How to Make Money on Amazon Without Selling Products For Beginners

How to Make Money on Amazon Without Selling Products For Beginners

 

It doesn’t get much bigger than Amazon when it comes to making money online. Amazon is a great place to start for any entrepreneur looking for a new way to generate income. They provide a number of options for you to share the wealth through their platform.

Why Amazon?

Amazon reported a net income of 33.36 billion US dollars in 2021, up from a net income of 21.3 billion US dollars the previous year. The company’s sales revenue totaled more than $469 billion during the same fiscal period.

There is money to be made on a variety of online shopping platforms, but Amazon is the largest and, arguably, the most versatile option, whether you’re selling or earning money from products and services.

Whether you sell something or not, there are numerous ways to make money on Amazon. In this article, we’ll look at the top five ways to make money on Amazon without selling physical products.

1. Amazon Affiliates

Amazon has an affiliate program in which if you have a YouTube channel, a blog, or a social media presence, you can recommend products from the Amazon website and receive a commission if the customer purchases that product. You can earn referral commissions ranging from 4 to 10% of the product’s price by recommending interesting and high-quality products (found on Amazon) to your audience. I personally promote products on Amazon and earn at least $500 per month on average, which is considered passive income.

Obviously, Amazon is a massive platform, so the chances of someone else doing more shopping on that website within 24 hours are quite high, and it’s a great opportunity for you to build up some side income if you have a social media presence, a YouTube presence, or perhaps a website or a blog.

This business model is known as affiliate marketing. If you want to take this business model to the next level, I recommend checking out my # affiliate marketing system known as a 15-day affiliate marketing challenge. This challenge is only $7 at the time of writing, so if you can skip lunch at McDonald’s for the day, you can do it. This affiliate marketing challenge is fantastic because it will teach you email marketing, email automation, basic web design, funnel building, copywriting, and much more.

2. Invest in Amazon stocks



Another way to make money from Amazon without reselling physical products is to invest in Amazon on the stock market, which is something I did in mid-2017 when I didn’t know much about the stock market. Essentially, you will buy Amazon stock when it is cheap and then resell it when the price rises. For example, when I first purchased Amazon stock in 2017, the price per share was around $800, and as of this writing, the price of Amazon stock is $2,200/share, which is completely insane. I’m glad I haven’t sold any of my shares yet.

Granted, investing in the stock market can be risky, especially with individual stocks, but you stand to profit more in the long run. Before making any investment decisions, you should always consult with a financial advisor and only invest money that you can afford to lose. If you’re interested in looking into Amazon stock (AMZN) or stock investing in general, I highly recommend this app called Acorns, which allows you to trade stocks with no commission, which is absolutely fantastic.

3. Amazon Flex

Amazon flex is similar to Uber for Amazon parcels, and all you need is an Amazon flex app on your phone. You schedule a time to go work and deliver parcels for people, and you don’t need a van or anything like that. You can do it in your own car and get paid anywhere between $18 and $25 per hour. Actual earnings will depend on your location, any tips you receive, the time it takes you to complete your deliveries, and other factors. This is usually where you become an Amazon independent contractor, which is a good way to supplement your income and get closer to your goals.

4. Selling your profitable deals to a deal broker

Another way to make money on Amazon without reselling physical products is to sell your profitable deals to a deal broker.
sheet supplier So, just to clarify for those who are probably a little confused, on Amazon, there is a business model known as retail and online arbitrage. This business model consists of going to retail stores, buying products on the cheap, and then selling them on Amazon for a profit.

Some people actually sell the deals they find in stores to what is known as a deal broker. A deal broker is essentially a service that they provide to Amazon sellers in which they provide them with x number of deals every single day that they can go out and purchase in the store and then sell on Amazon for a profit. I know what you’re thinking: why wouldn’t they just buy the deals for themselves? Here are some of the reasons why they might do so.

  • Perhaps they aren’t interested in storing products and selling them on Amazon or elsewhere.
  • They may already be selling on Amazon, but they lack the funds to purchase new products, so they are simply selling the deals they find in order to raise a small amount of capital.
  • Perhaps they simply enjoy doing this more.

I know people who have done well with this business model. You can use a platform like onlinearbitragedeals, and all you have to do is submit a deal that meets the specific criteria that they are looking for, and they will pay you about $12 for each deal that you find, which isn’t too bad considering you don’t have to pay anything upfront to buy the products or anything like that. All you have to do is find a profitable deal that sells well on Amazon and they will give you the money almost instantly, so that’s a really cool way to make money without investing or risking any capital upfront.

5. Merch by Amazon

For those who are unfamiliar with Amazon merch, it is a print-on-demand service that allows you to upload your own t-shirt designs, mug designs, or anything else to Amazon, and they will then list your design on their website, and if someone purchases your t-shirt design from Amazon, they will print the design onto the t-shirt for you and then send it to the customer.

This is great because you don’t have to buy physical t-shirts; all you have to do is upload your designs to Amazon and if they sell, you get paid after Amazon takes their cut. Amazon merchandise is currently in extremely high demand.

Bottom Line

If you’ve been wondering how to make money on Amazon, you might be surprised at how simple it can be. Whatever type of Amazon business you want to start, you can make a lot of money with just an Amazon account as your initial investment.



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