Showing posts with label packaging. Show all posts
Showing posts with label packaging. Show all posts

Wednesday, 7 March 2018

The ULTIMATE Guide to Product Branding!

Andrew Minalto

People who have followed me for some time will know that I’m a huge fan of branding – making my own products unique and using specific packaging and bundling techniques to really stand out from the crowd and allow me to charge premium prices for the products I sell.
In today’s blog post I want to go into detail on how you can do same – take a simple, un-branded product and turn it into a money making machine! Without further ado, let’s get started!
What is this concept all about?
The idea is very simple – you take an un-branded product and using your own brand/packaging, turn it into a unique product you can then sell on eBay, Amazon, your own online shop or any other distribution channel (including wholesale).
What is an un-branded product?
By un-branded I simply mean a product that has no brand on it – no logos/company names on the product itself or its packaging. Usually these products will come un-packaged or packaged in plain boxes or clear bags.
What are the advantages of branding these products?
There are several important advantages to creating your own branded products versus selling un-branded ones:
1) Product uniqueness. By having your own brand printed on the product/packaging you essentially create a UNIQUE offer in the marketplace. It doesn’t matter that other people may be selling the exact same product – due to the brand and packaging yours is unique.
Take bottled water for example – it’s water!!!! But you’ll find at least 10 different brands of bottled water in your local supermarket (with various price tags). And essentially what these companies are selling is the BRAND value, i.e. the perception of what that brand is worth, as at the end of the day water is just water.
branded-vs-un-branded-waterWe can use this paradox of people’s perception towards a brand/product packaging and use it to our advantage. This works in almost any niche and with any product, if a proper branding strategy is applied.
eBay is a super competitive marketplace and often hundreds of sellers list exactly the same product. It’s not easy to compete with such listings apart from using the lowest price strategy, which as we all know, can’t be the base of a sustainable, long term business (shift hundreds of packages a day to make minimum wage?).
So by creating your own branded products, you practically almost eliminate your competition, as NO ONE will have the exact same product offer as you – which is very powerful.
2) Increase perceived value. If you’re smart enough to create a brand that visually really appeals to people, they will happily pay more for it. This means you can charge higher prices than your competitors and still sell a lot! This means higher profit margins for your business.
The key to success here is to really create a brand that HELPS you sell the product, not the other way around. We all have seen various Chinese branded products selling on eBay – in most cases these Chinese brands are very weak – the name is bad, the logo is bad and the packaging is bad.
In this example packaging is ok BUT there's no Brand Name at all!
In this example packaging is ok BUT there’s no Brand Name at all!
These brands in 99% of cases look CHEAP and this is NOT what we want to achieve! We want to create a brand that represents the middle and even premium price class, not something cheap. A cheap brand is almost as good as no brand. So it’s very important to do it THE RIGHT WAY! If you’re not ready to put some effort into this, don’t even start.
3) Brand loyalty. If you’re working in a sticky niche market, e.g. a niche with lots of repeat customers, this can work wonders. Imagine a person buys a pair of kid’s shoes from you (your own brand of kids shoes) and they’re very happy with the quality, service provided, delivery etc.
It would only make sense that they’ll look for the same brand the next time they shop onlinefor a new pair of shoes, right? Maybe they won’t specifically search for your brand (as they could forget it) BUT when they see your brand in eBay’s search results, they WILL remember it and the chance of them buying from you is much higher than your competitors.
This won’t happen with every customer of course but I’m just illustrating the power of having your own branded products. Even if 10-20% of your customers make a second purchase from you just because they remember your brand, that’s a significant result and should add a lot of additional profit to your business.
To sum it up – these three advantages are more than enough to make the whole process worthwhile. For years I have based my entire business on this strategy and I’ve taught it to dozens of my 60DBP clients with great results so you can be sure that this WORKS! In one way or another, having your own uniquely branded products really helps you stand out in crowded marketplaces such as eBay and Amazon.
Dis-advantages?
There are none, really. Apart from the small initial investment, time and energy you’ll put into branding your own products.
There may be some niches where branding may not yield any advantages but I can’t think of any at this moment! A well branded product will always have a higher chance of selling compared to an un-branded rival, if other conditions are the same.
Where to get un-branded products?
brandingThe most popular place you already know of course – China! In reality most of what you see being sold on eBay (un-branded) comes from China. You can learn more about how to import products from China here.
But that doesn’t mean it stops with China – there are still thousands of manufacturers in Europe, the United States of America and other parts of the world. You just have to look for them.
With China it’s very easy as we have these popular B2B portals with millions of products already listed:
With US/Europe based manufacturers it’s not that easy to find them. But you can still do so via:
  • Google
  • Yellow pages
  • Trade directories
  • Trade shows (BEST!)
  • Industry catalogues/magazines
It doesn’t really matter where your supplier is located – most will offer OEM services, if they’re a true manufacturer. OEM means that the supplier will do the branding FOR YOU. But even if they don’t offer OEM service, there are ways to brand the products at your end and we’ll cover them later on in this post.
So now we’ve established the basics of why branding your own products is a good idea and what advantages it gives you – let’s get into the actual branding process and techniques.
What exactly are branded products?
By branded products I mean products that have:
  • A brand name/logo on the product itself;
  • A brand name/logo on the product’s packaging.
Sometimes branded packaging is not needed and sometimes you don’t need your brand on the product itself.
For example:
  • If you sell bulk glitter powder, your only worry is to get branded packaging done as you won’t put your brand/logo on the glitter itself;
  • If you sell t-shirts, you don’t really need branded packaging as it’s not that important for products like clothing. What you will need though is branded neck tags.
  • If you sell MP4 players, people expect it to come in a box. With a product like this, you’ll want to brand the product itself as well as the packaging it comes in.
I hope these examples help clear up the question of whether the product and/or the packaging need to be branded. Sometimes you will need to brand both while other times it’s enough to brand either just the product or just the packaging.
Should you brand products via the manufacturer or do it yourself ‘in-house’?
If you’re a business minded person, you’ll know how important it is to streamline all the processes in your business. This means that ideally you want the manufacturer to brand products for you, using their technology and resources.
Not only does this free up your time, by having the manufacturer brand your products, you gain two further advantages:
1) Better technology. While there are ways to brand products on your own, most likely you won’t have access to the same printing and packaging technologies your supplier has. In most cases, manufacturers will be able to provide you with more packaging options, higher print quality and in general – the finished product will just look better – how it should be with a brand new product coming off the factory line.
2) Cheaper price. Many companies will do branding for you for FREE, if you can meet the required minimum order amount for OEM orders. This means you get your own uniquely branded products and packaging absolutely cost and hassle free! Shipped to you and ready for re-sale without you lifting a finger.
branded-boxes
Printed boxes from Boxprintingcompany.com
Sometimes you may be asked for an initial, one time fee to cover printing set-up fees(making plates for litho printing for example or die cut for custom sized boxes) but these fees are usually not that high and definitely well worth it taking into account all the advantages we’ve already covered.
So yes, ideally you want your supplier to brand products for you but not all will do this plus there’s one small catch – usually manufacturers will have a certain MOQ for OEM orders. These numbers vary greatly depending on the product and specific manufacturer and can be anything from 10 or 100 up to 1000 and more.
So obviously you won’t always have the buying power to order that many products. In cases like these, your only option will be to brand your products yourself after receiving them from the manufacturer, which we’ll cover later on. But before you give up on your supplier doing this for you, always try to negotiate MOQs! If they ask for 1000 units to be branded, most likely you can cut that by half down to 500, with some negotiating. Offer to pay a slightly higher price or cover the printing set-up costs if that makes financial sense. Do as much as you can to get your manufacturer to brand products for you.
What do you need to start the branding process?
Whether you let the manufacturer brand your products for you OR do it on your own, the first thing you’ll need is the actual BRAND NAME!
We won’t go into detail on how to come up with a great brand name here, that’s another huge topic, but just so you know – having a good brand name is essential to making this work. You want a unique name, ideally something with a little story behind it that APPEALS to your target customer.
For example, if you sell photo frames – a bad brand name would be: Alan’s Photo Frames
It’s bland, and just plain boring! It doesn’t tell you anything good about the product, nor does it increase the perceived value of the product.
A much better name would be:
  • Happy Days
  • Memories to Keep
I hope you see the difference here. You want a name that is distinct and relates emotionally with the products you sell.
If you need some help coming up with a great brand name, check out my domain brainstorming guide here and check the Branding on a Budget video series in my eCommerce Magnates video course.
ecommerce-magnatesThe next step is to get a logo done for your brand. And by logo I don’t mean some cheap clip art mosaic you can get from Fiverr.com. If you plan to have your own branded products, you want a GOOD, high quality logo that looks professional.
You can hire a designer to do your logo from one of the various online marketplaces (like eLance.com), or through my design services here. A decent logo can’t be purchased for 20 quid. Expect to pay a minimum 50 pounds but in most cases, a decent logo will set you back around 100-200 pounds.
Whatever you do, make sure the logo looks professional enough to be put on products PLUS it should be in VECTOR format! Not jpeg or gif but a VECTOR file (.ai, .esp etc.).
Vector files are drawn from scratch, using lines and vector objects AND they can be up-scaled to ANY SIZE without quality loss. This will come very handy when you do product packaging as it requires high resolution and flexibility which .jpeg files simply can’t provide.
If you already have a good looking logo but it’s NOT in vector format, you can hire someone on Fiverr.com to vectorize it for you. This means your .jpeg file will be turned into a vector file by re-drawing everything in vector.
But as I said, ideally get the vector logo file from your designer in the first place so you don’t have to worry about quality issues later on.
vector-drawingNext, you’ll need packaging design. Again, don’t do this on your own, unless you’re a designer by profession. You really need to hire a professional designer to create professional packaging for you. Just like the logo, it should be created in VECTOR format for the best print quality.
Depending on the complexity of the packaging, expect to pay 100-300 pounds for a good looking design.
Don’t forget to include all additional information on the product packaging as well, like your website address, ingredients (in the case of selling food, materials and similar products) and your contact details.
A good idea is to add a barcode as well, in case you plan on selling your product on Amazon’s marketplace or in an offline/wholesale environment. You can get barcodes for this purpose by joining the GS1 (in UK) or buy buying individual barcodes from online re-sellers, such as:
Also, if your product requires an instruction manual, you should also ask your supplier if they’re able to do the printing and insert a manual with each item. This will free up your time and resources. A finishing touch like plastic wrapping around each box can also be important with some types of products and will ensure that BRAND NEW LOOK for your products when they’re received by customers.
Sometimes suppliers will be happy to do the packaging design for you, if you supply them with your logo. In most cases though that means they’ll use their pre-made packaging template and just change the logo to yours. With Chinese manufacturers this often means that the design won’t look good, as it’s simply not something they really find important.
If you truly can’t afford your own packaging design, you can of course explore this option but ideally you should go with a real designer to ensure the design is of the highest quality – after all that is the whole point of branding your products – to increase the perceived value, not decrease it with a budget design!
If you don’t need branded packaging for your product, then all you do is supply your logo (in vector format) and the manufacturer will put it onto the product for you.
When you let your supplier do branding for you, ALWAYS ask for drawings/images and ideally pictures of one prototype to see how it all looks on the product in real life. Don’t take any risks here just by sending off your logo and leaving everything in the hands of your supplier. You need to keep an eye on things and see some examples before the full order is done!
Lastly, on packaging – always ask what options your supplier can offer you as often there are various boxes and packaging styles to choose from. Remember, the idea here is to stand out from the crowd so if everyone else is selling this product in blister packaging, maybe you should go the cardboard box route? Or if everyone else is packing this product in square boxes, maybe you should use wooden boxes, blister packaging, fabric bags or aluminium cases?
These are just examples of course so do whatever makes sense to you and allows your product to be unique.
How to do branding in-house?
tampo-printingSometimes you just can’t afford to get the branding done in China due to high minimum order requirements. That’s life but it doesn’t mean you can’t brand your products at all. Most products can be branded in one way or another with minimal financial outlay.
1) Tampo printing. This technique can be used with most goods to apply a logo and/or additional graphical information. Tampo printing is wisely used in the corporate gifts industry to create personalised mugs, pens, clocks and various other products.
It’s not really worth buying the equipment and doing this on your own. Simply contact local printers or gift shops who do product customisation and ask for quotes. The more products you want to print, the lower the price will be so make sure your order is still reasonably sized to make it cost effective.
2) Labels. If tampo printing is not accessible to you or it’s simply too expensive for the products you sell; another, cheaper alternative is to use full colour labels. Now, these won’t work in all cases (you don’t want to put a label on a MP4 player for example) but it’s an option you can consider if you sell anything in bags, pots, jars etc.
labelsYou can order labels from local or online printers such as Stickylabels.com or do them yourself. But please, don’t buy Avery label paper and print these out with your home inkjet printer. The final result will be far from professional!
If you want to buy the equipment and print your own labels, do it the right way. Get a professional Primera label printer to produce pro quality labels on a budget.
primera-lx900This will only be a cost effective option if you sell loads of various products that each need different labels – like teas, loose glitter or acrylic paints.
The well-known Dymo label printers can be used for this purpose too. Only with these you’re limited to black & white print outs so make sure this fits in with your overall branding strategy before going down this route.
3) 3D labels (also called Dome Lables). If you’re selling any electronics or other plastic goods but can’t afford tampo printing, 3D labels (Dome Labels) are another option to get your logo on the products. These 3D labels actually sometimes look even better than tampo printing! Their raised, 3D surface really gives that premium look. For example, My OKI C711 printer actually has such a 3D label on it:
OKI-c711And that printer costs 900 pounds!
Here are some companies that offer 3D label printing services:
IMPORTANT!!! Whether you use tampo printing, normal labels or 3D labels, make sure the logo looks great on the product! It should be the right size (not too small or big) and be a contrasting colour. For example, if the product surface is totally black, you’ll want to use a WHITE version of your logo so it stands out. And vice versa for lightly coloured surfaces.
White products are easier to work with of course as any colour (apart from white and very light shades) will look good on the product.
Another tip – If your logo’s composition/proportions are not suitable for the products you sell, don’t be afraid to change it a bit. For example, a logo like this:
whole-foods-logoIt will be very hard to put it on a long/narrow product like a pen. What you do is just take out some graphical elements or re-position them so they look better on the product, like this:
whole-foods-longAny designer can easily do such basic editing tasks so don’t be afraid to ask for various logo versions so you have options for various product sizes.
Creating your own branded packaging.
With a product where you need branded packaging done but can’t meet your manufacturer’s MOQ, there are still a few options left that can be done locally:
1) Cardboard boxes. This is the most commonly used packaging type so there won’t be any problem getting plain mono or full-colour printed cardboard boxes made in the UK as long as you need a decent quantity. And by decent I mean at least 1000 identical boxes, anything less than that and you’ll have to pay a premium price per box.
If you sell high priced goods, you can probably even afford to pay a few quid per box for nice full-colour packaging but in most cases you’ll want to order at least 1000 to get the price down to 30-50p or less per box, depending on the complexity of the design.
With custom shaped/sized boxes there will always be that initial set-up cost to create a die cut for you and printing plates (if litho printing is used for example). This is a one-time fee though and not something you have to pay on every order.
Another option I personally use for small boxes when I need loads of different designs done is using amateur/craft die cutters. I have a Grande Mark machine from AccuCut.com:
grande-mark
Grande MARK 4 Machine in my Office
The way these machines work is you print out the design you want on cardboard and then run it through this machine to cut the box shape:
box-die-cutThere are hundreds of various box die cuts available on AccuCut’s website but I usually just order a custom made die cut for my needs from their sister company – CustomShapePros.com
While this is a more time consuming way of making your own product packaging, after the initial costs of buying the machine and a good printer, the actual cost per box is very low. Plus you can make as many different designs as you want and make boxes in small quantities – as little as just one.
2) Plain boxes with labels. If you can’t afford to get custom boxes done or purchase a die cut machine there’s another, cheaper option available – to buy plain boxes in the size that most closely fits your products and simply add your logo via one of these two methods:
  • Put a full colour label on each box; (buy labels from online printers). It may not create the most sophisticated look but at least you’ll have your brand on the box. You can order plain cardboard boxes on eBay or from specialist suppliers.
  • Use a stamp. This is a simple and very CHEAP way to brand your cardboard boxes. Simply order a custom sized stamp (as large as you can if the boxes are big) and simply stamp your logo on the boxes.
Make sure to add your website address below the logo to promote your online shop (even if it’s not created yet – you can still just redirect from the domain to your eBay shop).
3) Blister packaging. This is a very popular packaging for products like cables, small electronics, headphones, bolts, screws, craft supplies and much more!
Industrial blister packaging is created in complex machines, which are very expensive to buy and run. Luckily, there’s an alternative – Mr. Blister packaging which in essence creates the same look but allows you to pack your products yourself and at low quantities.
Their prices are very reasonable and the MOQs should be affordable to anyone.
mr-blister-packagingTo complete the look with blister packaging you’ll also need paper/cardboard inserts that go inside. Mr. Blister has partnered up with a company who can do this for you (they already know the sizes etc.) OR you can print out inserts on your own, using a quality laser printer (like OKI C711) and cut them out in the required shape with a Grande Mark machine and custom die from CustomShapePros.com
Obviously, buying your own equipment is only viable if you need to do huge volumes or dozens of different designs. In any other case it will be easier and cheaper for you to simply order these inserts from a printing company.
4) Clear bags. Some products can be packed in simple clear bags, like printing paper for example. What you do is buy such clear bags, pack the products in them and add a printed insert with your logo/product description and other information on top.
Alternatively, you can use labels on these bags to make them look better and have your brand name viewable.
There are various companies you can buy such bags from:
Many companies, like ClearBags.com will do custom printing ON THE BAGS for you if you can reach their MOQ. Again, very handy if you need thousands of the same size bags and want to put your logo directly onto them.
clear-bags-comIMPORTANT!!! If, due to budget constraints, you have to decide whether to brand your products or the packaging – always prioritise product branding. In the offline world packaging is what people see first but online – it’s the product. Therefore, having your logo/brand applied to products is what’s most important here as it will be seen clearly in the product images you use on eBay and/or your online shop.
Obviously, if you have branded packaging, you’ll include a picture of that too. But if not, just leave it outside your product pictures until you can afford to have custom packaging created too.
As you can now see – its not like custom packaging is accessible only to multi million pound companies! In fact, nowadays, anyone can make their own branded packaging using one of the techniques covered in this post. The only question is – what are you still waiting for?
Conclusions
You have reached the end of this rather long guide; I hope it has opened your eyes to the various possible ways of ‘creating’ your own products via branding.
If you’re serious about your online business, sooner or later you’ll want to start branding your products, as that’s the only way to create a true follower base, increase your products’ perceived value and allow you to charge premium prices while selling the same things everyone else sells. Basically, creating a brand and applying it to your products means you no longer have to compete on price alone!
I have tried to cover all of the most important elements of creating your own custom-branded products to sell on eBay, Amazon, your own shop and various other marketplaces but I’m sure I’ve left some things out. If that’s the case, feel free to post any questions you have below this post in the comments section and I’ll happily help you out!
Good luck with your own branding efforts!
Thanks,
Andrew

Monday, 5 March 2018

8 STEPS TO DISCOVERING WHAT TO SELL ON AMAZON

This post was contributed by Christoper Jan Benitez
In a previous post, Spencer discussed how to make money on Amazon. In this post, I'll go in depth on what to sell on the platform through Amazon FBA.
Fulfillment by Amazon is an initiative by the world's largest online selling marketplace to help businesses store their products at fulfillment centers. Amazon is also be responsible for packing and shipping the products to buyers.
By signing up for an account, you place your delivery process and customer service support in the hands of Amazon. Doing so allows you to focus on your business instead of worrying about shipments and customer relations.
More importantly, you get to reach out to millions of users shopping on Amazon – 244 million active users and counting, to be exact. Making your products searchable on Amazon increases your chances of getting found by your audience and generating a sale.
Now, you might be thinking that Amazon FBA is not for you because you don't have any products to sell. However, you don't need to have a product on hand just yet. This post will help you determine what to sell on Amazon and the steps you need to take to bring your ideas to life and into your customer's hands.
That said, we won't be dealing with retail arbitrage in this post. We aren't looking for retail products to be sold on Amazon at marked-up prices. While people have found success with retail arbitrage on Amazon, there is a threshold in earning from this method. Not to mention, replenishing your product stock on Amazon is a time-consuming process.
The disadvantages of retail arbitrage are what makes Amazon FBA a better option. You will have a better earnings potential by developing the products from scratch.

WHAT TO SELL ON AMAZON

What you should do now is find a product that you can private label. China is the best place to search for products due to low production costs, which yields higher profit once sold.
More importantly, you need to figure out what to sell on Amazon, which is the most crucial component of your Amazon FBA strategy.
By choosing the right product, you can make a nice profit of up to $60,000 per month (or more). On the other hand, selecting the wrong product to sell won't let you earn enough money. It won't matter if you picked a high-quality product from a cheap supplier and optimized its listing on Amazon. What is important is whether or not people will buy it from you.
Therefore, this post is about the process of researching for a product that would sell through Amazon FBA. I will discuss the factors that you need to consider to determine the profitability of the product. I will also provide case studies that put the tips into actual practice so you can emulate them when you start conducting your product research.

1. CHOOSE A PRODUCT SOLD BETWEEN $10-100

This is not a hard set rule.  However, if you are just getting started, the ideal price range of products to consider selling is under $100. Many sellers do well with higher priced products, and if you have the higher capital that is required (typically), then by all means go for it.
Ideally, choosing a more expensive product ($100 and higher) would be beneficial for you due to higher profit margins.
However, putting yourself in the shoes of customers, are you willing to pay $100 for a product immediately?
Unless you have all the necessary information about the product, you need to learn more about the product by reading reviews from other Amazon users. Paying for the $100 product with little information about it is not something all people are willing to do.
Therefore, you will probably have to search Google and Youtube to get a better understanding of how the product works. All this research should help you decide whether to buy the product or not.
However, imagine if you were to buy a product that ranges from $10-50. Would you spend the same effort researching it?
The cheaper the product is, the less likely customers will find more information about it. Moreover, consumers are more willing to purchase the product impulsively, given the low price point. As long as it addresses their needs, then there's a big chance they will buy the product then and there.
When choosing a product, look for a product that costs $10-50 to sell and focus on selling it in volume.
Also, since you will be buying the products from China, you need to consider the cost of each part required to assemble your product, especially if it's an intricate piece. Delivering items to be sold for more than $50 to your doorstep could get expensive. If you're still new to Amazon FBA, then it is best to settle with simple and cheaper items to private label for now.

2. CHOOSE A PRODUCT WITH A GOOD BESTSELLER RANK

The performance of your product on Amazon depends on the market. If people don't have any use for your product, then nobody will buy it. Competition, in this case, is good because it is an indication that there's money to be made with your product based on how well similar products are doing.
A metric that you can refer to in choosing a product to sell on Amazon is its bestsellers rank (BSR).
If similar products are ranking on top of the list, it means that there's demand for them. Choosing products identical to the ones found in the list allows you to position your business on par with these bestsellers. As a result, you can attract the target market of bestselling products and get them to buy from you instead.
There are varying opinions regarding the BSR of a product that you should use. It is best to choose a product with competitors that have a BSR of 5,000 or less. The more competitors with the same or higher BSR, the better.

Also, the BSR I am referring to here is the main category. In the image above, the main category (Pet Supplies) hosts the product (under Cats > Little & Housebreaking > Little category). While the subcategory BSR of the product is impressive, its performance on the main category is what matters more. Since it will be competing against other pet supplies products, a high BSR means that it is an in-demand product.
Want a shortcut?  I recommend using Jungle Scout to automatically pull the Amazon bestseller ranks AND displaying the estimated monthly revenue for each product.

3. NO RECOGNIZABLE BRAND IN THE MARKET

The advantage that well-established brands have over non-brands is their track record. Assuming that the brand is known for selling high-quality products, the market will associate these qualities with the product they are selling on Amazon. Going up against Fujifilm for photography-related products, for example, is a bad idea.
Therefore, you need to sell a product without a distinct brand to compete against. You want to sell a product in a market that's on level playing field. Capitalizing on a market filled with no-name brands positions yourself as a premium and go-to brand for your niche product, if done correctly.
Even if you haven't heard of the competing brand, you should at least check to see if it has a website, social media followers, and other digital footprints. This gives you a better idea of what you are up against, should you decide on entering the market with your product.

4. PRODUCTS WITH LESS THAN 50 REVIEWS

Customer reviews play a critical role in determining which products appear on top of Amazon search queries. The higher the number of reviews (regardless of opinion) of a product, the greater its chances of appearing on the first page of search results.

If the keyword for your product returns results of products with over 50 reviews each, then you might want to consider a different product. As much as possible, you want your path to success to be as easy as possible. Products with lots of reviews will obstruct your path to making money through Amazon FBA.
You should target a product whose keyword phrase returns a result of at least two products with less than 50 reviews. Their lack of reviews give you a chance to take their spots on the first page. By positioning yourself in this spot on the search query for your keyword, you make your product page more visible to casual users, thus leading to higher number of clicks to view your page.

5. CHOOSE A LIGHTWEIGHT PRODUCT

Again, this is not a hard-set rule.  However, when you are just starting out the logistics and shipping costs are much easier if you are not selling an oversized item.  But again, this is an ideal situation.  If you find what you think is a winning product that just happens to be oversized, don't let this rule stop you…go for it!
A lot of the shipping cost has to do with the weight of your product. The heavier it is, the more expensive the shipping will be.
Another factor that affects product weight is the dimensions. Amazon identifies a product into different tiers, each of which considers weight and dimensions.

For more information about product size tiers, click here.
Also, each tier uses specific packaging materials with weights different than the other. The heavier the product, the heavier the packaging weight will be to keep the product safe and secure.
Ideally, you want to sell a product on Amazon that meets the criteria of Small Standard-Size tier to keep shipping costs low. However, the important thing is that the weight of the product does not distract customers from purchasing it instead of the competition.
If you already have a product in mind, find similar items on Amazon and the compare all their weights. Doing so will give you a better idea of how your product will cost once the weight and packaging are factored into the price.

6. HIGHER MARGINS ARE BETTER

Once you have a product that passes all the requirements above, you can now find suppliers who will provide you the product that you will private label at low costs compared to what you can sell it for (margin).
As mentioned, China is the first thing that people search for when it comes to affordable suppliers. A quick check on Alibaba for the product you want to sell will reveal to you a slew of results to choose from.

Open the pages of products you're interested in purchasing and compare their prices with the ones on sale at Amazon. Ideally, you want to find a product that costs at least 75% less than the retail price on Amazon.
If not, choose the product that will provide you with the highest profit margin. Doing so allows you to have a cushion against the costs you will incur on shipping and miscellaneous fees from Amazon.

7. FINDING A HIGHLY SEARCHED AMAZON KEYWORD

Similar to SEO, you need to find the best keyword for your product to maximize your earnings potential. Finding a relevant keyword with a high search volume on Amazon is your top priority. Unless they know the exact name of what you're selling on Amazon, users can only see your product if they type in the keyword related to your product. By targeting the most searched keywords in the platform, you can increase your visibility to your target market in the hopes of getting them to buy your product.
There are a couple of tools that can unearth the monthly Amazon search volume for related keywords.
  • Keyword Tool – The tool helps you find keyword suggestions that you should consider to use for optimizing your product page.
  • Jungle Scout – The Amazon product research tool offers a comprehensive keyword feature that shows the different products which appear on search results.  Each product also reveals the BSR, estimated sales, estimated revenues, and more.
  • Merchant Words – The tool contains over 60 million keywords that Amazon users enter on the search bar to shop. It also shows the search volume for each keyword to help you decide which ones to optimize for.
Aside from these tools, Long Tail Pro allows you to find the average Amazon reviews for each keyword. As mentioned, you should choose a product with the least reviews as possible so you could get indexed on the first page of search results. By finding the least number of reviews for related keywords in conjunction with other data available from the tools mentioned above, you can determine which ones you should focus on.

8. COMPETITOR PAGES NOT OPTIMIZED

Aside from customer reviews, there are other factors considered in figuring out which pages that rank on the first page of Amazon search for a keyword. In short, the page should provide all the information necessary for users to make an informed decision about the product. Amazon has a page that details the best practices of developing your product pages to make them informative to users.
Frequently, the ones appearing on the first page of Amazon search have optimized product pages. However, there are pages whose elements still need improvement. Below are the most common mistakes that prevent product pages from performing well:
  • Few or low-quality product images
  • Non-descriptive product title
  • Limited description
  • Unhelpful bullet points
If you can find pages that commit these mistakes, then it is an opportunity for you to optimize your pages based on the weaknesses of the other ones ranking on the first page. For example, if one of the product pages have low-resolution images, then make your images high-quality.

CASE STUDIES

Now that we've discussed the things about what to sell on Amazon, it's time to see these practices in action from the different case studies featured below.

MANNY COATS – $75,762.35 IN FIRST MONTH


Manny shares his impressive run selling private label products on Amazon in just a month. He details in this post and podcast the process of researching and selling the three products. Manny mentions the work that was put in launching the products (12 to 16 hours of work from Monday to Sunday). Not to mention, he also ran into some problems such as losing stickers to close the boxes and Amazon losing one of his shipments. Nonetheless, the results more than compensate for the work he's put into this successful project.
Key takeaway: Manny chose a product in anticipation of the holiday season to maximize sales. He was selling a product under the toys category. The stock got sold out before Christmas, which is an encouraging sign. By choosing a product to sell based on trends and season, Manny was able to make the most out of his Amazon FBA campaign.

SPENCER HAWS – $60,000+/MONTH


Spencer has no experience selling physical products on Amazon less than 2 years ago. However, upon reading about the subject, he saw the potential of earning money from this strategy and had to try it himself. As documented in this post, Spencer was able to quickly ramp up his earnings to over $4,000 in just his first month.
Since then Spencer had launched several new products and has discovered that focusing on more unique products is the way to go.  By focusing on more unique ideas, Spencer has been able to sell more than $60,000 per month for several months during 2016. (And of course, December was even more than that)

Key takeaway: Trying to figure out how you can be unique in the marketplace can be important.  Don't just try to launch exact replicas of everyone elses products.  Even a small tweak to a product can help you stand out and make more sales.

SCOTT VOELKER – $35,000+/MONTH

One person that has encouraged lots of people to pursue selling private label products on Amazon is Scott Voelker of The Amazing Seller.  Spencer did a podcast interview with him to discuss his strategies.
Before venturing into the world of Amazon FBA, Scott owned a very profitable photography studio. He wanted to build a business that didn't take much of his time, so he turned to Amazon for help. On the first month of selling products on Amazon, he earned $4,000, which wasn't bad. However, after nine months of refining his processes, he made a solid five-figure income monthly and never looked back.
Key takeaway: Scott admits that there's no shortcut to finding that product that would sell like hotcakes on Amazon. However, he emphasizes the importance of depth when it comes to choosing your business. What Scott means is that you have to pick a product on Amazon in which you can still make a substantial amount of sales in the position you can get your product page within Amazon search. By approaching your product research in a strategic manner, you can unlock your true earnings potential in Amazon FBA.

DAVID BRYANT – $1 MILLION/YEAR

Another person that has done well selling physical products is David Bryant. Unlike other so-called private label product seller gurus, David is far ahead of the pack as he discusses in a podcast Spencer did with him about the practices of importing products from China to be sold on Amazon. Aside from the usual route of searching Alibaba for the supplier, he recommends getting a sourcing agent. This person is responsible for finding you the best products to be sold for you.
Key takeaway: Unlike others, David believes that researching can help unearth the best product that you should sell, but he is an advocate of going with your gut when making decisions. Also, he suggests that people should start selling a product that they are passionate about. Since they are fully informed about the product, it will be much easier for them to sell the product to their audience.
Another tip he shares is choosing a product that has lots of potential for add-ons. For example, if you are selling mountain climbing shoes, you can branch out to selling related products like harnesses, ropes, and others.

WRAPPING IT UP

Finding a type of product to sell is critical to your success for Amazon FBA. You not only need to be passionate about the product but need to put the work in to prove that the product will sell in the market.
The tips above should help guide you in choosing which product to go with. The research process is exhaustive and time-consuming, but it is a necessary step to make sure that you are doing everything correctly. At the same time, your research should provide you all the information you need to know to make it easier for you to succeed.
I also suggest that you read up on the case studies featured above to help you understand the level of commitment you should have to make the same amount of money, if not more!