Whether you are an Amazon development and product selection manager or a product development manager, you should follow the three principles of Amazon product selection.
First, understand the market. The preferences, aesthetics, and cultural customs of users in different countries and regions are different. You need to understand their needs in order to select products, and you should analyze the demand proportion of each category of products in the market and future development trends.
Second, understand the supply chain. No matter what the product is, it needs the support of the upstream supply chain. You need to have a clear understanding of the industry’s structure and changes, and be familiar with the product development supply chain to reduce costs and remain competitive in the business environment. Supply chain management is a vital link. Optimizing the supply chain can reduce costs and shorten production time, which plays a vital role in Amazon’s creation of explosive products.
Third, understand profit costs. Only by making good preparations in the early stages and making sustainable profits can we achieve sustainable development. Today, the cross-border e-commerce environment is more competitive. If the product does not make enough profit, the company’s bankruptcy is inevitable, so product developers must understand the product’s cost structure.