Thanks a lot for those tips. I bought your course but found that the module for finding a niche cannot be easily applied for the following reasons: 1) domain (com, net, org) that match exact keywords are almost taken by someone else; 2) even if you can find an exact match keyword domain, changes are there are other competitors building similar niche review sites, simply adding good quality articles and build links with some social book marking do not seem to work well; 3) can you elaborate in details how to do the SEO for a specific niche using real exams (e.g., if you say social bookmarking, can you tell us how to find those sites or even provide a list of sites; if you use blog comments, can you walk thru the process to find good quality blog that accept comments with “do follow” etc
Retail arbitrage isn’t for everyone, because it involves a lot of research and time to find places that are having crazy liquidation and clearance sales (there are even sites you can subscribe to that will give you the inside scoop on where to go for the cheapest liquidation sales), plus it will most likely involve driving to the retail location to pick up the items.
Over the summer, a group of East African Amazon workers in the Minneapolis area began negotiating with Amazon to make compromises around Ramadan holiday hours, better responding to worker complaints, and building a dedicated prayer space in the Shakopee fulfillment center. Unsatisfied with the pace of progress toward improving working conditions, the group rallied a few hundred people, including local teamster chapters, to the Shakopee facility parking lot Friday afternoon to demand that Amazon reduce productivity rates to safe levels, respect the cultural differences of Muslim East Africans, and invest in a community fund to aid in affordable housing for workers.
Retail Arbitrage: Of course, if garage sales or thrift stores aren’t your thing, there are many ways to make money. I have also done retail arbitrage. Where you buy clearance or discounted items and then sell them. There are good profits in retail arbitrage, but it takes more capital to get started and it takes more skill. Garage sales are still a great way to make money and learn in my opinion.
Use affiliate links every time you can and not just for the obvious stuff but for everything you mention that can be found on Amazon. Have a recipe that uses salt? Link to that (see this example). You can link to the actual name of the product or use type: “I like to use this salt” so people actually click on the link to see what it is. I wouldn’t use this method on all links but I do use it especially when I’m listing several items.
To add more affiliate links to your site, consider building a product page that lets you list multiple links. That also gives readers easy access to the items you recommend. Or you might start a series of weekly or seasonal posts in which you review products. It’s also good to experiment with Amazon’s link, button and banner options, which can help highlight the products you recommend.
This site might seem authoritative, but it doesn’t really cater to the visitor. As you can see the site contains a ton of ads, and doesn’t do much to provide a good reading experience. The content is long, but it’s also very hard to read. You could easily create a site that reviews this product and provides a better reading experience and higher-quality review.
Good comment Jason, at some time in the future Amazon may decide they have so much market share they don't need affiliates anyway. I mean, if you're just sending them people who are already Amazon customers there's not so much benefit there for them. Or they may decide to only work with select HIGH QUALITY affiliates and the average "affiliate site" owner will not be chosen.
As an individual or professional seller, you’ll likely have to satisfy Amazon’s so-called A-to-z Guarantee. That means you could be on the hook for refunds, including shipping charges, if a customer isn’t satisfied. So it’s a good idea to build some financial breathing room into your business plan. Another important consideration is taxes. As a seller, you’re considered self-employed. So even though Amazon generally calculates the sales tax on items, you’ll likely have to set aside more money to pay estimated quarterly taxes on your income.
As to the issues in IL… there are plenty of ways to avoid having your business closed up by an idiotic Governor including like moving your business to a neighboring state that’s actually business friendly. There are ways around the issues and I know I wouldn’t let Amazon shutting the program down in my state stop me. I can’t legally advise you what to do, but I’m just saying there are ways around it.
Work more as a supplement to your current job – As mentioned in the link above, Mechanical Turk will pay less than the minimum wage in most cases. If you want to turn this gig into a full-time job, then be prepare to burn the hours answering surveys and doing data entry jobs. However, if you are just looking for productivity ways to spend your extra time, then Mechanical Turk may just be for you.
Add the links on your blog posts without sounding salesy. I don’t just say buy this or that, I usually write about something useful that happens to mention a product or I write about something I’ve researched about and link the product to Amazon. For example, when it comes to a recipe (which I rarely do) I say “now put the mix in a 9in pan” – 9in pan is a link to Amazon. People probably don’t need one but some might click on the link to see what I use and that might generate some money if they buy something else.
The Amazon Trade-In program doesn’t offer cash, but they do pay you in gift cards for select used books, video games and electronics. One thing I really like as an Amazon customer is that they will let me know when something I have bought on Amazon has a trade-in value. On the day I wrote this post, I was able to trade-in one of my books for $6.04. And I did! I was done with the book. It wasn’t one I took notes in. I shop on Amazon a lot. I can use that store credit.
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For Mike, who got married and became a dad during his almost two decades at Amazon, ownership isn't just about getting work done; it's about leaving work behind and recharging with family. "I manage my schedule really aggressively," he says. "If you let your calendar get filled up with non-essential stuff, you're not owning your career, and you're not owning your path. You can be scrappy. You can be entrepreneurial. You don't have to give up your personal life."