There are numerous ways to make extra money even when you have a full time job. Here’s a tried and tested business model that will bring a decent amount of passive income if you pick the right niches. Simply sign up to become a distributor for the Amazon store and then you’ll see your profits coming in. But don’t just sign up to distribute anything. Focus on household items like bleach, Jello Gelatin, Tylenol or scissors. The big question that people have is why would people want to buy this kind of stuff online when they can easily go to the neighborhood store. The reason is that there are MANY places in the US that are remote. For people who live in these places there are no Walmart or Walgreens stores. So they choose to order products online at high prices and have them mailed. Other customers are those who are just too busy and have figured out how to make the internet work as a time saver.
Out of the many ways to make extra money, this has to be one of the more unbelievable, but believe it. We live in a country of prosperity and passive income niches like this arise as a byproduct. You just have to be aware that this business idea is no secret and there are others doing the same thing. This means you have to play it smart and find out which products have low competition. Do this by taking a cursory look at the Amazon store. Make a list of the low competition products and then go to your local CVS or Walgreens, or wherever and try to find these prices on sale. As you look around in these stores, use an app called ‘Price Bandit’ to find the Amazon price of each product in real time.
Many people have been so successful with this business model that they have managed to quit their day jobs. This should be your overall goal because statistically, in the future you’re going to be leaving your job one way or another. Do it as soon as possible on your terms while you have something to fall back on. Once you start your supplier business, you will be sure to find other niches with a similar business model. These ways to make extra money will be more profitable for you with your specific situation and geography.
Perhaps what I just said is the most important part of this post. Let me say it again:
Once you start your supplier business, you will be sure to find other niches with a similar business model.
The most successful passive income entrepreneurs are the ones that started doing one thing and found something better through trial and error. These kinds of business discoveries are not widely known because they are NEW and SECRET. Twenty years ago if I had known about how pervasive the internet would be, I would have gotten into the domain name buying business and made a fortune. By going into the fray as an Amazon distributor, you will be positioning yourself for business opportunities as they arise.