Are you looking for some quick ways to make money on the side? With the increased demand for online services, it’s no surprise that many people turn to Amazon to find opportunities to make extra cash. Starting an Amazon side hustle is a great way to do it, and it’s surprisingly easy to get set up.
With low startup costs, excellent earning potential and the option of flexible working hours, who wouldn’t want to get in on this?
This article will cover three easy ways to start your Amazon side hustle, plus three bonus ideas to make money via Amazon, though they require more time and effort. Read on to unlock the secrets to Amazon’s success!
Benefits of Starting an Amazon Side Hustle
- Low Startup Costs: It’s a low-cost way to get started. Instead of investing in expensive inventory or opening up a brick-and-mortar shop, you must create an Amazon seller’s account and start selling. Amazon provides all the tools you need to get started, such as a payment gateway, product listing tools and customer service tools. There are no upfront costs, making it an attractive option for entrepreneurs starting just now.
- Make Money From Home: You need an internet connection, and you can start listing and selling products on Amazon! Amazon also provides services to help you sell your products, such as customer reviews and ratings, marketing tools (PPC), customer service tools, and more. This makes it much easier to manage your business without having to handle multiple accounts and payment gateways.
- Make Money 24/7: With an Amazon side hustle, you can make money 24/7, as customers can buy your products any time of the day or night. This means you don’t have to worry about taking time off from your regular job or fitting in your business around other commitments.
3 Easy ways to start Your Amazon Side Hustle
Flip-Store Bought Products Via Retail Arbitrage
Retail arbitrage may be the perfect opportunity if you’re looking for an easy way to begin your Amazon side hustle. Retail arbitrage involves buying products at a lower price from retailers like Walmart and Target or even online marketplaces like eBay and then reselling them on Amazon for a higher price. This can be a great way to profit by taking advantage of price differences between different retailers.
- The key to retail arbitrage success is finding products sold for a lower price than their market value. To do this, you need to research the prices of products across different retailers to find the lowest possible prices. This can take some time, and it’s important to remember the product cost, shipping costs, and the listing fee when calculating your potential profit.
- Once you’ve found a good deal, it’s time to purchase the product and list it on Amazon.
- Amazon’s guidelines clearly outline the rules for listing products, so ensure you’re familiar with them before you start.
- You’ll also need to have an account with one of Amazon’s third-party sellers, such as Fulfillment by Amazon, to list your products.
Retail arbitrage is a great way to start your Amazon side hustle with minimal startup costs. You can begin with a small investment and build your business over time. If you’re willing to do the research, you can profit from retail arbitrage. Just remember to factor in the costs of the product, shipping and listing fees before you commit to any purchase.
Amazon Affiliate Marketing
Are you looking for an easy and financially rewarding way to start a side hustle? If so, Amazon affiliate marketing might be the perfect solution! With Amazon’s generous affiliate program, you can make money by promoting products sold on your website, YouTube, and/or social media accounts. After every sale through your unique affiliate link, you get a commission ranging from 1% to 20%.
- Getting started with Amazon affiliate marketing is straightforward. First, make an Amazon Associates account. You’ll need to provide basic information, such as your website address, contact information, and email address. Once approved, you can start browsing Amazon’s thousands of products and select which ones to promote.
- Once you’ve chosen which products to promote, creating an affiliate link for each product is next. This is a unique URL that you can share with your followers or put on your website. People who click on this link will be taken to Amazon’s website, where they can purchase the item. Any purchases made through your link will earn you a commission.
- Finally, you’ll need to get word about your affiliate link. You can share your link on social media or include it in blogs, emails, or other online content you create.
With these three easy steps, and some Amazon advertising software, you can start Amazon affiliate marketing and earn money with your side hustle. With persistence and creative promotion, you’ll soon be making a nice side income from your Amazon side hustle!
Amazon Mechanical Turk
Amazon Mechanical Turk (or MTurk as often called) is an excellent platform for anyone looking to make a quick buck on the side. For those unfamiliar with MTurk, it is an online crowdsourcing platform that allows businesses, researchers, and other interested parties to outsource small tasks to an online workforce.
These tasks range from simple data entry to tagging images, taking surveys, and transcribing audio recordings. You can set up your own side hustle with Amazon Mechanical Turk and earn some extra money with a few simple steps.
- The first step to starting your Amazon Mechanical Turk side hustle is to sign up for an account. All you need to do is provide basic information, like your name, number, address and email address, and you’ll be ready to start accepting tasks.
- Once you’ve created your account, you can browse the MTurk marketplace for available jobs. You can also create your own job postings if you want someone to complete a specific task for you.
- The third step is to manage your account. This includes setting payment preferences and working with employers. You can also use the platform to track the progress of your tasks, see the ratings and feedback you receive, and improve your ability to complete tasks efficiently.
You can start your Amazon Mechanical Turk side hustle with these easy steps today. Whether you’re looking to earn some extra money on the side or find full-time work, MTurk is a great platform to help you reach your income goals.
3 BONUS Ways to Make Money Via Amazon (But Require More Time)
We’ve already gone over the three straightforward ways to get started with your Amazon side hustle. If you want something a little more involved and time-intensive, which could bring you higher returns on your investment, then these three methods are worth exploring.
- Amazon Kindle Publishing: If you have a knack for writing, Amazon Kindle can be a great way to turn your love of writing into a profitable side hustle. With Kindle, you can upload and publish your e-books and earn royalties for each sale.
- Amazon Private Label: This requires considerable effort and investment up-front, but it can also be advantageous. Essentially, you would identify a product that Amazon customers are looking for, source it from a manufacturer, create your unique packaging and branding, and then list it on Amazon. Although this involves more time and effort than straightforward methods of selling products, the potential profits could be even greater.
- Amazon Wholesale: You purchase wholesale products and resell them on Amazon under the name of the brand it’s from. So if you sell Gucci bags, you are buying them from wholesalers of Gucci and sell under Gucci’s name, not under your personal brand name as we do with Private Label. Wholesale suppliers make it easy to buy products in bulk at a discounted price, allowing you to profit by reselling them on Amazon.
Parting Words:
Starting a side hustle on Amazon can be an excellent way to make some extra income on the side. Plus, you can gain valuable business experience.
Using Amazon, you can tap into the vast market of online shoppers and start turning your entrepreneurial dreams into reality.
