7 ways to make money thanks to Amazon in 2024 (without selling products)

Updated: July 26th, 2022

Can Amazon keep growing?

Short answer: Yup.

In 2021, its revenue was $469B -> 67% up from the previous year. Yeah, you read that right.

Thus, we're living an Amazon gold rush. There are over 9M sellers on Amazon. And the number keeps growing.

You can chase that Amazon gold. And you may just find it. But there’s a different opportunity to make money in the Amazon economy and it’s as big as the biggest seller on the platform: sell the picks and shovels.

Amazon is so big, you can make millions finding little niches and being the best in the world at them.

Here's the list:

1. Create kickass product listings


A poorly written description, low-quality images, or not using the right keywords can bury a product on the last page of every search. There's a great opportunity to help sellers.

Plus, it's super easy to spot potential customers. Just browse Amazon and find products with low sales or very few reviews.

This guy makes $720K/year writing Amazon product descriptions.

Typically our clients are Amazon sellers (whether they’re just starting or established brands) that want to launch their products on Amazon USA and/or Europe. We help them create killer, fully optimized product listings that will boost click-through rate and conversion rate using our OJ Method.

We handle the entire listing, from copy to graphic design. And as of today, we’ve helped over 3,000 sellers worldwide, and our agency makes around $60K per month.

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Omar Deryan, on starting OJ Digital Solutions ($60,000/month) full story ➜

2. Handle shipping and logistics


Dealing with shipments from a garage has risks and being late often can kill a business.

This immigrant entrepreneur built a $60M/year fulfillment business.

Our services are primarily geared towards B2C/eCommerce, subscription boxes, and crowdfunding fulfillment. We also offer FBA prep and B2B/retail services for online merchants. Our clients come from all walks of life, but small to medium-sized businesses are our sweet spot.

We’ve been operational for about five years now, and we could never have imagined how fast we’d scale. ShipMonk’s revenue rose from $130K in 2014 to nearly $30M in 2018. With projected revenue of $60M for 2019, we absolutely can’t wait to see what else is in store for us!

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Jan Bednar, on starting ShipMonk ($25,000,000/month) full story ➜

3. Master inventory management


Getting an order and realizing you don’t have stock of that product or taking too long to order a new batch can also cause major dealy problems.

These founders grew their business to $6M/year in 3 years helping Amazon sellers with their inventory.

Our business is completely self-funded/bootstrapped and we’ve grown 1000%+ annually year/year since inception. We’ve grown revenues from zero to a $5 million+ run rate annually, with no outside capital investment. Since inception, we’ve processed over 4 million products through the network with a Gross Merchandise Value (GMV) of over $1 billion.

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Tom Wicky, on starting MyFBAPrep ($500,000/month) full story ➜

4. PPC ads campaigns


Many sellers just start advertising without any kind of strategy. That’s a recipe for wasting a lot of money.

This agency makes $12K/month running PPC ads campaigns.

We started officially in December of 2020 and we are currently generating about $12,000 per month and we are helping some of the biggest companies in our area. In one of our clients that we also used as a case study we achieved a 2680% increase in revenue in one month compared to the same last year.

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Lani Eirini, on starting LV8 ($20,000/month) full story ➜

5. Video killed the photo star


Did you know that people who watch a product video are 3.6x more likely to buy the product? Hard to find a better selling point for your service than that.

This company grew to $360K/year by making incredible product videos for e-commerce businesses.

We have sent hundreds of cold emails. The trick to getting a response lies in doing the research. When it comes to cold B2B emails quality always trumps quantity.

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Louise B. Maciulevicius, on starting Silksocial ($30,000/month) full story ➜

6. Data analysis


Once a seller has more than a couple of listings, managing and understanding all the information that Amazon provides can be daunting. Especially for someone who’s already struggling with everything else.

This plugin for sellers on Merch By Amazon (see how niche is possible to go?) makes $120K/year.

Another example: This Google Sheets add-on that connects with Amazon Seller Central grew from $8K/month to $23K/month in one year.

7. Jack of all trades (Bonus)


If you've succeeded yourself as an Amazon seller, your knowledge of the platforms is highly valuable.

Instead of focusing on one specific service, you could take the 360º route and create an agency that tackles several of the above issues.

This successful seller used his expertise to start an $80K/month business that helps other Amazon sellers.

While learning the eCommerce industry, I became frustrated by making simple mistakes along the way and having no one to consult. As I excelled at eCommerce and Amazon, I started offering my skills to others, because I knew other beginner entrepreneurs were trying to overcome similar obstacles and difficulties. By offering consulting services, I began to help others reach my level of success.

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Scott Bartnick, on starting The Five Day Startup ($80,000/month) full story ➜

As you can see, there's a myriad of opportunities to make money thanks to Amazon, and the future is going to bring even more. That's why it is important to keep an eye on the changes and trends of the platform as any update can uncover new business opportunities.

Want to know even more about the possibilities that Amazon offers? Check this list with 50 profitable Amazon-related business ideas.

meet the author
David Bustos

Hey there! 👋 I'm David, and if you ever got an email from Starter Story, I probably wrote it. With a background in working with startups and writing, being part of this team is kind of a perfect fit for me.