4 Ways to Make Money With Amazon
Did you know that there are actually four ways to make money with Amazon? Most of you are probably familiar with their affiliate program. But there are three other ways that involve eCommerce, website advertising (or ads) video and, believe it or not, t-shirts. What I'm going to do in this post is go over all of the options. So let's get started!
1.) FBA or Fulfillment by Amazon
The first option is one that's been picking up a lot of steam lately and it's called Amazon FBA or Fulfillment by Amazon. How FBA works is that you decide what you want to sell and then Amazon packages and ships it to your customers. They ship the products to your customers and I've created a simple graphic here that better explains how it works.
You store products in Amazon's fulfillment centers. These centers are popping up everywhere! There's one literally five minutes from my house. When a customer makes an order Amazon packages and delivers the product from the fulfillment center. And products that are eligible for Amazon Prime will be shipped in two days with free shipping! So when you see that Amazon Prime or when you're ordering something with your Prime membership that's what is happening.
The Key To FBA
Now the key to making this work is number one figuring out what to sell. There are even tools out there that will help you do the research and discover what people search for on Amazon.com. You also have to decide how much storage space you need. You do have to pay for that space so there's definitely a learning curve to making this work. And while there are people making five figures per month with Amazon FBA there's still a lot of trial and error. Plus it takes money to make money especially with Amazon FBA. Rob Cubbon has a very good article that documents his experience with Amazon FBA. So check it out HERE.
I mention Rob's article because I love it when internet marketers keep it real about what it takes to be successful. A lot of people act like making money online is all about unicorns, rainbows and bubblegum and it's not. It's work and don't let anyone tell you differently. If it were that easy everyone in your family and all of your friends would be full or part-time entrepreneurs. I mean who doesn't want to work in their PJs right? So even if that money is just investing in your website you still have to be prepared to invest time and money.
2.) Amazon Associate or Affiliate Program
The second option to make money with Amazon is what most of you are probably familiar with and that's the Amazon associate or affiliate program. So how this program works. You link to Amazon products in your blog posts or your web pages and when somebody buys you get a commission. How does Amazon know somebody bought through you? Your links have tracking IDs in them. All of this is automated. It's not like it's someone sitting in a basement tracking the sales with a button or anything like that. All of this is automated and this is called affiliate marketing and it's my favorite way to earn online.
Now Amazon's commissions are pretty low and they start around 3% but Amazon is very very trustworthy. It's just a brand that people trust and they tend to buy way more than you recommend so that will help with your sales totals. About 70% of my earnings come from random products that I didn't promote. Just to give you a point of reference to make $522 I had to generate over 10,000 clicks and 380 orders. But I use Amazon because there aren't affiliate programs anywhere else for these products so it's better than earning nothing.
Amazon also pays you when people sign up for their free services like Amazon Prime trials and that's where $33 of my $522 came from last month. Bounty's means those are Amazon's free trial services generally they also reward you for the volume of sales. The more you sell the higher your affiliate Commission goes and the higher your affiliate percentage goes. So making money with Amazon is all about volume. If you want to join go to affiliate-program.amazon.com and you must have a website also.
3.) Amazon Video Direct
The third way that you can make money with Amazon is Amazon Video Direct. This was created to rival the YouTube Partner Program. But I've honestly not heard many success stories coming from this method. The way that it works is you upload videos, movie shorts and or courses and you earn royalties based on how many times your videos are streamed and how your video is accessed. For example you can make your videos available for free to people who are Amazon Prime members and make royalties on the views.
Now unlike YouTube they have very specific quality guidelines for uploads and your videos must have a closed caption script. And if you don't know how to create a closed caption script for video there are services out there like Rev.com that charge one dollar for every minute of the video. They have a very very quick turnaround. I did use them once and it worked out very, very well. Just to test it out I uploaded one video a few months ago and so far this week, get ready, I earned a whopping 12 cents!
Look out y'all if I upload just four thousand videos or so I'll be set. But honestly I think it's about figuring out what types of videos work best and being in the right niche. You have to remember people browse Amazon much differently than they browse YouTube so certain topics may perform better than others. You just have to test go to VideoDirect.Amazon.com to learn more about it.
4.) Merch by Amazon
The last way you can earn with Amazon is through a program called Merch by Amazon. Merch is short for merchandise and it is very very similar to SpreadShirt. You upload a design that you create in Photoshop or whatever, add it to a shirt and when it's sold you get a royalty. Amazon handles all the printing and the shipping you just focus on the designs. The biggest difference from all the other print-on-demand sites is you have to get approved for the program and it could take up to 12 months or more.
I submitted an application about two months ago and I haven't heard anything yet. But one of my friends just told me that she was accepted after four and a half months. So it definitely varies. She also mentioned that they were backlogged with all of their submissions so hopefully they're going to get a little bit more speedy with that. If you're an aspiring graphic designer and want to make some passive income then apply to Merch by Amazon by clicking here > Merch by Amazon. Also check out Spreadshirt if you are into designing your own T-shirts.
That's it ladies and gents! Hope you enjoyed learning about the four different ways you can earn with Amazon. if you like my content please give me thumbs up, leave me a comment or a vote. Thanks a million for reading my post and I'll catch you wonderful people later!!
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