CHECK THIS I now make up to $17,000 a month on Amazon after being laid off – how I started it as a side hustle with zero experience
A WOMAN has revealed how she now makes up to $ 17,000 a month after being laid off from her job during the pandemic and turning to Amazon as a side hustle.
Sue Irven and her husband Manny Irven started an Amazon account in June 2020, self-publishing “low-content books” with zero experience, she explained.
Their items included journals and notebooks – and neither had design experience, according to a blog Sue wrote for Business Insider.
It has now become their primary form of income, but the couple recommends to others to start it off as a side hustle first to gauge success.
Both Sue and Manny were laid off in 2020 due to the pandemic, from low-wage, jobs.
“We knew we needed to diversify our income streams, and at the very least make more money so we could work fewer hours,” she said.
“So we tried out different side hustles.”
First, they did “affiliate marketing,” but did not have a large social media following.
Then, they took a shot at “private-labeling eCommerce” but the shipping times and costs were high.
Finally, they decided to look into purchasing vending machines, but they did not think they would be lucrative and the startup costs were too high.
Selling on Amazon
The couple started to sell KDP (Kindle Direct Publishing) which allows you to self-publish “notebooks, journals, planners, fitness trackers, travel logs, activity books, puzzle books, and more.”
All you have to do is submit your design.
They make $5,000 to $10,000 per month on average, and during their best month to date, they made $17,000 in profit.
Sales began to pick up during the first month with only ten designs.
“You design the item and list it, then Amazon sells, prints, and ships your products to the customer while you collect royalties from each sale,” Sue wrote.
“One of the best aspects of Amazon KDP is that you can put as little or as much time into it as you want; it can start as a part-time side hustle and turn into primary income.
“My husband and I started selling KDP now serve as our full-time income — neither of us has jobs outside of KDP, but we suggest people start out doing it as a side hustle.”
Tips for newbies
For people who want to get started on KDP, Sue has a few tips.
First, you want to be consistent, she said.
The innovator publishes ten designs a week, so her profit comes from 200 designs.
Ans she says you want to make sure your listings correspond to what customers are searching for.
“For example, if we search “notebooks,” and see that floral notebooks are the top hits at the moment, we’ll plan our designs accordingly.,” Sue explained.
“The research process can take an hour or days, depending on how detailed we want to be.”
With little design experience, they use Canva to create their front and back cover and Canva pro to make coloring books.
Despite the project being an active side hustle, it has its downs too, Sue said.
She explained: “Some days you’ll make $1,500, and other days you’ll make $50. As a business owner, you should expect ups and downs.
“You also shouldn’t expect to see success right away. It took us 10 designs before we started making sales.”
It’s important to note, the Internal Revenue Service (IRS) states if you are a self-employed individual, generally you are required to file an annual return and pay estimated taxes quarterly.
The Sun spoke with a tax expert who outlined how a side hustle could land you with a massive IRS bill.
The IRS states you have to file an income tax return if your net earnings from self-employment were $400 or more.
If your net earnings from self-employment is less than $400, you still have to file an income tax return if you meet any other filing requirement listed in Form 1040.