A comprehensive guide to selecting products for Amazon sellers: Five key steps and points to consider
Product selection is the basis for the success of Amazon sellers. Reasonable product selection not only determines the chance of successful sales, but also affects the entire profitability. The following are the key steps and factors that Amazon sellers need to consider during the product selection process to help sellers clarify their direction and avoid common misunderstandings.
1. Clarify product costs and budget
In the initial stages of product selection, the total cost of the product must first be evaluated. This includes procurement costs, logistics costs, FBA distribution costs and other related costs. Understanding these costs can help sellers develop reasonable pricing strategies to ensure they remain invincible in the competition.
2. Investigate market performance and potential
After locking in the initial product, sellers need to conduct detailed market research. By evaluating the sales volume of similar products, user reviews (especially negative reviews), and market potential (whether it is a red ocean product or a blue ocean product), sellers can determine whether the product has good market prospects. At the same time, the process will be made more effective with the help of data analysis tools.
3. Discover inspiration for new products
Sellers can find new product inspiration through a variety of channels, such as Amazon’s Best Sellers and New Releases modules, social media platforms such as Facebook, YouTube, Instagram, or industry exhibitions. These channels can provide sellers with diverse product choices and stimulate creativity.
4. Find suitable suppliers
Once a product with market potential is identified, sellers need to actively look for reliable suppliers. in the country, the 1688 platform is a common choice. When negotiating cooperation details with suppliers, sellers should select multiple suppliers for sample comparison to ensure that the quality and packaging of the final product meet expectations. In the process, look out for discounted prices and other add-ons.
5. Continuously improve products
Finally, after selecting the sample, the seller needs to discuss with the supplier how to improve the product. This includes making corrections based on user feedback, such as enhancing packaging, improving quality, etc. to ensure the product stands out from the competition. Through these subtle improvements, sellers can establish their own market advantage and attract more consumers.
Through the above five steps, Amazon sellers can select products with more confidence and maximize sales efficiency. I hope all sellers can use these strategies and strive to create their own hot products.