Two Ways to Find Profitable Products to Sell on Amazon in Less Than 10 Minutes 🚀
Are you a new seller on Amazon looking to launch a product that can make you money without putting you in a bad financial situation? Look no further! In this article, we will show you two different ways to find profitable products to sell on Amazon in less than 10 minutes. We will provide step-by-step instructions on how to use the Helium 10 product research tool and the Magnet keyword research tool to find products that meet your criteria.
Table of Contents 📖
- Introduction
- Method 1: Using Helium 10 Product Research Tool
- Step 1: Find Search Demand
- Step 2: Determine Revenue Potential
- Step 3: Analyze Competition
- Step 4: Use Advanced Filters
- Step 5: Calculate Profitability
- Method 2: Using Magnet Keyword Research Tool
- Step 1: Find Related Keywords
- Step 2: Filter by Search Volume and Competing Products
- Step 3: Analyze Competition and Profitability
- Pros and Cons of Each Method
- Highlights
- FAQ
Method 1: Using Helium 10 Product Research Tool 🛍️
Step 1: Find Search Demand 🔍
The first thing you need to do is find out what people are searching for on Amazon. Use the Helium 10 product research tool to find keywords with at least 3,000 hits per month. This will ensure that there is enough demand for the product you want to sell.
Step 2: Determine Revenue Potential 💰
Next, you want to find keywords that generate anywhere from $5,000 to $15,000 in revenue. This will ensure that the product you choose has the potential to make you money. However, this is dependent on your financial situation, so adjust accordingly.
Step 3: Analyze Competition 🏆
You want to make sure that the product you choose is not too competitive. Use the Helium 10 product research tool to find keywords with less than 400 competitors. Also, make sure that at least three competitors are making more than $5,000 a month in revenue.
Step 4: Use Advanced Filters 🔍
Use the advanced filters in the Helium 10 product research tool to narrow down your search even further. Set the competitor revenue to more than $5,000 a month and the competitor reviews to less than 150. This will ensure that you have a guaranteed pathway for success when launching your first product.
Step 5: Calculate Profitability 💸
Use the Helium 10 profitability calculator to determine if the product you choose is profitable. Enter the price, weight, and other relevant information to calculate the estimated profit per unit. Make sure that the estimated profit is at least $3 per unit.
Method 2: Using Magnet Keyword Research Tool 🔍
Step 1: Find Related Keywords 🔍
Use the Magnet keyword research tool to find related keywords to your main keyword. Filter by search volume and only keep keywords with at least 1,000 hits per month.
Step 2: Filter by Search Volume and Competing Products 🔍
Filter out keywords with too much competition by setting the number of competing products to 2,000 or less.
Step 3: Analyze Competition and Profitability 🏆
Analyze the competition and profitability of the remaining keywords using the Magnet keyword research tool. Look for keywords with low review counts and high revenue potential.
Pros and Cons of Each Method 🤔
Method 1 using the Helium 10 product research tool is more data-oriented and provides a guaranteed pathway for success. However, it requires a subscription to the Helium 10 product research tool.
Method 2 using the Magnet keyword research tool is more creative-oriented and allows you to come up with your own unique product ideas. However, it requires more manual work and analysis.
Highlights ✨
- Use the Helium 10 product research tool to find keywords with at least 3,000 hits per month and revenue potential of $5,000 to $15,000.
- Use the Magnet keyword research tool to find related keywords and filter by search volume and competing products.
- Analyze competition and profitability using the Helium 10 profitability calculator and Magnet keyword research tool.
- Choose a product with low competition and high revenue potential to ensure profitability.
FAQ ❓
Q: Do I need a subscription to the Helium 10 product research tool to use Method 1?
A: Yes, you need a subscription to the Helium 10 product research tool to use Method 1.
Q: How do I calculate estimated profit using the Helium 10 profitability calculator?
A: Enter the price, weight, and other relevant information to calculate the estimated profit per unit.
Q: Can I use Method 2 to come up with my own unique product ideas?
A: Yes, Method 2 using the Magnet keyword research tool allows you to come up with your own unique product ideas.
Q: How do I ensure profitability when launching my first product?
A: Choose a product with low competition and high revenue potential to ensure profitability.
In conclusion, finding profitable products to sell on Amazon can be done in less than 10 minutes using either the Helium 10 product research tool or the Magnet keyword research tool. Use the steps outlined in this article to ensure that the product you choose has the potential to make you money without putting you in a bad financial situation. Happy selling!
Resources:
- Helium 10 product research tool: https://www.helium10.com/
- Magnet keyword research tool: https://magnetiq.io/
- AI Chatbot product: https://www.voc.ai/product/ai-chatbot
