Don’t worry if you think that you have missed the boat of e-commerce. It’s still moving, and there is still a lot of chance that you can be on board. Many online commercial companies like Etsy, eBay, Walmart, and Shopify can make selling online products easy. But Amazon has been recommended as one of the most successful ways of making money online.
Amazon has a lot of potentials, a great market opportunity, and for the people who are willing to have a run in this race of Online Business. Visit this link for more info: https://www.zonbase.com/blog/selling-on-amazon-how-much-money-do-amazon-sellers-make/. Amazon was ranked at $376 billion in revenue in 2020. And more than half of it was brought upon the other sellers like the third party.
There are various ways to make money on Amazon as it has a lot of potentials. So here are the ways or methods that can help pick up the best means to earn money.
Dealing With Private Label Products
The first possible way of making money on Amazon in 2022 is still through the sales of Private label products using Amazon FBA. About 65% of Amazon’s sellers handle their respective businesses using private label sales.
More than half of these product sellers earn nearly $5 000 or even more in a month. They have achieved profit margins of over 15%. Among the Private label sellers who have a selling experience of more than a year, 20% have earned about $10 000 in their lifetime profits.
Publish Your books on Kindle Direct Publishing
KDP or Amazon Kindle Direct Publishing enables you to publish your books on Amazon. You can also print your book’s actual copies, including the digital format. The only trap with this method is that you need to write regularly, somewhat prolifically, to find success.
It’s now a fact that some authors have been earning as much as $50 000 per month. And of course, these authors are prolific, and they write topically to gain their notice. But once you write the material, there’s no need to write it back again.
Dealing With Wholesale Goods
Like Private label products, selling wholesale involves purchasing products in huge quantities. This further leads it to be sold by the seller on Amazon Fulfillment Network.
The main difference between both businesses is that the products of other companies are getting sold here. So, there are no worries about any of the processes relating to manufacturing the products. For many sellers out there, Wholesaling is one of the best and most popular methods of earning.
Indeed, wholesaling business on Amazon has become difficult in the past few years, but earning you money still has a lot of potentials. The reason is the rising competition in this market, especially on Amazon. Yet 60% of them on Amazon make almost $6,000 or even more out of it in a month.