Amazon is an American eCommerce Company. It is the largest Internet-based retailer in USA and has its headquarters at Seattle in Washington. There are multiple ways of how to make money on Amazon. These include:
- Selling on Amazon
- Simplifying Fulfillment
- Advertising on Amazon
- Accepting Payments
Selling on Amazon
Selling on Amazon is one of the most popular ways of how to make money on Amazon. This method involves accessing a new sales channel where you sell your products to a large number of clients you might be unable to reach currently. Other ways of selling on Amazon are building brand recognition and simplifying & scaling your business. The first thing to put into consideration when you want to sell on Amazon is to make a decision on what you desire to sell; Amazon allows new sellers to sell a minimum of 20 product categories. Secondly, choose a selling plan; for instance, it is commendable to consider the professional plan if you desire to sell over 40 items per month. Lastly, follow the step-by-step instructions on Amazon to register and to set up an account.
Simplifying Fulfillment
The next method on how to make money on Amazon is simplifying Fulfillment by Amazon (FBA). Amazon offers a world-class fulfillment that helps enhance your sales. It has established one of the world’s most advanced fulfillment networks, and your business can benefit from this. FBA promotes the storage of your products in the fulfillment centers of Amazon; thus, the company’s staffs can pick, pack, ship as well as offer customer service for these products. Moreover, FBA can help reach more customers by scaling your business. According to 2014 survey, 71% of FBA respondents noted that their unit sales increased on Amazon.com by over 20% since joining Fulfillment by Amazon.
Advertising on Amazon
The next way on how to make money on Amazon is through advertising on Amazon. Advertising on Amazon has a number of benefits such as reaching millions of Amazon shoppers, having the opportunity to advertise online & across screens and driving traffic to your website. All these help you earn income through Amazon. In addition, Amazon has features such as Amazon Product Ads; which helps you provide highly targeted placements and advertise your products and Amazon Local; which helps you connect with local Amazon clients, pay only for results and increase revenues. It also has Amazon Media Group that engages clients with drive direct response or brand. Advertising on Amazon ensures that you reach as many customers as possible; hence more money.
Accepting Payments
The last method on how to make money on Amazon is by accepting payments. Accepting payments ensures that your customers’ shipping and payment information are stored in their Amazon accounts, and this makes it easier for these customers to shop on your website. It is one of the easiest, fastest and most secure ways of turning browsers into buyers. Its features are fraud protection, recurring payments, customer loyalty and mobile-friendly.
