How to Make Money from Home with Amazon

What’s the best way to make money from home?

Selling on Amazon.

(See more options below, but we’re starting with the best, right?)

Yes, we’re biased as a company that provides technology and resources to help people sell on Amazon, but we got into this business for three good reasons.

First, selling on Amazon is the most flexible platforms on which to earn an income as it lends itself well to multiple business models such as:

Private label selling

Private label is when a retailer rebrands and/or renames a product that is already being manufactured under another brand or label. Brands such as Walmart’s Great Value or Target’s Main Stays are both examples of private label products. 71% of sellers say they use this method to sell on Amazon.
Dropshipping

Dropshipping is an e-commerce supply chain operation method that allows a seller to take orders on behalf of a manufacturer, distributor, or supplier. And sellers don’t keep their own product inventory. Instead, when a customer buys the item, the seller then sends the order information to their supplier/manufacturer and they fulfill the sale.
Handmade goods

Handmade sellers are people who create their own products to sell on the Amazon marketplace. Examples include jewelry, accessories, home decor, and more.
Retail and online arbitrage

Arbitrage is a method of finding low-cost or discounted products available on one marketplace to resell on another. With retail arbitrage, those discounted items are found in brick and mortar stores, while online arbitrage means you’re finding those low-cost products on a website or another online store.
Kindle Direct Publishing (KDP)

If you’re a writer, then KDP may be perfect for you. It allows you to publish your own books on Amazon.

You can also spend as much or as little time you want on your Amazon business. In fact, the majority of Amazon sellers spend fewer than 40 hours each week on their business, and 79% sell on Amazon part-time.

Second, it’s one of the fastest platforms on which sellers can turn a profit. In Jungle Scout’s survey of more than 1,000 Amazon sellers, we learned that 67% of all sellers (new and experienced) earned a profit in less than a year.

In fact, even 63% of new Amazon sellers reported seeing a profit within their first year. Furthermore, 16% of those beginner sellers turned a profit in fewer than three months.

Third, it’s the biggest marketplace with the most customers. Compared to the next largest online retail platform, eBay, Amazon has almost three times the monthly shopper traffic (SimilarWeb.com).

That’s despite the fact that eBay has close to 10x the number of sellers that Amazon has — 25 million to 2.5 million respectively.

How much money can I make working from home?

Of course, the amount of money you can expect to make working from home depends on the type of work that you do.

Regardless, here are a few data points we’ve collected regarding how much different types of work-from-home jobs earn. The following statistics are from our own Amazon seller survey (mentioned above), glassdoor.com, and WebRetailer.com.

Work-from-home entrepreneurs:

New Amazon sellers earn between $26,000-$810,000 per year in profits
66% of eBay sellers earn more than $10,000 per year
According to Glassdoor.com, bloggers earn $32,800 per year
According to Glassdoor.com, freelancer earn $51,395 per year

Work-from-home employees:

Accountants $53,748
Engineer $72,323
Teacher (Online) $42,579
Writer $51,395
Consultant $77,368
Program Manager $58,804
Product Manager $108,992
Account Manager/Account Executive $62,263
Recruiter $49,315
Sales Representative $50,000
Web Developer $68,524
Medical Coder $33,716
Territory Sales Manager $60,030
Nurse $65,870
Data Analyst $62,453
Editor $52,107
Case Manager $36,016
UX/UI Designer $85,277

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