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Ways To Make Money On Amazon

Try these tips, strategies, and tools for boosting your bottom line.

Whether you want to sell a few products here and there as a side hustle, or are thinking about adding an online sales channel to your existing business, there are many ways to make money in ecommerce. As a great place for product research and with advertising solutions that reach 96% of U.S. adults every month, Amazon can help you:

  • Launch the hottest new product in home goods, health and wellness, or another niche
  • Specialize in selling B2B or another sales strategy
  • Source products from wholesale or using another procurement method
  • Find an international audience for your handcrafted masterpieces or manufactured goods
  • Generate income by self-publishing books, live streaming video games, and more

Sign up for an Amazon selling plan to make a profit on your latest estate sale finds, ship manufactured goods and custom designs around the world, and so much more. You can even make money on Amazon without selling anything.

In this post, we’ll explore some of the different options you have for making money on Amazon, from earning passive income by recommending Amazon products, to building your own brand from the ground up.

7 ways to make money on Amazon

1. Choose a product type or specialize in a niche

What should you sell to make money on Amazon? Thinking about your interests and hobbies can be a good place to start, allowing you to draw on your strengths and capitalize on insider knowledge you might have about a particular industry. Other times, inspiration can strike when you least expect it.

You might try selling a single product, or source a variety of items from different product categories. Check out this guide to finding product ideas, and get inspired by this list of successful online businesses.

Once you dive in, you might find yourself gravitating toward one category, like clothing or toys. Keep an eye on purchases and let sales analytics guide your decisions. For example, you might want to expand your catalog, or narrow it down to a handful of products—maybe even just one top seller.

2. Sell handcrafted items

If you’re a pro at sewing, woodworking, or another skill, turn your expertise into an ecommerce business. Amazon Handmade is an online community of artisans selling unique goods to a global audience. This program comes along with a fee waiver for a Professional selling plan, plus other perks for artists and creatives who want to share their work with the world.

3. Build your own brand

Building your own brand takes effort and investment, but it can pay off in customer loyalty. Plus, Amazon offers a host of tools and benefits for brand owners. If you’re ready to take the leap, or if you have an existing brand, enroll in Brand Registry to unlock automated protections for your label and more resources for brand management.

4. Create and distribute merch

Maybe you have a great idea for a funny T-shirt or coffee mug. Bring your ideas to life with Amazon Merch on Demand. This program allows you to design custom apparel and accessories on a print-on-demand basis. Products print after each sale (so you don’t have to worry about unsold stock) and ship through Prime so customers can receive orders quickly).

5. Sell B2B

If you want to sell to other businesses, Amazon Business is designed to help you reach B2B customers of all sizes. This program comes along with visual dashboards, business pricing, quantity discounts, and more.

6. Earn passive income by recommending products

You don’t need to sell products to make money on Amazon. Amazon’s affiliate marketing program, Amazon Associates, lets you monetize traffic through social media and other channels by recommending products for sale on Amazon. This affiliate marketing model allows you to earn up to to 10% in commissions.

7. Publish books with KDP

Have you written the next great novel or play? Self-publish through Kindle Direct Publishing to share your manuscript in the form of paperback, hardcover, ebooks, or all of the above. Hundreds of thousands of authors from around the world have self-published millions of books since KDP launched in 2007.

Learn more about specialty selling programs

6 strategies to drive ecommerce sales

As you decide how you want to make money on Amazon, there’s a range of ecommerce tactics you can use to grow. Here are some strategies to try as you explore different possible directions for your business—plus tips for going all in, once you’ve found what works.

1. Source the right products

How will you get products to sell to customers? You have options:

  • Resell products – Whether you have a gift for zeroing in on great vintage finds at yard sales, or a knack for scoring great deals when popular products go on sale, Amazon can be a great channel to resell for a profit. Just be sure to follow Amazon’s selling policies and code of conduct for sellers.
  • Source wholesale – If you’re planning to move lots of inventory, work with a wholesaler or a manufacturer to set up a supply chain and get products into the hands of as many customers as possible.
  • Dropship or print on demand – Don’t want to invest in procuring and storing inventory until you’re sure the product will sell? You can work with a dropshipper to send orders directly to customers after they place purchases. You might also use a print on demand solution, such as Amazon Merch.

You can start out with just one of these strategies, or try a combination. Get inspired and learn more with this guide to inventory management.

2. Take advantage of fulfillment solutions

The processes that go into fulfillment—picking, packaging, shipping orders, and handling returns—can consume valuable time and resources, especially as you scale. Luckily, you can fulfill orders on your own, outsource fulfillment, or do both.

Fulfillment by Amazon might be the right choice for your business model if you’d like to send inventory to Amazon fulfillment centers. With this method, specialists can store, pack, and ship orders on your behalf. Through FBA, you can also incentivize customers with:

  • Free, two-day shipping through Prime
  • Free returns
  • Customer support

3. Set competitive prices

Do you have a pricing strategy? Do some research by scoping out the competition for products you’d like to sell. This is especially important when you first list products, but sales can benefit in the long run if you set up a system to conduct pricing research on a regular basis, going forward. Dedicate some time to analyzing prices for similar products in Amazon search, or use our Automate Pricing tool to automatically set prices across your portfolio based on current demand.

4. Optimize to connect with more shoppers

To connect your offerings with more potential customers, use SEO best practices to help product listings rank in search results for shoppers. Basic search engine optimization involves targeting specific keywords in product titles, bullet points, and other parts of the product description.

5. Advertise and offer special deals

Depending on the products you’re selling and your ideal audience, sales tactics can be a great way to boost your bottom line. Here are a few ideas for driving sales on Amazon:

  • Cross-sell or up-sell – Cross-selling is where you help the customer find products related to the one they want to buy. For example, someone purchasing a phone might also want a phone case. Up-selling is where you recommend a premium version of a product or an upgrade, such as an add-on.
  • Run product listing ads – “PLAs” are typically cost-per-click ads, meaning you only pay when shoppers click on them. In the Amazon store, you can run several types of PLAs, including Sponsored Products and Sponsored Brands.
  • Offer deals and coupons – You can entice customers with digital coupons and promotions. Two common types are Lightning Deals (random deals that appear throughout the day) and 7-Day Deals (short-term promotions that last a week).

To land on the Amazon Deals Page, try promoting your offerings with seasonal sales, or run deals for holidays and shopping events such as Prime Day. Learn more in this guide to ecommerce marketing.

6. Focus on audience engagement

Where does your audience hang out? What’s the best way to reach them? Ecommerce gives you several unique options as you answer these questions.

For one, after someone interacts with your brand by purchasing a product, you can follow up with customers via email and invite them to leave product reviews. Amazon offers email templates to help you shape the customer journey to improve sales.

Good reviews can be a powerful way to establish trust between your brand and shoppers. On Amazon, you have the chance to receive high-impact reviews through Amazon Vine.

If your customers spend time on social media, it might be worth investing in social media marketing. You can hold contests, post trivia, and use other interactive ways to show people products and channel traffic to visit your online store. If you want to take it to the next level, social selling through a destination like Amazon Live is a way to do product reveals in real-time, give customers tailored product suggestions, and more.

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Watch
8 tactics for your full-funnel marketing strategy
In this breakout session from Amazon Accelerate, an Amazon Ads specialist will guide you through eight advanced tactics to build a strategy that covers every stage of the funnel—awareness, consideration, purchase, and loyalty—for a template to improve your marketing strategy.

 

Tools and programs to help you scale

Signing up for Amazon’s Professional selling plan comes with access to a host of programs and tools to benefit your business—whether you’re already established in ecommerce, still in your first 90 days of selling online, or considering selling in the Amazon store for the first time.

Perfect Launch

Get off to a strong start with the Perfect Launch playbook—a set of five programs shown to increase sales in Amazon stores. Sellers who adopt all five in the first 90 days of selling in the Amazon store are 5.2 times more likely to generate $100,000 in first-year revenue compared to Amazon sellers who don’t complete Perfect Launch.

Through Perfect Launch, you can earn 5% back on the first $1,000,000 in branded sales. Perfect Launch also unlocks over $50K in potential benefits and new seller incentives, which can include credits for cost-per-click advertising, discounts for storing and shipping inventory, and more.

How To Make more than $50,000 in Agriculture

7 Easy Ways to make money in agriculture in Nigeria…

There has been increased debate in recent years, notably between 2015 and currently, about the necessity for Nigerians to return to farming. The campaign for a return to land cultivation has been stepped up by everyone from the government to private persons, especially in light of rising food costs, with everyone offering their opinions on how a return to agriculture remains the most realistic path out of the current economic downturn.

 

Agriculture can be extremely profitable. Because food attracts a wider market, cash crops, food crops, fruit crops, and so on will always produce superior commercial results.

 

1. Selling of farm produce

According to a report by Guardian Nigeria, selling farm produce is lucrative for investors. It is a money-making strategy in Africa because buying and selling farm produce to consumers at a cheaper rate allows Africans to make big money.

You can earn high profits by selling vegetables, rice, coconut, beans, cassava, potatoes, plantain, and more. African can make money as a retailer or partner with a farm in food and agribusiness.

 

Selling farm goods is not a capital-intensive enterprise, but it does require a lot of planning and work. A farm product business can be successfully started with N50,000 and more.

In the business of selling agricultural produce, research is the first and most important phase. You must conduct a market survey, as well as learn about the farm produce that is popular and in high demand in your area, as well as the demand for the produce at various times of the year and where you can obtain it for reasonably reasonable costs.

 

2. Exportation of farm produce

Farm produce exportation still remain an aspect of the nation’s commerce industry that has not been full explored.

Nigeria exported N321 billion worth of agricultural products in 2020. The agricultural sector’s contribution to GDP increased to 23.78 percent in Q2 2021, up from 22.35 percent in Q1 2021. Nigeria has only scratched the surface of the sector’s potentials, according to the figure.

 

According to data from the Nigeria Bureau of Statistics (NBS), Nigeria’s top agro export crops include sesame seed, which has continued to be Nigeria’s agricultural export biggest earner for some years.

One of the sure ways to make money in agriculture is through the exportation of agricultural products to international markets. You must have a registered business name, at the very least, for trust and to make it easier to contact you.

 

These are some of the products you can export, raw cocoa beans, Cashew nuts, shelled, Sesame seeds, Ginger, Natural Cocoa Butter etc. You can come up with an intercontinental e-commerce company focused mainly on the exportation of farm produce from Nig

 

3. Investing in Agricultural sector
Investment in Agriculture industry cut across all value chains. You can decide to venture to rice, maize, millet, cassava, sugarcane, vegetables, cocoa, palm kernel, rubber etc.

Other areas you can invest in are;
The sector is open to private participation and investment opportunities abound across the various value chains. Broad categorization of these includes:

  • Horticulture development.
  • Food processing and preservation across the value chains of the sector.
  • Commodity trading and transportation.
  • Agricultural input supplies and machinery.
  • Beef processing and packaging.
  • Production of improved seeds and agro-chemicals.
  • Fruit juice/canned fruits.
  • Water resources development especially for irrigation and flood control infrastructure.
  • Beverages and confectionary.
  • Development of private irrigation facilities.
  • Cash crop processing – cocoa, palm kernel, rubber, among others.
  • Exploitation of timber and wood processing activities.
  • Production of veterinary drug, vaccine, chemical, feeds and feeds ingredients.
  • Livestock cultivation – dairy and aquaculture (fisheries) development.

The huge demand gap between the supply of agricultural produce and the industrial activities makes agriculture worth investing into.

 

4. Farm produce package and storage

When storing and transporting farm produce, the right packaging is important to prevent contamination, spillage and other threats. Find out the best packaging items that will ensure the quality of farm produce remains preserved during storage, transportation and distribution.

 

Many farmers don’t have means of storing their produce from getting spoilt because of lack constant electricity supply/infrastructure. You can to set up a well equipped facility for processing/packaging of farm produce. The international market usually rejects sprouted yam and those that are not well packaged. Many of our neighbouring countries e.g Ghana are doing well with packaging and storage.

 

5. Agriculture consultancy
Agriculture sector is currently faced with many changing factors. The industry is changing dramatically, and one of the most exciting and promising ways to position yourself is to get involved as a Agricultural Consultants. Agriculture without information and knowledge is not only incomplete but dangerous.

There was a time we needed an agronomist to join us at farm square, an elderly man reached out to us. The man is highly experienced, skilled and also retired but not tired to support. He is one of our consultants now.

 

Agricultural consultancy/advisory has long been recognized as an important factor in promoting agricultural development. Agricultural consulting is for anyone involved in the agriculture or related industry. It fundamental purpose is to support, guide and add value to farmers in advance to undertaking various farming activities.

 

An agricultural consultant is a professional problem-solver and expert adviser who works mostly with agricultural enterprises. He/she provides advice on all matters relating to the sector.

It’s a great way for seasoned and retired farmers to make a lot of money in the food and agriculture industries. Africans with teaching skills and farming expertise can make a career by offering online and offline classes

 

6. Sales of farm machinery
Selling farm equipment is a lucrative business option for everyone and one of the ways to make money in Agriculture. Make preparations for the store. You must establish a welcoming interior environment for your customers. Also, remember to present your products properly. It’s a good idea to go to an interior designer and start with a floor plan. Then, according to your precise requirements, arrange the store.

 

To be the greatest at selling farm machinery, whether online or offline, you must understand the following:

i. The importance of timing cannot be overstated. It’s all about supply and demand when it comes to selling, and there are some seasons of the year when demand for equipment is very high.
ii. Take quality photographs. It’s important to show potential buyers photos of a clean, field-ready machine, but going the extra mile to illustrate the intricacies can help yours stand out.
iii. It’s important to set the right price. You pricing strategy must be top-notch.
iv. Be Honest: Being open and integrity matters.

 

7. Farm logistics and transportation
Henry C. Wallace, one of the former Secretaries of Agriculture of the United States, had once remarked,

Agriculture is our greatest industry, transportation our second greatest. These two industries are dependent upon one another, and the national well-being is dependent on both”.

 

Food losses in Sub-Saharan Africa were the greatest in the world due to poor post-harvest storage and transportation. You can make a lot of money by enabling food delivery through linking markets. By working with farmers and supplying a fleet of trucks for company expansion, you may improve food transportation.

The major component of post-harvest crop management is transportation. After all, every produced commodity must be transported, either directly to the market or to a packing house and storage facility.

 

In light of the global situation, agriculture in the Nigeria is becoming increasingly reliant on transportation to convey agricultural and food products to major cities where demand is high. You can come in to strengthen agricultural product transportation infrastructure.

 

 

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