Amazon is a website on which people spend money and only few know that you can also make money with Amazon. 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.
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 do all the hassle! They 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.
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 also have additional costs if you buy a graphic editor software such as Photoshop.
Pros & Cons of Merch by Amazon
Merch by Amazon is a great source of passive income which is its main advantage. 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.
Is Merch by Amazon for me?
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 to sign-up to Merch by Amazon
First of all, head to Merch by Amazon and request an invitation. Make full use of the “additional information” field. If you want to be accepted, this not optional as it gives you the chance to present yourself. You should 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” which you can 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.
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, for example, 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.
Of course, Amazon does not do this for free. There are two different plans, basic (sell less than 35 items per month) and professional (sell more than 35 items per month). With the basic plan, you pay £0.75 per item sold, whereas with the professional plan, you just pay £25 flat every month. There may also be additional fees.
These fees can be confusing and make it hard to figure out your profit margin. This is why Amazon offers a fee calculator.
Pros & Cons of Fulfillment by Amazon
The main advantage of Amazon FBA is how easy and convenient it is. Amazon FBA takes the hassle out of selling, enabling you to have more time for other commitments. This is a strong point because you can use the time you save to earn money with other side hustles, for example blogging.
You can 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 get your items seen by tons of people.
Of course, there are also some drawbacks of 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.
Lastly, customers are likely to think that your items come straight from Amazon. This means they will not know about your business and you will not be able to build a reputation.
Is Fulfillment by Amazon for me?
Amazon FBA is right 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 to sign-up to 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.
Before gettings serious, I recommend you scan items you have around your house just for practice. Try to find products that rank highly within the app, ideally within the top 1%. This will make selling so much easier.
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. Anybody can sign-up and start completing these tasks and subsequently get paid for this. 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.
The companies who offer the tasks pay the fees for using Amazon mTurk. As 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 so you would have to re-sell those.
Pros & 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, there have been huge debates about the low payment. You may earn less than minimum wage. There are a number of tips and tricks to earn more per hour but it may nonetheless be difficult, especially for new users.
You may also find the tasks repetitive and less rewarding than alternatives income sources. It is also far less exciting than setting up your own company, becoming a blogger, etc. to earn money.
Is Amazon mTurk for me?
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. Because it is a monotonous work, it is probably not suited to be done over the long term.
How to sign-up to Amazon turk?
You can register for Amazon mTurk here. The process is very straightforward and all you have to do is fill in your details.
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.
Note: If you do not have a website or an app, you will need to join the Amazon Influencer program instead.
Joining the Amazon affiliate program is free! You may, however, have costs, associated with setting up a website for your affiliate links.
Pros & 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. Plus, most people already have an Amazon account and trust the company, both of which makes making sales a lot easier.
The main drawback of the Amazon affiliate program is that your application is only reviewed after you made sales so your effort could potentially be in vain. Other than that, I have little to say here; there are affiliate programs that are paying higher commission than Amazon but they do not even come close to Amazon’s product variety.
Is Amazon affiliates for me?
The Amazon affiliate program is for you if you own a website, an app or a social media account with a large number of followers. Apart from this, the Amazon affiliate program is a great source of passive income for anyone.
How to sign-up to Amazon associates?
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.
Bear in mind that your application will only be reviewed after you have made your first three sales. Therefore, there is potential that you could be rejected later on and your earnings could vanish.
Bonus: Amazon handmade
I did not include Amazon handmade in my list of ways to make money with Amazon because it is not something anyone can do. As the name implies, to open an Amazon handmade account, you need to first create handmade products. If you are an artisan, you can start selling here. Listing on Amazon handmade is free, and if you make a sale, Amazon will keep 12% of the sale price.
Make money with 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
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