Amazon is an e-commerce behemoth and a true industry leader. But, that’s not the reason why Amazon is successful. The main reason why they have a thriving business is that they offer a tremendous amount of business opportunities, even for beginners like you.
According to Journal Review site, for an e-commerce business to succeed, you need to have a firm grasp of operational excellence. Luckily, Amazon has this quality and so much more. Here are some top business opportunities you can start with Amazon.
Amazon Affiliate Marketing
One of the biggest and most popular business opportunities that Amazon offers is their affiliate program. It has a very low entry barrier and creating an account is as easy as signing up on their website.
What most people don’t realize is that affiliate marketing is a multi-billion industry and its upward trend will continue for years to come. One of the best ways to leverage this trend is by promoting Amazon products.
For example, imagine that your website has an average monthly visitor of 1000 and among those, 100 people have successfully purchased a product on Amazon through your affiliate link. Then let’s say that they each bought a $50 item and you get 6% sales commission – that’s an easy $3 income. Multiply that amount to 100, and you get $300 each month. Now, imagine getting more than 1000 visitors each month?
This business opportunity is excellent for influencers, bloggers or just about anyone who has a big network.
Amazon Kindle Publishing
Another excellent opportunity to make a lot of money through Amazon is by selling e-books. You don’t need to be a professional writer to get in this line of business. Most of the self-published writers on Amazon’s KDP network are just ordinary individuals who are experts in a particular niche. Here is how you get started on publishing your first e-book:
- Define your target audience – You need to know whom you’re writing for and what topics you need to cover.
- Write your e-book – Go straight ahead with writing once you’ve targeted your audience. If you’re looking to make this as passive as you can, you can even hire a ghostwriter.
- Format – Amazon will require for you to format the file based on their preference before you can upload it. There are third-party services which can do this for you.
- Work on your book cover – This is an essential aspect of as it will attract people to your e-book. Create a book cover that’s direct and easy to understand.
- Upload – The approval process will take 24-48 hours. Once uploaded, be sure to promote it.
- Find an external platform – You’ll eventually need to have a platform to promote your e-book. You can’t expect an increase in downloads just by merely uploading it on Amazon. Find a platform to connect with potential and existing readers. You’ll never know what input they can provide you to improve your next e-book.
A lot of people have found success on Amazon’s Kindle Publishing program. It’s areal passive income generating investment as you don’t need to work on it on a daily basis. Just upload a couple of good books, promote them and watch the income accumulate.
Fulfillment By Amazon (FBA)
FBA enables individuals to leverage on Amazon’s extensive network and customer base. More and more online businesses are leaning towards this service as it frees them up from burdens like packaging, storing and even handling customer service. Amazon will handle everything from storing your inventory all the way through after-sales services.
One of the best ways to succeed with FBA is by selling private labeled products. Privately labeling your products means that you will have your own brand which can help differentiate you from other people also using FBA. Going this route may require a significant initial investment, but, if done correctly, can make you very generate meaningful passive income.
Here are some tips to help you grow your FBA business:
- Find a product that you’re passionate about as it will make the selling part easier.
- Regularly increase your product line.
- Work on your best seller rank on Amazon.
- Build a brand website that can target customers outside the Amazon eco-system.
- Signup for an affiliate program and promote your products from your brand website to earn sales commission.
Amazon Flex
A newly offered business opportunity by Amazon is Flex. It works just like Uber and Lyft, but the only difference is you won’t be driving customers but, delivering packages for Amazon.
In a nutshell, Amazon Flex hires independent contractors to deliver the package on their behalf. You can work on your own time and at your own pace. Amazon offers an $18-$25 income per hour to Flex contractors. Here are some benefits of this business opportunity:
- Income – Drivers will be guaranteed an $18 per hour income. Even after gas and fees, you’re still getting more money as compared to other ride sharing services.
- Flexibility – No one will tell you when to work and at what time to go to work.
- Independence – You get to work at your own pace,and because this job wouldn’t require much customer interaction, you won’t have to worry about providing excellent customer service. Your interaction will be limited at the distribution centers which will only take a few minutes of your time.
Conclusion
No matter what your business preference is, Amazon has something to offer you. Some of these opportunities don’t even require upfront capital which is excellent, especially for someone who’s just looking to test the waters.There’s no problem if you want to start your own business from the ground up.But, having a billion dollar company backing you up doesn’t sound so bad either.