Research your niche – To maximize your Amazon earnings, you need to build a site where you can sell the products. More importantly, you need to determine the niche your site will be about. Some niches will be much more profitable than others. On the other hand, the high-earning niches may not be in line with your hobbies or interests. Therefore, you need to find the perfect balance between profit and passion so you can sustain the site until it makes money.
I personally think it's not worth the efforts and time - and apparently everyone else who made it big on Amazon think the same ...because they all became "gurus" of Amazon that try to sell the KNOWLEDGE now... meaning it doesn't make them much money to actually sell on Amazon anymore (too much competition) , so they're trying now the "Mentoring" path...
Have you thought about creating info products? Affiliate marketing is tough, takes a perfect mix of traffic and competition, or a ton of traffic. We have done it in the past, but its not our favorite way. Amazon is good for small income, but if you really wanna make money selling info products is the way to go. It sounds like you have a good start, maybe you just need a different direction 🙂
It can rip its members only through the high barrier payment requirement. I should learn this lesson and let all my followers know about this too. If you have already registered into this website, don’t waste your time and watch your balance grow. They can choose not to pay you without any notice, not a single email to tell you what happened and why. Because they have no good reason that can be told to you.
Amazon used to have a variable fee structure where you would earn more money if you referred more sales to Amazon. They would start at 4% and you could earn up to 8.5% of a sale if you referred enough items. Amazon did away with their variable fee structure in early 2017 and replaced that system with a fixed percentage payout based on the category of products. Some niches pay a lot less than others and it’s important to be aware of the payout before you pick a niche:
There are quite literally hundreds of clever ways to make money online. From taking online surveys, to renting or selling your old clothes, flipping your iPhone to someone in a different country, and even buying low-cost products locally, just to resell them for a higher price on Amazon. There’s truly no shortage of unique ways to make money online.
Good starting list! I appreciate the idea of establishing a small income stream that may compound into substantial revenue in the future. The same principal applies to investing and anyone that believes there is not work involved or that you can get rich quick with little effort is greatly mistaken. I have owned/sold several successful businesses, none of which were built over night or the easy way – long hours are mandatory for any business and you can forget about “The Hourly Value of Your Time” – that’s an employee mindset.
It's a little more involved. Companies, especially those with stores, will want to get the opinion of the customer as they go through a transaction. For a bank, it might be opening up an account. For a retail clothing store, it might be trying on a shirt and checking out. Sometimes it's just calling up their customer service line with a problem and seeing how the representative treats you.
Find a profitable niche: We’ve talked about this a lot. But, where are you most comfortable. What niche do your skills, values, and interests intersect? Do you have 10 years of experience as a technical writer? Do you have long-standing PR relationships that’ll be invaluable in helping startups launch a successful crowdfunding campaign? Determine what makes your value unique, and lean heavily on showcasing that strength to your potential clients.
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Update: I used to recommend carousel style Amazon ads, but they don’t exist anymore. When I used them they converted about 3 times better than static style Amazon banner ads. I suggest using Native Shopping Ads instead which is essentially a replacement to the carousel style ads but allows for greater flexibility. You can display products by recommendation from the content, by search or with other options. Here is what the a Native Shopping Ad looks like for the keyword search “Chris Guthrie” Amazon displays the Kindle books I’ve written:
Etsy: While Etsy's popularity has declined recently, it's still a great resource for selling handmade items online. No need for complex ecommerce sites or merchant accounts or any sort of automation. The company takes a commission of every sale and charges a small listing fee per item. But many still use Etsy as their primary source of income. The best part is that you can also sell digital products on here such as poster designs.
In any case, you will want to ensure that what you are promoting is legit and is something your audience will find value in. Because what you have (an audience) is far more valuable than a quick commission. So I highly recommend you research whatever product you want to promote at length, and be sure it’s something you would buy yourself, before recommending it to your followers.
I use Perk which has a lot of different apps to earn points that can be redeemed for gift cards, PayPal, or put on a perks debit card (which is available immediately). You can use my referral code 016195e6 when signing up and get a bonus. My favorite app is, AppTrailer. With this app you can transfer your points directly to perk points. You can also run the video apps on up to 5 devices at the same time. With the same account. The points add up fast. You can get $5.00 or a little more a day if you run it all day.