Amazon Marketplace – This Weeks Top Stories About Making Money on Amazon Without Selling
More people are shifting their interest in online selling over the last five years. More than two billion individuals around the globe purchased products and services online in 2020. This number expects to grow in the years to come. In the same year, eCommerce sales performance surged to more than 4.2 trillion dollars.
Amazon is one of the top money-making eCommerce sites that have helped entrepreneurs to generate money. The company opens its door to anyone who wants to make money and become an Amazon bestseller. Even if you have no product to sell, you can still earn extra income on Amazon without selling.
Check out this week’s top stories about making money on Amazon without really selling:
Why Choose Amazon?
Amazon is the best platform for selling because it is a moneymaker. Over the past 20 years, Amazon’s gross market value rose to $344 billion on online international retail. Its outstanding record is unsurpassed since its establishment in 1994.
Amazon Marketplace sales in 2017 represent 20 percent of the overall retail sales of eCommerce.
Amazon is undoubtedly the most trusted and stable eCommerce site that offers various ways of selling without a product or service to sell.
Based on its record-breaking sales performance, 89 percent of American shoppers prefer to buy from Amazon than its competitors. Since its launch, the Amazon marketplace earns loyal customers because of its standard in building customer trust and unending customer loyalty. Unlike other eCommerce sites, Amazon’s services are numerous. It offers lots of income-generating opportunities for people who want to grow their money online.
Top Stories about Making Money on Amazon without Selling
You have heard stories of people use Amazon to earn without selling a product or service. Here are the top stories on how you can generate income on Amazon:
- Publish Digital Books
If you are good at writing, this tip is best for you. Through the Amazon Kindle Direct Publishing (KDP), you can sell your eBooks without hassle within 1 to 2 days. You have the freedom to set the price and earn up to 70 percent royalties from the sales.
Aside from digital kindle books, you can also sell printed hard copies to customers. Reaching your dream to become a bestselling author on Amazon depends on your book’s performance. Choose a niche that is interesting to readers so that the book will sell itself. You have no publisher or a talent agency that will do the marketing for you.
- Try Merch by Amazon
Are you artistic? If so, this is your chance to earn extra income by creating custom merchandise, such as mugs, t-shirts, and umbrellas. You don’t need to send your products to Amazon to get started. All you need to do is upload the design, choose a product type, size, and color.
Amazon will create your product page and take charge of the production, customer service, and shipping. You will receive a royalty fee for each item sold. Your earnings depend on the sales revenue of your product and the price at Amazon.
3. Join Amazon’s Trade-In Program
This money-making method allows you to trade in items that you no longer want for Amazon credit.
The income you generate from exchanging unwanted items depends on how shoppers react to your offer.
Although there is not so much money to earn in this method, you will receive a certain percentage from the original retail cost of the product as credit.
A product that you don’t care about can give you extra money as credit rather than allowing it to rot in your basement is a practical thing to do. Make sure that the item is not junk, as Amazon will not accept it.
4. Become an Amazon Influencer
Under Amazon affiliate program, you can earn money as an Amazon Influencer. It is a different program from Amazon Associates. As an influencer, your responsibility is to promote their products on social media. It works best for people who have a wide following on Facebook, YouTube, Twitter, and Instagram.
You will earn a commission every time your follower purchases the product you promoted. Amazon will send you a webpage URL to browse the items that you will promote on social media. The secret here is to discover which item your follower would likely purchase.
5. Work as an Amazon Representative
Working as an Amazon representative from the comfort of your home offers you lucrative income. Amazon has more than 650,000 employees across the globe after the acquisition of Whole Foods. You can work as a part-time or full-time employee, and your salary depends on your position and type of job. You get paid by the hour.
6. Offer Your Service
Build an income by offering your service on Amazon marketplace. Share your skills and talent through different services to potential clients. Amazon will help you connect with people who want to learn something like playing a musical instrument, voice lesson, or school subject.
Amazon does not require you to pay a monthly subscription, registration fee, or advertising fee. They only need you to submit a document for general liability insurance with an occurrence cap of $1,000.000.
7. Join Affiliate Program
This program offers you opportunities to earn more money without a product to sell.
As a community moderator, you use your vlog or blog to recommend products on Amazon in a product category that is appealing to your readers or audience.
You will earn a commission every time your audience clicks the affiliate link and buys the product.
The percentage of the purchase price of the items sold that you will receive depends on the product category.
8. Work at Mechanical Turk
A great way to earn money on Amazon is through Mechanical Turk. Some tasks include validating content, answering surveys, uploading videos or photos. You will be working in your home without pressuring yourself to finish some tasks each day. It is your discretion if you want to earn more than $10 an hour.
Once you are earning in Amazon without actually selling, you might want to know the things you need to avoid to keep your account going. Check out Things You Should Never Do to Get Your Amazon Account Suspended
How to earn money from selling heavy products without losing profit due to shipping costs?
A postal system is a cheap form of shipping your products. Postal offices of some countries provide a business solution number that you can use in sending your product to its final destination.
Is it mandatory to declare my tax information on Amazon as a seller?
As a vendor on Amazon, you are required to supply your tax information if your sales are over $20,000 for the unadjusted gross sales or you have reached over 200 transactions. It is part of the legal requirement between you and Amazon.
Is a business license a requirement to sell on Amazon?
You are free to open a business on Amazon without a business license or permit. You are only required to secure a business license as a DBA (Doing Business As.)The purpose of DBA is to notify the general public that you are doing a business.
Selling without a product is possible on Amazon. You have a lot of options to capitalise on this platform. Your initial step is to research how to build your business. Whether you are an author, small & medium-sized entrepreneur, or content creator, there’s a wide range of earning opportunities to get started.