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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

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