In this episode of The Amazing Seller Podcast you'll learn what 3 steps you must follow and look for in choosing a winning product to sell on Amazon. You want to look at sales, demand and tracking history. This will give you a much greater chance of success.
I wanted to share these 3 steps, because I overlooked step #2 (Demand) and now I'm finding it harder than I thought to get 20 sales per day. I still think I'll eventually get this product to sell 20 per day, but it will take a little more time.
It's not that the competition is high, it's that the demand is low and the only sellers that are getting 20 sales per day or more are the top 1 and 2 spots. When you have more demand and you do the research, you will see that the demand can be in the top 10 or 12 spots.
Side Note: I've started to approach new products a little differently. In the past I was looking for products that could sell 20 units or more per day. I still think this is possible, but I now look at products that follow my 10x10x1 strategy, because I think it's even easier. I teach this now in my new Private Label Classroom and it looks like this.
10 sales per day x $10 Profit per unit x 1 Product = $100 Per Day Profit.
In this episode I explain how to make sure the product you select follows these important 3 steps. Keep in mind that you can use these steps for high competition products as well. But, I'll be using the 10x10x1 approach moving forward with my business with one thing in mind. Most of the time when you have more than one product, you will get cross sales and your product that's selling 10 sales can increase to 20, because you have more products promoting each other.
The 3 Steps Discussed :
- 1. Consistent Sales
- 2. Demand
- 3. Sales History
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