How Beginners Can Learn Amazon Product Selection - A Super Detailed Summary Of Amazon Product Selection Strategies

Here are some tips for Amazon product selection for beginners without factory sources:

Part 1: Product Inspiration

On Amazon:

Best Sellers, New Releases, Movers & Shakers, Gift Ideas etc. Give a good overview of what sells well on Amazon.

Media websites:

Youtube, Reddit, Instagram, Facebook, Tiktok - Good for finding product highlights.

Traditional trade shows:

Great for seeing products in-person and connecting with manufacturers. Show quality has improved over the years.

Traditional trade transforming to ecommerce

Other ecommerce platforms:

Ebay, Lazada, Taobao - Many sellers source from 1688.

Selection software - Use what works for you.

Part 2: Product Research and Potential Analysis

Research target products further. Data analysis minimizes mistakes. Compare:

Profit margin 2. Compliance 3. Monopolization 4. Seasonality 5. Sales volume 6. Shipping 7. Reviews 8. Pricing 9. New product rate 10. Competitors

Part 3: Product Differentiation

Colors 2. Aesthetics 3. Functional differences 4. Solve issues similar products have

Part 4: Calculate Costs

Product cost

Logistics = shipping fees + various handling fees

Operating = monthly fee + listing fees + commission + shipping + ads + storage + other

Profit - remember foreign exchange fees

Part 5: Find Suppliers

Platforms like 1688, Pinduoduo, other wholesale sites

Part 6: Data-Driven Selection

When selecting a product, rely on data not just intuition. Consider:

Market capacity

Category sales volume - overall demand

Top 100 sellers' sales - can you accept it?

Search volume - core keywords over 10,000

Calculate profit if conditions met

Ad costs - should be 0.3-0.8 of profit

Product cost - supply chain vital

Shipping - size, magnetic, air or sea

Operating costs - estimate ad budget

With the right data-driven selection, maximize sales and avoid slow inventory!