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.
Amazon is a huge opportunity for those who want to join the world of e-commerce. In 2020, Amazon raked in $386 billion in revenue — over half of which was fueled by third-party sales.
But what can you do to get a piece of the Amazon pie?
There are tons of great ways to earn cash on Amazon, so to help you find what method might work best for you, this article dives into the top ways to make money on Amazon in 2022.
Let’s get to it!
1. Sell wholesale goods on Amazon
Similar to Private Label, selling wholesale involves purchasing bulk quantities of product to sell using Amazon’s FBA network.
The primary difference, however, is that you are selling other companies’ products. Therefore, you don’t have to worry about manufacturing and branding the products.
For a lot of sellers, it’s one of the most popular ways to make money on Amazon.
How much money can I make selling wholesale goods on Amazon?
Up to $3,000 — $4,000 per month.
While wholesaling on Amazon has become notoriously more difficult in the last few years, it’s still a great way to earn money.
Note that it is a lot more competitive than the private-label market — since you’ll likely be sharing the Buy Box with other resellers. So it can sometimes be a “race to the bottom” on prices where the only “lever” sellers have to compete with each other is through lowering their price relative to their competitors.
Plus, the profit is all in the buy. If you can’t buy your goods for a low enough price, you won’t make money.
Still, 61% of wholesale sellers on Amazon make $5,000 or more in monthly sales — which is nothing to sniff at.
2. Deliver goods for Amazon
By now, you probably know that Amazon has its own delivery service. But did you know that you can join Amazon’s delivery fleet as a driver?
Amazon’s Flex program allows you to do just that. All you have to do is answer a quick questionnaire, download their app, and if you’re accepted, you start making money.
Think of it as Uber, but for Amazon deliveries.
How much money can I make on Amazon working as a Flex driver?
Approximately $100+ per day.
According to Flex’s homepage, Amazon pays drivers between $18 — $25 per hour, and the shifts are typically five hours long.
I’ve also read stories that even if drivers finish their shifts early, they still get compensated for the entire five hours.
Not a bad deal for $100+ per day.
3. Work from home as an Amazon rep
Amazon is quickly becoming one of the largest employers in the world. Following their purchase of Whole Foods in 2017, Amazon now has approximately 650,000 employees.
Naturally, not all of those employees work at Amazon’s headquarters in Seattle, Washington.
In fact, many of Amazon’s employees are remote employees who work from the comfort of their own home.
How much money can I make on Amazon as a work-from-home employee?
Around $30,000 per year, as a full-time rep.
The income you make as a work-from-home employee with Amazon depends on the position.
Doing a quick look on Google, it looks like most of the jobs offered are in data entry and customer service.
Furthermore, Amazon established a $15 minimum wage in 2018. So, at the very least, you could make $30,000 per year as a full-time, work-from-home Amazon rep.
How can I learn how to make money on Amazon as a work-from-home employee?
A Google search will help you find Amazon jobs. But, if you prefer, you can also go straight to the source: Amazon jobs
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