📈 How to Make Millions on Amazon: The Secret Pattern Revealed
Are you looking to make millions of dollars on Amazon? If so, you're in luck because I'm going to reveal the secret pattern that millionaire Amazon sellers know. In this article, we'll go over the best categories to sell in, the top-selling products in each category, and how to create a product that can make you a millionaire.
Table of Contents
- Introduction
- The Best Categories to Sell in
- Baby
- Beauty
- Clothing, Shoes, and Jewelry
- Grocery and Gourmet
- Kitchen and Dining
- Private Labeling vs. Retail Arbitrage vs. Wholesale
- How to Create a Product That Can Make You a Millionaire
- Conclusion
- FAQs
The Best Categories to Sell in
Before we dive into the top-selling products in each category, let's first go over the best categories to sell in. According to Amazon, the best categories to sell in are:
- Baby
- Beauty and Personal Care
- Clothing, Shoes, and Jewelry
- Grocery and Gourmet
- Kitchen and Dining
- Pet Supplies
While there are other categories that you can sell in, these are the ones that have the most potential for high sales and profits.
Baby
The number one product in the baby category is diapers, which is not surprising. Each size of diapers is doing almost a million dollars in sales every single month. If you're looking to sell in the baby category, consider creating a product that solves a common problem for parents.
Beauty
The number one selling product in the beauty category is a patch that helps with acne. This product is doing four hundred thousand dollars in revenue every single month. If you're looking to sell in the beauty category, consider creating a product that solves a common problem for people, such as acne or aging skin.
Clothing, Shoes, and Jewelry
The number one selling product in the clothing, shoes, and jewelry category is Crocs. Some colors are making two million dollars, some are making three million dollars, and some are even making four million dollars every single month. If you're looking to sell in this category, consider creating a product that is comfortable and stylish.
Grocery and Gourmet
The number one selling product in the grocery and gourmet category is Celsius energy drink. The top-selling flavor is doing around four million dollars per month, which is over 50 million dollars in sales per year for just one flavor. If you're looking to sell in this category, consider creating a product that is healthy and convenient.
Kitchen and Dining
The number one selling product in the kitchen and dining category is the Stanley quencher. This product is doing three to five million dollars per month, depending on the color. If you're looking to sell in this category, consider creating a product that is durable and functional.
Private Labeling vs. Retail Arbitrage vs. Wholesale
There are multiple ways to sell products on Amazon, but the three most popular are private labeling, retail arbitrage, and wholesale.
Retail arbitrage is the easiest way to get started, but it's hard to make a million dollars because you're constantly needing to find new products to sell.
Wholesale is where you buy products in bulk with a wholesale discount, but you're still just a middleman.
Private labeling is where you create a new product or improve an existing product and put your own brand on it. This is the best way to make a million dollars on Amazon because you're creating a unique product that has low competition.
How to Create a Product That Can Make You a Millionaire
To create a product that can make you a millionaire on Amazon, follow these steps:
1. Use a tool like Helium 10 to do product research and find a product with high sales potential and low competition.
2. Find a manufacturer overseas or in the USA and communicate with them to create a product that is better than the competition.
3. Buy your product in bulk at a discounted price and send it into the Amazon warehouse.
4. Create a listing for your product on Amazon and start selling.
Conclusion
If you want to make millions of dollars on Amazon, the key is to create a unique product that solves a common problem and has low competition. Use the best categories to sell in as a starting point, and consider private labeling your product to stand out from the competition.
FAQs
Q: How much money can you make on Amazon?
A: The amount of money you can make on Amazon depends on the product you're selling and how well you market it. Some products make millions of dollars per year, while others make only a few thousand.
Q: Is it easy to sell on Amazon?
A: Selling on Amazon can be easy or difficult, depending on the product you're selling and how well you market it. It's important to do your research and create a unique product that stands out from the competition.
Q: How much does it cost to sell on Amazon?
A: Amazon charges a referral fee of 15% for most categories, as well as a Pick and Pack fee for each product that is fulfilled by Amazon. There are also other fees associated with selling on Amazon, such as storage fees and advertising fees.
Resources:
- Helium 10: https://www.helium10.com/
- Alibaba: https://www.alibaba.com/
- Thomasnet: https://www.thomasnet.com/
