Eran Money

4 ways to profit from Amazon 2024

Introduction:

Many people mistakenly believe that Amazon only profits by selling products. In this article, we will clarify almost all the ways to make money from Amazon. Don’t forget that these methods require no capital, only an internet connection and a computer. Let’s get started!

  1. Selling Your Products on Amazon:
    If you have a product or an item, we strongly recommend selling it on Amazon. Amazon is a large marketplace where everyone can open their own store and start selling their products. Amazon is distinguished by its very high monthly visitor traffic. To do this, you need to make an agreement with the company, known as Amazon FBA. If you don’t have a product, you can import products from China, then repackage and send them to Amazon warehouses, which will handle shipping on your behalf.
  2. Affiliate Marketing:
    Affiliate marketing is one of the easiest ways to make money from Amazon. All you need to do is market Amazon products using your unique affiliate link. When someone makes a purchase through your link, Amazon pays you a commission for each sale. To be accepted into the affiliate program, you must own a website, YouTube channel, Facebook page, or Instagram account with a certain amount of traffic. The commission rate varies from 3% to 10%, depending on the product type.
  3. Print on Demand:
    This is one of the methods called Merch by Amazon. It involves printing T-shirts on demand. You design different T-shirts, modify colors, add graphics, and leverage current trends. When someone purchases a shirt, Amazon takes care of everything, including printing, delivery, and packaging. You benefit from a specific amount for each purchase, similar to affiliate marketing. If you have design skills or can collaborate with a professional designer through freelancing platforms, this could be a profitable venture.
  4. Earning Through E-Books:
    Amazon Kindle is one of the best ways to make money, especially if you enjoy writing. You can create e-books, design covers, and format your content. Amazon takes care of selling, distributing, and delivering the e-books. Kindle started as a bookstore, making it a lucrative platform for book lovers. This is an excellent opportunity to share your knowledge or stories with a global audience.

Before You Start:

  • Avoid copyright infringement.
  • Do not manipulate product titles.
  • Do not use the email directly in affiliate marketing.

Receiving Your Earnings from Amazon:


Since Amazon is based in the United States, receiving your earnings might not be straightforward. The best way for an Arab individual to receive payments is by having a Pioneer account. Pioneer provides a free US bank account that allows you to receive funds. They also offer a credit card, which makes the withdrawal process more convenient.

Taxation:
To receive your earnings from Amazon, whether you’re a seller or an affiliate marketer, you must pay some taxes. As a non-US citizen, you don’t need to worry much. During the registration process, to receive your earnings from Amazon, you’ll have to fill out a form called W8-BEN.

For more information, you can refer to this link <<2023

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