Making money on Amazon is one of the fastest ways of getting quick cash. Amazon has been referred to as “one of the most influential economic and cultural forces in the world”,
This article contains detailed information on how to make money on Amazon without selling physical products. You may have heard about people making money on Amazon but wonder how they get to achieve it, never mind, this article is well-detailed to satiate your quest.
Amazon has many ways for people like you to make money, whether you have physical products or not. I will be listing out the different methods and I only need you to carefully review this list, select one or two of these methods, and implement them.
The more consistent you work with a particular strategy, the more you will grasp it, and the more rewarding the results will be.
Without wasting too much time, I will now proceed to list them and explain each step in detail.
Becoming an Amazon associate is one of the easiest ways to make money on Amazon without really selling a physical product.
With an Amazon account, you can join the Amazon Associates Program for free from any part of the world and become an associate.
How do Amazon Affiliates work?
Amazon’s affiliate network is also known as Amazon Associates. You may be familiar with the business model of affiliate marketing and affiliate links. This is a commission-based marketing strategy in which a third party provides a link to a product on their website; if someone clicks on this link and purchases the product, the third party (which is you) receives a commission. The percentage of the commission you get is dependent on the product purchased. This commission ranges between 1% – 10%
The Amazon associate program allows anyone with a blog or website to link to (or advertise) Amazon products on their site. Amazon pays the site owner a referral fee, which equals a percentage of the product’s price when a user clicks the link and then purchases the item.
This is highly common on content sites or influencer blogs, where individuals publish product reviews or recommendations and embed links within the text.
Please note that it is not compulsory to have a blog or website before you can make money through this program, the most important point to note is that you must create a platform which you can direct traffic from.
Some people create YouTube videos to direct traffic while some do through the different social media platforms out there.
Once you have decided on the best method to get traffic, then I’d advise you to sign up here. It’s that simple.
It is important that you take it to step by step, be patient and keep improving your content sites. You do not have to worry about the low commission.
Remember that you are dealing with one of the most popular online marketplaces in the world, and the potential to sell numerous non-physical products to an endless number of people should be your goal.
Have you heard about Amazon Mechanical Turk otherwise known as MTurk? It is an on-demand, scalable human workforce where people make money by completing tasks, also known as microtasks that humans can perform more effectively than computers.
Amazon Mechanical Turk is a subsidiary of Amazon.com, so its credibility, dependability, and trustworthiness are assured.
There are several ways to earn money on MTurk, but answering survey questions and performing data entry is the most common.
With this method, you can make as much as $50 a day depending on the task you partake in. It is also to be noted that this will not make you rich overnight but with consistency and choosing the right money-making gigs, you can easily achieve your financial goals faster!
Personally, I love to perform tasks on MTurk because I determine my own work schedule and decide which tasks to complete and since there are varieties of tasks available, I can always find tasks to earn extra cash to settle home bills with.
Merch by Amazon
Another great method of making money on Amazon without selling any physical products is by registering on Merch by Amazon.
Merch by Amazon is a source of income for designers. Here, Merch allows their sellers to upload their original designs on a t-shirt, hoodie, or other merchandise to earn a commission on every sale. It is that simple. You do not need any startup fee, maintain any inventory, get an office space, or handle the shipping to buyers. Merch by Amazon takes care of all these processes.
Simply get creative with your designs and get a computer.
Here are the simple steps required to join Merch by Amazon:
- Log in to Merch by Amazon, sign up, and create a unique design.
- Upload the design to any merchandise of your choice.
- Choose the color for your product and compose a product description.
- Amazon then assumes full responsibility for creating the product page, packaging, printing, fulfillment, and customer service.
Perhaps you may be thinking this opportunity is exclusive to designers. You do not have to worry. There are numerous free online design platforms, such as Canva where anyone without creative skills can create a unique design.
If you are void of ideas, you can make your way to Pinterest. Type in what you have in mind (for instance, kids’ shirt designs”. Several designs will pop up, choose the one that suits your interest and use that as a guide to creating your own unique design,
Once you have uploaded your design, written a good product description for your product, and made a sale, Amazon will pay you a royalty commission for the design uploaded. The royalty is based on the product’s purchase price, which Amazon determines after factoring in material, printing, and customer support expenses.
Amazon Gift Cards
Making money with Amazon gift cards is another method of generating income on Amazon without handling physical products.
They are most times seen as tickets to getting freebies.
They can be used to purchase items from online marketplaces and you may also use them to shop at renowned retailers such as Starbucks.
They may not be cash-convertible. However, they perform the same function as cash.
These gift cards are valid indefinitely and available in a range of denominations, from $10 to $2,000. Amazon gift cards allow you to buy products on Amazon.
Here are a few methods for earning Amazon gift cards:
- Join cashback and reward websites such as Swagbucks, Rakuten (Ebates), BeFrugal, Honey & Coupons.com
- Participate in surveys on websites such as Inbox Dollars Survey Junkie, and Swagbucks, to earn money.
- Join referral programs such as Ibotta to earn some gift cards for yourself.
- In addition, Tripadvisor, a website that allows users to book accommodations and leave feedback also appreciates customers with gift cards.
- Perform small tasks on sites like Branded Surveys, and Prize Rebel to earn Amazon gift cards.
These gift cards can be used in lieu of actual cash.
Consistency is crucial. You may not earn many points immediately. But if you consistently participate in programs, you can earn a substantial number of points. By the end of the month, you could exchange these points for gift cards.
You can earn money for yourself through Amazon Flex If you have a car and a valid driver’s license with zero investment.
Amazon Flex was launched to cater to its Prime users who opt for Amazon same-day delivery. The drivers can determine their own working hours themselves, make deliveries for Amazon during their free time, and earn between $18 and $25 per hour. You can run this business in your spare time.
Becoming a member of Amazon flex is easy, The criteria include
- A Car
- A smartphone
- Minimum age of 21 years
If you meet the requirements above, then download the Amazon Flex app on your phone and select your desired working hours.
To learn more about this business model, click here.
Selling Books On Amazon
Do you love to write? Have you written a book but have no idea how to get it published to earn money? Making money on Amazon by selling books is possible but you will need to follow the steps required.
This process is called the Kindle Direct Publishing Model. To publish books on the Amazon KDP platform, you need to have A computer system/Laptop, A good internet service provider, write the books, create the book cover, get the right keywords to promote your book to readers, and then upload your book to the Amazon KDP Platform.
Amazon would send you royalties based on the pricing you inputted at the time of the upload. The good thing here is that the more you write and publish books, the more royalties you get.
There are different categories of books you can sell on Amazon. You could either publish your book in an ebook format, or paperback, or create a low-content book or high-content book.
The choice is yours.
In this business model. there is nothing like handling the books, Amazon gets your books out to the customers.
Are you worried you may be unable to create covers? There are many marketplaces to get your book covers done such as Fiverr, Upwork, and Guru. Alternatively, you can create a book cover yourself using Canva
With the points so far, you now agree with me that It’s now easier than ever for anyone to make money by becoming a small business owner through Amazon without having to handle physical products.