Better ways to do amazon product research like a pro !
BEFORE COVERING THE EXACT PROCESS OF HOW WE FIND WINNING PRODUCTS, IT’S IMPORTANT TO DISCUSS THE “WHY?” BEHIND IT ALL.
Product research isn’t an exact recipe, different things work for different people, and while we have an extensive guide and experience to share you’ll have to use some of your own subjective opinion.
So it’s important to know the mentality behind it all, to learn how to find a good product on your own. This thought process is the core foundation behind what has skyrocketed my private label business to $5 million in annual revenue in just 2 years. It might be different than things you hear from other experts, and their strategies may have worked in the past. However, this formula is not one that has found people in PLM brief and minorly successful products in the past, this is how we found products to build our business so fast 2 years ago and how we find winning products today. The private label community is constantly growing, the market is getting intensely competitive, and therefore we need a strategy that considers this and outmaneuvers the competition.
The Method to do Best Product Research
It will expedite the process as well as dramatically increase your odds of choosing the right product needed to start making some money. This blog will help you understand the nuances of our criteria and how we use these worksheets to choose a product.
Step One: Confirming Product Viability
There are 7 qualifiers any potential product idea you find needs to meet. Any product you would like to source needs to meet ALL of these criteria in order to move onto your consideration set. These 7 criteria are:
Step Two: Product Selection
Once you’ve spent enough time building out a list of potential products that meet all the vetting criteria and have potential improvements, it’s time to move over to the second worksheet of the of our Product Concept Workbook. This Product Selection worksheet allows us to compile all of our product ideas and sort them based on a number of different variables.
This concept is a fundamental principle in Microeconomics and applies to not only product research, but to choosing suppliers, freight forwarders, designers, and any other important decision. Having more information means you’re more likely to make the right decision. Do your homework.
WE’VE GIVEN YOU THE PROPER MINDSET AND NECESSARY TOOLS TO FIND A PRODUCT THAT WILL MAKE YOU THOUSANDS OF DOLLARS A MONTH.
Take Your Time, Do Your Homework, And Take This Process Seriously And You’ll Be Your Own Boss Before You Know It