5 Best Ways to Make Income from Amazon
Selling in Amazon was never easy for many people, that is because of competitive pricing. Many individual sellers always look for making a full-time income by selling online. Importantly, selling in Amazon is all about inventory and quality. Apart from having a good inventory, there are many ways to make a full-time income from Amazon. Let’s look at some of them;
1) Amazon seller
If you have some items or knows the high demand items where you can get it for less price, try selling those items in amazon. Amazon nowadays is highly competitive in pricing. One who gives the best price will win the Amazon buy box. Use online software to identify high search ranking products, find the cheapest source where you can buy and later sell in amazon. Finding more affordable products to sell is the most common method everybody does and earn an amazon seller tag.
Selling in Amazon is never about having a large number of items in your seller account. In other words, making money by having tons of products in an inventory will not get you a full-time income. Having too many products will only increase the expense, and you end up paying Amazon for listing. It’s all about how fast your inventory goes out-of-stock. So having a strategic plan helps to sell large quantities quickly. One must identify the proper amount of demand for an item in Amazon. In addition, most trendy products are found in amazon search history, trend analysis, geographic location, price, festival or holiday season, buy box history, competitor’s stock, and many other factors.
2) Private Label Products
Creating private labelled products involves market research. In which, One must identify best selling “Generic” products and later pack and sell in your logo. However, if you have already had one of these product design and manufacture setup, it is quite easy to sell and earn income in Amazon.
The best selling product list is one of the best databases to decide on identifying the product. Once the product is decided, the next big step is to identify the supplier. Alibaba is one of the best platforms, where one can identify the supplier. Finally, contact the supplier, order the intended quantity and you can sell those products under your label.
3) Wholesale
Wholesale is a comprehensive strategy that is practised by many amazon sellers to earn income. It is very similar to a private label, but you will sell some other company products. The main factor when it comes to wholesale is identifying the cheaper source and quantity. More significant the shipment, the lesser price you can buy and sell for the right margin. Also, one must consider the demand and supply of the item you wish to sell in Amazon.
4) Selling unique items by Arbitrage
If you good source of unique items, one can use that as leverage to sell those items in Amazon. This is quite a unique method and requires a lot of knowledge on the product itself. Also, it is tough to sell in Amazon, since the number of buyers is limited. One can buy some unique stuff like Jordan shoes, or something collectables from eBay or directly from the source itself and sell in Amazon.
5) Kindle Book
If you are an expert on a specific matter, start writing and book and sell in Amazon Kindle Direct Publishing. No need for publishing headache or print and market. Createspace is one more platform where one can publish hard copies on-demand versions as well. Above all, if you are a good writer and have tons of ideas, this is an amazing opportunity to become a writer.
Bonus
Amazon affiliate program offers some share if someone buys an item from your referral link. If your popular blog or social media platform, this is one more amazing opportunity to earn a passive income.
At last, One more amazing chance is to become a member of the Amazon Vine program. This is handpicked by amazon itself. One requires patience and an honest review of the particular item to become one of Amazon’s trusted reviewers. Amazon Vine program doesn’t offer any fees or money, but it does give away free products to review. From iPhone to many expensive items, one can get it for free. However, these reviewers sell those free products later on eBay.
