In this blog post, I’ll dive into six lucrative Amazon side hustles that can help you make money in 2024.
In the ever-evolving landscape of online commerce, Amazon continues to dominate the e-commerce space.
However, the platform is not just for shoppers. It also presents numerous opportunities for individuals to earn extra income.
Whether you’re an entrepreneur, a full-time employee looking for some extra income on the side, a stay-at-home parent, or a college student, an Amazon side hustle can provide you with a flexible and lucrative source of extra income.
1. Retail Arbitrage
Retail arbitrage is a classic “buy low, sell high” business model. It involves buying discounted or clearance items locally and selling them for a profit on Amazon.
Thrift stores, clearance aisles, and discount stores are great places to find hidden gems. Utilize the Amazon Seller app to scan barcodes and assess potential profits.
Keep an eye out for seasonal items or limited-edition products that can fetch a higher price online.
In order to get started, you will need these things:
- An Amazon Seller Account — Start with a free Personal account. Once you’re selling more than 40 items a month, upgrade to the Professional account level.
- The Amazon Seller app — Available on iOS and Android for free.
- A few dollars to buy your initial inventory.
- To like the idea and be committed to the process.
2. Amazon FBA (Fulfillment by Amazon)
If you’re interested in selling physical products but prefer to outsource shipping, Amazon FBA is designed for you. It allows you to leverage Amazon’s vast logistical network.
Simply put, you source products, send them to an Amazon fulfillment center, and they take care of the rest – storage, packing, and shipping. This hands-off approach is ideal for those who want a more passive income stream.
With FBA, you can scale your business without the hassle of managing inventory and order fulfillment.
3. Amazon Merch on Demand
The Amazon Merch on Demand program is a cool way to make extra money without any physical inventory or shipping at all.
If you have a flair for design, Amazon Merch might be the perfect side hustle for you. This print-on-demand service enables you to create and sell custom T-shirt designs.
All you have to do is to focus on creating unique and trendy designs that resonate with specific niches. As your designs gain popularity, you’ll earn royalties on each sale.
4. Kindle Books
For aspiring writers, Amazon’s Kindle offers a platform to self-publish and sell e-books on Amazon.
Whether you’re an expert in a particular field or a fiction enthusiast, Kindle provides a straightforward way to get your work into the hands of readers.
Invest time in crafting a compelling book, optimize your cover and description, and set a competitive price to attract potential readers.
It may take awhile before your books start to sell, but Amazon’s Kindle (Kindle Direct Publishing) is one of the most popular self-publishing platforms because it helps you reach the broad base of Amazon customers.
5. Affiliate Marketing with Amazon Associates
If you have a blog, website, or a substantial social media following, consider joining the Amazon Associates program. This affiliate marketing initiative allows you to earn commissions by promoting Amazon products.
Integrate affiliate links into your content, and when your audience makes a purchase through those links, you earn a percentage of the sale. Your commission will range from 1-10% depending on what you sell, but can add up to a significant amount.
Focus on creating valuable and authentic content to build trust with your audience.
6. Handmade at Amazon
If you’re a skilled artisan or craftsperson, Handmade at Amazon provides a platform to showcase and sell your unique, handcrafted goods.
The Handmade program is open to Artisans who make:
- Baby Products
- Beauty & Personal Care Products
- Shoes & Handbags
- Home Products
- Outdoor & Home Care
- Jewelry & Watches
- Kitchen & Dining Products
- Pet Supplies
- Sporting Goods
- Stationery & Party Supplies
- Toys & Games
Amazon takes a 15% cut from every sale, which is a bit higher than Etsy. But despite the popularity of Etsy, it still doesn’t have near the reach that Amazon does.
Ensure high-quality product photos and detailed descriptions to stand out in this competitive marketplace.
Today the potential for making money on Amazon remains abundant. Whether you prefer the thrill of retail arbitrage, the convenience of FBA, or the creativity of designing custom merchandise, there’s a side hustle to suit every skill set and interest.
Take advantage of the diverse opportunities presented by Amazon, and turn your spare time into a profitable venture in the world of e-commerce.