There’s a reason why Amazon.com is the largest online retailer in the U.S. It’s truly amazing how much influence Amazon has on our daily lives as consumers. Odds are that you’ve recently ordered something from their website.
In 2015, it was estimated that 44% of all items on Amazon sales worldwide were from third-party sellers. For the first quarter of 2016, the online retail giant said it pulled in a net income of $513 million on revenue of $29.1 billion. And that numbers continues to grow.
With the rapid growth, they are offering various services. You might not know this but there are a handful of ways you can make money on Amazon. I’ve listed six different ways you can make money on Amazon.
Amazon Marketplace is their most profitable platform. They allow third-party sellers to offer products on Amazon either merchant fulfilled or their popular FBA (Fulfillment by Amazon) platform. People can sell almost everything from groceries to their own private label products.
Amazon Associates is their affiliate program that they offer to people for products they offer. The way it works is you refer a consumer to buy a certain product that is associated with a unique link with your affiliate ID. When a person buys the product through your unique link you get a small commission.
Merch by Amazon
In September of 2015, Amazon launched their program called Merch by Amazon. The relatively new program is taking on the print on demand (POD) industry for t-shirts. It’s basically Amazon’s version of CafePress, Zazzle and other companies offering the POD service.
With Amazon Flex you’re given the opportunity to deliver packages for Amazon using your car and smartphone. At the time of writing this Amazon Flex is only available in selected cities. It’s like Uber but instead of driving passengers you’re delivering Amazon packages.
Mechanical Turk allows an individual to do tasks using human intelligence when computers can’t do the job. Employers are able to post jobs known as Human Intelligence Tasks (HITs). The jobs can be anything from translation to administrative work.
Kindle Direct Publishing
Kindle Direct Publishing allows everyday people to independently publish their book directly to Kindle devices. Once you publish your book on Kindle you can then expand your book on Createspace and ACX.