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Make Money on Amazon in 2020 – 4 Killer Methods

E-commerce

Make Money on Amazon in 2020 – 4 Killer Methods

Clifton Mccoy January 14, 2020
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1 – Sell your own private label items on Amazon.

The best method to make money on Amazon in 2020 is still through private label sales utilizing
Amazon’s Fulfillment-by-Amazon (or FBA) network.

Private label is a process of assembling a pre-existing item (preferably, with item
improvements), putting your marking and logos on it, and selling it to consumers. Sometimes it
is referred to as white-labeling or brand-creation.

(The process has been around for quite a long time and is normal in countless retail stores;
Target’s Mainstays image and Walmart’s Great Value are two examples of private label brands.)
Because of FBA, Amazon can deliver your items (normally in two days or fewer — what you
likely know as Amazon Prime). This is the means by which e-commerce online income business
owners—like you and me—can list merchandise on Amazon and make money from the sales.

Amazon makes private labeling even easier gratitude to a number of advantages:

1. First, you can use a device like Jungle Scout to estimate the sales your item will make once
it’s on Amazon.

2. Next, it’s easy to source and manufactures your items with the help of stages like Alibaba or
Jungle Scout’s Supplier Database.

3. Finally, after you’ve created your item, you can sell it on Amazon utilizing FBA. You don’t
even have to send your very own orders!

What amount of money would I be able to make selling private label items on Amazon?

Approximately $625 to $1,875 per month per item.

Consider that most sellers on Amazon sell items that result in 100 to 300 sales per month. The
average outsider item sells for $25, with gross net revenue of 25%. That indicates $625 to
$1,875 per month per item.

Where would I be able to learn more about selling private label items on Amazon?

In the event that you need to learn more about how to make money on Amazon with private
label items, Jungle Scout offers a free course to help you get started: How to sell on Amazon
FBA for beginners.

2 – Publish your own books on Kindle Direct Publishing.

Amazon Kindle Direct Publishing (KDP) enables you to distribute your own books on Amazon,
and this is my second favorite approach to make money on Amazon. (In any case, that is most
likely because I’m a professional writer.)

Then once more, notwithstanding computerized configuration, you can print genuine copies of
your book as well. Amazon’s CreateSpace prints on demand!

The main catch with this choice is that you, as a rule, need to write somewhat productively so
as to discover success. In spite of the fact that it is possible to distribute one or two
uncontrollably well-known books, the volume is the true name of the distributing game.
The more you write, the more you make.

What amount of money would I be able to make composing for KDP?

Up to $40,000 per month.

I’ve heard that some creators make as much as $40,000 per month. These writers, however,
tend to be productive and write topically to pick up notice.

Once you write the material, you don’t have to write it once more! Nor do you have to stress
over inventory.

How might I learn how to make money on Amazon with KDP?

While I don’t know about a specific course, I trust for teaching this specific method; I do trust
Tim Ferriss.

What’s more, coincidentally, the serial entrepreneur wrote an interesting article on the best
way to become a Kindle millionaire.

It’s definitely worth a read on the off chance that you need to make money on Amazon with
KDP: How to make $1,000,000 selling e-books strategies and case studies.

3 – Sell wholesale products on Amazon.

Like Private Label, selling wholesale involves obtaining mass quantities of the item to sell
utilizing Amazon’s FBA network.

The essential difference, however, is that you are selling other companies’ items. Therefore,
you don’t have to stress over assembling and marking the items.

For a lot of sellers, it’s one of the most well-known approaches to make money on Amazon.

What amount of money would I be able to make selling wholesale merchandise on Amazon?

Up to $3,000 – $4,000 per month.

While wholesaling on Amazon has become famously more troublesome over the most recent
couple of years, it’s as yet a great method to earn money.

Despite the fact that I’d argue that it doesn’t have the adaptability of private label items.

Likewise, it’s much more competitive. You won’t be the just one selling those items on Amazon.
So, it can sometimes be a “race to the base” on prices was the main “lever” sellers have to
compete with each other is through lowering their price relative to their competitors.

In addition, the benefit is all in the purchase. On the off chance that you can’t purchase your
merchandise at a low enough cost, you won’t make money.

All things considered, you might make a few thousand per month as a wholesale seller on Amazon.

How might I learn to make money on Amazon selling wholesale products?

Our friends over at The Wholesale Formula are extraordinarily successful wholesaling on Amazon.

They have plenty of bits of knowledge and pivotal preparing projects to help new and old
wholesale sellers: The Wholesale Formula. In addition, you can use Jungle Scout’s Product
Database to sort and discover worthwhile items to sell.

4 – Deliver merchandise for Amazon.

At this point, you presumably realize that Amazon has its very own delivery service. Yet, did you
realize that you can join Amazon’s delivery fleet as a driver?

They may even compensation you $10,000 to get started!

Amazon’s Flex program enables you to do only that. You should simply answer a speedy
questionnaire, download their application, and, in case you’re accepted, you start profiting.

Consider it Uber, however, for Amazon deliveries.

What amount of money would I be able to make on Amazon filling in as a Flex driver?

Approximately $100+ per day.

As indicated by Flex’s homepage, Amazon pays drivers between $18 – $25 per hour, and the
movements are normally five hours in length.

I’ve likewise read stories that even if drivers finish their days of work early, regardless, they get
compensated for the entire five hours.

Not an awful deal for $100+ per day.

How might I learn to make money on Amazon as a Flex driver?

Normally, the best method to learn how to succeed with Flex is through their site: Amazon Flex.