Learn how to make money on Amazon instead of spending it. Amazon is a multinational online shopping giant and there is hardly anyone who has not at least once ordered a product from their website.
Their website is convenient to use because you only need one account to buy absolutely everything from soap to bicycles. For an online shopping website, Amazon is well trusted due to how well-established they are. While their focus is online shopping, Amazon also offers attractive possibilities for people to earn money.
To ensure Monethalia remains free of charge, this post contains affiliate links.
How to make money on Amazon
HOw to Make money with Merch by Amazon
Merch by Amazon is a brilliant way to make passive income. With Merch by Amazon, you can upload your own designs and Amazon will sell them for you. Amazon will create your product page, handle production, shipping and customer service. Making money could not be easier, except for the fact that it can be hard to be accepted by Merch by Amazon.
How much does Merch by Amazon cost?
With Merch by Amazon, there are no fees for you to pay. Instead, Merch by Amazon will take the whole profit from a sale and pay you royalties for each product sold. Note that you may have additional costs if you buy a graphic editor software such as Photoshop.
What are the pros and cons of Merch by Amazon?
Merch by Amazon is a great source of passive income. Once you have designed your products, all you have to do is waiting for the money to come in. Merch by Amazon does everything for you, so you can use your time for other commitments.
Naturally, there are some drawbacks. Most importantly, you may be missing out of a lot of money as Merch by Amazon is only paying you a fraction of the sales price. Over time, you could potentially make more money by setting up your own online shop.
Additionally, you are bound to Merch by Amazon and cannot develop your own brand. You will not have your own business and hence, have less control over all involved aspects.
Who can sign-up to Merch by Amazon?
Merch by Amazon is ideal for people who want to make passive income and do not want the hassle of having their own business. Additionally, you would need to be a creative person and have access to a graphic editor software.
How do I sign-up to Merch by Amazon?
Head to Merch by Amazon and request an invitation. Make full use of the “additional information” field. If you want to be accepted, include details on your experience in design and how you plan to advertise your products.
As for industry type, the most popular option is “novelty T-shirt business”. This is what you should choose unless you fall under one of the other options.
After this, you may not hear from them for a couple of weeks… or months. You will probably forget about Merch by Amazon and move on with your life until you suddenly find an email in your inbox. This will tell you whether you have been accepted.
If you have been rejected by Merch by Amazon, you can request another invitation. It may take you a few tries to get accepted.
How to make money with Fulfillment by Amazon (Amazon FBA)
Fulfillment by Amazon, also called Amazon FBA, allows you to set up your own shop within the Amazon website. You can sell whatever you like; second-hand books are a popular choice.
To open your Amazon FBA shop, you simply pack the items you wish to sell and send them to Amazon. Amazon will take care of the rest, from storage to shipping including customer services.
How much does Amazon FBA cost?
There are two different plans:
- Basic (sell less than 35 items per month) – you pay £0.75 per item sold
- Professional (sell more than 35 items per month) – you pay £25 flat every month
What are the pros and cons of Fulfillment by Amazon?
The main advantage of Amazon FBA is its ease of use and convenience. Amazon FBA takes the hassle out of selling, enabling you to have more time for other commitments. This is a strong argument because you can use the time for other side hustles, for example blogging or matched betting.
You also benefit from Amazon’s huge traffic. If you were to open your own online shop, you would have to spend time and money advertising it, otherwise, nobody would notice you. Being able to be reached via the Amazon search function will improve your customer exposure.
Of course, there are also some drawbacks to Amazon FBA. Most obvious, you have to pay a fee. This has to be put into relation to the time saving through Amazon FBA. The most glaring drawback, however, is that you cannot form a relationship with your customers. You cannot build an email list and contact your customers again with further offers.
Who can sign-up to Fulfillment by Amazon?
Amazon FBA is for you if you are looking to make money selling items without trying to establish your own business. It is less risky and easier than opening your own shop but may also be less rewarding.
If you are looking to make re-selling a side hustle, Amazon FBA is a great option.
How do I sign-up for Fulfillment by Amazon?
You can register here. This will set up your Amazon selling account. Once you have your seller account, you can add Fulfillment by Amazon via this link. To prepare your products, you need to scan their barcodes using the Amazon Seller App.
For practice, I recommend you scan items you have around your house. Try to find products that rank highly within the app, ideally within the top 1%. This will make selling so much easier.
How to make money with Amazon mechanical Turk (mTurk)
Amazon mechanical Turk (mTurk) is a platform that allows companies to outsource short tasks, also called Human Intelligence Tasks (HITs). These tasks may involve identifying photos, transcribing small files and short research tasks. It is an US-based service but also accessible for citizens of other countries, the UK included.
With mTurk, you can choose which tasks you do and work from home. The average earning per hour appears to be around $6-$10, although this varies considerably depending on experience.
How much does Amazon mTurk cost?
The companies that offer the tasks pay the fees for using Amazon mTurk. As a user, you only invest your time.
Non-US-based users may also have costs with converting currencies as mTurk pays in US dollars. Furthermore, you may only be able to cash out in gift cards which you would have to re-sell to obtain cash.
What are the pros and cons of Amazon mTurk?
Amazon mTurk is a convenient way to make money from home without needing any special skills. You can work in your own time and pick the tasks you want to complete.
However, you may earn less than minimum wage as a beginner. There are a number of tips and tricks to earn more per hour but starting mTurk can be difficult.
You may also find the tasks repetitive and less rewarding than alternatives income sources. It is also far less exciting than other side hustles.
MTurk does not pay well and you may be better served by looking for alternative side hustles or a regular full-time job.
Who can sign-up with Amazon mTurk?
Amazon mTurk is a good option to earn money for people looking to earn a temporary income, for example in periods of redundancy or during transition periods e.g. when finishing university.
How do I sign-up to Amazon mTurk?
You can register for Amazon mTurk here. The process is very straightforward and all you have to do is fill in your details.
How to make money with Amazon associates (affiliates)
With Amazon’s affiliate program, you earn a commission when someone buys a product through your links. Read my free guide to find out more about affiliate marketing.
If you do not have a website or an app, you can join the Amazon influencer program instead.
How much does Amazon affiliates cost?
Joining the Amazon affiliate program is free. However, you may have costs associated with setting up a website for your affiliate links.
What are the pros and cons of Amazon affiliates?
The Amazon affiliate program is a great source of passive income. All you have to do is add your affiliate links and wait for the money to come in. Amazon has a huge variety of products so you will find something for every niche.
The main drawback of the Amazon affiliate program is that your application is only reviewed after you made sales. This means you may be rejected (but you will still be paid out).
There are affiliate programs that are paying higher commission than Amazon but they do not even come close to Amazon’s product variety.
Who can sign-up to Amazon affiliates?
The Amazon affiliate program is for owners of a website, an app or a social media account with a large number of followers.
How do I sign-up to Amazon affiliates?
Sign-up to Amazon associates here. The sign-up process is quick and simple. The only part you need to pay attention to is describing your websites or app. You want to explain that your website/app is full of potential but be honest at the same time.
Other ways to make money on Amazon
While not strictly speaking a way to make money, Amazon Prime can help to save on delivery costs. You can take out a free 30-trial for free next day delivery and a range of other perks.
Afterwards, you simply click on “cancel” to get offered either a second free trial or a generously reduced price offer.
I did not include Amazon handmade in my list of ways to make money with Amazon because it is not something everyone can do. As the name implies, Amazon handmade is only accessible to artisans.
Listing on Amazon handmade is free, and if you make a sale, Amazon will keep 12% of the sale price.
Make money on Amazon summary
There are plenty of opportunities to make money with Amazon. You can
- sell designs with Merch by Amazon
- sell anything with Fulfillment by Amazon
- complete tasks with Amazon mTurk
- earn a commission with Amazon associates or influencers
- sell handmade products on Amazon handmade
- take advantage of Amazon Prime (free trial here)
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