Best Ways to Make Money on Amazon in 2022 If you’re worried that you’ve missed the e-commerce boat, don’t worry. It’s just getting moving. While several ecommerce companies like Ebay, Shopify, Walmart, and Etsy can make selling products online easy, in my experience, the best way to make money online is with Amazon.
1. Sell your own private label products on Amazon The best way to make money on Amazon in 2022 is still through private label sales using Amazon’s Fulfillment by Amazon (FBA) network. Around 67% of all Amazon sellers run their business using the private label method. Private label is a process of manufacturing a pre-existing item (preferably, with product improvements), putting your branding and logos on it, and selling it to consumers. Sometimes it is referred to as white labeling or brand creation. (The process has been around for years and is common in countless retail stores; Target’s Mainstays brand and Walmart’s Great Value are two examples of private label brands.)
2. Publish your own books on Kindle Direct Publishing Amazon Kindle Direct Publishing (KDP) allows you to publish your own books on Amazon. In addition to digital format, you can print actual copies of your book too. The only catch with this option is that you usually need to write somewhat prolifically in order to find success. Though it is possible to publish one or two wildly popular books, volume is the true name of the publishing game.
3. Retail Arbitrage on Amazon Retail arbitrage can be competitive and difficult to scale but is still a fast and low-cost way to start making money on Amazon. You can make as much or as little as you want with retail arbitrage. Though to be an arbitrage seller, you need to have patience. Many times, sellers can spend the better part of a day or weekend searching retail stores for products only to come up empty-handed.
4. Merch by Amazon Merch by Amazon is one of the lesser-known e-commerce business options available out there, but it is no less profitable.
If you are consistent, Merch by Amazon is a sustainable way to build a passive income stream. If you are looking for some quick money, this isn’t the way. With the launch of sponsored ads, Amazon Merch is projected to grow further. So if you’re not aware, it is time to use it to your advantage. Let’s see how. If you know of additional ways to make money on Amazon, be sure to let us know in the comments below. Good luck!