How To Make $1,000 On Amazon - 3 Ways To Make Money On Amazon
Published on: November 30 2022 by Carter Maxwell
How To Make $1,000 On Amazon - 3 Ways To Make Money On Amazon
Table of Contents About How To Make $1,000 On Amazon - 3 Ways To Make Money On Amazon
How To Make $1,000 On Amazon - 3 Ways To Make Money On Amazon
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| 00:00:00 | 00:00:03 | what's up guys in this video I'll be |
| 00:00:01 | 00:00:07 | going over three ways you can make a |
| 00:00:03 | 00:00:08 | quick $1000 on Amazon so if you don't |
| 00:00:07 | 00:00:09 | know me already my name is Carter |
| 00:00:08 | 00:00:11 | Maxwell |
| 00:00:09 | 00:00:13 | I'm a 17 year old entrepreneur and I go |
| 00:00:11 | 00:00:15 | by the nickname of a high school hustler |
| 00:00:13 | 00:00:17 | and if you're trying to create an online |
| 00:00:15 | 00:00:19 | business and make money while you sleep |
| 00:00:17 | 00:00:20 | this is a channel for you so go ahead |
| 00:00:19 | 00:00:22 | and hit that subscribe button so I |
| 00:00:20 | 00:00:24 | thought this would be a great video kind |
| 00:00:22 | 00:00:26 | of comparing at three different ways |
| 00:00:24 | 00:00:28 | that you can actually make money on the |
| 00:00:26 | 00:00:30 | Amazon platform even if you just try to |
| 00:00:28 | 00:00:31 | make a couple extra thousand dollars per |
| 00:00:30 | 00:00:34 | month or possibly looking for a new |
| 00:00:31 | 00:00:36 | full-time income each of these three |
| 00:00:34 | 00:00:37 | ways can fulfill that so let's get into |
| 00:00:36 | 00:00:39 | these three ways and how you can make |
| 00:00:37 | 00:00:42 | money from each of them so the first way |
| 00:00:39 | 00:00:45 | to make money on Amazon fast is through |
| 00:00:42 | 00:00:47 | the Amazon FBA program and those of you |
| 00:00:45 | 00:00:50 | that don't know FBA stands for is stands |
| 00:00:47 | 00:00:52 | for fulfillment by Amazon to where you |
| 00:00:50 | 00:00:53 | source profitable products you then |
| 00:00:52 | 00:00:55 | create a shipment you didn't send this |
| 00:00:53 | 00:00:58 | ship into an Amazon warehouse where your |
| 00:00:55 | 00:00:59 | products are then be stored so why |
| 00:00:58 | 00:01:01 | products are being stored there then |
| 00:00:59 | 00:01:03 | active in for sale on Amazon and once |
| 00:01:01 | 00:01:05 | they actually sell on Amazon Amazon |
| 00:01:03 | 00:01:08 | Fulfillment would then pick pack and |
| 00:01:05 | 00:01:09 | ship your product to the customers so |
| 00:01:08 | 00:01:12 | you don't have to do any of the |
| 00:01:09 | 00:01:14 | fulfillment the only labor tasks that |
| 00:01:12 | 00:01:15 | you have to do is actually sourcing that |
| 00:01:14 | 00:01:17 | profitable product and then shipping it |
| 00:01:15 | 00:01:19 | to the Amazon warehouse it will then be |
| 00:01:17 | 00:01:21 | stored at the Amazon warehouse and the |
| 00:01:19 | 00:01:22 | fees per month are just extremely cheap |
| 00:01:21 | 00:01:25 | life if you have a book or a CD it's |
| 00:01:22 | 00:01:27 | gonna cost you like 3 or 4 cents per |
| 00:01:25 | 00:01:29 | month to store so depending on the item |
| 00:01:27 | 00:01:31 | or the size of the item that you have |
| 00:01:29 | 00:01:33 | stored it's gonna be extremely cheap now |
| 00:01:31 | 00:01:35 | lets you understand that how the Amazon |
| 00:01:33 | 00:01:37 | FBA process works you can see that it's |
| 00:01:35 | 00:01:39 | extremely convenient and efficient when |
| 00:01:37 | 00:01:41 | it comes to building and scaling your |
| 00:01:39 | 00:01:43 | business and what things selling on |
| 00:01:41 | 00:01:45 | Amazon FBA there's a ton of different |
| 00:01:43 | 00:01:48 | business models that you actually choose |
| 00:01:45 | 00:01:52 | from from private label which is what |
| 00:01:48 | 00:01:56 | actually I do wholesale drop shipping |
| 00:01:52 | 00:01:58 | REIT arbitrage and many many more and I |
| 00:01:56 | 00:01:59 | know a lot of people it kind of takes a |
| 00:01:58 | 00:02:02 | little bit more money to get some of |
| 00:01:59 | 00:02:04 | those more complicated business models |
| 00:02:02 | 00:02:06 | so the most popular we're gonna start |
| 00:02:04 | 00:02:08 | out with is just reselling and random |
| 00:02:06 | 00:02:11 | items and generally what I mean by that |
| 00:02:08 | 00:02:13 | is just going and finding books CDs |
| 00:02:11 | 00:02:16 | video game |
| 00:02:13 | 00:02:17 | used electronics new or used electronics |
| 00:02:16 | 00:02:19 | and just other stuff that you can resell |
| 00:02:17 | 00:02:21 | a back on Amazon and try to build up |
| 00:02:19 | 00:02:23 | some more income and also well-being |
| 00:02:21 | 00:02:25 | building up that income you can actually |
| 00:02:23 | 00:02:27 | get familiarized with how exactly the |
| 00:02:25 | 00:02:29 | FBA process works so that when you pick |
| 00:02:27 | 00:02:31 | up one of those business models like |
| 00:02:29 | 00:02:33 | private label or wholesale you already |
| 00:02:31 | 00:02:35 | know how the process works just about |
| 00:02:33 | 00:02:37 | learning that business business model in |
| 00:02:35 | 00:02:39 | maximizing your potential profits so now |
| 00:02:37 | 00:02:41 | that I got that out of the way the the |
| 00:02:39 | 00:02:43 | way the merge bamas on platform works is |
| 00:02:41 | 00:02:44 | you have to actually create your own |
| 00:02:43 | 00:02:45 | unique teacher design so if you're a |
| 00:02:44 | 00:02:47 | graphic designer |
| 00:02:45 | 00:02:48 | obviously you already have an advantage |
| 00:02:47 | 00:02:50 | over others because you can just create |
| 00:02:48 | 00:02:52 | the designs yourself if you don't that's |
| 00:02:50 | 00:02:53 | okay you in the same position as me you |
| 00:02:52 | 00:02:56 | just outsource and you can actually |
| 00:02:53 | 00:02:58 | outsource it for very very cheap you can |
| 00:02:56 | 00:02:59 | go on Fiverr and get t-shirts done for |
| 00:02:58 | 00:03:01 | anywhere from three to four dollars |
| 00:02:59 | 00:03:03 | depending on how many you would like |
| 00:03:01 | 00:03:05 | created or we can just go to up work and |
| 00:03:03 | 00:03:06 | I used to get t-shirts made on there for |
| 00:03:05 | 00:03:08 | a dollar or two dollars now I used to do |
| 00:03:06 | 00:03:10 | like hundreds and hundreds of t-shirts a |
| 00:03:08 | 00:03:12 | week so either way you can just |
| 00:03:10 | 00:03:14 | outsource it or make it on your own one |
| 00:03:12 | 00:03:15 | checker you need to sign you then have |
| 00:03:14 | 00:03:17 | to create a listing so you can pick up |
| 00:03:15 | 00:03:19 | to five colors I'm depending on how well |
| 00:03:17 | 00:03:21 | your design is gonna fit those colors |
| 00:03:19 | 00:03:23 | you can make a title two bullet points |
| 00:03:21 | 00:03:26 | in the description that's hopefully |
| 00:03:23 | 00:03:29 | going to convert that viewer of your |
| 00:03:26 | 00:03:31 | listing and convert them into a buyer so |
| 00:03:29 | 00:03:33 | obviously once your t-shirt sells once |
| 00:03:31 | 00:03:34 | again Amazon will do the fulfillment |
| 00:03:33 | 00:03:35 | they will create the t-shirt and ship it |
| 00:03:34 | 00:03:37 | to the customer |
| 00:03:35 | 00:03:40 | all while you sit back and you receive a |
| 00:03:37 | 00:03:41 | royalty obviously royalties equal |
| 00:03:40 | 00:03:43 | profits so if you get a five dollar |
| 00:03:41 | 00:03:45 | royalty you're gonna get a fondo on |
| 00:03:43 | 00:03:47 | profit and I think at the moment I'm |
| 00:03:45 | 00:03:52 | recording this video if you sell t-shirt |
| 00:03:47 | 00:03:55 | for $19.99 you will receive a 7.62 |
| 00:03:52 | 00:03:57 | resent royalty obviously depending on |
| 00:03:55 | 00:04:00 | Amazon sometimes they fluctuate those |
| 00:03:57 | 00:04:02 | rates so at the moment and you get a |
| 00:04:00 | 00:04:05 | seven dollar and six three cent royalty |
| 00:04:02 | 00:04:07 | and when I so much of Amazon my best |
| 00:04:05 | 00:04:09 | price point was 1699 and sometimes when |
| 00:04:07 | 00:04:12 | I was starting out I don't put my |
| 00:04:09 | 00:04:14 | t-shirts at $11.99 and just tried to |
| 00:04:12 | 00:04:16 | build up some quick sales and obviously |
| 00:04:14 | 00:04:18 | your sales rate their sales ranks for |
| 00:04:16 | 00:04:20 | your t-shirts as well and that comes |
| 00:04:18 | 00:04:22 | into the research part so when finding |
| 00:04:20 | 00:04:23 | t-shirt designs that are going to sell |
| 00:04:22 | 00:04:23 | you want to find those t-shirt designs |
| 00:04:23 | 00:04:25 | have |
| 00:04:23 | 00:04:27 | really really low sales right because |
| 00:04:25 | 00:04:29 | that means they're selling a lot more so |
| 00:04:27 | 00:04:32 | what I'll do is I'll find those hot |
| 00:04:29 | 00:04:35 | selling t-shirts from that 1999 to 2004 |
| 00:04:32 | 00:04:37 | 99 sales price I will then have a design |
| 00:04:35 | 00:04:39 | that kind of mimics or goes off of the |
| 00:04:37 | 00:04:42 | topic of that design to then resell it |
| 00:04:39 | 00:04:45 | back at that 1699 price point netting me |
| 00:04:42 | 00:04:46 | I think just under a $5 royalty and I |
| 00:04:45 | 00:04:49 | mean if I'm paying that $2 per design |
| 00:04:46 | 00:04:50 | and I make one sound we ready making my |
| 00:04:49 | 00:04:52 | money back plus royalty so anything that |
| 00:04:50 | 00:04:54 | a sell after that is pure profit so |
| 00:04:52 | 00:04:56 | that's the power of using this merch |
| 00:04:54 | 00:04:57 | band was on platform and I highly |
| 00:04:56 | 00:05:00 | recommend it so that is the second way |
| 00:04:57 | 00:05:02 | to make money on Amazon so the third way |
| 00:05:00 | 00:05:04 | to make money on Amazon is through the |
| 00:05:02 | 00:05:06 | Amazon affiliate program and for those |
| 00:05:04 | 00:05:08 | of you that aren't aware or don't know |
| 00:05:06 | 00:05:11 | what it is it's basically you are |
| 00:05:08 | 00:05:12 | bringing traffic to Amazon to where if |
| 00:05:11 | 00:05:15 | they then purchase a product you will |
| 00:05:12 | 00:05:17 | receive a commission of the sale so what |
| 00:05:15 | 00:05:19 | I mean by that is for example let's say |
| 00:05:17 | 00:05:21 | you have an Instagram page or you have a |
| 00:05:19 | 00:05:23 | YouTube and you're doing like a product |
| 00:05:21 | 00:05:25 | review so you're reviewing like a camera |
| 00:05:23 | 00:05:26 | for instance and you say it's a really |
| 00:05:25 | 00:05:28 | good camera blah blah blah click link in |
| 00:05:26 | 00:05:30 | the strips and check it on Amazon so |
| 00:05:28 | 00:05:32 | what you did is you just create an |
| 00:05:30 | 00:05:34 | affiliate link through Amazon and if |
| 00:05:32 | 00:05:36 | that viewer goes from your video or your |
| 00:05:34 | 00:05:39 | page and goes through your link to |
| 00:05:36 | 00:05:40 | Amazon if they purchase anything it |
| 00:05:39 | 00:05:41 | doesn't even have to be that camera they |
| 00:05:40 | 00:05:43 | purchase anything on Amazon |
| 00:05:41 | 00:05:45 | within 24 hours you're actually gonna |
| 00:05:43 | 00:05:47 | receive a commission of that sale as an |
| 00:05:45 | 00:05:50 | affiliate so it's really really cool so |
| 00:05:47 | 00:05:52 | I mean if you have a $500 camera and you |
| 00:05:50 | 00:05:54 | can get someone to go through link and |
| 00:05:52 | 00:05:56 | purchase that product you're gonna get a |
| 00:05:54 | 00:05:57 | nice sized commission from Amazon and |
| 00:05:56 | 00:05:59 | you don't have to touch anything you |
| 00:05:57 | 00:06:01 | don't have any physical inventory you |
| 00:05:59 | 00:06:03 | just have to drive people through your |
| 00:06:01 | 00:06:04 | affiliate link to Amazon and within the |
| 00:06:03 | 00:06:06 | next 24 hours |
| 00:06:04 | 00:06:08 | anything that purchased you receive a |
| 00:06:06 | 00:06:10 | commission so it's super scalable and |
| 00:06:08 | 00:06:12 | the hard thing about it is just how to |
| 00:06:10 | 00:06:15 | get people there and me good following |
| 00:06:12 | 00:06:17 | on YouTube Instagram there's a tons of |
| 00:06:15 | 00:06:19 | different ways people do it and I'm just |
| 00:06:17 | 00:06:21 | extremely efficient and that is the |
| 00:06:19 | 00:06:23 | third way to make money on Amazon well I |
| 00:06:21 | 00:06:25 | hope you learned something of value from |
| 00:06:23 | 00:06:27 | this video and hopefully you can pick up |
| 00:06:25 | 00:06:29 | one of these different ways and start |
| 00:06:27 | 00:06:31 | making some Amazon money fast so if you |
| 00:06:29 | 00:06:33 | enjoyed this video please feel free to |
| 00:06:31 | 00:06:34 | comment below with any questions and our |
| 00:06:33 | 00:06:36 | video ideas you like |
| 00:06:34 | 00:06:38 | see in the future also don't forget to |
| 00:06:36 | 00:06:40 | Like and subscribe as I'm always giving |
| 00:06:38 | 00:06:42 | away different tips and tricks on how to |
| 00:06:40 | 00:06:46 | make money online and that note I will |
| 00:06:42 | 00:06:46 | see you guys next video |
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