Session #1: Introduction to Egrow and building your Amazon business.
How to download and set up Egrow on Google Chrome.
Session #2: Installing Egrow on Chrome Browser
How to install and use Egrow cont.
Session #3: Using Egrow and How It Can Help You Find Products.
Welcome To Session #1
How to Discover Profitable Items to Sell on Amazon
Without any selling experience, can you find products that are likely to be profitable and just start selling on Amazon? Yes you can! And Amazon gives you much of the data you need to get started.
But before we dive into what Amazon’s product listing details can tell you, we need to look at what makes an item profitable for Amazon sellers. From ship weight, to sturdiness, to category popularity and competition, there are many factors to consider. Your best bet is to identify a product that meets most, if not all, of these criteria.
Product Specifications: The Salable & Shippable Factors
Keep the following factors in mind to be sure products you’re considering can bring in profits after your costs: wholesale price, shipping costs, and Amazon seller fees. Products with the following specs are a good place to start:
- Target sale price between $35 & $100
- Cost is 25% to 35% of your target sale price
- Lightweight, easy and cheap to ship: 700g is good… 1kg max, including packing materials and box
- Simple, unbreakable items that won’t break during shipping or in use
- Evergreen items, meaning they’re not seasonal or holiday-specific
- Superior quality compared to the competition
- Expansion opportunities into complementary products
The Competitive Environment on Amazon
In order to make money, an item that’s profitably priced and easy to ship still must be in-demand and easily found by Amazon shoppers. Here are key factors that indicate whether or not a product has enough demand, and not too much competition, to be profitable. We’ll explain these key points in further detail below:
- Products aren’t being sold by big brand names or major Amazon sellers
- Similar items have an Amazon Best-Seller Rank (BSR) of 1000 to 5000 in the main category
- Items can be searched and listed under multiple keywords and product categories
- Similar product listings have less than 300 customer reviews
You are free to use any software you want for your research and all software is based on estimate data. The REASON I love egrow is:
- It’s the only software that does free trials/free accounts
- It’s easy to understand and easy to read
- It’s one of the cheapest softwares out there! (other softwares are over $1000 for what egrow does for $200)