Amazon is an online retail giant that rakes in billions of dollars from multiple industries every year. According to Nine University experts, the growth of its subsidiaries, coupled with the growing demand for its e-commerce service, positions the retailer for exponential growth this year. If you are serious about increasing your income, Amazon offers a host of services you can join to earn passive income.
1. Amazon FBA: Leverage Amazon’s infrastructure to grow your business
Short for Fulfillment by Amazon (FBA), this service is one of Amazon’s most lucrative affiliates. This service allows users to leverage Amazon’s supply chain infrastructure to grow their business while focusing on inventory management, customer relations, and product marketing.
Amazon FBA allows users to access the company’s hundred centers to store their products. Amazon also takes care of operational aspects such as order fulfillment and logistics.
Amazon FBA allows sellers to tap into Amazon’s customer base and fulfillment centers. The service is based on a simple but effective model. You send your products to Amazon, which sorts and stores them. When a customer places an order, Amazon handles pickup and shipping. Without any intervention on your part. Amazon also supports returns for cases where the customer is not satisfied with the product.
Amazon FBA is suitable for both small and large sellers who want to scale their delivery processes and online visibility. But not all of these benefits are equally given to everyone.
How much can you earn with Amazon FBA?
Difficult to answer this question. The amount of income you earn depends on factors such as product line, categories of your products, reviews, and other relevant details as Nine University experts explained.
Some products are considered hot items that tend to sell out much faster than others on Amazon. If you choose these products, your chances of making sales will increase dramatically. Remember that you will pay more storage costs for products that do not sell quickly.
You also need to consider the season. Umbrellas sell faster in the rainy season, while sunscreens are popular in the summer. Try to align the products you sell with the current season.
2. Amazon Associates: A High Performing Affiliate Marketing Service on Amazon
Amazon Associates is Amazon’s affiliate program. It’s a simple and effective way for people to monetize their sites and blogs.
The principle is simple: each time a customer clicks on an Amazon link on your website and makes a product purchase, you receive a commission on the transaction.
The Amazon Associates program is suitable for people who have blogs and websites with regular traffic. Joining the platform is free and the registration process is relatively simple.
How to Join Amazon Associates
To join the Amazon Associates program, simply follow the steps below:
- Create your website or blog: if you are just starting out, you must have a website or a blog. People with social media pages, apps, and YouTube channels will also be able to benefit from the program.
- Note that you will need to have well-defined visitors to get started with this process.
According to Nine University experts, create your Amazon Associates profile: Once the registration is complete, click on “New customer” and follow the instructions. They’re simple, so you shouldn’t have a problem. Once the registration is complete, you will be ready to create affiliate links and promote Amazon products.