I still don’t get it how some people still doubt about making money online much less on Amazon. Can you make money selling on Amazon? YES! You must have noticed I used the capital letters for the word ‘’ yes’’ because it is possible and doable the only thing is how you approach selling on Amazon. You don’t just get up one morning and decide to start selling on Amazon; I guess that won’t be possible if you don’t have the prior knowledge of how to go about doing so, right? So, you must start first of all by asking questions like the one you asked that got you here in the first place, like ‘’can you make money selling on Amazon?’’ then from there you will get acquitted with other things you should know.
Let’s start by answering your question first.
Can You Make Money Selling on Amazon?
If you haven’t noticed, people from around the world buy stuff from Amazon especially people from US, Canada, and the UK. There are massive buying and selling on Amazon every day and both parties are enjoying the benefits of Amazon because their services are great, from the price to shipping. These qualities made Amazon have an edge over Wal-Mart.
Now, there are two ways you can make money by selling on Amazon, and that is by listing and selling directly your own product or by selling other peoples’ product. Let me explain a little more for you to understand how it works.
Selling your own Product(s) on Amazon
You can choose and list products on Amazon’s network and have them sold through Amazon. You will have to deal with the shipping aspect, though. In this model of making money, I don’t really dig it, you know why you will have to source for the product and ship it. And if there is any issue after shipping and the customer doesn’t like it for whatever reasons, you have to deal with it as well. That is why customers are complaining about the horrible customer service they are receiving from some vendors on other selling networks. But I always advise any person to buy from Amazon, and before he does he should check the vendor’s customer service rating to know if the vendor has a good rating in order to avoid frustrations when he has to contact the vendor because of any issue with the purchase of the product.
Now that is how you can make money selling on Amazon as a Vendor, you can make a whole lot of money but with the problem of handling the shipping and the rest. And if I may be asked, I don’t want to have anything to do with all of that believe me.
You can make money selling other people’s product on Amazon
This one I like, and as a matter of fact, I sell products that I don’t actually own on Amazon! Yes, I sell them and I receive commissions, without having to deal with sourcing for the product which sometimes might require a huge amount of money, and I don’t have to deal with shipping and dealing with issues arising from products that are rejected. You see the reason why I prefer the latter instead of the former? To make money stress free, while others are handling the issues that might spring up after sales.
How do you do that?
How do I what? Make money from other people’s product? Simple, I sign up as an affiliate with Amazon Associate, that way I will have an account with Amazon to market whatever product that pleases me and when anyone is sold I receive a commission. Basically, I don’t use this website for selling Amazon products but I use my other website to do so.
If you visit the site, you will notice that I reviewed an elliptical trainer, which I also put my Amazon link for sales, just in case the person reading decides to buy this machine, I will get my commission, pronto! It is as simple as that, but it won’t become simple as that until you get some ground work done.
And you can imagine the number of people that will be visiting the website and be making a purchase on any of the products I have reviewed and recommended because there are so many other products like that, that I reviewed. I think that will be a lot of money, and still, I don’t have any product in the real sense but I am making money from other people’s product.
The selling of other people’s product is also referred to as affiliate marketing in a nutshell. But in case you wish to know what is affiliate marketing you may click on the link to read in detail what affiliate marketing is all about.
How do I get paid?
You get paid by direct deposit to the bank (minimum of $10), which is available to US residence alone, also receive payments by cheque (minimum of $100) or by Amazon Gift Card (minimum of $10). Now, a lot of people that are not from the USA, usually have a problem on how to get their money from Amazon. I am not a US residence but I am receiving my payments from Amazon. How I did it? I simply got a third party involve which called Payoneer, ever heard of it? This company helps in getting money from companies like Amazon and the likes for you. You can simply do any business with any US companies and simply have your money deposited in your Payoneer’s account.
The good thing is that Payoneer operates in almost every country and can use their prepaid Card to withdraw your money or you can direct them to pay into your local bank account. Simply click here to open an account with Payoneer, it’s FREE.
Enough of payment and Payoneer.
Other Affiliate paying programs like Amazon
Amazon gives its new affiliates 4%, but you will receive 6% to 10% worth of the product sold by the time you have made multiple sales of about 7 times and upward. However, there are other affiliate paying programs that also pay much more, such as:
- Monster.com- 12 to 17% per sale
- Zappos.com- 8 to 18% per sale
- Care.com- $50 per sale
- Verizon Wireless- 25% per sale
- Skin Store- 8 to 10% per sale
- And much more.
There are several of these programs on the internet, the only thing is to know your area of business and know which one of them will suit you the most.
In a nutshell, you cam money from selling on Amazon, but if you don’t know how to get started or you need someone to hold you by the hand and walk you through it, then I would suggest my #1 recommendation that will teach you how to be an affiliate expert that will stand out at what you do. The process will be very easy and simple to you before you know what is happening you will be making your own money through Amazon or any other affiliate program of your choice. But you need direction and a good one that will help you to be on the right track. That is why I chose Wealthy Affiliate for you to excel in your effort of becoming an affiliate.
Therefore, make that decision now and take ACTION, which will change your life forever.
If you have further questions, comments or contribution, please feel free to post it in the comment box below.