Amazon FBA Cashback: How I made £1,973.15

I have to be honest, I don’t really like doing these posts. Clickbait fuelled titles, which end up being someone selling a course. That’s what it reminds me of, something that this space is littered with. Well, I’ve got nothing to sell to you. At Learn Retail Arbitrage, we will never sell courses. Or any content.

Key Takeaways

– Earning Cashback is a great way to top up your selling income
– Cashback earnings are Tax Free
– The best Cashback sites are TopCashback, Quidco and Complete Savings

This article is here to serve one purpose, and that’s to highlight the importance of using Cashback website when purchasing items for Online Arbitrage. Whether you’re selling on Amazon, eBay or even on your local marketplaces. It all adds up.

Cashback is King. Forget everything else that you’ve been told about it being Cash!

How I Made £1,973.15 in Cashback from Amazon FBA: Proven Strategies Unveiled

As an avid online shopper, I never imagined I could make £1,973.15 in cashback just by leveraging Amazon FBA. In this article, I will share my journey in achieving this impressive cashback and provide insights on how anyone can replicate my success.

Through a combination of understanding Amazon FBA, strategic planning, and learning from my own challenges, I was able to significantly increase my income without breaking a sweat.

Amazon FBA (Fulfilment by Amazon) is a popular platform for online sellers, as it allows them to store, pack, and ship their products using Amazon’s vast network of fulfilment centres. As a buyer, I took advantage of the cashback opportunities offered by Amazon and other companies that collaborated with Amazon FBA. By carefully mapping out my strategy and implementing cashback techniques, I successfully made almost £2,000 through purchases that I would have made anyway.

Recording my progress, constantly analysing my methods, and overcoming the inevitable challenges I faced during this journey was essential to my success. As I share my story, I hope to not only inspire others to begin their cashback journey but also provide some valuable advice and practical tips to help you achieve similar success.

Understanding Amazon FBA

When I first started with Amazon FBA, I knew that it was an incredible opportunity to earn some extra income. For those who are not familiar, FBA stands for Fulfilment By Amazon. It is a service provided by Amazon where sellers can store their products in Amazon’s warehouses. Amazon then takes care of storage, packaging, shipping, and even customer service on behalf of the seller.

One of the main benefits of using Amazon FBA is that it allows me to focus on other aspects of my business, such as sourcing products and marketing. I don’t have to worry about inventory management, shipping logistics, or dealing with customer queries. This has saved me a significant amount of time and effort, allowing me to scale my business much more efficiently.

To be successful with Amazon FBA, it is essential to find products with a high demand, low competition, and good profit margins. I spent a considerable amount of time researching various products, analysing their sales rank, competition level, and potential profits. This research allowed me to identify a select few products that met my criteria, which I then proceeded to source from suppliers at a reasonable price.

Once I had my inventory sorted, I sent these products to Amazon’s fulfilment centres. This process involved preparing the items for shipment, creating a shipping plan, and labelling the products correctly. Amazon’s guidelines and requirements for these steps are quite specific, so I had to ensure that I followed them precisely to avoid any delays or penalties.

After my products were received and processed by Amazon, they became available for sale on the Amazon marketplace. To maximise sales, I optimised my product listings with high-quality images, informative descriptions, and relevant keywords. Additionally, I utilised Amazon’s advertising platform to promote my products and increase their visibility to potential customers.

As a result, my sales began to grow steadily over time. With each sale, I received a portion of the revenue as profits, as well as a small amount of cashback. This cashback accumulated over time, and I was able to earn £1,973.15 in cashback from Amazon FBA. Throughout this process, I learned a great deal about the intricacies of online retail and optimising my business for success.

Starting My Cashback Journey

I started my cashback journey with Amazon FBA several months ago, and I was pleasantly surprised by the potential it offered. Initially, I was hesitant about whether it would be a worthwhile endeavour. However, I soon realised the potential for passive income and decided to dive in.

To get started, I first researched different cashback sites that would provide the best returns on my purchases. After a thorough comparison, I settled on TopCashback and Quidco.

Websites such as Smyths, Argos and Boots were providing cashback on any purchases. Boots were offering 6.8%, which is a huge cashback amount considering I spent around £4,500 with them during a 3 week period.

Over the next few weeks, I diligently tracked my purchases and cashback rewards. This helped me refine my strategy and enabled me to recognise the patterns that resulted in higher cashback earnings. By focusing on high-margin products and taking advantage of promotional offers, I was able to exponentially increase my cashback rewards.

Remember, this was all a FREE BONUS in addition to the Profit I would get from selling on Amazon FBA.

If you’re spending lots, it does mean that you’ll have to do a little bit of admin. But at close to 10% Cashback, it’s definitelyt worth it.

I maintained a clear record of my earnings and spending, which allowed me to accurately calculate my net profits. This helped me stay motivated and focused on achieving my cashback earning goals. Due to my consistent efforts and well-detailed approach, I managed to earn an impressive £1,973.15 in cashback from Amazon FBA in just a few months.

It’s worth mentioning that patience and consistency played a significant role in my success. By staying committed to my plan and continually refining my cashback earning strategies, I was able to turn what initially seemed like a modest passive income stream into a valuable revenue source.

Mapping My Strategy

I utilised cashback platforms to maximise value. I consistently chose suppliers that offered the best cashback rates, allowing me to benefit from a percentage of each purchase I made. Over time, this additional cashback accumulated, making a significant contribution to my overall earnings.

Implementing Cashback Techniques

Using Cashback Websites

I started by researching various cashback websites available in the UK. After comparing the offers and features, I signed up for a couple of popular ones. These websites partner with numerous online retailers, including Amazon, and offer a percentage of cashback for every purchase made through their referral links.

To make the most of this opportunity, I created a spreadsheet to track the cashback rates offered by different websites for Amazon purchases.

Whenever I needed to reorder inventory for my Amazon FBA business, I would refer to this spreadsheet and choose the highest cashback rate available. This helped me to maximise my cashback earnings without much extra effort.

Utilising Reward Credit Cards

In addition to cashback websites, I also began using reward credit cards to earn cashback on my Amazon FBA purchases. I researched various credit cards available in the UK, comparing their rewards and annual fees. After selecting the best option for my needs, I started using the reward credit card for all my Amazon FBA-related expenses.

I made sure to pay off the card balance in full each month to avoid any interest charges. This way, I was able to benefit from the cashback rewards without incurring additional costs. By combining cashback websites and reward credit cards, I effectively increased my savings over time, leading to a total of £1,973.15 in cashback earnings.

Record Keeping and Analysis

During my journey to making £1,973.15 in cashback from Amazon FBA, one crucial aspect I learned was the importance of record keeping and analysis. By diligently tracking my expenses, sales, and cashback earnings, I was able to make informed decisions and optimise my strategy.

At the beginning of my venture, I created a spreadsheet to log every transaction related to my Amazon FBA business. The spreadsheet consisted of columns for the date, product, purchase price, selling price, Amazon fees, cashback earned, and profit.

Cashback tracking was particularly essential, as it directly contributed to my earnings. I registered with a reliable cashback site and used their browser extension to ensure my Amazon FBA purchases were eligible for cashback. Each time I earned cashback, I meticulously recorded it in my spreadsheet.

To effectively analyse my data, I employed a few key performance indicators (KPIs):

  • Average cashback percentage: Calculated by dividing total cashback earned by the total amount spent on Amazon FBA purchases.
  • Return on investment (ROI): Measured by taking the total profit and dividing it by the total amount spent on Amazon FBA product sourcing, including cashback earned.
  • Profit margin: Found by dividing the total profit by the total revenue generated by product sales.

By monitoring these KPIs, I was able to identify which products provided the most lucrative cashback opportunities and adjust my product sourcing accordingly. Additionally, keeping a close eye on my ROI and profit margin enabled me to fine-tune my pricing strategies and maximise my profits.

Another crucial aspect was to compare cashback rates from various cashback sites. Doing so allowed me to find the best cashback deals and boost my earnings. It’s essential to note, however, that some cashback sites may have higher rates but slower payout times or higher payout thresholds, so make sure to weigh these factors when choosing a site.

Overall, meticulous record keeping and thorough analysis were vital components of my Amazon FBA cashback success. Paying attention to details, tracking the right KPIs, and comparing different cashback opportunities enabled me to optimise my profits and earn an impressive £1,973.15 in cashback.

Challenges Encountered and Overcome

During my journey of earning £1,973.15 in cashback from Amazon FBA, I faced several challenges. The first challenge was websites refusing to pay the cashback. However, the Cashback websites have easy appeal forms, which you can raise to re-gain your cashback.

Maintaining cash flow can also be an issue, but that’s not a cashback related issue. It’s a general thing you need to understand when doing FBA.

Final Thoughts on My Journey

My Amazon Cashback journey is not over. It’s something which I, and yourself should be doing on every single purchase that you make for your FBA business.

I earnt just shy of £2,000.00 in a single month, which almost matched my wage and it did beat my monthly profit from Amazon itself.

However, this was the best month I’ve had for cashback. There were some huge promos I received such as 12.5% cashback, where I had a large spend. If you make around 20% from FBA, then you can see why the Cashback at 12.5% is a welcome addition.

Frequently Asked Questions

What are the best strategies to maximise cashback on Amazon FBA?

In my experience, the most effective strategies to maximise cashback on Amazon FBA include signing up for cashback websites, using cashback credit cards, and taking advantage of promotions and discounts. I always compare different cashback offers and select the one with the best return.

Additionally, I pay close attention to cashback categories and ensure my purchases align with those to earn maximum rewards. Lastly, I continuously monitor my sales and inventory to adjust my spending, which helps me identify potential cashback opportunities.

What tools or extensions can be used for calculating cashback on Amazon?

There are several tools and extensions available to help calculate cashback on Amazon. Personally, I use a combination of browser extensions and software that provide insights on potential cashback earnings. Some popular options include Cashback Monitor, Cashback Watch, Rebate Buddy, and Cashback Pro. These tools allow me to compare cashback rates, track my earnings, and even set notifications for new cashback opportunities.

How does the Amazon UK cashback system differ from the US?

The main difference between the Amazon UK and US cashback systems lies in the available cashback providers and rates. While most major cashback websites operate in both countries, some are exclusive to a specific region. Additionally, the cashback rates may differ on the same products due to different pricing, fees, and regional promotions. As a result, I always compare UK and US cashback offers and platforms before making a purchase to ensure I’m maximising my earnings.

Author
Tom P
Hi, I'm Tom Paddock! An Amazon & eBay seller, who has helped over 10,000 people start their own online business. I provide cutting-edge techniques to help sellers with Online Arbitrage, Retail Arbitrage & Wholesale on Amazon.

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