We all know how to shop on Amazon, right? But how many of us know how to save money or even better, make money from Amazon? Well, carry on reading and I’ll explain both. I’ve only recently joined the Amazon shopping frenzy. Once I purchased my first item that was it, I was hooked. Unfortunately, the exciting feeling continued — and I still spend way too much money on impulsive buys. Don’t get me wrong, I love to walk round the shops, meet friends, have a coffee and a look at all the bargains in the shop, but sometimes, it’s nice to have the convenience of ordering from home and wait for your item to be delivered to your front door within 24 hours.
However, there are ways I’m redeeming myself — or at least justifying my spending…
Ready to start making money instead of spending it? Here are 12 ways you can make money online through Amazon.
Have you got some products that need selling’? Let Amazon customers take a look. Listing items on the platform as a third-party seller can help you reach more potential customers — in the UK we’re talking more than 25.9 million unique visitors each month. Here are a few examples of items you can start selling:
• Those stacks of books collecting dust in your home.
• Private-label products,(my link) (see paragraph … for more details) which are generic products you resell with your own unique packaging and logo.
• Clearance items, eBay deals and Craigslist freebies you’ve hunted down. (This is a practice known as retail arbitrage (for more details see below under chapter Arbitrage but basically it’s purchasing a product and reselling it for a higher price.)
• Collectable toys you’ve found at second-hand stores and antique shops.
• New clothes you’ve purchased off clearance racks.
Amazon offers a complete list of selling categories Some categories require approval, so you’ll have to submit your request to list, then hang tight for about three business days until Amazon gets back to you. There are fees to sell on Amazon. Amazon sellers can choose between two selling plans:
To start selling on Amazon, create a Seller Central (Check affiliate) account. It’ll walk you through the listing process. How much money you make selling on Amazon depends on how much you invest in your products upfront, how much you list these products for and how many products you sell. You’ll also need to take the fees into consideration.
Private label Rights
You’re probably already a fan of Amazon as a consumer, since it makes it easy and affordable to order the items you need. But have you considered how to turn Amazon into your business partner? It’s possible to make hundreds or thousands of pounds a month by selling private-label products. Before diving in though, it’s important to understand this isn’t a get-rich-quick strategy.
It takes diligence, patience and a willingness to see an idea through from start to finish. To be most successful, set your expectations accordingly. Wait… What Is Private Label on Amazon, Exactly?
Essentially, selling private-label products involves finding generic products that are already selling well on Amazon, creating your own packaging and logo and marketing them better than your competition. Sounds appealing? Let’s break it down step by step for an actionable look at how to build your own private-label business.
Step 1: Research and Select a Product
This is arguably the most important and time-consuming step in the process, but the friendly folks at Amazon lighten the burden a bit by pointing you in the right direction. That’s because the site releases detailed lists of their best-selling products. While the lists are designed to give consumers a chance to see what’s popular, you can use them to your advantage, too. The best-seller rankings essentially serve as your pre-market product research. Instead of developing a product and then testing to see if it sells well, you can start by seeing if the product sells well and then make a decision regarding whether or not you want to pursue it. When looking through Amazon’s top-100 rankings for each category, be on the lookout for items that are lightweight, high-ranking and generic.
Generic refers to something like a water bottle, silicone spatula or flashlight — all items that can easily be produced with your own brand and packaging. In other words, you wouldn’t want to select a product that’s brand-driven — such as an iPhone or Nike running shoes — because those are protected products that can’t be private labelled.
Once you find a product that you’re interested in, it’s time for phase two of the product research stage.
Check Out the Competition
During this phase, study your competition to see how they’re doing. For example, let’s say the product you’ve honed in on is an insulated water bottle. While you might know from the top-100 rankings one insulated water bottle brand sells well, you need to learn more about the competitive landscape. Using the search box at the top of Amazon, run a query for “insulated water bottle” and review the results. Open up the first five listings and record the following information in a spreadsheet: price, number of reviews, Amazon best-sellers rank and quality of listing. The latter point is discretionary, but after doing some research, you’ll quickly be able to tell the difference between a good listing and a bad one. Using the information you gather from these five listings, which serve as your sample of the marketplace, determine whether the opportunity is worth pursuing.
Ideally, you want to see the following in your spreadsheet:
Don’t be afraid if you can’t find a product right away. It usually takes hours of research to find an opportunity which will work. However, let’s say your research for insulated water bottles met all of these requirements. Now you’re ready to find a supplier.
Step 2: Find and Contact a Supplier
Once you know you have a good product opportunity, it’s time to find a supplier. While it’s possible — depending on the product — you could find a supplier in the UK although it’s highly unlikely that you’ll find a cost-effective one. Trust me on this one and head over to Alibaba (My affiliate link) to look for an international supplier. Start your supplier search by entering the same key phrase into the Alibaba search box. In this case, a simple search of “insulated water bottle” will give you thousands of different products and suppliers. Find the style you’re looking for and research a few different suppliers. Depending on how thorough their listings are, you can usually see the required minimum order quantity (MOQ), price range, style options, lead time and whether they allow for private labelling. However, you’ll need to email the supplier to get an accurate quote for your order. I’ve found suppliers are willing to negotiate, even on your first order. While they may claim their MOQ is 500 or 1,000 units, it’s entirely possible to talk them down to, say, 250 or 300 units. Generally, there’s also room for negotiating prices. Just act confidently and pretend you’ve been there before — even if you haven’t!
Step 3: Get Your Logo, Design and Packaging
To save time and streamline the process, you can often work on step three alongside step two. Once you’ve found a supplier who’s willing to let you private label the product, you have to choose your marketing materials. Don’t worry, though — you don’t have to create them yourself! Use a website like Fiverr or Upwork (affilatre Links) to hire professional designers at competitive prices.
On Fiverr, you simply search for designers and then send them your job proposal. On Upwork (formerly Elance), you’ll actually create a project proposal and have designers bid for your project. I’ve used both sites, but prefer Upwork for packaging and logo design. Assuming you’ve had time to develop a brand name during this process, you’ll want your designer to create a logo that represents your brand and vibrant packaging that sets it apart from your competitors — the ones listed in your spreadsheet from step one. Once you have your design files, send them over to your supplier and tell them to proceed with your order.
Step 4: Craft a Compelling Listing
Depending on your supplier’s lead time, you could wait anywhere from 10 to 30 days for your shipment to arrive.
Use this time wisely. Start by focusing on your listing. Follow Amazon’s directions and protocol for creating a seller account and then create a listing link for your product.
To create a compelling listing:
While you’ll have to work within the constraints of what Amazon does and does not allow on listings, you should be able to use bolded text and bullet points to accentuate key facts. As you likely noticed during step one, many sellers don’t do a good job with their listings, yet still sell well. Can you imagine how many more units they would sell with descriptive listings? This is your chance to set your product apart and differentiate your brand as knowledgeable and informative.
Step 5: Use Fulfillment by Amazon to Create Passive Income
Join Fulfillment by Amazon If you’re looking for a more hands-off way to sell, the Fulfillment by Amazon program (commonly referred to as FBA) could be for you. It’s similar to the traditional selling program, and you’ll still need to create an account through the Seller Central portal. So why wouldn’t you just opt for the FBA program versus the more traditional sellers program? The fees. If you’re not sure what your best strategy is, Amazon offers an FBA profitability calculator.
Some of you are probably saying, “This whole process doesn’t sound like passive income.” Well, up until now, you may be right. However, assuming you did a thorough job in the previous steps, you’re almost ready to sit back and reap the benefits. Thanks to the Fulfillment by Amazon (FBA) program, you don’t have to manage the monotony of picking, packing and shipping orders.
FBA is great. You ship your products from whoever is making them direct to Amazon, they will store your items in their warehouse until a customer decides to purchase. This is great if you have a lot of inventory but little space.
Once a customer purchases an item, Amazon handles the entire process, from packing and shipping to handling returns and customer service inquiries. Although FBA saves you from logistical pains, it’ll charge you additional fees, including inventory storage fees. Say you have a used book that’s waiting to be sold. If no one buys within 180 days, Amazon will charge you long-term storage fees. Fees vary by size of inventory and time of year. They are typically updated annually, so you’ll want to keep checking.
While FBA takes a small percentage of your profits, it’s well worth it for most sellers. Your shipping costs are included in the fees and your products automatically become eligible for free Prime shipping, which could help you make more sales.
Once you set up your listing and ship your products to the distribution centre, you can be as hands-off as you’d like. When a customer makes a purchase, you don’t even have to lift a finger. Amazon’s fulfillment centers take care of everything, including returns and customer service issues.
Step 6: Make Your First Sale
In any business or industry, the first sale is typically the most difficult to make. You don’t have a reputation or any existing customers, so it can be challenging to convince someone to purchase your product. Many sellers run some sort of sale or discount during a product’s launch. By reducing the price, you lower the customer’s perceived risk and entice them to take a chance on your product. You can also use Amazon’s internal advertising system, which allows you to pay for your product to be listed in relevant on-site searches. This is a great way to increase visibility and attract an initial burst of sales.
Another option is to use Google AdWords to drive traffic to your listing. While AdWords will be more expensive, I tend to generate more sales from it than from other methods. While these are the most common strategies, there are hundreds of other ways to increase sales and traffic. This is where you can get creative and have fun with your product! Or, if everything is working on its own, simply sit back and let the passive income accumulate.
How Much Can You Earn With a Private-Label Amazon Business?
Products that rank within the top 100 in their category often bring in thousands of pounds per day in revenue. Products that rank in the top 500 typically produce hundreds of pounds per day. Even a product in the top 2,000 to 3,000 can earn you a steady supplemental income. Since different types of products have different price points and associated costs, those numbers are estimates.
How Much Does It Cost to Start a Private-Label Business?
It’s difficult to specify the initial investment for your own private-label brand, since it depends on your product. But an idea Say 500 units at a per-unit cost of £3.20. In addition to the £1,600 cost of initial inventory. Say £400 to design packaging and logo, start a website, set up Amazon business account and pay other minor expenses. So let’s say launching our first private-label brand cost about £2,000.
However, I know people who spent only a few hundred pounds getting their first brand off the ground — and also people who spent many thousands.
Look for a healthy profit margin. I like to aim for a per-unit profit margin of at least 50%. It all depends on the product, but there’s a niche for every budget. So in the example above, if you sell for say £15 per item (£7,500) less fess and advertisement (say £1,500) that’s a profit of £4,000.
All you do then is repeat and repeat, find new products etc. You’ll also find that you’ve tried and tested the market, got your brand known and thus can order more than 500 units say 2,00 units at probable £2.50 per unit. Plus after a while, your rankings increase and you’d be able to ask for more money – say £18 per unit. Do you see, all of a sudden the costs come down, price goes up.
What is retail arbitrafe? Who doesn’t love a good sale? Serious bargain hunters can save a bundle shopping the clearance aisle and watching for damaged or irregular items on store shelves.
The bargain you find could earn you good money with retail arbitrage. Retail arbitrage simply means buying clearance items at retail stores then and reselling them for a higher price. Some people resell items on eBay or Facebook Marketplace and ship directly to the buyer, others use Amazon to pick, pack and ship orders for a small fee.
How Retail Arbitrage Works
1. Get to Know Your Market
Hot ticket items vary by season and even by geographic location. For example, grills and other outdoor items’ prices fall more dramatically in the winter than in the summer.
2. All Clearance Prices Are Not Created Equal
Just because a 4K TV is on clearance at a shop in Coventry, doesn’t mean it’s also on clearance in Birmingham. You can use other areas as a rough guide, but never go crazy trying to find that item just because it was on clearance hundreds of miles away.
3. Price Check Items Before You Decide
Make sure to check [clearance item] prices either via the store’s price-checking machines or the store’s app. Sometimes you can find amazing 90% off deals on an item with a clearance sticker that only says it’s 50% off.
4. Learn Your Store’s Routine
Most retail stores have a routine for clearance markdowns, so get to know when your store marks items down and how much it normally knocks them down. This will help keep you from running to the store every day just to check prices.
You can opt to work behind the scenes in the fulfillment and operations sector of the business. It seems each day a new Amazon fulfillment center pops up, which means the retailer is consistently looking for part-time and full-time fulfillment/warehouse associates. Often, these jobs require hands-on physical labour. Remember you’ll probably be lifting boxes, operating forklifts and/or retrieving boxes that might be on a high shelf. You must be at least 18 years old to apply and need to have a high school diploma or equivalent. No need to submit a CV — just search fulfillment/warehouse associate positions, and fill out an application.
You know when you order a package through Amazon and receive it the same day? It’s not magic — it’s your friendly Amazon Flex delivery partner. As an Amazon Flex delivery partner, you’ll deliver goods to consumers via Amazon.co.uk, Prime Now, AmazonFresh and Amazon Restaurants. Amazon Flex says you can make £12 to £15 an hour as a Flex associate, though that’ll depend on how much you’re able to deliver. It processes payments on Tuesday and Friday through direct deposit, so you should see your money on Wednesday, Saturday or both. One of the biggest perks is that you get to set your own schedule, using the Flex app to claim delivery blocks (or shifts) you want to work. You’re an independent contractor, though, so you’ll be responsible for your fuel, parking, etc.
To qualify, you’ll need a phone with the Flex app and a car. If you’re delivering Prime Now orders, any car will suffice; however, if you’re delivering for Amazon.com, you’ll need a four-door midsize sedan or larger. In some areas, bikes are acceptable. The program recruits in various areas across the country based on need. If you don’t find your city on the list when you go to sign up, you can always join the waitlist.
Amazon consistently recruits new employees across its platforms, but the work-from-home customer service jobs prove most popular. Why? These positions are fairly entry level, and you can work from your couch. If you’re looking for something temporary, you can grab a seasonal job around the holidays (think: Cyber Monday). Customer service associates communicate with customers via phone and live chat to help answer their questions, solve their issues and ease their concerns. Typically, requirements include a year of customer service experience and be proficient in English. You should have basic phone and computer skills as well as a fast and reliable wired internet connection. Otherwise, Amazon sends you the required technology, including a headset. In the past, we’ve seen pay listed at £10 an hour, plus opportunities for bonuses. Training is paid — and online. You can keep an eye on these types of positions at Amazon’s virtual job listings page.
Tapping into Amazon Associates, (Check Affilate link) its affiliate marketing program, is a great way to monetize your website or blog. Basically, you make money with Amazon affiliates by adding Amazon’s special affiliate links to Amazon products you’ve written about or reviewed, and when a reader clicks your link and makes a purchase, you’ll earn a commission. This is called affiliate marketing (change link to Affilate marketing page) Here’s an example: You use a fancy new kitchen gadget and want to write a product review. Use an affiliate link in your review. When someone clicks to buy that awesome gadget, you’ll pocket up to 10% of the purchase price. Realistically, you might not earn lots of money through the affiliate program, but it’s free to join, so there’s no loss in adding these into posts you’re already writing and sharing.
Did you know you can use Amazon to become an author? Self-publishing a book can be a great way to earn passive income. Amazon offers several options, including publishing to Kindle, print or audio. Publishing a Kindle book is totally free. It also takes less than five minutes (not including writing time, of course), and your book will be available to millions of readers within 24 to 48 hours. You’ll earn up to 70% royalty through Kindle Direct Publishing. You’ll also keep the rights to your book, set your own list prices and can make changes within the book after publishing.
Publishing to print through Amazon’s print on demand service Amazon’s print-on-demand service is also free. Here, you’ll be able to create, publish and distribute your book within a few days. You’ll still own your copyright, and you set your list price. You’ll also earn up to 60% royalties. Finally, through Amazon’s Audiobook Creation Exchange, you can publish audiobooks, which you can distribute through Audible, Amazon and iTunes. You’ve got several royalty rate options here.
This might sound like some kind of weird video game, but Mechanical Turk is an Amazon service platform where people can post work requests for specific prices. Think of it like Fiverr, Task Rabbit or Craigslist. Each task is called a HIT, or Human Intelligence Task. You can complete these tasks from home and in your own time. Some tasks include opinion surveys, transcriptions and data entry gigs. How much you make will depend on which tasks you accept and how much time they take. You’ll see a pay estimate before you begin, so you can gauge if a task is worth it.
If you know what you’re doing and the best HITs to take, you can make decent extra cash. You can accept gigs which average out at £10 an hour. The benefits are the flexibility the platform offers as well as you get paid in cash, not gift cards or credits like other survey sites Ultimately, it’s a great way to make money through Amazon without having to sell physical products.
Consider Amazon Handmade. It’s a platform for artists to sell their own products. You have to apply so Amazon can confirm all your goods are, in fact, made by hand by you or one of your 20 or fewer employees. Here’s what you need to know before signing up.
If you’ve got a creative streak — or know a catchy pun or two — consider putting your designs on T-shirts and selling them through Merch by Amazon. You’ll upload your T-shirt designs to Merch, choose a product type and colour (e.g., a lavender T-shirt), set your price, then add a product description. Amazon creates a product page. When customers buy your designed shirt, you don’t have to worry about production, shipping or customer service. You’ll also be able to set your own prices, and you’ll earn a royalty each time a product is sold. For example, if you set your standard T-shirt price to £15.99, you’ll earn a £2.21 royalty, according to the rates set as of Jan. 30, 2019. It is possible to earn more than £11,400 per annum through Merch. One of the keys, is to spend time researching what kind of T-shirts people want, for example Halloween T-shirts. Similar to Handmade, you’ll have to be considered as an applicant based on your background and experience. However a warning, the market has since become oversaturated, so it might take some patience.
Always wanted to be a social influencer? Well, Amazon has a program for that. (Of course!) Here’s how the Amazon Influencer program works: You create a page on Amazon and recommend products to your followers. When followers purchase a product, you can earn money. Really, it’s similar to the affiliate program, but you’ll use a “vanity” URL, one that’s easy to remember.
The idea is to share this URL across your social media platforms and accounts. The vanity URL makes it easier to share on Instagram, for example, where you can’t post an active link in captions.
To qualify for the influencer program CHECK Affilate link)??, at minimum, you’ll need a YouTube, Instagram, Twitter or Facebook account. Amazon will look at the number of followers you have, your engagement metrics and the type of content you post to determine whether you’re a fit.
Reach Amazon Customers in Your Area: Selling Services on Amazon allows top Pros, like Assemblers, House Cleaners, Handymen, Electricians and more, to sell professional services directly to Amazon customers in their area. With the Selling Services on Amazon app, you can see every new job in your area and only choose the ones that fit your schedule. It’s a great way to keep your business busy or to fill in the open gaps throughout your week.
What Are The Benefits?
How Does It Work?
Get DiscoveredCustomers can easily find and purchase your services while shopping on Amazon. Your services will also show up with related products. Amazon send you jobs You receive actual jobs when customers order your pre-packaged services. Simply do it in here Get Paid by Amazon. You simply show up, complete the job and get paid. It’s that easy.
What Are The Requirements?
Licensing for Trade Professions: If you select a trade profession (Electrician, Plumber, HVAC Specialist, General Contractor), you will be required to provide appropriate license/certification information required by applicable laws and regulations.
Services providers are required to carry Liability insurance with a limit of at least £2,000,000 covering liability caused by or occurring in conjunction with the operation of your business. You will be required to provide your insurance information upon registration.
Technician background checks:
Every provider that sells services on Amazon is required to maintain a list of technicians that will travel to customer locations to work on Amazon jobs.
You should have a minimum of 20 direct employees in your registered service business.
Currently, Amazon are particularly looking for providers to cover all postcodes within the below regions in the UK:
East of England; East Midlands, England; Greater London; North East, England; North West, England; Yorkshire and the Humber, England; East Midlands, England; West Midlands, England; South East, England; South West, England or South Scotland.
Amazon are specifically looking for Electrical Specialists, Home Cinema Specialists and Smart Home Automation Specialists.
* Note: You will not be approved to sell your services on Amazon.co.uk if you do not meet the above requirements.
What Is The Cost?
£0 Signup Fees, £0 Subscription Fees and £0 Lead Fees:
You only pay a revenue share for completed jobs based on the service type and final service price. Pre-Packaged Services with defined scope which allow customers to purchase based on price estimates (For example: TV wall mounting, bed assembly, move-in, move-out cleaning) The fees above apply to ALL professions, ALL service types, in ALL locations. Amazon deducts the fees as a percentage of the service price, excluding any taxes collected through Amazon tax collection services.
Home Cinema Specialist
The following online apps are helping me work through my Amazon addiction and save some money. And they’re actually really easy to use — and free. Trust me, I have no patience for 10-step sign-up processes.
It turns out deleting your emails could be costing you serious money. Intrigued? One of our secret weapons is called Paribus (Check affiliate loink)— a tool that gets you money back for your Amazon purchases. It’s free to sign up, and once you do, it will scan your email archives for any receipts. If it discovers you’ve purchased something from Amazon or one of the other monitored retailers, it will track the item’s price and help you get a refund anytime there’s a price drop. Plus, if your guaranteed shipment shows up late, Paribus will help you get your money back for what you paid for shipping.
Disclosure: Paribus compensates us when you sign up using the links we provide. Plus you’ll get a free £10 Ebates gift card (which you can use for any of its connected retailers) for giving the site a try.
Quidco is a leading cashback website in the UK and offers a program called ClickSnap that pays you cash back on your grocery shopping. Download the Quidco app to see all of the items they’ll pay you cashback on. You can either link your store rewards card or scan the receipt inside the app to earn cash back. Most of the items inside the app pay £1-£3. You can also earn online by using Quidco at over 2,000 stores. Once you earn £1, you can request a cashout via PayPal, Direct Deposit, or a few gift card options.
To learn more or to join xxxxxxxxxxxxxxxxxxxxxxx (Affilate link)
CheckoutSmart is an app that’s very similar to Ibotta that pays you to purchase specific items listed in the app. Once you join, you can see all of the items they’ll pay you cashback for. You’ll need to purchase the item and take a picture of the receipt inside the app. Most offers pay anywhere from £1-£3. Once you earn £1, you can cash out via PayPal or Direct Deposit. I notice that although you can cash out after £1, you’ll get hit with a 5% processing fee. To avoid the fee you’ll need to cash out after you earn £20. To learn more or to join, visit CheckoutSmart.com or download the app in your app store
What is Cashback?
Cashback is a way for you to save money every time you shop online. A percentage of the purchase is returned to you as a cash back rebate when you complete your purchase. It’s just like using a coupon, except all the money earned after the purchase has been successfully tracked.
If you want to buy something online or sign up to a finance product, rather than going direct, click to the company via a cashback site and you get paid for it. The amounts range from pennies for retail items to – at the top end – more than £100 for some mobile or broadband contracts. You’ll have to sign up to the cashback site, which should be free. If it’s not, avoid it. Then simply log in and search for the online retailer you want to buy from, such as Argos or Tesco Direct. If it’s listed, click the cashback site’s link to visit that company. Your visit is then tracked. If you buy something, an amount is put into your cashback site account once the transaction’s processed. You can withdraw this once it arrives, which can take a few weeks, or even months. For some cashback sites, you need to reach a set threshold before you can withdraw.
Why do they pay out?
Cashback sites take advantage of the way commercial payments from one website to another work. They use affiliate links, which allow the retailer to track where the traffic is coming from and then pay the cashback sites for the lead. This is a common system, used by sites that send people through from comparison results, unique content or using links on advertising promotions. Cashback sites simply drive traffic by giving their users some of the money they’re paid.
The amount of money depends on what’s spent on what as well as the commercial deal, so can vary widely. The cashback site may earn its money per click, transaction, application, or accepted applicant. The technology’s simple. Ready-made paying links are available from ‘links warehouses’. Big cashback sites also have direct relationships with companies, which means they can offer a wider range of providers, earn more and negotiate their own exclusive deals.
While cashback sites can generate some users £100s a year, it’s very important you understand there can be substantial pitfalls in using these sites – and you need to understand them BEFORE you begin.
The 5 MAJOR cashback safety rules
1. Think of cashback as a bonus only – it’s not guaranteed
Tracking problems occur for many people using cashback sites. There are times when you’ll expect to be paid but won’t be. If you do have problems getting paid, remember you need to contact the cashback site directly. However, problems don’t only arise with cashback sites. They get the money from the retailers and product providers. Disputes in this area are common, so sometimes the cashback site doesn’t receive the cash either. Plus, unlike when you get cashback from a retailer, which is part of the product T&Cs, here you’ve fewer rights. The best way to approach this is to consider cashback as a bonus if you get it, but not to let it drive your purchasing decisions.
2. The cashback isn’t yours until it’s in your bank account
Never count on the cashback as being yours until it’s in your bank account. This isn’t just because of tracking and processing issues. Cashback sites are easy to set up and many are small companies can go bust (and some have done just that). If it happens, you’ve little protection. You may count as a creditor to the company but in all likelihood, your money will be gone.
3. Never store cash in a cashback site – withdraw it ASAP
Most cashback sites set a threshold which you must reach before you can withdraw cash. The best practice is to withdraw as soon as you hit that level. Never leave cash building up in a cashback site account when you can take it out. Not only are you missing out on interest, but if the company goes bankrupt or changes its payout policy, your money could be lost.
4. Focus on the cheapest deal, not the biggest cashback
It’s easy to be seduced by £50 cashback for buying an insurance policy or a 7% discount when shopping for clothes. Yet never let the cashback tail wag the dog. Not because of the warnings above, but simply because it may not actually be the cheapest option. Regardless of the cashback, you want to get the best deal possible. If you’ve chosen something purely because of the cashback on offer, and the cashback doesn’t happen, you could find you’ve dug yourself a hole. Example 1: You want a new telly. A cashback site brings up Korma Electricals, offering 5% cashback, which means a £20 discount on a £399 TV. Yet two minutes using a price comparison would’ve found you the same TV on sale at £299.
5. Consider clearing your cookies
The Top-Paying Cashback Sites
IN FIRST PLACE
Don’t think all cashback sites pay the same. Many pay out 50% or less of what they get paid. Here are some of the best. If you want the site that pays the most, Topcashback is the winner. It’s free to use and pays out up to 105% of the cashback it receives from the merchant.That might sound strange, but it’s able to do this as it passes on a little of the bonuses it gets for generating lots of sales. It’s also the cashback site that gets the best feedback from its users. You can take earnings as cash, or boost returns by swapping cashback for Amazon or M&S vouchers. Click HERE to go to the site
IN SECOND PLACE
Our second best cashback site is Quidco*, which has similar payout levels as Topcashback above. Indeed, the two sites usually compete on exclusive deals.
It’s rare to see cashback sites feature Amazon. Cashback on Next, John Lewis and, for existing customers, Asos shopping is unusual too. But KidStart lets you earn cashback at all these stores, and more than 1,500 in total – the catch is you have to put it towards a child’s savings.
But you don’t need to be a parent. The child can be yours, a grandchild or a friend’s. It can even be a twinkle in your eye that you plan to have one day (though you do need the child’s name and actual or expected date of birth to withdraw the cash). You don’t need to actually withdraw money to a separate child’s account either – you can simply use your own current account. You MUST be legitimately saving for a child though. KidStart says it has ways of checking and if it suspects you’re not, it could wipe the savings in your account.
Yes, They’re a Thing. Coupons rule. If only you could use them on Amazon, right? Spoiler alert: You can, from right within the site. Amazon Coupons lets you clip coupons in a bunch of categories, including groceries, personal care and household products. When you click on the coupon, it’s automatically added to your cart and applied when you check out. Easy peasy. Please stop giving me more incentive to shop on Amazon. Please.
But have you considered making money with the online retailer?
Why not sign up for one of the Top 15 affiliate retailers. Have a look here – There are money making opportunities everywhere— for you.