Yes, it is possible to make money with Amazon Prime, but it requires leveraging specific services and benefits associated with the platform. Amazon Prime offers a range of features, such as streaming, faster delivery, and exclusive deals, which can be monetized in creative ways.
Key Ways To Make Money with Amazon Prime
Here’s how you can potentially make money with Amazon Prime:
1. Affiliate Marketing with Amazon Prime
Amazon Prime is an integral part of Amazon’s ecosystem, and you can promote Prime memberships as an affiliate. By joining the Amazon Associates Program, you can earn commissions by referring people to sign up for Amazon Prime. Every time someone signs up for a free trial or a paid Prime membership through your referral link, you earn a commission.
- How to Do It: Create content around the benefits of Amazon Prime, such as faster shipping, exclusive deals, or access to Prime Video. You can write blog posts, create YouTube videos, or promote Prime on social media. Use your affiliate links within your content, encouraging readers or viewers to sign up.
- Expected Income: Amazon Associates offers a fixed bounty of $3 for each new Prime membership sign-up. With effective promotion, you could generate anywhere from $50 to $500+ per month, depending on the size of your audience and the number of referrals you make.
2. Selling on Amazon with Prime Seller Benefits
If you’re an Amazon seller (through Amazon FBA or Amazon FBM), offering Prime-eligible products can significantly increase your sales. Prime members tend to favor products with the “Prime” badge because of the fast, free shipping. Being able to sell Prime-eligible products increases your product’s visibility and boosts the likelihood of higher sales.
- How to Do It: Enroll in Fulfillment by Amazon (FBA), where Amazon handles your storage, shipping, and customer service. Your products will automatically qualify for Prime shipping, making them more attractive to Prime members. You can also participate in Amazon’s Prime Day, a major sales event that can lead to a large increase in sales for Prime-eligible products.
- Expected Income: Selling Prime-eligible products can increase your sales volume by 20%-50%, depending on your niche. Earnings can range from $500 to $10,000+ per month, depending on the types of products you sell and the demand.
3. Creating and Distributing Content on Amazon Prime Video
If you’re a content creator, filmmaker, or have a passion for creating videos, you can upload your original content to Amazon Prime Video through Amazon Video Direct (AVD). Once your content is available on Prime Video, you can earn money through royalties based on the number of hours your content is streamed by Amazon Prime members.
- How to Do It: Sign up for Amazon Video Direct, create original content (e.g., documentaries, films, web series), and upload it to the platform. Amazon pays creators based on the number of hours their videos are watched by Prime members, and in some cases, you can also set your content as rental or purchase options for additional income.
- Expected Income: Amazon Video Direct pays creators between $0.01 to $0.12 per hour streamed in the U.S., and $0.01 to $0.06 per hour streamed internationally. Earnings can range from $100 to $10,000+ per month, depending on the popularity and engagement of your content.
4. Participating in Amazon Prime Referral Programs
Amazon occasionally runs referral programs where you can earn money by referring new users to sign up for Prime memberships. These programs pay either cash or Amazon credits for every successful referral. For example, Amazon has offered promotions in the past where both you and the person you refer earn $5-$10 in Amazon credit for signing up.
- How to Do It: Share your unique referral link with friends, family, or your audience through email, social media, or your website. When they sign up for Prime using your link, you get rewarded with either cash or Amazon credits.
- Expected Income: Depending on the promotion, you could earn $5-$10 per referral. While it’s not a consistent income source, it’s a quick way to make extra money during promotional periods.
5. Prime Day Arbitrage
Amazon Prime Day is one of the biggest shopping events of the year, with massive discounts on a wide range of products. Many people use this opportunity to buy discounted items and then resell them at higher prices on platforms like eBay, Facebook Marketplace, or even Amazon itself after Prime Day ends. This is a form of retail arbitrage, where you buy low and sell high.
- How to Do It: Monitor Prime Day deals for items that are heavily discounted but have a good resale value. Buy these products in bulk and then resell them on other platforms or even on Amazon if there is a demand for them post-Prime Day.
- Expected Income: Depending on the products you choose, your profit margins can range from 10% to 100%. For example, if you buy electronics, gadgets, or popular toys at deep discounts, you could resell them for substantial profits. Some people earn $500 to $5,000+ during Prime Day through this strategy.
6. Twitch Affiliate and Prime Gaming
If you’re a Twitch streamer, you can make money by encouraging your followers to subscribe using their Prime Gaming benefits. Prime members get one free Twitch subscription per month, which they can use to subscribe to their favorite Twitch streamers. As a Twitch Affiliate or Partner, you earn a portion of the subscription fee when someone subscribes to your channel using their Prime membership.
- How to Do It: Build an engaging Twitch channel and encourage your viewers to use their free Prime Gaming subscription to support your channel. Since it’s a free perk for Prime members, they are more likely to subscribe without hesitation.
- Expected Income: For every Prime subscription, Twitch Affiliates earn $2.50 to $5, depending on their agreement with Twitch. The more Prime subscribers you get, the more you can earn. Popular streamers can make anywhere from $100 to $5,000+ per month from Prime subscriptions alone.
7. Amazon Prime Wardrobe for Fashion Influencers
If you’re a fashion influencer or stylist, you can use Amazon Prime Wardrobe to make money through affiliate marketing or personalized styling services. Prime Wardrobe allows Prime members to try on clothes before buying them, which presents an opportunity for influencers to create styling content that encourages followers to make purchases through their affiliate links.
- How to Do It: Create styling guides, YouTube videos, or Instagram posts showing how to use Prime Wardrobe. Include affiliate links to the clothing items, and earn commissions when people make purchases. You can also offer personal styling services and recommend Prime Wardrobe items to clients.
- Expected Income: Fashion influencers using Prime Wardrobe can earn commissions ranging from 4% to 10% per sale, depending on the product category. Depending on the size of your following, you could make $200 to $2,000+ per month in commissions.
Amazon Prime offers multiple ways to generate income, from affiliate marketing and selling Prime-eligible products to leveraging Prime Video for content creators and using Prime Day for retail arbitrage. Earnings can range from a modest $50 to $500 per month through affiliate referrals to thousands of dollars per month for advanced sellers, content creators, and marketers who fully leverage Prime’s vast ecosystem. By strategically utilizing Amazon Prime’s many features and opportunities, you can turn it into a steady income stream.