Many people dream of making money online, and Amazon provides a few good opportunities to do so. Some of them are traditional ways, and some of them are more original. Today, we’ll explore how to make money on Amazon without selling physical products yourself.
Whether you’re a beginner or an experienced entrepreneur, this article will offer valuable insights and actionable strategies to help you achieve financial success on one of the world’s largest e-commerce platforms.
How to make money on Amazon without selling
Who says Amazon is just for sellers with warehouses full of products? Amazon’s got your back, even if you’d rather skip the whole inventory and shipping process. While selling physical products is most people’s go-to, the e-commerce giant offers a surprising number of ways to turn a profit without ever needing a warehouse.
Looking for something creative and fun? You could become a Kindle Direct Publishing extraordinaire, self-publishing your next bestseller and watching the royalties roll in. Or maybe artistic expression is more your thing? Design eye-catching t-shirts, mugs, or phone cases with Merch by Amazon, and let them handle the printing and shipping.
These are just a few ways to tap into Amazon’s goldmine. But for now, we’ll focus on two of the most popular, easy, and profitable options: affiliate marketing and Amazon Dropshipping.
Buckle up because we’re about to dive deep into how you can turn your Amazon knowledge into serious cash, all without the traditional seller hassles!
Amazon affiliate marketing vs Amazon dropshipping
As we mentioned, these are two popular pathways among people who are wondering how to make money on Amazon without selling. But what does each one of them mean exactly? Well, one thing’s for sure: none of them require holding inventory, which is a plus. But there’s more.
Join us as we uncover the details of Amazon Affiliate Marketing and Amazon Dropshipping for profits:
Amazon dropshipping
Suppose the product recommendation game is just not for you, here’s how to make money on Amazon without selling or working with affiliate marketing: dropshipping. What does this mean? Well, basically, you list exciting products on your Amazon store, and customers buy them. A reliable supplier handles the storage, packaging, and shipping—all while you pocket the profit! Sounds pretty sweet, right?
Here’s why Amazon Dropshipping is so appealing:
- Be the boss (Without the Inventory Hassle): Dropshipping lets you have more control over your brand and product selection. Plus, you don’t have to worry about storing mountains of inventory in your garage!
- Lower startup costs: Compared to traditional retail, dropshipping requires minimal or zero upfront investment.
- Scalability made easy: With dropshipping, your business can grow organically. Your supplier handles the fulfillment as sales increase, allowing you to focus on marketing and customer service.
Now, you may be wondering: ok, but how do I get started on Amazon Dropshipping? You could start with these steps:
- Choose profitable products: Conduct thorough product research to identify a category or product type that resonates with a specific target audience. This will help you build a solid customer base.
- Select a reliable supplier: The success of your dropshipping business relies on finding a trustworthy supplier who offers quality products, competitive prices, and dependable shipping.
- Pick the perfect Amazon selling plan: To dropship on Amazon without money, you can opt for the individual plan ($0 per month), which costs $0.99 per item sold.
- Effortlessly list and import products: Once you’ve identified your niche and suppliers, it’s time to create and import your product listings onto Amazon.
- Spread the word about your store: Since Amazon is a massive marketplace, you’ll compete with numerous sellers offering similar products. To stand out, effective marketing is essential.
The beauty of dropshipping is that you can experiment with different products without a huge upfront investment. Last but not least, tools like AutoDS can automate many of the tedious tasks involved in dropshipping, such as order fulfillment, pricing adjustments, and inventory management. Automating these tasks will free up valuable time to focus on growing your Amazon dropshipping business.
Amazon affiliate marketing
Have you ever recommended a product to a friend and secretly wished you got something for it? Well, with Amazon Affiliate Marketing, you can turn recommendations into cash and become a product matchmaker. If someone buys something you recommended, you earn a commission. It’s a win-win—you get to share amazing finds and get rewarded for them!
Here’s how to do it:
- Sign up for the Amazon Associates Program
Head to the Amazon Associates homepage and click “Sign Up.” You can use your existing account or create a new one. - Fill in your info
Provide your basic information like name, address, and phone number. - Show off your platform
Tell Amazon where you’ll be promoting their products. This could be your website, YouTube channel, blog, or social media accounts. - Craft your Amazon persona
Enter your store ID and give Amazon a quick rundown of your website or platform. What kind of content do you create? What kind of Amazon products do you think your audience would love? - Traffic talk time
Let Amazon know how you plan to attract people to your platform. - Choose how you get paid
This is where you pick your preferred payment method. You can also enter your tax ID information now or wait until later. - Link like a boss!
Once your account is approved, you can access link-building tools. Use the Product Link Tool to create special links for specific products or the Banner Creation Tool to design eye-catching Amazon ads for your platform. You can even use SiteStripe, a handy tool that automatically converts regular product links on your site into affiliate links.
Best way to make money selling on Amazon without inventory
As we’ve seen, there are two main strategies you can use to sell on Amazon without selling: dropshipping and affiliate marketing. Both offer distinct advantages, and the best approach for you might even involve combining both!
On the one hand, with affiliate marketing, you promote products through unique affiliate links, and when someone purchases them, you earn a commission. On the other hand, dropshipping on Amazon allows you to leverage the massive reach of Amazon’s marketplace to sell products without the hassle of storing or shipping them yourself.
Dropshipping offers several benefits, including:
- Low startup costs: No need to invest in upfront inventory.
- Wide product selection: Sell a vast array of products without limitations.
- Scalability: Easily grow your business as sales increase.
- Room for Automation: Making it even more efficient and scalable.
While both options are great, combining dropshipping and affiliate marketing can be a game-changer. By leveraging both methods, you can maximize your earning potential in multiple ways. This means you’re not putting all your eggs in one basket, which helps mitigate risk and makes your income more stable and diverse.
Moreover, combining these strategies allows you to tap into a wider product range. You can promote many products through affiliate links, giving you the flexibility to target different audiences and interests. At the same time, you can offer dropship items that you believe in or that fill a niche market, ensuring faster fulfillment and better customer satisfaction.
You can build a solid online business on Amazon by using both Amazon dropshipping and affiliate marketing. Don’t be afraid to experiment with both methods to see what works best for your goals and target audience. With a bit of creativity and persistence, you’ll be able to find the perfect balance and unlock new levels of financial success!
Frequently asked questions
Is there much profit on Amazon dropshipping?
Yes, there is potential for a significant profit in Amazon dropshipping. However, profits always depend on factors such as product selection, supplier reliability, pricing strategy, and market demand. While the profit margins in dropshipping can seem lower than other business models due to competition and fees, it can become a lucrative venture with the right strategy and consistent effort.
What is the easiest way of making money without holding inventory on Amazon?
Dropshipping is the easiest way to make money on Amazon without holding inventory. With Amazon dropshipping, you list products on your store, and when a customer makes a purchase, a third-party supplier handles the storage, packaging, and shipping directly to the customer. This method eliminates the need to manage inventory and reduces upfront costs and logistical hassles. Dropshipping is a straightforward and accessible way to start an Amazon business without the complexities of inventory management.
Final take
So, how do we answer the question of how to make money on Amazon without selling? Amazon dropshipping. Along with Amazon Affiliate Marketing, it is a great way to make money online without managing inventory. By working with reliable suppliers, you can list various products in your Amazon store and let the suppliers take care of storage, packaging, and shipping.
And don’t forget: using automation tools can make dropshipping even easier by handling tasks like order fulfillment, adjusting prices, and managing inventory. These tools save you time, so you can focus on growing your business and keeping customers happy. Combining the simplicity of Amazon dropshipping with the convenience of automation can lead to financial success!
