Profitable Amazon Side Hustle For Sellers in 2024

Ever been in a store and spotted something on sale, thinking, “Hey, I could probably sell this online for more”? That’s how a lot of Amazon sellers got their start. It’s not about getting rich overnight or quitting your job. It’s just about making a bit of extra money on the side with a side hustle.

Some people buy stuff cheap and resell it (retail arbitrage). Others create their own products (private label). Either way, it’s regular folks turning their shopping skills or ideas into some extra cash.

This isn’t just another “how-to” guide. It’s more like a chat about how people are making money on Amazon in their spare time. We’ll talk about what works, what doesn’t, and how you might be able to do it too.

No big promises here. Just real talk about how some people are using Amazon to boost their income, one sale at a time.

Retail Arbitrage

Retail arbitrage is just a fancy term for buying stuff cheap and selling it for more. It’s like being a treasure hunter in your local stores.

Pros:

• You can start small. No need for big money upfront.
• It’s kinda fun, like a treasure hunt in stores.

Cons:

• It takes time. You’ll be out there scanning barcodes a lot.
• Competition can be tough. Other sellers might spot the same deals.

Getting Started:

1. Get the Amazon Seller app. It’s your best friend for checking prices.
2. Hit up clearance sections, discount stores, anywhere with deals.
3. Scan items. Buy what looks profitable.
4. List and ship your finds.

Tools You’ll Need:

• Smartphone with Amazon Seller app
• A way to get to stores (car, bike, whatever works)
• Some cash to buy inventory

Also Read: AI TikTok Shop

Wholesale Selling

Wholesale is buying in bulk from suppliers and selling piece by piece on Amazon. It’s like being a mini-Walmart.

Pros:

• More consistent stock. No running around stores.
• Can be more profitable if you find good suppliers.

Cons:

• Needs more money to start. You’re buying in bulk, after all.
• Finding good suppliers can be tricky.

Finding Suppliers:

• Check out trade shows in your area.
• Look online for wholesale directories.
• Sometimes, just reaching out to brands directly works.

Tips for Success:

• Start small. Test products before going all in.
• Build relationships with suppliers. Good connections help.
• Keep an eye on your numbers. Know what’s selling and what’s not.

Remember, both these methods take work. But hey, that’s why it’s called a side hustle, right?

Also Read: 63+ AI Side Hustle Ideas

Private Label Selling

Private label selling is like being your own brand boss. You’re not just reselling stuff; you’re creating your own products with your name on them. It’s like having your own little brand on Amazon’s big stage.

Pros of private label selling:

• You’re the boss. You control the product, the brand, everything.
• Better profits. No middleman means more money in your pocket.
• You can build a real brand. Something that could grow big.

Cons of private label selling:

• It costs more to start. You need money for products and branding.
• More risk. If your product flops, you’re stuck with it.
• It’s more work. You’re handling everything from design to customer service.

Product research and selection is key here. You can’t just pick any old thing to sell. Here’s how to do it:

1. Use Amazon’s Best Sellers list. It’s like a cheat sheet for what’s hot.
2. Look for products with decent sales but not too much competition.
3. Check reviews of similar products. What do people love? What do they hate? This is gold for improving your product.
4. Think about size and weight. Smaller, lighter items are usually easier to start with.

When it comes to branding and packaging, remember:

• Your brand name matters. Make it catchy and easy to remember.
• Design a simple but eye-catching logo. It doesn’t need to be fancy.
• Packaging should protect your product but also look good. First impressions count.

Sourcing and manufacturing can seem scary, but it’s not rocket science:

• Start with sites like Alibaba to find manufacturers.
• Ask for samples. Always. Don’t commit without seeing the product.
• Start small. You can always order more if things go well.
• Communication is key. Be clear about what you want.

credits: CNBC

Also read: 101 Side Hustle Ideas For Teens

Getting Started with Your Amazon Side Hustle

Choosing the right business model depends on you:

• Retail arbitrage if you like hunting for deals and have less to invest.
• Wholesale if you’ve got more cash and want steadier inventory.
• Private label if you’re in it for the long haul and want to build a brand.

Setting up your Amazon seller account is pretty straightforward:

1. Go to Amazon’s seller central website.
2. Choose between individual (pay per sale) or professional (monthly fee) account.
3. Have your tax info and bank details ready.
4. Follow Amazon’s steps. They guide you through it.

Tools and resources you’ll need:

• For product research: Jungle Scout or Helium 10. They’re not free, but they’re worth it.
• For pricing: Use Amazon’s own tools, plus keep an eye on competitors.
• For customer service: Start with email, maybe add a phone line as you grow.

Time commitment and expectations:

• Start with a few hours a week. You can grow from there.
• Don’t expect to get rich quick. This is a slow and steady game.
• Be ready to learn. Amazon’s always changing, so you need to keep up.

Credits: Greg Gottfried

Most Popular Amazon Side Hustles For Sellers

1. Retail arbitrage: About 20% of Amazon sellers do this. It’s popular because it’s easy to start.
2. Wholesale selling: This is big, with 26% of sellers going this route. It’s good for those who can invest a bit more.
3. Private label selling: While we don’t have exact numbers, it’s a hot topic. Some Reddit users claim to make six figures from it. But remember, that’s not the norm.

You might be interested in reading:

• AI Side Hustles for Women
• 21+ New Side Hustle Ideas
• 27 Side Hustles That Helped Me Pay My Debt
• DoorDash as a Side Hustle
• Best Side Gigs For Physicians
• Best Side Jobs for Women
• 53+ Lucrative Side Hustles for Women

Tips for Success

Dedication and consistency are key:

• Set a schedule. Treat it like a job, even if it’s just a few hours a week.
• Keep at it. Success on Amazon doesn’t happen overnight.

Patience and willingness to learn will take you far:

• Things will go wrong. That’s okay. Learn from it.
• Keep up with Amazon’s changes. They happen a lot.
• Join Amazon seller forums. Learn from others’ experiences.

Adapting strategies is crucial:

• What worked last year might not work now. Be ready to change.
• Keep an eye on your stats. They’ll tell you what’s working and what’s not.
• Don’t be afraid to drop products that aren’t selling.

Leveraging tools and resources can give you an edge:

• Use Amazon’s free tools. They’re there to help you.
• Consider paid tools like Jungle Scout for deeper insights.
• Read Amazon’s seller guides. They’re full of good info.

Remember, starting an Amazon side hustle isn’t about getting rich quick. It’s about escaping the rat race, building something steadily, learning as you go, and maybe, just maybe, turning it into something bigger down the road. It takes work, but hey, that’s why it’s called a hustle, right?

The key is to start small, learn the ropes, and grow from there. Don’t invest money you can’t afford to lose, and always keep learning. Amazon’s a big place with lots of opportunities. Your job is to find your little corner in it and make it work for you.