5 Great Ways to Make Money on Amazon in 2023

Why Amazon?

Amazon has made 344 billion US dollars in gross market value on the online marketplace worldwide since it launched in 1994. No eCommerce site makes as much money. In 2017, sales on the Amazon Marketplace accounted for an estimated 20% of total eCommerce sales in retail.

There is money to be made on a variety of online shopping platforms, but Amazon beats out the rest as the biggest and arguably the most versatile option, whether you’re selling or generating income from products and services.

Amazon’s customer trust is exceptional. As many as 89% of US customers are more likely to buy products from Amazon than another eCommerce site. In its relatively long history as an online marketplace, Amazon has become a standard for building trust with its customers and growing long-term loyalty.

If you are looking for a way to make money online reliably for the foreseeable future, Amazon probably has a good option for you.

How to Make Money on Amazon

1. Affiliate Marketing

One of the most straightforward ways to make significant money on Amazon without selling anything yourself is as an Amazon affiliate. Amazon’s affiliate program is truly a giant in the Amazon money-making world.

If you have reach online, whether it’s through a website, blog, or because you are community moderator, you have the capacity to make money as an Amazon affiliate. All you need to do is recommend products on Amazon in a product category that appeals to your audience.

If your audience follows the affiliate link and makes the purchase, you will earn a commission. Generally between 4% and 10% of the product’s purchase price goes to the Amazon affiliate. Being part of the Amazon affiliate program is incredibly easy, and it can be highly lucrative.

2. Amazon Handmade

If you thought Etsy was the only place to sell quality handmade goods, think again. On Amazon Handmade, you can sell clothing, jewelry, accessories, art, and other artisan goods.

Amazon Handmade will give you a custom URL, making it much easier for all of your customers to find your shop. Amazon makes things more convenient and affordable for handmade sellers than for other selling accounts. You’d have to pay $39.99 a month for a professional selling account, but this fee is waived for handmade sellers. Just pay a 15% referral fee on your total sales price.

3. Amazon Merch

Do you consider yourself an artist or designer? Amazon Merch might be right for you. Even if you are not an expert, you may be able to make great designs that make money on this platform, as long as you are up on cultural trends and have basic design software.

You can sell t-shirts, hoodies, and lots of other things carrying your designs. You won’t have to pay anything to sell your merchandise on Amazon. Amazon takes responsibility for printing, shipping, packaging, and supporting the customer.

All you have to do is create your account, upload your design and price, and write your description and color. You get a royalty on every design that you sell.

4. Kindle Book Publishing

Are you a writer, or do you have access to a team of writers? Getting your work published no longer requires the attention of a publishing house. Kindle Direct Publishing lets you publish Kindle books on their platform.

70% of royalties on overall sales can go to you. You aren’t limited to just digital kindle book options on this platform. Hard copies can be printed as well. Prolific writing is key to making money in this area.

5. Fulfillment by Amazon

An Amazon FBA business isn’t as well-known an option when it comes to making money on Amazon. Still, it’s an excellent way to make money without worrying about shipping or customer support.

Your products are stored in an Amazon warehouse, where they can make you money on the Amazon marketplace without you having to do anything once the products are shipped. Amazon Prime takes advantage of this program to get products to customers faster.

Using the Amazon FBA program, you send your items to an Amazon Center and let them take care of delivery. Customers wouldn’t even know the difference, which is why so many people haven’t heard of this program.

Key Features

• Make money from the products you sell without the hassle of packaging and shipping to individual customers.

• Very low-cost as long as your merchandise doesn’t sit on the shelves for too long.

• Great way to work for brief periods and take off in between.