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How To Make Money

How To Make Money On Amazon

 

Amazon is one of the world’s largest online traders and you could become a seller or affiliate with them. Here is a guide on how to make money on Amazon, either by working part-time or full-time.

 

Open An Amazon FBA Business

You can become an Amazon FBA seller, as long as you have got enough money to invest. FBA stands for Fulfilment By Amazon. If you are an FBA seller then your stock is stored by Amazon and your business will get Amazon’s customer service and delivery options.

You will need a fair amount up front because you’ll need to buy stock and pay all the necessary fees that go with it. You’ll also need to pay for product barcodes to identify stock. This investment would be thousands of pounds, rather than hundreds and would depend on which products you sell. Many FBA business owners buy their stock from China and have the packaging and sometimes the product, redesigned to show their brand.

It’s a flexible way to run a business and it doesn’t matter where in the world you are because you can choose which Amazon websites show your products. For example, if you choose the UK, your products are also shown in Italy, Germany, France and Spain.

You don’t need to worry about storage, packaging or delivery as this is all done for you by Amazon. You buy your products and get them delivered to Amazon FBA. When someone buys your product, it is Amazon who packages and sends them out to the customer.

When it comes to pricing, Amazon has a handy app for price setting, which takes into account all the costs you are likely to incur, such as shipping, taxes and Amazon’s storage and closing fee. You’ll be able to work out your profit margin and set your price easily. If you want to read more about FBA have a look at this blog by Sam Priestley, which gives you plenty of useful information about Amazon FBA and how to start up your business.

 

Become An Amazon Affiliate

You can become an Amazon Affiliate free of charge. But, you will need a website and that can cost around £250 to be designed and then about £200 a year to be hosted and managed. However, if you do it right, there is money to be made.

Once you have your website, it needs to be interesting to attract an audience. You can do this by adding a blog in which you talk about the products you sell and related topics. For example, if you enjoy cooking then you could sell cookery products such as utensils and equipment. Your blog could include recipes, tips, hints and information about food.

Next, you sign up with Amazon and pick the adverts you would like to include on your website. If someone clicks on them and buys the product then you get a percentage fee. Go to the Amazon FAQ site for more information about becoming an affiliate and signing up to advertise.

 

Sell On Amazon

This method is similar to selling on eBay. You choose what you want to sell from the product list that Amazon produces. After that, you decide which plan you want to use. You can have a free account which means you pay a certain amount for each item you sell. If you don’t like the sound of that or you plan to sell more than 40 items a month, then go for a professional account. With this account, you pay a monthly fee. On top of this, there are also referral and closing fees to pay with both accounts. That said, it is still a cheap way to open your business with low overheads.

Once you have registered and chosen a plan, you can now list your items and begin selling. When Amazon inform you that you have a sale, you then package and ship the item to the customer.

 

Write A Kindle Book

Another way to make money on Amazon is to write a Kindle book. You write the book and Kindle Direct Publishing will put it on a Kindle site for you to sell. This is a good alternative to traditional publishing, as you have full control over your book and would earn far more per ebook than the percentage left over after agency and publishing fees. Have a look at the Kindle site for more information.

 

Deliver For Amazon

If you’ve got some free time and own a vehicle, you can make money delivering for Amazon. According to Amazon, you can make between £12 and £15 per hour by delivering their parcels. Their Amazon Flex page will give you more information, including the areas where delivery drivers are most needed.