $39.99 per month with no per item selling fee, but still have to pay the referral fee. You can also use Amazon Fulfillment to fulfil all orders, including storage, packing, picking and shipping. This is a good way to have your items become eligible for Prime two-day shipping.
2. Join the Amazon affiliate program
If you own a Website or blog you have the opportunity to join the Amazon Associates program and earn revenue by directing visitors to Amazon products.Your earnings will depend on how much stuff people, who you send to Amazon, will actually buy. Depending on items, you’ll earn from 4%–10%. It works by Amazon giving you a unique referral url that you post on your site or blog. When someone clicks on the embedded url, the referral is tracked and you are getting paid if it ends in a purchase.
3. Buy Amazon stock
Another way for earning good money with Amazon is through buying its stocks. Amazon’s stock price has been rising steadily over past years. Now it is valued almost $800 and according to Market Watch specialists it is a high possibility that it will continue go higher. So, if you are keen to “play” with stock exchanges, this investment can bring for you a solid profit with a low rate of risk.
4. Sell Original Content
Another easy way to get paid by Amazon is to sell your original content. If you have created DVD’s, CD’s, MP3’s, books, etc., you can download it directly on their site via CreateSpace. Royalties, that range between 40%–60% of the retail price, are paid whenever a product is sold on the platform. Your product will get a free universal product code (UPC) that allows you to sell the content directly on Amazon. Just like with third-party selling, you will be eligible for two-day shipping.
5. Sell your “handmade” items
Handmade at Amazon is a new programme for invited artisans to sell their handcrafted goods to hundreds of millions of customers worldwide with 12% referral fee. It doesn’t matter what type of items you are making, from handmade jewelry, other artwork, lighting or kitchen tools – just put your stuff on Amazon platform and take your wage. With this service the company hopes to “kill” Etsy. We will see in the future how it will work out. Also, it’s worth noting that but with Amazon you don’t need a product UPCs and professional photos to get started.
6. Create and provide E-Books
Because of Amazon Kindle to become a published author now it’s much easier. Everything you need is to write a book that you like and publish it on the platform. Within 48 hours, it will be everywhere around Kindle stores. In this way you can keep as much as 70% royalty on your sales. Moreover, you can get a complete control of your publishing rights and have the ability to set your own pricing. Also, you can opt into the Kindle Owners’ Lending Library where Prime members can borrow your ebook and help you gain more exposure.
7. Do small tasks for Amazon
You can do online tasks through Amazon Mechanical Turk and earn a lot of extra cash. Everything you need to do is to describe images in 10 words ($0.10 per description) or do product reviews ($2.50 per review). This may not seem like much, but if you do these tasks regularly, it can add to your pocket a solid amount of money. It is especially good for those people who have regular short delays at their job — Amazon Mechanical Turk can fill these breaks with tasks that bring you cash.
8. Get discounts for doing reviews
One more way to let Amazon pay you is to register on Snagshout. This site is completely free and works by giving you access to a large marketplace of extremely discounted Amazon products, in exchange for an honest review of items that you buy. Discounts here can be in a range of 50% to 90%. You can even get a lot of free stuff or for only one dollar.
Have you used any of these ways to earn money with Amazon? How did it work for you?