CHOOSING THE BEST PRODUCT TO SELL ON AMAZON
CHOOSING THE BEST PRODUCT TO SELL ON AMAZON
We at edenic deals will completely guide you about how to become the best seller on amazon
THE IMPORTANCE OF CHOOSING THE BEST PRODUCT TO SELL ON AMAZON
If you are planning to sell online on Amazon or developing an ecommerce business, choose a right product to increase the sales which is the integral part for any business. Your success and failure will be decided according to the offering of right product at the right time to the right customers. Now we will talk about the importance of choosing the best product to sell on Amazon.
WHY CHOOSING THE BEST PRODUCT TO SELL ON AMAZON
Before selling on Amazon keep in mind that what products sell best on Amazon. Almost 80 products and services offered today are different from those that were introduced half a decade ago. Also, five years from now most product and services will be new and different from what we use today. These statistics tells you how consumer taste, lifestyle, wants and needs have shaped in such a short period of time. With millions of offers on the market today, consumers will never be short of options and purchases. Similarly, you have a millions of options, making it difficult for you to move on. Last but not the least; you need to make sure that your products are profitable.
Amazon alone sells 350 million individual products, making competition in the ecommerce industry faster than ever. The good news is that you have the opportunity to enter the amazon marketplace and compete effectively with unique and exhilarating offers that can be far better than selling the competition. By choosing the right product and selling them in the right way, you can shine in the crowd and become successful.
There are numerous things to look after when you are doing a product research and the other one which crabs our attention is that what the best to start selling on amazon is. In last few years researching for product has evolved. What was working is now not working or no.
Some question arises when it comes to get a right product to sell on amazon:
WHAT IS AMAZON PRODUCT RESEARCH?
It is all about examining a current market trend to select a ‘winning product’ means which can generate a high sales. The idea is to find a product that you can get cheap and sell at competitive prices with a good profit margin in return.
WHY IS IT IMPORTANT TO DO A PRODUCT RESEARCH?
Now the era has changed and the old methods and techniques of finding a product is not going to work in the current scenario.
So firstly list down the top things to sell on amazon than examine carefully that the item have enough sale or not because it’s imperative to known that you are trading a product which people are not even searching for.
After listing look at their statistics like reviews, sales, similar product and most important keyword search volume.
HOW TO DO PRODUCT RESEARCH ON AMAZON?
Two types to execute product research:
- Automated tools
For manual purpose, amazon is a great resource to perform a few things for this process which requires two simple steps:
CHECK THE BEST SELLER LIST
Research about best items to sell on amazon through amazon best sellers page because amazon displays the entire top selling product here:
- Search product form on their categories and sub categories.
- Check the listing in order to find that what is selling the most because it helps you to deciding a niche.
- Through product selling you can forecast what product will attract your target audience. Also, to expand your business you have an idea to check out the related items.
SEE WHAT THE COMPETITORS ARE DOING
Check what your customers are doing to sell the product you have picked. You can see your competitors on amazon best seller page.
Check product listing pages and the website if needed which gives you the complete insight to sell the product which have good ratings and reviews.
Spy on your competitor to find out the methods they are using by applying the keywords on Google or other search engine. To check what kind of services your competitor offer, you can purchase a product from your competitors if it’s affordable for you.
After doing every method manually a spend hours and energy you still may not came up with the product idea. That all you have to do is access a best seller app tools where you will get all the things at a single place because this tools is especially to estimate the monthly sales, number of reviews, monthly revenue and a bunch of useful tools, to make the research organized, effective and efficient.
If you are not a private label seller than you should understand that every product is not equal and you should avoid picking some products for some reasons like painting, home appliances, and photos cameras etc.
WHAT NOT TO DO WHILE DOING A PRODUCT RESEARCH?
- Do not choose a very small market niche.
- Many people are doing a same mistake repeatedly of setting up price for extremely low which will further make difficulty in selling.
- It also becomes harder when you choose undifferentiated items for selling.
- The other big mistake new seller tends to do was not calculating the profit margins. So it is important to have a good FBA calculator to know the proper estimate of profit.
- Last but not the least; seller fails to improve the product credibility.
HOW TO SELECT A PRODUCT?
As a seller of amazon the biggest question which arises in our mind is that what amazon best product to sell which gives us the great profit margins and opportunity to grab as many customers as possible.
- First thing that should be analyzed is market evaluation which is the most important part for any seller on amazon.
- The other thing which is important is need to be analyzed that the product which you are choosing is not expensive so the customer did not tend to think twice before purchasing it. Too much expensive product makes it harder for seller to get started to sell online on amazon. And comparatively people thinks that the inexpensive product has cheap quality so seller should analyze the product carefully and should sell in between of expensive and inexpensive.
- The weight of the product also matters like if you are choosing a heavy weight product which increase the cost of shipping and have a chance to cut your profit. By picking small and lighter weight product you can easily manage the shipping cost and the FBA fees. But it is possible that too small and lighter weight products can crush easily so try to choose something sturdy, durable and easy.
- As you heard the saying ‘write what you know’ that also extends to sell. The more you are known about a product, you can easily write a product description and highlights the strongest features. The more you know about a product the more you can convince others to give a shot.
- A high-end product means it is selling well; while the lists of quality score (LQS) describe the length of the product sales and features keywords, bullet points and details. Your goal is o find a low ranking score (meaning you are near to the top) and an LQS with a low score of 70.
- Be careful to find a best item to sell on Amazon. Choose a product which doesn’t have too many reviews because in this way you will be facing a huge competition while having a product with fewer reviews. It can make easier for you to increase your rating and chances of getting to the top of the pile.
- When considering product selection, the best item tend to be 25% or less of what best item to sell on amazon. This may seem like a kind of maths, but it’s very simple: calculate how much profit you will make with each unit and the ROI.
- Product cost
- Product price
- Product size
- Product weight
- Monthly storage fees
- Pick and pack fees
- Product profit (per unit)
- Monthly sales
- Total FBA fees