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Best Products To Sell On Amazon For Beginners To Make 100K Or More

Published on: December 9 2022 by MyWifeQuitHerJob Ecommerce Channel

Best Products To Sell On Amazon For Beginners To Make 100K Or More

Best Products To Sell On Amazon For Beginners To Make 100K Or More

now amazon is a great place to start an
e-commerce business but in order to be
successful you have to understand how to
find the best products to sell on amazon
now in this video you'll learn what
products are hot along with a
step-by-step method for quickly finding
the most profitable products to sell
with high search volume and low
competition you'll learn the most
lucrative practike on amazon as a
third-party seller the most popular
categories on amazon a step-by-step
method for finding the best products to
sell on amazon and how to source your
amazon products for sale
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when new videos come out
now the best products to sell on amazon
are competitively priced yield recurring
revenue and never go obsolete now if
you're a first time seller then you
should look for products that meet as
many of the following guidelines as
possible products should be small and
easy to ship
amazon standard size packages have a
maximum dimension of 18 by 14 by 8 and
cannot weigh more than 20 pounds if your
product exceeds this size then your
amazon fba fees increase dramatikally as
a result it is to your advantage to sell
products that are small light and easy
to ship now to put things into
perspective fulfilling a one pound
standard size package with amazon fba
costs roughly five dollars whereas an
oversized package with the exact same
weight would cost almost ten dollars to
fulfill now a good rule of thumb is to
keep the size of your product and
packaging below the size of a typical
shoe box now your product should also
not be fragile you can avoid most
shipping headaches and reduce your
amazon return rate by selling products
that are not fragile as a result you
should avoid selling glass or ceramic
based goods that can easily break during
shipment now positive reviews on amazon
are important for ranking in search and
shipping a broken product always leads
to returns and negative reviews
now your product should not directly
compete with large brands
if you see a recognizable brand on
amazon for what you want to sell you
should avoid selling that product unless
you have a strong value proposition now
amazon owns a number of private label
brands that compete directly with
third-party sellers and because amazon
owns a platform they always have an
advantage over you in terms of price and
visibility in fact amazon has a
reputation for placing ads for their own
private label brands directly within
third-party product listings the product
should not go obsolete now if you're
starting an amazon business on a budget
you should avoid selling products that
can go obsolete and as a result you
should avoid selling cell phone cases
computer equipment and other electronic
goods because they lose value over time
if they are not sold quickly you don't
want to get stuck with inventory that
cannot be sold
now your product should be evergreen you
should sell products that are in demand
all year round as opposed to during
specific times of the year so for
example you should avoid selling
christmas products or halloween products
now the pressure to liquidate all your
inventory in a limited time window can
be stressful and can tie up your capital
for an entire year
your product should be priced between 20
and 200 bucks 20 to 200 bucks in that
range are the sweet spot for impulse
buys on amazon items priced below 20
bucks are generally not profitable after
paying amazon selling fees and products
priced above 200 bucks require a longer
time to purchase which is not ideal for
generating sales velocity your product
should facilitate cross-selling most
successful amazon sellers sell more than
one product online and it's in your best
interest to sell related products that
can be easily cross-sold so for example
if you sell linen dinner napkins you
should also try to sell napkin rings or
cocktail napkins amazon will group all
of your related products together to
increase your average order value
now if you can sell products that are
consumable that's ideal because they
carry recurring revenue now any product
that is consumable such as supplements
cleaners lotions soaps are ideal
products to sell because customers will
come back for more on a regular basis
and amazon offers a subscribe and save
option to ensure that loyal customers
continue to buy your products
now if you can sell products that can be
personalized that is very advantageous
as well because they always yield
premium pricing currently we sell
personalized handkerchiefs on amazon
that can be embroidered with a custom
message and these products yield a 90
plus percent margin
selling personalized products on amazon
precludes you from using amazon fba
however the added profit margins are
worth the trouble now what are the best
practikes on amazon by category well you
should know which product categories are
the most profitable and here's a list of
the top five best selling categories on
amazon for third-party merchants who
sell private label products so right now
home and kitchen is the most popular
category on amazon and with more people
staying at home and working from home
consumers are purchasing home related
goods to make life more comfortable
here are some examples of the
best-selling products on amazon in the
home and kitchen category sheet sets
robotik vacuum cleaners home organizers
pillows and pillowcases kitchen
appliances humidifiers and air purifiers
the second most popular category is
sports and outdoors and that's because
more people are working out at home as
opposed to going to public gyms why
drive somewhere where you can work out
in the comforts of your own home here
are some examples of the best-selling
products in the sports and outdoors
category sports apparel dumbbells and
weights water bottles yoga equipment
fitness trackers and resistance bands
category number three is toys and games
with more people spending time at home
home entertainment spending has
increased dramatikally toys and games is
the third most popular category for
private label sellers here are some
examples of best sellers fidget toys
board games art supplies and bath toys
the number four category is beauty and
personal care personal care is at the
forefront for many purchases right now
and the current trend is towards
sustainable and ethically sourced
products here are some examples of
best-selling products in the beauty and
personal care category makeup and lotion
face masks facial and body cleansers and
hair trimmers
and finally category number five is
health and household the health and
household category has exploded in
recent years due to concerns for
personal safety now according to wwd
health and personal care products had a
45 increase in 2021 with 23 billion
dollars in sales and amazon currently
owns a 32 market share of all beauty and
health products purchased online here
are just some examples of best-selling
products disinfecting wipes vitamins and
supplements towels and wipes and
detergents and cleansers
now how do you find the best products to
sell on amazon now once you've decided
on a product category you should use a
keyword research tool to find the best
products to sell on amazon amazon is
essentially a search engine similar to
google that caters exclusively to online
shoppers in order to succeed on amazon
you must look for products that have
high search demand with low competition
here's a step-by-step guide on how to
find the best products to sell step one
brainstorm products to find the best
selling products on amazon you must
first brainstorm as many different ideas
as possible and your goal is to start
with a large pool of products and
gradually filter out your best ideas now
this process should not be random and
you need a keyword research tool like
jungle scout to accelerate the process
jungle scout is a database of every
product listing on amazon and by
querying this database with specific
parameters jungle scout can return you
keywords and products that exactly meet
your sales criteria for example if you
want to sell products in the home and
kitchen category that fall under a
certain criteria you can use jungle
scout to quickly retrieve that data now
in this example i'm using the jungle
scout opportunity finder to find
products and keywords that generate at
least 5k in revenue so at least 150
units per month self release 20 bucks
and have a search volume of at least a
thousand searches per month
now using jungle scout analyze every
keyword and follow the product
guidelines in this video to brainstorm
products to sell
step number two analyze the competition
now as you go through the keywords from
jungle scout you should use these
keywords to perform product searches on
amazon to look at the competition now
here's the amazon sales data for
products under the keyword removable
wallpaper floral now once you've brought
the sales data for that keyword here's
what you should look for an even
distribution of revenue you never want
to see one brand or listing dominating
all the sales you also want to see low
review counts the number of reviews is a
measure of the strength of an amazon
listing and ideally you want to see
review counts in the low hundreds you
also want to see an average selling
price greater than 20 bucks and a
minimum of 150 sales per month here's a
video that walks you through how to use
jungle scout just in case you're
interested
step three you got to run the numbers
once you've found a potential product
you want to run the numbers to see if
you can make a profit the easiest way to
see how much profit you can make is just
by doing a search on alibaba now
according to alibaba i can source these
removable wallpaper rolls for less than
two bucks a roll
meanwhile similar looking wallpaper
sells for around 20 per roll on amazon
however the 2 parole price is direct
from the factory and does not include
customs duties and shipping costs now to
calculate your true landed cost of goods
you must first find the customs duty
rate
now we're in luck here wallpaper does
not have any customs duty at all now the
final step is to calculate your true
landing cost of goods and using my
calculator simply plug in the price and
the duty rate to calculate your true
landed costs
now shipping costs fluctuate all the
time but this calculator will give you a
rough estimate of your landing costs and
overall i can source these wallpaper
rolls for about three dollars and sell
them for 20 bucks on amazon
in general you should aim for product
margins greater than 66 percent to make
a good profit selling on amazon finally
step four is to improve the product
after running the numbers to make sure
you can make a profit you should work
with your factory to make sure that you
have a solid value proposition for your
products making a better product begins
with browsing the negative reviews on
amazon for your competitors
now according to reviews this wallpaper
is hard to line up and in addition the
adhesive tends to bubble up and wear out
after only a couple applications
so what i would do is i would work with
the factory to cut my wallpaper in a
special way where all pieces are just
guaranteed to line up in addition i
would work with the manufacturer to add
additional adhesive to apply to the
wallpaper so it doesn't bubble up or
wear out this way i have a strong value
proposition to compete against other
listings on amazon now once you've run
the numbers and found a good practike
selling amazon you must reach out to
suppliers to source your products and
the way you source your amazon products
depends on your business model for
example you can do private label you can
do retail arbitrage you can do online
arbitrage you can do amazon wholesale or
you can do amazon drop shipping now in
the show notes below i have links to
full-blown tutorials on youtube that
will explain all these business models
for you now overall the best selling
products to sell on amazon changes all
the time and there's no magic bullet for
finding the best products to sell every
time however if you use the methods
outlined in this video you'll at least
get a base hit and over time you'll
create a profitable amazon product
portfolio
hope you enjoyed this video now if you
like what you saw there's actually a lot
more where that came from if you
subscribe to my channel below and if you
are interested in learning how to sell
physical products online then click over
here and take my free six day mini
course where i'll walk you through
everything that you need to know to get
started in e-commerce thanks for
watching