6 Tips For Private Labeling On Amazon FBA & Choosing A Killer Product

Published on: November 30 2022 by Carter Maxwell

6 Tips For Private Labeling On Amazon FBA & Choosing A Killer Product

6 Tips For Private Labeling On Amazon FBA & Choosing A Killer Product

6 Tips For Private Labeling On Amazon FBA & Choosing A Killer Product

startTime	durationTime	text
00:00:00	00:00:05	what's up guys in this video I'll be
00:00:02	00:00:07	going over six killer tips for private
00:00:05	00:00:10	labeling on Amazon as well as choosing a
00:00:07	00:00:12	killer product so if you don't know me
00:00:10	00:00:14	already my name is Carter Maxwell I'm a
00:00:12	00:00:16	17 year old entrepreneur and I go by the
00:00:14	00:00:17	nickname of the high school hustler and
00:00:16	00:00:19	if you're trying to create online
00:00:17	00:00:21	business and make money while you sleep
00:00:19	00:00:22	then this is the chanter if you use to
00:00:21	00:00:25	go ahead and hit that subscribe button
00:00:22	00:00:27	so with my private label experience on
00:00:25	00:00:29	Amazon FBA I want to share through these
00:00:27	00:00:31	six tips to help you be a successful
00:00:29	00:00:32	Amazon seller so let's get straight into
00:00:31	00:00:34	it
00:00:32	00:00:37	step number one is to do proper research
00:00:34	00:00:39	and product research is everything when
00:00:37	00:00:41	it comes to private label if you don't
00:00:39	00:00:43	do the proper product research if you go
00:00:41	00:00:45	blindly into a product you're gonna end
00:00:43	00:00:47	up losing a lot of money and sales are
00:00:45	00:00:49	gonna be super super slow so I highly
00:00:47	00:00:51	recommend doing proper research and the
00:00:49	00:00:53	only way that you can do that is by
00:00:51	00:00:55	using a tool and I highly recommend
00:00:53	00:00:57	using jungle Scott that's what ninety
00:00:55	00:00:58	percent of sellers used and within John
00:00:57	00:01:00	mo Scott you're gonna have two different
00:00:58	00:01:02	extensions that you can use to help you
00:01:00	00:01:04	do your product research there's what is
00:01:02	00:01:06	known as the general Scott web app and
00:01:04	00:01:08	the Chrome extension so the web app is
00:01:06	00:01:09	really gonna do your main part of the
00:01:08	00:01:11	product research you're gonna put in
00:01:09	00:01:14	your criteria if you want a price range
00:01:11	00:01:16	of 15 to $50 if you want the product to
00:01:14	00:01:18	be under 50 reviews criteria like that
00:01:16	00:01:20	and then once you've possibly found a
00:01:18	00:01:22	product with good numbers on the web app
00:01:20	00:01:24	you can then go back onto Amazon and
00:01:22	00:01:26	search that broad term for that product
00:01:24	00:01:28	pull down the drum shop Chrome extension
00:01:26	00:01:30	and just view the database of how well
00:01:28	00:01:31	that product is selling and how well
00:01:30	00:01:33	other competitors are selling as well
00:01:31	00:01:36	and that's huge when it comes to private
00:01:33	00:01:38	label so that is the first tip when
00:01:36	00:01:40	private labeling step number two is
00:01:38	00:01:41	differentiating your product from the
00:01:40	00:01:43	competition I know this might sound
00:01:41	00:01:45	silly but you're already branding your
00:01:43	00:01:46	product with your company name and your
00:01:45	00:01:49	company logo to them resell it back on
00:01:46	00:01:50	Amazon but sometimes that's actually not
00:01:49	00:01:52	enough there's maybe too much
00:01:50	00:01:54	competition or everyone has the same
00:01:52	00:01:56	pictures or something along that line
00:01:54	00:01:58	strip they differentiate yourself and
00:01:56	00:02:00	that's why I highly recommend bundling
00:01:58	00:02:02	all right so with bundling you're
00:02:00	00:02:03	selling the original product and you're
00:02:02	00:02:05	adding something
00:02:03	00:02:07	onto it that is hopefully going to up
00:02:05	00:02:10	the value and basically help the buyer
00:02:07	00:02:11	benefit more basically creating a bundle
00:02:10	00:02:13	differentiate yourself from the
00:02:11	00:02:16	competition so if everyone is selling if
00:02:13	00:02:18	10 sellers are selling the same item and
00:02:16	00:02:20	you add a second variety item onto that
00:02:18	00:02:22	product you have what you've created
00:02:20	00:02:23	that bundle no one else can be able to
00:02:22	00:02:25	sell that and it's going to be a lot
00:02:23	00:02:27	harder for hijackers to come onto your
00:02:25	00:02:29	listing so differentiating your product
00:02:27	00:02:32	from the competition is the second tip
00:02:29	00:02:34	when private labeling on Amazon FBA but
00:02:32	00:02:37	the third tip on private labeling is to
00:02:34	00:02:38	create a high quality optimized listing
00:02:37	00:02:40	and what I mean by that is you need to
00:02:38	00:02:42	start out with your pictures you need to
00:02:40	00:02:43	get the best product photography that
00:02:42	00:02:45	you can get because that's going to help
00:02:43	00:02:47	differentiate yourself from the
00:02:45	00:02:48	competition someone has two pictures in
00:02:47	00:02:49	their crappy and they were taking them
00:02:48	00:02:51	from their house and you got a
00:02:49	00:02:53	professional photographer to take five
00:02:51	00:02:55	to seven images of your product you're
00:02:53	00:02:56	gonna be able to convert those bars a
00:02:55	00:02:59	lot better to your listing compared to
00:02:56	00:03:01	there's an other than pictures your
00:02:59	00:03:02	title your bullet points in your
00:03:01	00:03:04	description are gonna help the buyer
00:03:02	00:03:06	basically decide to purchase your
00:03:04	00:03:08	product or not because in your title is
00:03:06	00:03:10	kind of going to give a glimpse of what
00:03:08	00:03:12	exactly they're purchasing and getting
00:03:10	00:03:15	within that purchase and the bullet
00:03:12	00:03:17	points are kind of there to help show
00:03:15	00:03:19	the features and benefits of the
00:03:17	00:03:20	products so hopefully if you can get a
00:03:19	00:03:22	buyer to read those they'll be able to
00:03:20	00:03:24	convert and purchase your product a lot
00:03:22	00:03:27	more says the third tip in private
00:03:24	00:03:29	labeling on Amazon FBA so the fourth tip
00:03:27	00:03:32	for private labeling on Amazon FBA is
00:03:29	00:03:34	learn to use different tools to your
00:03:32	00:03:36	advantage all right so as a one-person
00:03:34	00:03:38	team or even with employees you're
00:03:36	00:03:41	eventually not to use some software some
00:03:38	00:03:43	database to help enhance in basically
00:03:41	00:03:44	make your business model a lot more
00:03:43	00:03:46	efficient and just like I mentioned
00:03:44	00:03:48	earlier junkless couch is a great way to
00:03:46	00:03:49	do that and there's actually an
00:03:48	00:03:50	extension on there that I would like to
00:03:49	00:03:52	tok about and that's what is known as
00:03:50	00:03:54	the product tracker and most people
00:03:52	00:03:56	don't utilize it but what you can do is
00:03:54	00:03:58	you can actually add any product on
00:03:56	00:04:01	Amazon to that tracker so presence we're
00:03:58	00:04:03	one in the track Howell product X is
00:04:01	00:04:05	selling so what you can do is you can
00:04:03	00:04:07	just copy the Aysen into the amazon
00:04:05	00:04:09	instantly junk out
00:04:07	00:04:11	product tracker and basically what it's
00:04:09	00:04:13	gonna do is after 48 hours it's gonna
00:04:11	00:04:14	pull down a database of how well and how
00:04:13	00:04:16	often that product just
00:04:14	00:04:20	sold from the sales ring for each day to
00:04:16	00:04:21	these units sold each day and a lot of
00:04:20	00:04:23	different criteria like that and you can
00:04:21	00:04:25	use that to your advantage if you are
00:04:23	00:04:27	looking into a product and then wanted
00:04:25	00:04:29	to see if there's not enough sales
00:04:27	00:04:31	velocity you can add the top four people
00:04:29	00:04:33	to that product tracker go back on to
00:04:31	00:04:34	that product tracker and see how well
00:04:33	00:04:35	they've been selling same uses sold
00:04:34	00:04:37	yesterday
00:04:35	00:04:38	how many is they sold a month ago and
00:04:37	00:04:40	stuff like that and that's just the
00:04:38	00:04:43	power of using tools because you're
00:04:40	00:04:45	using them to help just advance your
00:04:43	00:04:47	business and be a lot more efficient so
00:04:45	00:04:49	that is the fourth tip for private
00:04:47	00:04:52	labeling on Amazon FBA but the fifth tip
00:04:49	00:04:55	for private labeling on Amazon FBA is to
00:04:52	00:04:56	avoid seasonal products so I know when
00:04:55	00:04:58	doing product research
00:04:56	00:05:00	you're gonna stumble across those
00:04:58	00:05:02	products that are doing some pretty
00:05:00	00:05:04	crazy numbers but you really need to
00:05:02	00:05:06	check the background of that product and
00:05:04	00:05:07	make sure it's not a seasonal I know
00:05:06	00:05:09	what I mean by that is for instance
00:05:07	00:05:11	you're in the middle of the summer or
00:05:09	00:05:12	the beginning of the summer and you're
00:05:11	00:05:15	doing some product research any fine
00:05:12	00:05:16	like a pull float which there's tons of
00:05:15	00:05:18	different pool floats on Amazon right
00:05:16	00:05:19	now they're just making a killing and
00:05:18	00:05:22	for instance you find this pool float
00:05:19	00:05:24	some 50 bucks you're doing 20 grand per
00:05:22	00:05:26	month in sales you might potentially
00:05:24	00:05:28	make a lot of money from it what you
00:05:26	00:05:31	don't know is that product is seasonal
00:05:28	00:05:33	okay in a way to view this is actually
00:05:31	00:05:35	go to camel camel camel calm you can
00:05:33	00:05:37	actually looked up the Aysen of that
00:05:35	00:05:39	product on camel camel calm and you can
00:05:37	00:05:41	check out and see what the average sales
00:05:39	00:05:44	rank has been for that product look at
00:05:41	00:05:45	the Munsey if it's been selling more
00:05:44	00:05:47	this month compared to this month and
00:05:45	00:05:50	you can see if the product is season or
00:05:47	00:05:51	not so I don't have an example on this
00:05:50	00:05:53	live video right now but if you were to
00:05:51	00:05:55	look up a pull flow on a camel camel
00:05:53	00:05:57	what kind of May you obviously see a
00:05:55	00:05:59	spike in the sales rank compared to the
00:05:57	00:06:00	winter and the summer just because
00:05:59	00:06:03	people are buying floats for summer
00:06:00	00:06:06	obviously not winter and what I want
00:06:03	00:06:07	what I kinda wanna preach is like people
00:06:06	00:06:09	you want to have a product that sells
00:06:07	00:06:10	year-round okay you don't want a plane
00:06:09	00:06:11	that just sells during the summer just
00:06:10	00:06:13	obviously you can make a killing
00:06:11	00:06:15	what if he can make a killing from
00:06:13	00:06:17	Prague that sells a year-round and I
00:06:15	00:06:18	actually did do a seasonal product for
00:06:17	00:06:20	my first product because I was a
00:06:18	00:06:23	beginner and you know I was doing made a
00:06:20	00:06:25	killing during that time and then I did
00:06:23	00:06:27	know how to properly exit from that
00:06:25	00:06:28	product in ended up having a
00:06:27	00:06:30	extra stok going into these slower
00:06:28	00:06:32	months and end up losing a lot of money
00:06:30	00:06:34	on storage fees just inventory costs
00:06:32	00:06:36	just sitting there and so that's just
00:06:34	00:06:39	the tip the fifth tip for private
00:06:36	00:06:41	Liebling my name is on FBA the sixth tip
00:06:39	00:06:44	when private labeling on amazon FBA is
00:06:41	00:06:46	to understand all the amazon fees as
00:06:44	00:06:48	well as your product fees so people
00:06:46	00:06:50	often leave out fees that are
00:06:48	00:06:51	potentially losing them a lot of money
00:06:50	00:06:53	for instance when you purchase your
00:06:51	00:06:55	product you're gonna have your unit cost
00:06:53	00:06:56	you're gonna have the shipping cost
00:06:55	00:06:59	included for each unit you're gonna have
00:06:56	00:07:01	a payment service fee if you pay through
00:06:59	00:07:02	PayPal or if you pay through Alibaba
00:07:01	00:07:04	trade insurance there's gonna be a fee
00:07:02	00:07:06	for that transaction and even make sure
00:07:04	00:07:08	you're calculating all those into the
00:07:06	00:07:10	east unit so you can get a per unit
00:07:08	00:07:12	price once you have that per unit price
00:07:10	00:07:14	we need to calculate on Amazon on the
00:07:12	00:07:15	Amazon FBA calculator exactly how much
00:07:14	00:07:18	you're getting in return so if you're
00:07:15	00:07:20	selling your product for $19.99 how much
00:07:18	00:07:22	exactly is animals on taking from fees
00:07:20	00:07:25	am i up to the fees of it taken out you
00:07:22	00:07:26	put into your per unit price and how
00:07:25	00:07:27	much do you exactly receiving in a
00:07:26	00:07:29	profit and that's a big thing that
00:07:27	00:07:30	sellers miss out on either they're too
00:07:29	00:07:32	lazy they don't want to include
00:07:30	00:07:33	something and there's money there's
00:07:32	00:07:36	prices there's stuff that they're
00:07:33	00:07:37	missing out on which is really important
00:07:36	00:07:39	when trying to build a long-term
00:07:37	00:07:42	profitable business so that is the sixth
00:07:39	00:07:43	tip on private labeling on Amazon FBA so
00:07:42	00:07:45	that's it for this video on these six
00:07:43	00:07:49	tips for private labeling on Amazon FBA
00:07:45	00:07:50	as well as choosing a killer product so
00:07:49	00:07:51	if you enjoyed this video please feel
00:07:50	00:07:53	free to comment below with any questions
00:07:51	00:07:56	and/or video ideas you would like to see
00:07:53	00:07:57	in the future also don't forget to Like
00:07:56	00:07:59	and subscribe as I'm always give away
00:07:57	00:08:01	different tips and tricks on how to make
00:07:59	00:08:04	money online and I know I will see you
00:08:01	00:08:04	guys next video