Amazon is a huge opportunity for those who want to join the world of e-commerce, the digital economy and software engineering.
In 2020, Amazon raked in $386 billion in revenue over half of which was fueled by third-party sales.
Amazon is the uncrowned king of eCommerce marketplaces globally with more than 190 million people visiting Amazon.com.
Amazon has not only conquered the world of eCommerce, but it has invested in various other fields such as cloud computing, entertainment and many others.
If you’re worried that you’ve missed the e-commerce boat, don’t worry Amazon comes with numerous other platforms that enable just any digital enthusiast to build multiple income streams online.
What is Amazon?
Amazon is a leading digital retailer an online darling that sells anything you can imagine from physical to digital products.
Why do I need an Amazon account?
How Amazon has brilliantly achieved to carve out a piece of our brains and establish itself as the number one place for many shoppers, software engineers and content creators.
Being part of the Amazon community gives you the advantage to build multiple streams of income. Here are some of the reasons why you need to join the Amazon family.
1. You are guaranteed more sales.
Each month millions of active customers visit Amazon looking to shop for products, and selling on Amazon comes with numerous opportunities.
As numbers, dont lie, 2019 ended with the website gaining over $280.5 billion in revenue and 150 Prime members worldwide.
We can see that Amazon is the number 1 place to go for most shoppers. By listing their products on Amazon, every retailer automatically gains credibility and trust.
That’s because some users are more likely to buy a product from Amazon rather than from a shop they never heard of.
2. You get to build a whole new customer base.
Amazon can help you build your customer base. When shoppers head to Amazon their focus is usually on finding products rather than a specific store.
Once they make that first purchase with you, the future lies in your hands. Based on how good their experience was, there’s a higher chance you’re going to see them again.
Building amazing customer service with your customer is one way to keep customers coming back again.
3. Amazon offers you the opportunity to expand internationally.
Since Amazon is one of the biggest and most trusted global selling and buying platforms, it’s very easy to start selling in different markets.
You can be in any part of the world and sell your products on Amazon. Using Amazon to expand globally is drastically easier when compared with most shopping cart systems.
With Amazon, any retailer can quickly test if his products appeal to the global audience by creating a listing on a local Amazon.
4. Marketing on Amazon is less expensive.
Amazon already attracts millions of customers to their website daily, and you get access to them.
Because the Amazon website works as its search engine, shoppers seeking out the products you offer can easily find you.
This makes marketing less expensive to you, Of course, the competition is fierce and you need to stand out from the crowd. Any effort you put into perfecting your listings can pay off in the long run.
5. Building on Amazon web services is easy.
Apart from being an eCommerce giant, Amazon has also established itself as a cloud service provider. Amazon as a cloud powerhouse offers an abundance of information on its site, including documentation and instructional videos to begin working with AWS, and its different facilities.
6. Amazon web services are cheap.
AWS offers economical pricing that is very much affordable in comparison to other on-premises services cost.
Regardless of whether you are a start-up or a huge venture organization. However, one of the best benefits of using AWS is its cost-effectiveness.
How do I make Money Online With Amazon?
As Amazon continues to dominate the eCommerce, cloud and entertainment industry, more and more entrepreneurial-minded individuals are enticed to make money on Amazon.
Many online sellers view Amazon as a viable avenue to make money online. So you’re looking to make money online and have started selling on Amazon, here is how that can be accomplished.
1. Become a seller on Amazon.
Amazon acts as a middleman connecting buyers and seller on its platform, this also means all the product you see on Amazon is not owned by Amazon itself, but by someone who utilizes Amazon as a means of reaching out to customers.
Amazon connects buyers and sellers on its platform with a service called Amazon FBA. Amazon FBA (Fulfillment By Amazon) is your inventory warehouse, manager, and shipper for a very small amount, compared to what you’d have to pay otherwise.
On top of freeing yourself from the hassle, your products will qualify automatically for Amazon Prime shipping and Buy Box priority, which will hugely impact your overall sales.
I wrote a comprehensive guide on how to become a seller on Amazon. check out the link to the article below to learn more.
2. Sell eBooks on Amazon.
Selling ebooks is an emerging business as the number of consumers using electronic readers continues to grow. Amazon Kindle is a digital download platform created by Amazon to help self-publishers sell their books online.
Amazon retails both physical and digital products including eBooks. Kindle users can only buy ebooks for download from Amazon’s digital marketplace.
This requires you to set up a seller’s account with Amazon.com. The fees for using the Amazon digital platform for ebook selling vary by the number of titles you sell each month from $0.99 per sale to $39.99 a month plus referral fees and closing fees, as of the date of publication.
Using the Amazon kindle publishing option allows you to sell your ebook at any price you choose, however Amazon will take a percentage of the sale as a commission for offering the service.
I wrote a comprehensive guide on how to publish books on Amazon. check out the link to the article below to learn more.
3. Become an Amazon Developer.
Amazon Web Services (AWS) provides cloud computing platforms. Amazon web services hold a significant market share of cloud services globally.
Amazon has also not let its guard down as it dominates the cloud industry with the creation of The Amazon web services.
An AWS developer works with programs or application software on the Amazon Web Services cloud-based platform.
Their duties include writing code for applications that optimize the use of AWS services, such as data storage and content delivery.
Certification by Amazon or a third-party provider is voluntary but can give you an edge for employment opportunities.
Proficiency in one or more programming languages is necessary to gain knowledge and insight for working with data and developing custom mobile or web applications.
Amazon developers are highly in-demand when it comes to companies hiring software developers.
Developing proficiency in Amazon cloud computing is one way to build a passive income on Amazon.
I wrote a comprehensive guide on how to become a web developer. check out the link to the article below to learn more.
4. Become a game developer on Amazon.
Game developers write software code that translates artistic concepts into a playable game that can work on mobile phones, gaming consoles and computers.
Game development Is a competitive industry, but with the right teamwork abilities, just anyone can become a game developer.
Amazon also has support for game development on its platform. The Amazon Lumberyard is a widely used cross-platform game engine developed by Amazon, based on CryEngine. Unlike CryEngine, Amazon Lumberyard is free because it is driven by Amazon Web Services fees.
I wrote a comprehensive guide on how to become a successful game developer. check out the link to the article below to learn more.
5. Become an affiliate on Amazon.
The Amazon Affiliate program is a platform designed by Amason to help bloggers and content creators earn by recommending products to their respective audiences.
All that is needed to be done is for respective affiliates to Simply sign up, receive immediate approval, and place Amazon affiliate links on your site.
When someone makes an Amazon purchase via one of your links, you get the commission and get paid at the end of a particular payment cycle.
successful Amazon affiliates can earn from $100 to $20,000 from the Amazon Affiliate program, depending on how many referrals you generate for Amazon.
I wrote a comprehensive guide on how to start an affiliate marketing business and become successful. check out the link to the article below to learn more.
- How To Start an Affiliate Marketing Business and Make Money
- How To Make Money Online as an Amazon Associate
6. Buy Amazon stocks.
Amazon is not only one of the most successful online retailers, but it’s also one of the few trillion-dollar U.S. companies that offer stocks to its end users.
With a huge revenue and share price skyrocketing over the last few years, Amazon has attracted both rookie and experienced investors.
Amazon’s stock is technically available to any investor no matter where you live in the world.
To buy Amazon stock, you’ll need to use the Amazon ticker on the Nasdaq, which is AMZN and brokers, which are usually online.
If you can’t afford to purchase a full share of AMZN, you can also invest in fractional shares through an online brokerage. These services allow investors to purchase a partial share of the equity.
I wrote a comprehensive guide on how to get started with stocks as a beginner. Check out the link to the article below to learn more.