This video is about 14 different ways to earn money from Amazon, including selling products on Amazon, using Amazon Business as a wholesaler, and making money through Merch by Amazon by uploading designs to be printed on various products.
This video by
John Crestani was published on Nov 15, 2021. Video length: 20:32.
This video is about different ways to earn money from Amazon.
The video discusses 14 different opportunities, including selling products on Amazon, becoming an Amazon wholesaler, and using Merch by Amazon to sell custom designs on various products.
The video also mentions the potential challenges and fees associated with these methods, as well as the presence of scammers in the Merch by Amazon program.
Amazon sells $100 billion worth of products every quarter.
Over 50% of products sold on Amazon are sold by individuals who run online businesses on the platform.
Creating an account and selling on Amazon costs $39.95 per month.
Sellers on Amazon have to pay various fees, including shipping, warehousing, packaging, and processing fees.
The Amazon marketplace is currently saturated, making it difficult for new sellers to enter without a unique product or angle.
Amazon Business is a program where sellers work with Amazon's business customers as wholesalers.
To be successful with Amazon Business, sellers typically need to invest around $50,000 in inventory.
Merch by Amazon allows users to upload designs that can be printed on various products without the need for inventory or upfront investment.
Other ways to earn money from Amazon include the Amazon Affiliate Program, Kindle Direct Publishing, Audible Audiobook Creation Exchange, Amazon Mechanical Turk, and Amazon Handmade.
14 Ways to EARN MONEY from Amazon - YouTube Selling Products on Amazon Amazon sells about $100 billion worth of products every quarter. Over 50% of the products sold on Amazon are sold by individuals who run online businesses on the platform. It costs $39.95 per month to create an account and start selling on Amazon. Sellers on Amazon have to pay various fees, including shipping fees, warehousing fees, packaging fees, and processing fees. The Amazon marketplace is currently saturated, making it difficult for new sellers to enter unless they have a unique product or angle. Amazon Business Amazon Business is a program where sellers work with Amazon's business customers as wholesalers. Similar to selling products on Amazon, there is a $39.95 monthly fee to sign up for Amazon Business. To be successful with Amazon Business, sellers typically need to invest around $50,000 in inventory. Buying inventory is necessary because it's hard to predict which products will be successful on Amazon. As a beginner, it's recommended to start with at least five different products and spend around $50,000 to have a chance at success. Merch by Amazon Merch by Amazon allows users to upload designs that can be printed on various products, such as t-shirts, mugs, pens, and socks. There is no need for inventory or upfront investment to get started on Merch by Amazon. Some users take designs from other sources, such as Etsy or other Merch by Amazon listings, and sell them as their own. Third-party research tools, like Merch Informer, can help users find trending and popular designs to upload. Merch Informer also offers a browser extension to streamline the design uploading process. 14 Ways to EARN MONEY from Amazon - YouTube Other Ways to Earn Money from Amazon Amazon Affiliate Program: Earn commissions by promoting Amazon products and driving sales through affiliate links. Kindle Direct Publishing: Self-publish eBooks and earn royalties from sales on the Kindle platform. Audible Audiobook Creation Exchange (ACX): Create and sell audiobooks on Audible, an Amazon-owned platform. Amazon Mechanical Turk: Complete small tasks or surveys for pay. Amazon Handmade: Sell handmade products on Amazon's dedicated marketplace for artisans. Selling Designs on Amazon People are making money by selling designs on Amazon by looking at what is already selling on other platforms such as Etsy and Teespring. Merch by Amazon is a money-making opportunity, but it's important to avoid using copyrighted content. Researching and finding popular designs can help increase sales. Creating unique and high-quality designs can attract customers. It's important to understand copyright laws and avoid infringing on others' intellectual property. Amazon Handmade Amazon Handmade is similar to Amazon selling, but it focuses on handmade goods. There is a monthly subscription fee of $39.95 to start selling on Amazon Handmade. Amazon takes a 30% commission on sales made through the platform. Refund policies on Amazon Handmade can be challenging for sellers, as customers can request refunds within 30 days of payment. Having your own audience or word-of-mouth network is crucial for promoting products on Amazon Handmade. Amazon Affiliate (Amazon Associates) Amazon Affiliate allows you to earn roughly 5% of anything purchased by customers who click on your affiliate links. It is commonly used by influencers and content creators to earn supplemental income. Having a large viewership or traffic is essential for maximizing earnings through Amazon Affiliate. Other affiliate programs, such as ClickBank and CPA networks, may be more profitable for those with smaller audiences. Entering tax and bank information is necessary to get paid through Amazon Affiliate. Amazon Influencer Amazon Influencer is similar to Amazon Affiliate, but with an easier sign-up and application process. All you need is a social media profile to sign up for Amazon Influencer. Entering tax and bank information is necessary to receive commissions. Amazon Influencer is a great way for influencers to earn additional income by promoting products on social media. Having a strong social media presence and engaged followers can increase earnings through Amazon Influencer. Amazon Flex Amazon Flex is a program where you can drive delivery vans for Amazon. Most drivers earn $18 to $25 per hour, but actual earnings depend on location, tips, and delivery time. Amazon guarantees at least $15 per scheduled hour, but you need to consider gas costs and wear and tear on your vehicle. To make money with Amazon Flex, it's recommended to have an electric vehicle to save on gas expenses. Amazon Flex operates in 850 major cities in the US and requires drivers to be 21 years old with auto liability coverage. Amazon Delivery Partner Being an Amazon Delivery Partner means running your own fleet of drivers as a franchisor for Amazon. This opportunity requires an investment of at least $10,000. Amazon is looking for leaders who can recruit and manage teams of drivers. Approximately 84% of Amazon Delivery Partners achieve profit, but there are concerns about how drivers are treated. There have been reports of drivers feeling like they are treated like robots and media propaganda against Amazon. Income Opportunities 9, 10, and 11: Amazon Apps, AWS Apps, and Alexa AI Skills These opportunities are for highly skilled developers with pre-existing relationships with big companies or the ability to create apps that get ranked in marketplaces. If you don't have technical skills or connections, it's best to skip over these opportunities. Income Opportunity 12: Kindle Publishing Kindle publishing involves putting ebooks on Amazon. By creating cheap informational books on high pain point topics and including affiliate links, you can earn a substantial income. While it may not make you rich, it can provide supplemental income with marketing knowledge and niche research. Income Opportunity 13: Prime Video Content Unless you are a big brand that can sell content and shows to Amazon Prime, this opportunity is unlikely. Connections and applications to the program may not lead to success. Income Opportunity 14: Twitch Top Twitch streamers make millions of dollars a year, with the top streamer earning over five million dollars. Twitch pays out a billion dollars a year to streamers. Building an audience and having about 250 active viewers per stream can lead to a full-time income. It's achievable with hard work and dedication.
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14 Ways to EARN MONEY from Amazon - YouTube