One of the toughest parts about selling on Amazon is Amazon Product Selection. Pick something too niche and you run the risk of nobody hearing of it or need it. And pick something too popular. The competition will be incredibly stiff.
However, Amazon Product Selection is by far the most crucial stage, and if you don’t spend considerable time. There are 2 kinds of sellers, the ones who make decisions based on their narrow observations and the ones who follow strict criteria. This blog will negate both. No tool can give you an exact result or a formula to predict the success of a product. It has to be a mixture of data analysis, observations, and experiences.
Amazon Product Selection: –
The best-selling products tend to be in that sweet spot between cheap and costly It’s usually between $20-50. If you’re wondering why:
- Moderately-priced items tend to be impulsively purchased more than expensive ones. The higher the price tag, the more a person thinks about what parting with that money means. They’ll do more research into whether or not they need the product. They won’t spend as much time comparing themselves to others.
- Really expensive products make it harder for you to get started. Also, You’ll have to fork over a lot more money at the beginning to get started, which can be prohibitive for many sellers.
- At the opposite end of the spectrum, people generally associate inexpensive with cheap quality.
- You must find a product that has a high or even medium demand. furthermore, Demand will determine how much time your product will take to sell off once it is up for sale on your Amazon storefront.
- The product that we select should not be a hot selling item for just one season or is in demand once a year. The product demand trend can easily be checked using Google Trends by punching in the product keywords.
- Products with Low seasonality will be unpredictable in their sales. Also, Secondly will only deliver for a specific duration.
- Sellers are extremely sensitive about their expenses at least in the beginning and they usually get frustrated about surprise costs that just uselessly pop up now and then. Heavy and large-sized products will increase the transportation cost which is computed based on volume i.e., from supplier to Amazon warehouse to the final customer.