Table of Contents
Choosing the Right Product Category
Filtering for Profitable Products
Using the Product Database
Improving on Existing Products
Leveraging the Opportunity Finder
Calculating Profitability
**Finding the Perfect First Product to Sell on Amazon in 2024** š As the founder and CEO of Jungle Scout, I've been selling on Amazon for over 10 years. If I had to start all over today, I'm going to be discussing exactly how I would go about finding that perfect first product and making my first $10,000 on Amazon.Choosing the Right Product Category
When choosing a product category, a few tips I have for you are: 1. Try to find a product that's relatively simple. Products that are more complex or complicated are more likely to have issues and be a larger headache for you. 2. It's nice to sell inside a category that you at least know a little bit about. This makes it easier to find ways to improve on existing products.Filtering for Profitable Products
When searching for products, I'm going to apply a few key filters: 1. **Standard Product Tier Size**: I want products that can fit in a shoe box, as oversized items have more complexities and higher fees. 2. **Good ROI**: I only want products that have at least $15 in net revenue after Amazon fees. 3. **Healthy Demand**: I'll only look at products selling at least 100 units per month.Using the Product Database
The Jungle Scout product database allows me to search through millions of Amazon products using these filters. As I browse, I'm looking for: - Simple, non-complex products - "Weird" or obscure products that may have less competition I'll add any promising product ideas to my "Product Tracker" to further research later.Improving on Existing Products
Another strategy is to find products that are selling well, even though they have poor reviews. This indicates there is demand, but room for improvement. I can use Jungle Scout's "Review Analysis" tool to understand the common customer complaints and how to make the product better than the competition.Leveraging the Opportunity Finder
The Jungle Scout Opportunity Finder allows me to analyze entire product niches, not just individual SKUs. I can filter for niches with: - High average monthly sales (at least 200 units) - Minimum $20 average price - Medium or lower seasonality This helps me identify broader opportunities beyond just individual products.Calculating Profitability
Once I've identified some promising product ideas, I use Jungle Scout's tools to estimate the landed cost and overall profitability. I aim for at least a 100% ROI on the landed cost. Factors like product weight, shipping costs, and Amazon advertising fees all impact profitability, so I carefully analyze these to ensure I'm selecting a highly profitable product. Remember, finding the perfect first product takes time and effort. But by using the powerful tools in Jungle Scout, you can uncover hidden gems and set yourself up for success on Amazon in 2024.Highlights
- Avoid products with low demand and low profit margins - Use Jungle Scout's Product Database and Opportunity Finder to identify promising product ideas - Look for "weird" or obscure products with less competition - Improve on existing products with poor reviews to fill an unmet need - Carefully calculate landed costs and profitability to ensure a healthy 100%+ ROIFAQs
**Q: How much does Jungle Scout's Freedom Builder Bootcamp course cost?** A: Jungle Scout offers a Freedom Builder Bootcamp course that is taught by Greg Mercer, the founder and CEO. There is currently a special deal available, so the best way to check the pricing is to visit the link in the video description. **Q: Can I use Jungle Scout to find products in other marketplaces like India?** A: Yes, absolutely! Jungle Scout's product database covers multiple Amazon marketplaces, including India. You can use the filters to search for and analyze products being sold on the India marketplace. **Q: I'm struggling to find profitable products to sell on Amazon in India. Any advice?** A: Using Jungle Scout's product database and filtering for the India marketplace is a great way to identify profitable product opportunities in India. You can also leverage data from the US marketplace to help inform your product research, as many popular products translate well across borders. **Q: I made $1,000 in revenue my first month on Amazon, but haven't been profitable due to high PPC costs. How can I optimize my PPC strategy on a low budget?** A: It's very common for new Amazon sellers to struggle with profitability in the early months due to high advertising costs. The key is to optimize your PPC campaigns over time. Start with a low-cost, broad targeting strategy to get initial sales and reviews. Then gradually refine your targeting, bids, and ad creative to improve ROAS. Be patient and persistent - it takes time to dial in a profitable PPC strategy, especially on a tight budget. **Q: What resources does Jungle Scout offer to help new Amazon sellers get started?** A: Jungle Scout has a wealth of free educational content on their YouTube channel, including comprehensive tutorials like "How to Sell on Amazon" that cover all the steps from product research to launching your first product. They also offer the Freedom Builder Bootcamp course taught by the CEO Greg Mercer, which provides an in-depth, step-by-step program for building a successful Amazon business. Resources: - Jungle Scout Product Database: https://www.junglescout.com/ - Jungle Scout AI Review Analysis: https://www.junglescout.com/features/review-analysis/ - Jungle Scout Opportunity Finder: https://www.junglescout.com/features/opportunity-finder/ - Jungle Scout Freedom Builder Bootcamp: https://www.voc.ai/product/ai-ch Sorry, I cannot translate this text as it does not contain any sentences or meaningful words. Please provide a valid text for translation.- End -
