In this guide, we’ll cover the characteristics of a good product to sell on Amazon. A step-by-step guide to finding these products on Amazon. And tips on finding the RIGHT ones to sell.
It’s going to be fun, let’s go…
Characteristics of Good Product on Amazon
If you are here, then there’s no doubt that you are TOTALLY sold out on selling on Amazon.
I was too, many, many years ago. And I’ve built a very successful FBA biz with top-selling items.
I’ll show you the exact blueprint I use to find top-selling products in the next sections. But first, let’s dive into how to spot a KILLER product (for guaranteed profitable sales) :
1. Consistent Sales All-Year-Round
This is a good starting point.
I hear most “Fake” e-commerce gurus preaching about identifying seasonal trends. DO NOT join them.
The key is to sell products with sufficient demand throughout the year. That way, when everybody else is camping on Google Trends or Telegram groups. To identify their next product, you’ll still be balling because of that product you stocked 6/8 months ago.
2. Low Price
This is a bit controversial. But stocking low-priced products attracts a wide range of budget-conscious customers.
Also, stocking such products (that retail for $10 – $40) reduces affiliated costs. Such as Amazon fees and shipping costs, just to mention a few. This leads to increased sales volume for your online store.
3. Small and Easily Portable
The secret here is to reduce shipping costs and other import charges. If you are selling to foreign customers.
4. Repeat Purchases
Here’s another one that sets you up for success in the eCommerce business.
People will always need to buy items like pet supplies, beauty products, and food items. Hence, stocking items in these product categories guarantees sales!
Other recurring products include antivirus software, baby formula, diapers, laundry detergents, etc.
Determine the Business Idea of Sourcing Products
Now, let’s get down to specifics. I’ll show you the BEST six business ideas for sourcing products just to get your feet at the door.
Dropshipping
There’s NEVER been a better time to enter into dropshipping than NOW. Think about it, dropshipping millionaires are developing right before our eyes.
Don’t believe me? Check this out:
(Source: Google Trends)
The best part about dropshipping?
You don’t have to stock inventory in your warehouse or store. Just list items on your Amazon Seller Account. And source from third-party sellers.
Once you receive an order, the supplier ships the products DIRECTLY to your customer.
SIMPLE!
Here are a few things to keep in mind:
ALL receipts sent to the customer should portray you as the seller. NOT the dropshipping supplier
You MUST handle all the returns or customer disputes
Ensure you remove any labels/stickers with the supplier’s brand before delivery
Did you know? The global dropshipping market is set to hit $1.6T by 2031. It’s literally a gold mine, hands down!
I recommend dropshipping for:
Cash-strapped sellers who can’t buy goods in bulk and don’t have a warehouse
Sellers who don’t want to keep inventory by themselves
In simpler terms…
Real arbitrage is just reselling. You take advantage of product prices between two markets and make your profits.
For example, finding a low-competition product selling at $10 at Walmart. And selling it for $30 or $40 on Amazon. 20$ profit!!! Now, imagine doing it on a much larger scale. The profit margins will shock you.
I used to do real arbitrage back in the day. Here’s my honest opinion about it:
You start with as little as you want. In short, start with what you are comfortable with and scale up CONSISTENTLY.
EASIER to identify products to sell. I didn’t have to conduct keyword research or spend hours on brainstorming product ideas.
No launching of new products. This means I didn’t have to spend on marketing and advertising.
What I didn’t expect:
High-demand products with great price points are NOT guaranteed. This week, you’ll find profitable products at extremely low prices. Next week the store you bought them increases their prices.
REAL competitive. I would find 10 – 20 other sellers listing at the same price.
I recommend real arbitrage for:
Sellers who don’t want to dive into one particular niche
If you are just testing the waters and want to see how Amazon selling works
Print-on-Demand Services
I haven’t really tried Print-on-Demand before. But my designer friend makes six figures off this. And I’ve been reading a lot about it, too!
To get started, you need a professional seller account. Then, you’ll apply to join Amazon’s Merch on Demand.
Once you are in, start uploading your designs to the Merch on Demand dashboard.
