With the advent of the Internet in the 90s, ecommerce spread like wildfire. Consumers have shifted from traditional shopping to ecommerce. It all started when Jeff Bezos introduced us to the world of Amazon.
Nowadays, Amazon is synonymous with e-commerce. Apart from being a great online store, it is known for its user personalization feature. A study by the Internet retailer stated that in 2016, Amazon accounted for 43% of all online sales in the US. This alone is a good reason for you to consider selling on Amazon.
In fact, people have been known to make as much as $ 5000 an hour by selling on Amazon. However, it can be a bit tricky. Keep in mind that Amazon sells over 300 million individual products. And only by selling the right products can you become a successful seller.
1. Start by searching for profitable products
Amazon provides you with all the necessary information to understand the market trends and the products sold.
You need to understand what makes an item profitable.You need to identify the products that meet most of the criteria.
Research Shippable and Saleable Factors
The first three things you need to consider when looking for products are: shipping costs, wholesale pricing, and Amazon seller fees.
Try buying the products given the following specs:
Your target selling price should be from $ 10 to $ 50
The product (s) should be light, that is, about 2-3 lbs. Including box and packaging
Simple and strong item that will reduce the risk of damage from damage
Evergreen or everyday use items that they can use throughout the year
Better quality products when compared with the competition
2. Check for competition
To make a profit, you need a product that is priced profitably, easily found and in demand.
Below are the main factors that determine whether your product meets these criteria.
Products not currently sold by major brands and Amazon vendors
Similar items that have Amazon’s best-seller rank (BSR) of 5000 or less
Items that can be searched under several product categories and keywords
Top product keywords with no more than 10,000 searches / month
Similar product listings with less than 50 reviews
3. Learn from Amazon Product Listing
Here is an Amazon bestselling game called What Do You Mem. In the product description, you can find all the information about the seller’s gold mine making.
In the product description, you will find various information about the product, such as product dimensions, weight, etc. From there, you can determine if your product is an evergreen.
Look for the following criteria to find the most salable and profitable items:
Product dimensions and weight: Here you can find that the product weighs 2.78 pounds and its dimensions are 6.5 x 4.5 x 3 inches. This size and weight will help reduce shipping costs.
Overall Specs and Sales Ranking: You will find that this product is under the Amazon BSR 3. BSR 5000 rank. In addition, it can be easily found under the Toys and Games category.
Customer Review: You will find that the product has more than 2000 reviews from consumers. It is way beyond 500+ reviews making it a good reliable product. This also indicates that the product is in great demand in the market.
4. Find out what others are selling
From handmade items to custom and unique jewelry items and even living insects. In this way, they reduce competition from big sellers and Amazon itself.
Amazon is really good when it comes to bulging products. It displays the recommended products below a product description.