Amazon has not only established itself as one of the best platforms for online sellers but also made its name as one of the biggest companies the world has ever witnessed.

And now, ordinary people make money on Amazon, which has paved its way to become one of the ‘Big 4’ of the United States. Needless to say, it has become the most dominant player in the global eCommerce market.

As of 2022, Amazon has more than 12 million listed products on its website. According to a recent financial report, an average Amazon Prime member usually spends nearly $1.4k each year on this online marketplace.

And besides the online sellers, Amazon also needs a vast workforce to maintain and expand its operation.

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1. Online Arbitrage on Amazon

Earning Potential: $100 – $300+ per day.

In simple language, online arbitrage is just working as a middleman or broker between Amazon and any other eCommerce website.

You’ll only need to buy from sites like eBay and then sell it to Amazon at a higher price to earn a profit. It is a similar method to retail arbitrage but with less effort.

However, you need to choose your buying website pretty cautiously to book a good profit once you sell that thing on Amazon.

According to recent reports, an average guy working online arbitrage can make around $1000 per month. The main advantage of this program is that you don’t need to make your own brand or worry about the supply chain.

This program also has two significant disadvantages. Firstly, there is a minimal chance to scale up. And secondly, there is enormous competition in the online arbitrage market.

Despite all these issues, you can still make a handsome profit if you can get some excellent products and pick a low-competition niche through proper research.

2. Retail Arbitrage on Amazon

Earning Potential: $100 – $300+ per day.

It is the same thing as the online arbitrage that we have already discussed but with a small difference. In retail arbitrage, you need to buy items from retail stores and then sell those on Amazon for a higher price to make a profit.

Most of the people in this business prefer retail chains like Walmart or Target for product purchases, as these two stores usually sell items at a heavily discounted price. A lower purchasing price means higher profit.

Several successful Amazon sellers started their journeys in this lucrative business, although the competition has become a bit intense these days.

Amazon recently changed its algorithm slightly to make it difficult for anyone to sell branded products on its website unless you are the manufacturer. However, you can still make a good profit with diligence and brainpower.

First, you need to choose the products that have high selling potential in the online market. And then, you need to sell that at a lower price than your competitors to drive more sales. Usually, you can generate around $2k per month from this.

3. Start Kindle Direct Publishing

Earning Potential: $1000 – $10,000+ per month.

It is the best option for you to make money on Amazon if you are a creative person, although it is not a cup of tea for everyone.

As we all know, you can write eBooks to make a good amount of money. Let it be fiction or non-fiction; your books will sell like hotcakes if it is outstanding.

Most writers often face issues regarding their publishing as a good publisher is extremely difficult to find. But now, Amazon has solved that issue by launching a revolutionary reading platform called Kindle.

And you can easily publish your book on Kindle in a few simple steps. Within a maximum of 48 hours after submission, your eBook will appear on the Kindle platform.

You will start making money almost instantly once your book starts selling on this platform. However, you need to do some marketing for your book to generate more sales. It will be easy to funnel more customers to your eBook if you already have a reputed blog or have a good amount of social media followers.

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4. Amazon’s Trade-In Program

Earning Potential: $1000+ per month.

Amazon has its own trade-in program where you can earn Amazon credit for trading your unwanted items. Technically, you can’t mark it as a way to make money from Amazon, although you can fulfill all your shopping needs through this.

Starting from the old camera that you have discarded after buying a new full-frame DSLR to the books that you are no longer reading, you can trade almost anything through this platform.

There is no fixed amount of money that you can generate through this platform, as the final trading price will broadly vary on the quality and rarity of the product.

Amazon tends to give around 25% of the original selling price of any product through this platform. However, it can go slightly up or down, depending on several factors.

But, one of the most significant disadvantages of this trade-in program is that you can’t sell just any junk here, as Amazon is pretty selective. After taking an in-depth look at this platform, we discovered that Amazon prefers non-fiction and textbooks.

5. Make Use of Amazon Merch

Earning Potential: $1000 – $5000+ per month.

If you are a graphics design artist ready to flaunt your skills, then Amazon Merch can be your ideal option to make money. The earning procedure is pretty simple, as you’ll get your cut from the product that features your graphic art.

Firstly, you need to upload your best graphics creation on this platform. And then, you need to select the products in which you want to print your art. After these two simple steps, you have to choose a listing price for those products to start selling.

But, you must have the proper knowledge about recent trends to attract more customers to your designed merchandise. From a coffee mug to cool t-shirts, you can print your design on many things and market it to millions of customers through Amazon’s platform.

However, you need to do thorough research to select a proper niche before entering this field. With a creative design and adequate marketing through ads and social media channels, you can drive the right number of targeted customers to your products.

Join Merch By Amazon here.

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