Hey there readers! I’m back with a new (well, the first) entry in ‘Profitable Platforms.’ It’s a little series where I’ll present you… er, profitable platforms (I pride myself on appealing alliteration) that make money on the internet. I hope you like it!
The first thing that comes into anyone’s head when thinking ‘money’ and ‘internet’ is eCommerce, or selling products online. And while there are dozens of high-profile eCommerce platforms, the biggest and most-known is undoubtedly Amazon. Every internet user has probably bought something on Amazon. It’s unavoidable, what with its endless selection and incredibly fast shipping. But did you know you can actually make large amounts of money from Amazon? Anywhere ranging from simple beer money to entire living expenses? There are even Amazon-made millionaires. Read on for more details!
There are two main Amazon programs for making money: the Seller program and the Affiliate program.
Seller is exactly what it sounds like. You sell your goods and profit off them. Affiliate is basically promoting Amazon’s products on your website (or anywhere else), the process of which is known as affiliate marketing. When someone clicks a link of yours, and buys a product, you get paid a commission. This has potential to be more passive than selling, but requires a website with a following.
While I will cover the Amazon Affiliate program in the future, this post will focus on selling. If you’d like to learn more about affiliate marketing, get started here.
Why You Should Sell on Amazon
Amazon offers a host of benefits for it’s sellers. These benefits are the reason vendors are flocking sell on the website.
For starters- and this is probably the principal reason anyone should sell on Amazon- all sellers have the ability to reach millions of customers around the world, from Japan to Brazil to Germany. eCommerce, and the internet itself, is defined by access to the world from your home, which is why an Amazon business does so well.
If online shoppers can be one thing, it’s impatient. Shipping times can be a deciding factor in a purchase, and Amazon, with it’s Prime membership, offers unbelievably fast shipping times, which keeps customer satisfaction at a high note.
Listing fees can be a thorn in the side of online sellers, reducing profits and being a general nuisance. Amazon only charges you after you make a sale, and it’s payment methods are considerably secure. All these make selling less of a headache.
Finally, Amazon’s support services are always available to help. Whether you need a tutorial or a solution to a problem, you can be sure that you’ll find an answer. Technical problems are hurriedly dealt with, too.
What You Need
Amazon is incredibly simple. All you need to start is an Amazon Seller account, which you can sign up for here.
Next, you have to find a product. Finding a product is a topic in and of itself, but I can slip you a few tips right here:
- Sell things you own around the house- stuff you don’t need. You’ll get traction right off the bat!
- Keep your eye on Amazon Top Seller lists. You need a product that you can buy in bulk, and is proven to sell well. Look at different categories, too.
- If you have a website, sell products related to your niche. If you have a a lot of readers, you can surely make some revenue.
- Consider buying wholesale products from Alibaba. if you can find cheap and interesting items, it’s worth a shot. This tactic is one you can get rich off of, if you play your cards right.
Finally, this is kinda obvious, but you need packing materials like boxes, tape, and bubble wrap.
Hold It! You Don’t Need to Ship Wares Yourself!
Can you imagine buying a hundred lamps, and having them around the house until they were sold off? That happened to a friend of mine, and a great deal of other people too. My point is, packing and shipping items yourself might be too impractical. Luckily Amazon’s got you covered.
Fulfillment by Amazon (FBA) is a process in which Amazon stores your products in it’s ginormous warehouses until a customer buys one. Then, Amazon ships the order to the customer. You don’t do anything! Well, you do, but not relating to shipping. It’s almost too good to be true. Incidentally, this is another reason to sell on Amazon.
You can find more information directly from Amazon at this link.
Amazon is the premier destination for anyone wanting to sell online. It makes selling easy, is full of customer-friendly features, and all in all can be a great source of passive income.
If you’re interested in another way to earn money online (without products of your own!), check out my #1 program here!
What are your thoughts on Amazon? Do you think it’s a good money maker? Leave a comment down below! Don’t be shy, it’s the Internet!