Amazon: Many people don’t realize that Amazon is a haven for third party sellers, including regular Joes and Janes cleaning out their attics and garages. If you plan to sell more than 40 items per month on Amazon, consider registering as a professional seller. You’ll need to pay a $39.99 monthly subscription fee, a referral fee that usually ranges from 6% to 20%, and a $1.35-per-item closing fee for media items. You won’t pay the $0.99-per-item selling fee, however. Alternatively, register as an individual seller. The fee schedule is the same as for professionals, except you do have to pay the selling fee and don’t have to pay the subscription fee.
Accommodate Multiple Forms of Payment: Many deal-seekers carry cash, but you want to accommodate every potential buyer. So, in the days leading up to the event, consider purchasing a point-of-sale system that can accept credit cards. Square is a popular and relatively cost-effective option: it doesn’t cost anything upfront and bundles credit card processing fees into its own per-transaction fees, resulting in a net expense of 2.75% for most transactions (net of $97.25 for every $100 charged). This is a small price to pay to capture the ever-growing cashless consumer demographic. On the day before the sale, visit the bank and grab $100 in small bills and coin rolls to ensure you’ll have enough change for buyers who do prefer cash.
The seller, whether a solo entrepreneur or large enterprise, is a vendor, merchant, product creator, or retailer with a product to market. The product can be a physical object, like household goods, or a service, like makeup tutorials. Also known as the brand, the seller does not need to be actively involved in the marketing, but they may also be the advertiser and profit from the revenue sharing associated with affiliate marketing.
This is one of my favorite Amazon Affiliate Websites because it’s so freaking cool! These guys gather up the coolest gadgets, gifts, tech and oddities from Amazon and around the web to showcase on their website. These are gag gifts and fun gadgets people love to buy. They likely use a SEO tool like SEMrush to find great blog post ideas. This site uncovers the cool, often hidden, things of the internet and all you have to do is click on one of the Amazon Affiliate links to buy it from the Amazon store. ThisIsWhyIAmBroke works with more than just Amazon, but it’s one of their biggest revenue sources. It’s entirely possible to create a website just like this.
Blogging is probably the most common way affiliates make money with the Amazon Associates program. Some bloggers have a general topic site, and use a variety of affiliate programs and other monetization options. Other bloggers have a niche site, zeroing in on select products that the site covers. Either way, making money with Amazon Associates on a blog can be done by:
Craigslist: Craigslist is definitely the scrappiest of the major online resale options. The advantage of Craigslist is its enticing profit potential, thanks to the total lack of listing and selling fees for most items. The disadvantages are many, but include potential safety risks and higher chances of nonpayment. If you do choose Craigslist, keep your wits about you and use the buddy system.
When using Amazon Associates you can avoid this problem by creating links to categories of products based on a search term, not links to single products. Be aware that you will have serious problems if you use links to specific products on your website. Who wants to be told that they can't look at reviews or other information about a product before they actually add it to their cart?
I discovered something that is really bad about Amazon. If you use Amazon to promote specific products here is the big problem: You put rectangular boxes on your site that have a "Shop Now" button on the bottom. When someone clicks on it they get a very intimidating message from Amazon that says "Please confirm that you wish to add this item to your cart." The customer is given a second link that says "No thanks! Please return me to Amazon.com." 19 out of 20 customers will bail no matter how much they were interested in the product. To make matters worse, Amazon erases the record of an affiliate link click. Even if the customer ends up buying the product or another product in the same category, the affiliate gets zero credit because Amazon automatically deletes the cookie showing a click on the Amazon link.
Mix High & Low Price Items, but Lean Towards High Price – if you’re doing all this work to push people towards a certain product, make sure that product is worth it. It doesn’t make much sense to review a $5 item with 1,000 words. You should lean towards those higher price items that will give you higher commissions. Remember, you get a percentage of the sale, not a flat fee.
17. Amazon – Have you heard of FBA? It stands for “Fulfilled by Amazon” and it’s getting pretty popular. Basically, you buy products (in bulk is best) and ship them to Amazon for them to store. When your products sell, Amazon packs them up, ships them out and sends you the money (after taking their cut). There are people making a full-time living from FBA, while others just do it for some extra money.
This is a review site that focuses on high end shaving equipment to have a nice mix of lower end and higher end shavers for a nice variety. It’s a simple/clean website design with lots of photos to help people understand the variety. Each review is decently long, but nothing to rave about. What is impressive is each review has a good amount of comments that are answered by the website owner. That tells me that the owner is monitoring this site and probably adding new content. A site like this wouldn’t be too hard to maintain. I’m thinking, maybe they add a new blog post once a month.
It’s so legit that I will likely be back to this site for future reviews for my purchases. It really gains your trust with the photos and videos even though you know they are making money through the affiliate commissions. Plus they buy all the products themselves and never accept any products from the manufacturer to maintain objectivity, but when you bring in 3.1 million visitors per month, you can buy a few items to review.
If you've developed valuable skill sets or picked up certifications within your industry over the years, offering your consulting services to local business owners can be a lucrative way to make money online. Whether you're an expert marketer, business strategist, or manufacturing aficionado, there's likely a local business owner who's willing to pay you to help them solve an issue with their company. Start with this 18-step checklist to becoming a local business consultant from Karyn Greenstreet and then use my guide to crafting an effective cold email to convince them to hire you.
18. CraigsList – Some things don’t ship very well. Other things may make you feel uncomfortable to sell to someone across the country. Anytime you’re selling a large item or something you just don’t want to ship, Craigslist is a great place to go. It’s simple to list your item (again, take good pictures!). If you don’t like the idea of putting your phone number out there, the interested individual can send you a message to your inbox without even getting your email address.
Display. Just as in any retail operation, the way you display your wares will greatly impact your sales. Produce should be placed underneath a cover to protect it from the sun, but be sure to allow at least seven feet of head room. Display your prices prominently, and clearly identify the things that make your product special. Personalize your stand with signs to inform your customers.
If you have experience with marketing, SEO, or a knack for getting people excited about the products and services you use on a regular basis, think about refining your skills and putting them to work making money online as a small business marketing consultant in your region—especially if you can become a local SEO expert and can help local clients rank higher in their search results.
You can promote Amazon products as part of your other business offerings to create an additional income stream. Whether you sell a product or service, chances are their are products and services your customers and clients can benefit from sold on Amazon. For example, if you're a business coach that has found increased productivity with a Bullet Journal, you can promote dotted-page notebooks.
There are quite literally hundreds of clever ways to make money online. From taking online surveys, to renting or selling your old clothes, flipping your iPhone to someone in a different country, and even buying low-cost products locally, just to resell them for a higher price on Amazon. There’s truly no shortage of unique ways to make money online.
Most people think that you need to have a lot money stocked away before getting started with investing in real estate, but that isn’t true. In fact, you can start with with as little as $500 by using a platform like Fundrise. Fundrise allows investors of all types (beginners and experts alike) to invest directly in a real estate portfolio that’s managed by a team of professionals.