Like any savvy seller, you want your business to be successful on Amazon, and the main metric of success for any business offering goods is profit; the making of money. There are literally thousands of ways to make money on Amazon, because there are countless products already available that could use a new twist to them, or maybe you have a new idea that can sweep the market. Either way, these are some of the top ways to make money on Amazon in 2022.
Selling Private Label Products
Private label products are those that you have seen a product on the market, have an idea on how to make it better, or a more interesting customization that people will enjoy, then have it manufactured for you to sell yourself. Almost two thirds of Amazon sellers are private label product sellers, and this is because it has relatively low initial investment for product development.
Selling Wholesale Goods
Wholesale goods are popular on Amazon and are a great way to make some money, although this is more difficult now than it used to be. The general idea of wholesale selling on Amazon is to be able to purchase a large bulk order of products, which per product costs significantly less to you, then sell them at or around market price, making a profit on each item. It’s very important that you get your bulk purchase at a low enough per item cost that you actually profit after Amazon FBA fees and other logistical fees and taxes.
This one is similar to wholesale goods selling, but you aren’t buying products directly from manufacturers, instead you are heading out to brick and mortar stores or other online stores that are having sales, purchasing the items, then reselling them for normal price. Visiting stores like Walmart, Target and Barnes & Nobel are the most popular, but you often need to drive to places that will have lots of stock, and good sales, so you need time and a vehicle to transport all those goods. Buying up seasonal items after a season is done while discounted to sell the next time that season comes around is a great way to make money.
Become an Amazon Delivery Driver
If selling products isn’t up your alley, then you may be interested in driving for Amazon. Amazon has its own fleet of flex drivers, for quick delivery within a radius of their main warehouses. Jobs are almost always available for drivers, as Amazon tries to keep up with the pandemic level of online ordering.
Offer Services Rather than Products
Are you someone that offers professional services? You can actually sell that service on Amazon. Amazon Professional Services allows you to offer various types of services people may be interested in on Amazon. These services can range from installing and assembling products available on Amazon to unrelated professional services such as dog walking, or piano teacher. Amazon can help you connect with people needing your help.