Are you looking for ways how to make money selling on Amazon? With the right knowledge and strategy, you can easily start selling products or services on Amazon and make a good profit. In this article, we will discuss what types of products and services you can sell on Amazon to make money. We will also look at some tips and tricks that will help you maximize your profits when selling on Amazon. So, let’s get started!
Launch Your Brand Today!
We all know Speed matters in business. If you are an Amazon seller, the first 90 days are especially critical for you to establish your brand, marketing, fulfillment, pricing, and other practices to accelerate performance beyond launch. “Amazon Perfect Launch” is basically called the use of five selling programs—Brand Registry, A+ Content, Fulfillment by Amazon, Automated Pricing, and Advertising—within those first 90 days.
For getting eligible as a new seller you need to enroll in Brand Registry. This way you can get 5% bonuses on up to $1,000,000 in branded sales (up to $50K in bonuses), and free Vine enrollment for one product to kickstart product reviews ($200 value).
The process is given as below step by step:
- Enroll your brand in Brand Registry
- Enhance your product detail pages with A+ Content
- Get set up with Fulfillment by Amazon
- Automate pricing on your offers
- Create Sponsored Products ad campaigns, Coupons, and/or Deals
How To Make Money Selling On Amazon:
Amazon is one of the largest e-commerce platforms in the world, offering a vast range of products and services to its customers. It has over $50K in potential benefits. As a seller, you might be wondering what types of products and services you can sell on Amazon. You have the opportunity to get 5% back on your first $1,000,000 in branded sales. Amazon also gives you $50 credit for Sponsored Products and CPC ads, FBA with free inbound shipping, storage, removals, and returns & more. You can launch your brand today with Amazon!
In this post, I’ll provide you with a step-by-step guide on the types of products and services you can sell on Amazon.
1. Sell Physical Products:
Are you interested in selling physical products on Amazon but don’t know where to start? Well, let’s start with the basics: Amazon physical products are simply products that can be purchased on Amazon and shipped to the customer’s doorstep. It offers a wide range of physical products that you can sell on its platform. You can also sell products under your brand name or become an authorized reseller for existing brands.
Now that you know what Amazon’s physical products are, let’s talk about what physical products you can sell. The answer is pretty much anything! As long as it’s not prohibited by Amazon’s policies, you can sell it. Some popular categories can include anything from books and electronics to clothing and home goods and kitchen, fashion, gardening, beauty, health, and many others, personal care. you can also join their Advantage Program because they currently accept physical books, calendars, sheet music, pamphlets, diaries, single-copy magazines, CDs, DVDs, Blu-Rays, VHS, vinyl records, and cassettes.
So, how can you earn money from selling Amazon physical products? There are a few different ways. First, you can become an Amazon seller and sell products directly to customers. This can be a great way to start if you have your own products or want to source products from a manufacturer or wholesaler.
Another option is to use Amazon’s FBA (Fulfillment by Amazon) program. With FBA, you send your products to Amazon’s warehouses, and they take care of storage, shipping, and customer service. This can save you time and hassle, and can also make your products eligible for Amazon Prime, which can increase sales.
It’s important to do your research and find profitable niches to sell in. You can use tools like Jungle Scout or Helium 10 to research products and see what’s popular. Additionally, you should focus on optimizing your product listings with relevant keywords and high-quality images to increase visibility and sales.
Read More: How to Make Money on Amazon without Selling? 11 Best Ways
2. Sell Digital Products:
If you’re wondering what Amazon digital products are, you’ve come to the right place! Amazon digital products are products that are sold and delivered electronically, without the need for physical packaging or shipping. These products can be downloaded or accessed online, and they include things like eBooks, music, videos, software, and more. You can also offer digital services such as web design, writing, and programming.
Now that we know what Amazon digital products are, let’s look at some examples. Amazon offers a wide range of digital products, including:
eBooks: Amazon’s Kindle store is one of the largest online retailers of eBooks, with millions of titles available for purchase.
Music: Amazon Music is a streaming service that offers access to millions of songs, playlists, and stations.
Videos: Amazon Prime Video is a popular streaming service that offers movies, TV shows, and original content.
Software: Amazon sells a variety of software products, including antivirus software, productivity tools, and more.
Audible: Audible is an audiobook service that offers a vast library of audiobooks and original content.
So, how can you earn money by selling Amazon digital products? It’s simple – you can become an Amazon affiliate and earn commissions on the products you promote. When someone clicks on your affiliate link and makes a purchase, you earn a percentage of the sale.
Amazon offers different commission rates for different types of digital products. For example, the commission rate for eBooks is generally around 4-6%, while the commission rate for Amazon Prime Video is around 3%.
Becoming an Amazon affiliate is easy – all you have to do is sign up for the Amazon Associates program, create your affiliate links, and start promoting products on your website, blog, or social media channels.
3. Sell Handmade Products:
Are you curious about Amazon’s handmade products? You’ve come to the right place! If you’re a craftsperson, you can sell your handmade products on Amazon. Amazon Handmade is a marketplace specifically for handcrafted products.
Amazon handmade products are unique, handcrafted items created by artisans from around the world. These products offer customers a one-of-a-kind shopping experience and give artisans the opportunity to showcase their skills and talents.
Some examples of Amazon handmade products include:
Jewelry: Handcrafted necklaces, bracelets, earrings, and more.
Home decor: Handmade pottery, textiles, and furniture.
Clothing and accessories: Hand-sewn clothing, bags, and hats.
Beauty and personal care: Handmade soaps, lotions, and cosmetics.
Toys and games: Handcrafted wooden toys, puzzles, and games.
So, how can you earn money by selling Amazon handmade products? It’s easy – you can become an Amazon handmade seller and earn commissions on the products you sell. Amazon charges a 15% referral fee on each sale, which is deducted from your earnings.
To become an Amazon handmade seller, you must first apply to the program and be approved. Once approved, you can create your storefront and start listing your handmade products. Amazon provides tools and resources to help you optimize your listings and attract customers.
As an Amazon handmade seller, you also have access to Amazon’s fulfillment services, which can help you streamline your shipping and handling processes. This allows you to focus on creating more handmade products and growing your business.
4. Sell Services:
Amazon also offers a range of services that you can sell on its platform. If you’re interested in Amazon’s digital services and installation, repair, and maintenance services, then keep reading! Amazon offers a wide range of services to its customers, from traditional home services to digital services like web design, writing, and programming.
Some examples of Amazon’s installation, repair, and maintenance services include:
TV wall mounting: Amazon offers professional installation services for your TV, including wall mounting and cord concealment.
Home cleaning: Amazon Home Services offers cleaning services for your home, including deep cleaning, regular cleaning, and move-in/move-out cleaning.
Handyman services: Amazon offers a variety of handyman services, including furniture assembly, light fixture installation, and door repair.
On the other hand, Amazon’s digital services cover a range of needs including:
Web design: Amazon offers professional web design services to help you create a custom website that meets your needs.
Writing and translation: Amazon offers writing and translation services for businesses and individuals, including content creation, translation services, and transcription services.
Programming: Amazon provides programming services that can help you build and develop your digital projects.
You can become an Amazon Services provider and earn commissions on the services you provide. Amazon charges a referral fee on each sale, which is deducted from your earnings.
To become an Amazon Services provider, you must first apply to the program and be approved. Once approved, you can start listing your services and attracting customers. Amazon provides tools and resources to help you optimize your listings and grow your business.
The commission rates for Amazon Services vary depending on the type of service you provide. For example, the commission rate for Amazon Home Services is around 10%, while the commission rate for Amazon Web Services is around 7%.
5. Fulfillment by Amazon (FBA):
Fulfillment by Amazon, or FBA, is a service offered by Amazon that allows sellers to store their products in Amazon’s fulfillment centers. When a customer places an order, Amazon picks, packs, and ships the product on the seller’s behalf. This service also includes customer service and returns handling.
Some examples of products that can be sold through FBA are electronics, books, toys, and household items.
To earn money through FBA, sellers can list their products on Amazon and choose to use FBA as their fulfillment method. When a customer buys the product, Amazon takes care of the shipping and handling, and the seller gets paid. The commission rates and earning amounts vary depending on the product category, but sellers can expect to pay a fulfillment fee, referral fee, and storage fee. The amount of money earned each month will depend on the product sales and fees associated with the service.
Overall, FBA can be a great option for sellers who want to focus on growing their business and leaving the fulfillment process to Amazon.
How FBA works:
Fulfillment by Amazon can help you to decrease fulfillment headaches as you scale your business.
Step 1: Set up FBA:
At 1st you need to create your Amazon selling account, and login to Seller Central to set up FBA.
Step 2: Create product listings:
Once you add your products to the Amazon catalog, specify FBA inventory.
Step 3: Prepare products:
Prepare the products for safe and secure transportation to a fulfillment center, according to Amazon packing guidelines and shipping and routing requirements.
Step 4: Ship products to Amazon:
Create your own shipping plan, print Amazon shipment ID labels, and send shipments to Amazon fulfillment centers. Learn more about sending inventory to Amazon.
Once Amazon receives products at the fulfillment center, the items are available for customers to buy.
6. Subscription Products:
If you have a product that customers can subscribe to, you can sell it on Amazon. You can sell subscription products such as magazines, monthly box subscriptions, and digital products.
Amazon Subscription Products are a great way to earn recurring commissions as an Amazon affiliate.
Amazon Subscription Products are products and services that customers can subscribe to on a recurring basis. Some examples of Amazon Subscription Products include:
Magazines: Amazon offers a wide variety of magazine subscriptions that customers can receive on a monthly or quarterly basis.
Monthly Box Subscriptions: Amazon offers monthly box subscriptions for everything from beauty products to snacks to pet supplies.
Digital Products: Amazon also offers subscription-based digital products such as Prime Video, Kindle Unlimited, and Amazon Music Unlimited.
Amazon Fresh: Amazon’s grocery delivery service that allows customers to subscribe to regular grocery deliveries.
Subscribe & Save: A program that allows customers to subscribe to regular deliveries of household essentials and other products.
As an Amazon affiliate, you can earn commissions on these subscription products by promoting them to your audience. The commission rates for Amazon Subscription Products vary depending on the product but typically range from 1% to 10%.
To calculate your potential monthly earnings as an Amazon affiliate promoting Subscription Products, you can use the following formula:
(Number of products sold per month) x (average commission rate) x (average product price)
For example, if you sell 50 magazine subscriptions per month with an average commission rate of 4% and an average price of $20, your monthly earnings would be:
50 x 0.04 x $20 = $40
Of course, your earnings will depend on a variety of factors, including the products you promote, the size of your audience, and the effectiveness of your marketing efforts.
7. Amazon Launchpad:
If you’re a startup or a new brand, you can use Amazon Launchpad to sell your products. Amazon Launchpad helps new brands get discovered and grow their customer base on Amazon.
Are you an entrepreneur or inventor looking for a platform to launch your product? Amazon Launchpad might be just what you need!
Amazon Launchpad is a platform designed to help startups and emerging brands launch and promote their products on Amazon. With Amazon’s vast customer base and marketing resources, Launchpad offers entrepreneurs a unique opportunity to get their products in front of a wider audience.
Some examples of products that have launched on Amazon Launchpad include:
Tile: A popular brand of Bluetooth trackers that help you find lost items like keys and wallets.
Sphero: A company that produces programmable robots and educational toys.
Nomad: A brand that produces high-quality charging accessories for tech devices.
Pip & Nut: A brand of all-natural nut butter spreads.
Ember: A company that produces temperature-controlled mugs and tumblers.
As an Amazon seller, you can earn money by selling products on Amazon Launchpad just like any other Amazon platform. The commission rates for Amazon Launchpad sales vary depending on the product category, but generally range from 6% to 15%.
To calculate your potential monthly earnings as an Amazon seller on Launchpad, you can use the following formula:
(Number of products sold per month) x (average commission rate) x (average product price)
For example, if you sell 50 units of a product with an average commission rate of 10% and an average price of $50, your monthly earnings would be:
50 x 0.10 x $50 = $250
Your earnings will depend on the popularity of your product, competition from other sellers, and the effectiveness of your marketing efforts.
Recent Updates:
Amazon is continuously updating its policies and procedures, so it’s essential to stay up-to-date with the latest changes. Some recent updates include:
Amazon Live:
If you’ve ever shopped on Amazon, you may have noticed a new feature called Amazon Live. Amazon Live is a live streaming service that allows brands and influencers to promote their products to Amazon customers in real-time.
During a live stream, hosts showcase products and provide demonstrations, answer questions from viewers, and offer exclusive deals and promotions. Customers can easily purchase products directly from the live stream, making it a convenient and engaging shopping experience.
Some examples of brands and influencers that have used Amazon Live include:
LEGO: The popular toy brand uses Amazon Live to showcase their latest sets and provide building tips and tutorials.
Gatorade: The sports drink company uses Amazon Live to promote their products and provide tips on how to stay hydrated during workouts.
Beauty influencers: Many beauty influencers use Amazon Live to showcase their favorite products and provide makeup tutorials.
Home decor brands: Companies like Home Depot and Ashley Furniture use Amazon Live to showcase their products and provide home improvement tips and inspiration.
As an Amazon seller or influencer, you can earn money by using Amazon Live to promote products and earn commissions on sales. The commission rates for Amazon Live sales are the same as for other Amazon platforms, ranging from 6% to 10% depending on the product category.
To calculate your potential monthly earnings on Amazon Live, you can use the same formula as for other Amazon platforms:
(Number of products sold per month) x (average commission rate) x (average product price)
For example, if you sell 100 units of a product with an average commission rate of 8% and an average price of $50, your monthly earnings would be:
100 x 0.08 x $50 = $400
Your earnings on Amazon Live will depend on a variety of factors, including the popularity of your products, the engagement of your live streams, and the effectiveness of your marketing efforts.
Amazon Posts:
This feature allows sellers to create social media-like posts to showcase their products and reach new customers.
Amazon Posts is a social media-like feature that allows businesses and brands to create product-focused posts on Amazon. These posts appear on the product detail pages of related items, as well as on the Amazon mobile app and the Amazon.com homepage feed.
Some examples of Amazon Posts include images and videos that showcase product features and benefits, as well as lifestyle shots that demonstrate how the product can be used. Brands can also include links to their product pages and social media profiles to encourage engagement with customers.
If you’re a brand or business owner, you can earn money by using Amazon Posts to drive traffic and sales to your products. By creating engaging and informative posts, you can attract new customers and build brand loyalty. The earning potential of Amazon Posts depends on factors such as the popularity of your products, the quality of your posts, and your overall marketing strategy.
While there is no specific commission rate for Amazon Posts, the platform provides a powerful way to boost your brand’s visibility and generate revenue. By creating high-quality posts and optimizing your product pages, you can increase your chances of success and earn more money from your Amazon business.
Amazon Business:
Amazon Business is a platform designed specifically for B2B sellers, providing business-only pricing, bulk discounts, and other features to help streamline the purchasing process for companies. Some examples of Amazon Business offerings include industrial and scientific products, office supplies, and healthcare products.
If you’re interested in selling on Amazon Business as a B2B seller, you can earn money by setting up a seller account and listing your products for sale. For selling on Amazon Business you need to pay a sign-up amount $39.99 a month + selling fees. Amazon charges a referral fee on each sale, which varies depending on the product category and price. As for monthly earning amounts, it can vary greatly depending on the number and type of products you sell, as well as your sales volume.
To get started with Amazon Business, you’ll need to create an account and go through the verification process to ensure you’re a legitimate business seller. You’ll also want to optimize your product listings with accurate descriptions, images, and competitive pricing to attract buyers. With the right strategy and attention to detail, you can potentially earn a significant income selling on Amazon Business. Here step by step processes to start selling on Amazon Business.
Register to sell on Amazon:
Register for a Professional Selling Account on Amazon.com. For existing sellers, you can add Amazon Business features easily through Seller Central.
Create a Business Profile:
Tell your unique story using our Profile Editor. You can add your quality certifications and diversity credentials for discerning business customers.
Set up your products:
Use our simple listing tools to add your entire catalog and the Enhanced Content feature to display additional product information to your customers.
Start Selling:
Reach millions of business customers already shopping on Amazon.
Conclusion:
Amazon offers a vast range of products and services that you can sell on its platform. By following the steps outlined in this post and staying up-to-date with the latest updates, you can find profitable products and services to sell on Amazon. Remember to check Amazon’s policies and procedures before selling, and ensure you meet all the requirements.
