One of the most frequent searches on Google today is how to make money reviewing Amazon products. But is it possible in 2024? Amazon can bring a sufficient income, but it can also take your time and bring nothing. So, I’d like to share my experience on how to make money on Amazon in 2024 and I hope this guide will help you on your journey.
Can you make money reviewing Amazon products today?
In short, the answer is Yes! You can make money reviewing Amazon products through the Amazon Associates program.
However, the amount varies widely based on factors such as the niche, the traffic your platform receives, the engagement of your audience, and how effectively you convert clicks on your affiliate links into sales. Let’s dive deeper into the income potential topic.
The earnings from Amazon Associates come from commission rates that vary by product category. As of the latest update, these rates range from 1% to 10% of the product’s purchase price:
- Low-End Example
If you run a small blog or YouTube channel focusing on book reviews. You generate 1,000 clicks per month to Amazon, with a 5% conversion rate (50 sales) and an average commission rate of 4.5% (common for books), with an average purchase price of $15, your monthly earnings would be approximately $33.75.
- High-End Example
If you have a more extensive website or YouTube channel that reviews high-end electronics with 100,000 clicks per month, a 5% conversion rate (5,000 sales), and an average commission rate of 4% on products with an average price of $500, your monthly earnings would be approximately $100,000.
Examples of Successful Amazon Affiliate Marketers
- TheWirecutter.com
Before being acquired by The New York Times, The Wirecutter specialized in in-depth reviews and affiliate marketing, primarily through Amazon Associates. They test products and provide clear and comprehensive reviews. The site focuses on different products, from electronics to home goods.
- ThisIsWhyImBroke.com
This site showcases an eclectic mix of products ranging from the practical to the bizarre, driving traffic and sales through affiliate links, including Amazon Associates. It’s an example of a more humorous and unique approach to affiliate marketing.
- SmartPassiveIncome.com
Pat Flynn, the founder of Smart Passive Income, has been transparent about his income from affiliate marketing, including earnings from Amazon Associates.
How to make money reviewing Amazon products
Amazon, the world’s largest online retailer, offers endless opportunities to earn money. From affiliate marketing to becoming an Amazon Vine reviewer, the platform provides various avenues for making income through product reviews.
Step 1. Start with a Plan
The first step is to select a niche that interests you. Whether it’s technology, beauty products, books, or kitchen gadgets, focusing on a specific category will help you build a targeted audience.
Knowing what your audience is looking for in products within your niche is crucial. This will help you select products to review to match your content and your audience’s needs.
Step 2. Create a Platform for Your Reviews
Start a Blog or YouTube Channel
To publish your reviews, you’ll need a platform. A blog or a YouTube channel are popular choices. Each has its advantages depending on whether you prefer writing or creating video content.
Optimize Your Content for Search Engines
Understanding basic SEO is crucial. Use relevant keywords in your titles, descriptions, and content to improve your visibility in search results.
Want to save time on this? Use SEO services like Semrush and start making money faster.
I like Semrush because this service also helps to analyze which products are trending now based on the number of search requests.
Step 3. Join the Amazon Associates Program
Signing up for Amazon Associates is fast and easy. This affiliate program by Amazon pays you commissions for purchases made through your affiliate links. Sign up for the program and start including affiliate links in your reviews.
To maintain your standing in the Amazon Associates program, you should comply with Amazon’s guidelines, which include disclosing your affiliate relationship with Amazon on your website or channel.
Step 4. Select Amazon Products to Review
Start with products you’ve already purchased or those you can borrow from friends or family. As your platform grows, you may receive products directly from brands.
Remember, your reputation hinges on your honesty. Provide genuine feedback about the products, highlighting both positives and negatives.
High-Value Product Categories
To select the product for reviews, focus on items with higher price tags or those within niches that offer more generous commission rates. Amazon Associates adjusts its commission rates periodically. As of my last update, here are examples of product categories and specific items that can potentially offer higher earnings for Amazon affiliates:
High-end electronics, including laptops, cameras, and audio equipment, often come with significant price tags, making them lucrative for affiliates.
Examples: Latest model laptops, DSLR cameras, high-quality headphones.
Big-ticket items like refrigerators, washing machines, and smart home systems can yield substantial commissions.
Smart refrigerators, high-efficiency washers and dryers, and robotic vacuum cleaners.
High-quality outdoor gear and fitness equipment, including bicycles, treadmills, and home gyms, are often expensive purchases.
Examples: Electric bicycles, commercial-grade treadmills, and all-in-one home gym systems.
Examples: Luxury furniture or high-end office setups can also be quite costly.
Examples: Ergonomic office chairs, designer sofas, and high-end patio sets.
High-end jewelry and luxury watches are not only expensive but also have the potential for a high commission rate.
Examples: Luxury watches, and designer jewelry pieces.
Professional-grade tools and significant home improvement items can command high prices.
Examples: High-end power tools, and whole-home generator systems.
Premium beauty products and gadgets in the beauty industry.
Examples: High-end skincare devices, and professional hair-styling tools.
Step 5. Create High-Quality Review Content
Your reviews should be comprehensive and helpful. Include your personal experience, product specifications, pros, and cons, and ideally, images or videos of the product.
Also, encourage viewers or readers to comment on your reviews, ask questions, and share their experiences. Engagement can boost your content’s visibility and credibility.
Read also: How to start a dropshipping business [a simple guide for beginners]
Step 6. Promote Amazon Product Reviews
You have several options here:
- Social Media. Share your reviews on social media platforms like Facebook, Twitter, and Instagram to reach a wider audience.
- Network with other reviewers. Joining forums and communities related to your niche can help you gain visibility, share tips, and even collaborate with other reviewers.
- Use paid ads. If you have funds to invest in, targeted ads will save you time and speed up the money-making process.
Step 7. Diversify Your Income Streams
As your website traffic grows, brands may offer to pay you for reviewing their products. Ensure these opportunities align with your niche and maintain your integrity by being transparent about sponsorships.
Besides Amazon Associates, many other affiliate programs can complement your income. Research and join programs relevant to your niche.
- Stay Consistent – regularly posting reviews is key to growing your audience.
- Keep Learning – stay updated on your niche, SEO, and content creation strategies to keep your content relevant and engaging.
- Monitor Your Performance – use analytics to understand what works and what doesn’t.
5 Tips On How to Maximize Amazon Earnings
1. Focus on niche markets
Products in niche markets can command loyal followers willing to spend more on high-quality items.
2. Review high-value Products
Creating in-depth reviews and comparisons of high-value products can attract an audience ready to purchase.
3. Seasonal and high-demand items
Pay attention to seasonal trends and high-demand products, especially during holidays or special events, when people are more likely to make significant purchases.
4. Pay attention to high-traffic events
Amazon’s Prime Day, Black Friday, and Cyber Monday are excellent opportunities to promote deals on high-ticket items.
5. Build trust
Your audience is more likely to purchase based on your recommendation if they trust your judgment and expertise.
Remember, success in affiliate marketing also heavily depends on the trust you build with your audience and the value you provide in your content.
Conclusion
Making money by reviewing Amazon products is possible in 2024. But remember, success in this field doesn’t happen overnight, but with persistence and dedication, you can turn your passion for reviewing products into a rewarding source of income.
Tetiana is a business coach and owner of IStartHub, a business media for ambitious female entrepreneurs and small business owners.