Amazon is a huge platform for e-commerce and online business owners to sell products with ease. But you need to choose the right product and set a good price for the product as the market is so competitive in recent times.
Awesome product ideas are no use if you don’t know how to set the proper price of the product, then you are in huge trouble, my friend!
Amazon is a great place to grow, create, and widen-up your business. But for that you need to take and follow some strategies otherwise it will not bore fruit at all.
If you think that you just upload your product at a decent price then I am afraid you will not run your business properly. Quality less and super cheap items will never bring business for you.
Amazon with Alibaba then you will find out that quality is more important in Amazon rather than in Alibaba and also Alibaba will focus on quaintly more than quality. So, the business strategy is quite different from each other.
Before choosing a product to sell on Amazon, you need to consider this thing otherwise it will be pretty difficult for you to run the business.
Products that can be used all year instead of seasonally and also a product with a price between $10-50 and the weight of a Mac Air or less. Moreover, Product that’s durable and sturdy, but also something people can buy more of multiple times. The product that’s similar to what’s on eBay and/or not easy to outsource in China
A product that can garner multiple keywords and also that doesn’t have a brand name on it. The product that can be easily upsold or cross-sold with other products and product that can allow for product descriptions to be optimized and improved in the future
And last but not the least, Product that won’t cost you more than 25% of the sale price to make.
You can start with your business with the current popular item if your plan doesn’t work out. So, as a business person, there should be a plan b for you as you’re taking a huge risk in case of doing business.
You can go for the brand items to less you risk in business as we all know how brands are so popular and familiar around the globe. You can also go for a questionnaire to find out the current demand of mass people in that particular area.
On other hand, brandless products might be cheap but you cannot lure people to buy them. So the risk will rise in a bigger term as the business progresses with brandless products.
Moreover, some products are really expensive but people tend to buy those products only once a year like TV, Fridge, etc. So you can judge the market and then set the price of the product but make sure that you will not be able to lessen the price as the buyer will not buy these products every now and then.
Targeting your audience is also important as who will be able to buy your products?. For example, in rural areas people income less money so they will go for mini pack consumer products to fulfill their need on the other hand, in urban areas, rich people have more money to buy things so you should focus on quality rather than quantity.
Product research is also crucial as a nice logo and designing custom packaging doesn’t work anymore these days. The old tricks of selling products are not going to work for you.
You can choose the products that can sell year-round and aren’t limited to season sales and also try to avoid picking up products that have a trademark or legal issues.
So list down the highest selling products on Amazon and try to find out why people are willing to take this product. What’s are the reason behind it? You also need to find out the product statistics like sales, reviews, keyword search volume, and similar products that is doing really well in recent times.
You can choose the products that can sell year-round and aren’t limited to season sales and also try to avoid picking up products that have a trademark or legal issues.
Try to pick a product that is less than 20 dollars and it should be lightweight and small products as you can enjoy the benefit of lower shipping charges and less storage cost when it comes to your business.
You also look after the search terms in Google or other websites as the buyer can easily find your product. Amazon limits the length of the Search Terms attribute to less than 250 bytes. The Search Terms limit applies to newly-registered as well as existing ASINs.
Some tips are given below
So follow these steps to do good business Amazon FBA in and try to find different ways to research the market as the market changes so rapidly.