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top1course · 5 years ago

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AMAZON FBA PRODUCT RESEARCH | HOW TO SELL ON AMAZON FOR BEGINNERS COMPLETE STEP BY STEP TUTORIAL

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What is up internet is Kevin with that lifestyle ninja and I’m back again today to teach you how, how to sell on Amazon FBA, but more importantly to teach you how to figure out what to sell on Amazon FBA to make sure that you are free, first product is a homerun, i guess I’m not going to waste your time and teach you a step-by-step exactly how to walk through setting up a Seller Central account it’s pretty, the intuitive and has lots of art tutorials out there, yes I did register for my Seller Central account with my LLC, but you don’t have to do this, what I am going to teach you however is a super simple three-step process that I used to select all the products I sell on an, amazon, to make sure that you feel super confident about those products, there’s no guesswork involved and to make sure that the very first product that you choose to sell on Amazon as an absolute home runs, I got so Step One is definitely make sure that you don’t waste your time, sign up for a good product research Software System right I use jungle Scout on they have both a web app and a chrome, extension I use both of them I’m you can try out one of the other but I suggest just signing up for both because, they have free trials and they have a super generous refund policies to just take the dive do it now there’s no excuses, set it up and we’re going to walk through it together I’mma teach you exactly how to find a product that’s going to, hit it out of the park, like I step two is about reframing your thought process to think about every daily life scenario, In the context of Amazon, and what I mean by that is just the other day so I was over at my friend’s house and his dad’s a big cigar guy right so he has, collection of Cubans in all these different cigars, and so he’s showing it to us and I’m saying, price of wow that’s actually kind of an interesting little product the cigar holder and which I later found out was called a humidor but at, at the time I just rode out of my phone to the super quick note to myself, research cigar holders on Amazon in my vehicle practice l, i’m or even just today so I was meeting a friend at the at a restaurant a little Mexican restaurant on I’m over in Denver where I live right now, and while we’re waiting for our food they are bringing us the menus and the menus actually came in these cool, A little plastic slip kind of like menu covers.

So again I just jot down a quick note of my phone, check out menu covers when you get back to your house and you know some of these products are good some of them are total failures but you never know until you check it out, has really about his reframing your mentality to always be in the thought process, a finding winners on Amazon and that’s the best way to do it, hi guys in step 3 and probably the most important step, is by using a method that I called the itrak system, answer this is a method that has kind of been around for a while but, am I kind of created my own little twist that I found a lot of success with, it’s so basically what this method does is allow you to see actual sales data of real, Editor’s and other sellers on Amazon, i’m at 7 something that not a lot of people know is it all of the product tracking software like jungle Scout unicorns, master all the different competitors, they’re just estimating nobody has true Amazon sales data besides Amazon they don’t really, reset publicly they have no access the other API, so all of these product tracking and product research software tools are really just estimating based on daily BSR, i’m in so what you have to do is use what I call the eye track method, to actually get real sail data and I’m going to teach you guys exactly how to do that it’s the number one thing that I used to, make the decisions about which products that I’m going to pursue and which products that I’m going to leave, All right. So I’m going to do this life for you so I apologize that it’s not, you know edited and as smooth as some of my other videos but I want to I want to really try to duplicate and show you exactly my, thought processes behind all this, and I’m doing this all live there’s no premeditation for any of this, so you’re going to get really be seeing exactly how I do my own product Greaser so I hope it I hope it helps you guys, i’m so this is the jungle Scout mainedashboard so this is the service I use, i’m personally so they have the different marketplaces here they have on the Friday of different filters you can filter it by, you know FBI mapa if it’s actually sold by Amazon things like that right so the first thing I like to do, and it is research in the US market so one of them are Advanced tactics that will go over I’m a little bit later in this video, Is looking at some of the other products because, it’s a little bit more difficult you have to deal with that value-added taxes things like that and I actually think of, that has kind of a good thing, i’m some of the products that I’ve launched in the UK Market have just been absolutely insane cuz you can pretty much charge whatever you were, want cuz there’s no competition there, the review barriers are significantly lower and things like that we’ll talk about that later so the first thing I like to do is take a, look at the category section so there’s some things that you want to stay away from right, appliances, automotive right like some of the things that are, more complicated more expensive expensive isn’t always a, Thing that I stay away from butt.

I tend to stay away from Electronics, books, the margins on books are incredibly low and less you have you know a huge, stock and you can get, books are basically pennies-on-the-dollar so, does the same time I’m going to show you that the categories that I’ve figured out, do my own research and a lot of quantitative analysis, are the best so if you want to just trust me, feel free to do so but if you want to take a look for yourself I always encourage people that Tinker around, i’m so Home and Garden, coleman kitchen, toys and games Sports and Outdoors, pet supplies patio Office Products, so these are the categories that I like the most so some some people don’t like industrial scientific, so you can, click this off, health and personal care some of the beauty products are going to be gated, Which basically means you have to provide Amazon with, three invoices to prove that you’ve already been selling these products outside of Amazon is basically a way for them to, i’m kind of help vet people before that they can just you know sell whatever they want like a skin cream it’s made of, you know, hydrochloric acid, that’s a little intense but you know it’s just, i’m so the filters that I like to use, as follows, so a lot of the gurus and things like that say that you should always sell a product over $20 in the reason that they’re saying, it’s because with FBA fees with storage fees, you know what shipping fees and also obviously your cost of goods from your manufacturer, you know dis is, kind of the minimum price unless you’re basically getting your cost of goods sold for, For free that you can make a profit kind of worth the time invested to launch a product, it’s a lot of people put 20 here I like to put 1997 1995 next 94 you know something like this just, kind of stay one step ahead of people on potentially C products that they would not see because they set it at 20 so I like, 1993 hair, estimated Revenue so this is monthly Revenue, i found that you kind of want a product it’s, you know five or six thousand, monthly revenue for is it going to be worth it, so this is the most important part in my opinion guys reviews, so you want, reviews are incredibly hard to get on Amazon, they have a very vigorous system for catching, are people using their friends and family and I suggest staying away from that so, getting reviews is really the toughest bar, So, let’s start with 49 reviews here, so listen quality is one that I like to look at 2, listen party is out of a hundred right so, this this factors and things like, you know number of pictures whether or not they have full, bullets, list it out for their, products to see if they actually are maximizing keywords things like that so I have to set this at, 74-73, something like that again you know a lot of people are choosing 75 so you want to maybe see a few more products that other people wouldn’t by being you know just one step, i’m in the last thing that I like to do is rating so this is a rating out of five so this is if you get, you know 10 reviews and all of them are five stars then you have a 5 rating here, you want to kind of Target, Products that.

You know potentially have some room for improvement cuz then you can take a look at the reviews, and see if there’s something that you could maybe make better and, yam things like that, so once you’ve done all of this go ahead and hit search, i’m one of the thing I like to do is get more results per page, so while it’s working, the first thing I do, is that you can see there’s a, honda products here, which means that my, my, variables here are a bit too broad so let’s let’s step it up a little bit, what’s 211 thousand Revenue, and let’s make this 39, what’s research, so ganas, a ton of products here, like I said reviews in my opinion are the most important thing so let’s let’s move that down again, that’s still a lot of products, 14, mm, Results well, all right, what’s, 24000 Oz gold on a 19, so definitely move it, down a bit, 859 results, as you can download it as a CSV if you want, but I kind of like to just look through a couple of them, nC, you know my thoughts on things, so this one has 19 reviews, what is the, a ballet workout bar, got interesting I would never in a million years of thought to a cell that, shuffleboard right so this is expensive this is over $2,000 and this isn’t, surly a reason to stay away from something, but unless you have a lot of startup Capital this is going to be, a bit prohibitive right because you want to buy enough to get a low enough price for yourself to make a healthy profit, i’m so here is some electronic stuff, pool lights, alright so this is $550, if you have experience with electronics definitely go go ahead and jump in on something like this right this is an interesting one, Actually you know I’m actually going to be doing this research for myself so I’m going to be saving somebody’s products oh, hang in there with me, pro Hair Removal device, pretty cool hot flash, pretty cool hot, istorage, 38 Grand a month, i just realized that I set the reviews, the opposite way I intended to so let’s let’s look at the least reviews rather than the most, where’s the North Face you obviously want to stay away from these brand named items, amazon’s pretty strict about that and you just don’t want to be in a situation where, you’re going to be, you know having a deal with getting your account shut down for, patent infringement or anything like that to stay away from those big brand names, i just didn’t want a lot of people say stay away from glass but, You know if you follow what everyone says then you’re going to get the results everyone gets so I don’t I don’t listen to what, you know that’s just me and I’m going to tell you guys straight up what I think about everything so I hope, i hope your, on my side at least, taking it that I’m being honest is definitely will and always be honest with you guys for For Better or Worse, this, right so that’s kind of a weird one, swinbig brand, filament spool, house zero reviews, doing 60 Grand a month, the $600 again prohibitive kind of on the on the maybe the first order, so let’s, since most of the people are going to be starting out let’s, kind of set this, 2, a price that, people are going to be realistically, able to kind of start out on their first one, Here we go so now we’re down to 82 right so this is the number that we can definitely digest and really dive in deeper on.

So NFL you want to stay away from, write a bifocal reading glasses I don’t even know how they’re doing that with, prescriptions, this is great, suck a little funny teddy bear, wearing a shirt that says you’re going to have to or whatever, so humor is always something that I like to incorporate in any of my products right novelty, gift items, gift items are really important in my opinion right because something that a lot of people may not think about right away but, but is important kind of down the line, is, return rates right so someone just, from a psychological perspective is much less likely to return a product if it was given to them as a gift, Which is one of the things that I don’t really share with people cuz I want to keep it to myself but I’m staying with you guys, it’s something that I look for a lot in the products that I’m choosing, dymo labelwriter, 107000 look at 0 reviews + 107000, images so sometimes I’m not sure exactly what’s happening maybe they, purposely Miss categorized, their category and Amazon shutting them down so you kind of get this no image available, inflatable bathtub while this is beautiful, inflatable bathtub right so you can ship this is taking up zerospace 0% breakability, incredibly easy to find a manufacturer for this, it’s definitely one we should take a look at, kY Jelly, under Armour, and towels, metals, fidgets, i have absolutely no idea, animal grab one more and then we’ll kind of take a deeper dive into it and, all the kind of show you guys exactly what I’m looking for on listings, You know doing some brainstorming seeing if we can, beat him easily by just taking better product photography and beating them out on better copy you know some of, some of these listings are put up pretty quick VIP by Chinese manufacturers and you can kind of tell from their broken English the, you can, potentially do a better job just simply from a keyword and listing strengths from a copy perspective, goat store, brand goat story I’m not sure what that is, forgot skip that one, so it just as a as a side note so you guys, these type of products are doing crazy numbers right 26000 only 12 reviews, but their band on Amazon right now so how these people get away with it is they intentionally Miss categorized, right like you probably wouldn’t categorized, twisty glass blunt as being part of the kitchen, Ashley miscategorized an Amazon eventually catches them and shut them down right so they’re making, you know a ton of money but, now they’re risking their account health and it’s just not viable for the long-term, amazon never does shoes 2, i’m legalized those then potentially it’s something that you could explore, all right this is my be an interesting one, all right look at these two, alright so once we have all of these, kind of, taps look at then we’re going to take kind of a deeper dive so let’s let’s get into it, alright so our first item, all right take a look at this hobbydude, absolute garbage rights and normally this would say something like, perfect, for storing all of your wine needs in aesthetic, pleasing way, and then I would have like a, paragraph after explaining you know how many bottles you can store, Why it’s so amazing and white love at the next the next blind mice say.

You know I only made with premium mahogany wood, shine to a beautiful finish that would look great in any home, right until they have placement desktop, so obviously you could definitely hit them here, they only have one picture right and it isn’t even that great of a quality, picture you can’t even zooman right so it’s not high def, i must take a quick look at the customer reviews, impossible to put together right so that’s a good one maybe you can make a more, intuitive design with better instruction manual, and be able to, no potentially, how to make a better and bigger better bottle in that way, i’m so, doesn’t even look like this is actually song, single cell, yes if this actually isn’t even trying so for this example I’m not actually going to add this one, So we’re going to move on, art’s this is another good one, go Barre ballet workout Barre by gofit, so it looks like you get a CD, you got a calendar, you got, whatever that is and you got a ball, and get the ballet barre right to this is $150 to this is this is a great example of a bundle right, and so a bundle is a way to differentiate a product, probably the best way to differentiate a product, you know whether it’s, a cigar holder and your, throwing in like I said of whiskey glasses or something that you think that your Target demographic me, also find Value from, that your competition isn’t doing, translate they do a good job here they have the training manual they have the DVD for you to follow along, but like I was saying before right so look at it look at their coffee includes USA Hardware Bar, Rights of this is not what Amazon Shoppers are trying to see they want to see, perfect size for your beautiful like ballerina, or perfect size for any ballerina and then explaining you know, all the different benefits that you’re getting from it, the next one might say something like and you know cuz I’m just doing this live so I don’t, i don’t have all the best copy written but you know sitting down, an hour you can whip something out five paragraphs that just would put this absolute of Shame, brighten so they have one picture looks like they also have a video, specific sellers that have been around for awhile have access to videos on there, listings, close look at it really quick, or maybe let’s not, play, quick look at the customer reviews, So somewhat recent, today is January 31st, 2017 so this was, in a couple months ago, people are buying it, pros bar to my 10 year-old 15 minutes to assemble rights with easiest setup, impressment, how stable and adjustable the bar is so not bad, so let’s take a look at some of the negative reviews, extremely disappointed, there’s no ball Resistance Bands DVD or limited would forfeit came with that the box is damaged on arrival, would not recommend this, very very unstable, the wobble in a civil rights, so maybe you put together a bundle make sure that you’re actually including all the items, and you make a bar that has a bit more stability right so that might be a good one so let’s, add this one, to our car, every time that you identify a product that you think might be interesting go ahead and out of the car and I’m going to explain to you guys as, Exactly why we do that in it at the end of this video.

Alright so this one, 48% one star that is absolutely ridiculous, trying to find more so I replace these to my phone replaced if they’re going to my pool, 5 billiards in 5 years right so bad products or not lasting so maybe you can go ahead, and get a sample from a manufacturer, right so you could go on Alibaba which is the main source that everyone is searching for, you look for, it’s a white one of the main cure to this you maybe look for, standard pool light right and so then they’ll have images of what they sell, and then you want to make sure that you get a sample and really beat the crap out of hit and make sure that is actually working, Underwater and you know it’s lasting for you before you decide to make an investment in it, so this is kind of a cool one right so this is the main one that it’s on when you’re adding the car and there’s variations like this, whichever one that defaults to so for example of this is the one that default to see when you came to this link, go ahead and add that one to car, britain’s I’ll do a few more of these guys I hope your kind of getting the thought process behind this, again, terrible terrible copy this one of the few more pictures, right either hide FCI was zooming in like that, you want to have me you want to make sure that you have high def, definitely the most important thing no question for a buyer is the product photography rights of your phone, Photos are the number one thing that you guys want to be making absolutely sure that you’re doing, the best job of do not skimp on that, since was a deadline that we got from Jungle Scout, terrible copy, not eligible for Prime so this one is actually, what was called fbm, so this is for example flashforge, has, a warehouse that they owns not affiliated with Amazon and every time they get an oil they ship it from their warehouse to where, never that water came from on Amazon Amazon takes its fee, but it’s not eligible for Prime which means it’s not too late shipping, which is a absolutely huge factor that buyers consider before making a purchase, again not out not eligible for prime, you may be an a****** but you’re my a******, i like this one, just because it’s funny and I’m a sick demented, prison like most, What’s up, so couple more broken links, we figured premium fidget Spinners relieve your stress anxiety HD, 4 minutes, boy, actually love this one, it’s tiny right so this is going to cost nothing, the ship, that’s made of metal, it’s not going to break, great price point right 4995 let’s look at some of these reviews really quick, brands of dip, what the movie don’t recommend that the Finish is nice, not at the park dozen, barbara and her cheap in the ball doesn’t fit is Chris Wallace, so if you know spend some more time with the manufacturer and made sure that they’re actually, you know measuring it out and making sure that it was spinning with the proper, wait, so that it didn’t feel like it was wobbling to any side, people care about, definitely a good one go ahead and have a scar, dan awful copy I mean terrible is a terrible listing, Writing your selling trash bags okay.

Really people don’t care, but, you know everyone needs trash bags I buy everything off Amazon your toothpaste, toilet paper trash bags everything, right and you know, people in my generation are definitely if the if not already doing it are trending towards it so, you know it’s not sexy but I always tell people and I always let you know harp on this, the selling of products that aren’t sexy is, is smart right because the people who are starting out they want to sell something, cool right they want to sell a laser pointer, or TV or something that, you know what they say want to talk about but it doesn’t really it doesn’t really make a difference right, if you’re if you’re making money which is what I’m doing, and what I intended to do on Amazon to be able to travel and do all the things that I want then it really doesn’t matter what I’m selling what are the trash, Trash bag, or in a Tyrannosaurus Rex, i’m so, weak and tears easily rice and maybe make these double ply, i’m done, brand name is not in the title so I wouldn’t worry too much about people actually searching for you know specifically plastic, replace gallon trash bags, close take a look at this, right and so that is Method number one, i’m so mad the number to we’re going to jump right into a pre-loaded this for you guys the example that I was talking about being at my friend’s house, house when his dad was the major cigar fan and he was showing me his collection, and he had his beautiful little box that they were stored in, and at the time I thought it was called a cigar holder and so I asked him and he told me that I was actually call the humidor, And so this is the second way that you can use jungle Scout to do product research this is the Chrome app what we were previously use, is the web apps use go to junglescout.com for the web app, for the Chrome app, which is also downloaded from junglescout.com it just forms as little button appear in Google Chrome, and when you come to any page on Amazon, i’m it shows you all of the different statistical estimates, in kind of a nice little area, so the first listing, here it is so this one’s doing almost $40,000 a month right, aladdin sane, i’m until it gives you an estimate of the FBA fee right which is based on weight which is based on size, If 7 items oversized then you get charged you know more or less depending on a variety of factors and Amazon has, has all that just Google search FBA fees oversized standard, sundown really simply on it’s pretty easy to follow along, so, the cool thing about, the web app that you can actually look at any product right to the web, are sorry that the Chrome extension, the web app is good for finding products that you know you weren’t really thinking about, but using method to which is you know reframing your mentality to kind of sea life, through the Amazon lens, but the Chrome extension is perfect for that right so you just go to the normal Amazon website you type in humidor, and this is what pops up right so this is a bunch of different listings all for humidors, and you know if you get to the end of one page you just go down here quick, Quickly quickly just click extract next page.

And, the most interesting and definitely the most useful portion, the Chrome extension, is the filter option right to again using the same filters that we were looking at in the web app, but you can do it for any product right so this is these are the ones that you’re finding your daily life that you’re, hearing about, and things like that, so what am I to do the same things 39 reviews, you know maybe it looks start with 6000 Revenue per month, let’s go ahead and fill to that, list. Of time right but there are some so it means that, you know on the 1st, 3-4 Pages there’s for products that meet our requirements let’s take a look at why, let’s look at all for these just so I can really just died even show you guys exactly I’m thinking about all of this, Interactive the first one, so this one’s making, about $7,000 a month with only six reviews right so that, that is definitely you can definitely talk that, premium lager, bona, luxury humidifier and hygrometer box set of two items in their most ideal snow, working conditions, i’m right so this is it this is finally an example of a listing that is well done, right so they have, clear, they’re clear headers, cigar Aficionado best friend a humidor you can be proud of right so appealing to, end of the human aspect people who you know, people who are the target buyers of humidors, they want to brag about the cigars they care about it’s important to them, if the guards were important to you then you wouldn’t buy him what are you just buy a cigar and smoke it origin, Throw in the garage and never see it again, so look at it, all of these are, all these are high-definition right these are fully polished, this listing is a great quality right and that’s why it’s making almost $8,000 a month with only 6 reviews, so this is this is definitely one we can look at, dragon eye., alright so this is an interesting once of this, this person decided to take the route, actually providing the solution for cigar humidifiers, so I assume that this is something to do with maybe, not having moisture, if antifungal all right so this is, this is something that you’re, using as a, a compliment to the humidors and I’ve seen this all the time guys right so people focus entirely on the main product, and not the complementary products that, you know most people require with the main product, And that’s definitely something you always want to be looking at, what size is a car, so this is maybe a larger capacity obviously this listing is, terribly done, not eligible for prime, but maybe if you want like kind of the, portability, avit, i’m in again you know I’m doing this real-time so I can’t always tell you exactly but I would assume that this might be interesting, because you can actually transport it kind of in its own little briefcase maybe if we’re going on a trip, answer me like that so it’s definitely something to take a look at, the new Air, 400 count, so this is if you’re like the maximum, cigar, freak, but if you just live and die, cigars, repels cigar beetles, yeah so you definitely don’t want cigar beetles all up in your, keep this coupon has, safe who’s this is a reasonably well done, Listing this is you know this is for the this is for the true cigar.

Aficionado, it’s something we can look at it definitely a high-ticket again it would kind of be prohibitive, depending on whether or not, you have a large amount of start-up Capital but it’s definitely something that we can still take a look at, another way that I like to do a bit of research is using a tool called Merchant words and so what, merchantwords does, is it gives you, similar phrases buyer oriented phrases that people are actually typing in on Amazon, and it’s giving you those in a pre easy-to-use way, sOS let’s take a look through some of these, retro they have a free trial as well everything everything that I’ve shown you so far as a free trial so there’s no excuse his start now at 4, promise you it’s worth it I did it in three months and if I can do it I can definitely assure you that you can do it too, I’m so humidor cigar humidor humidor for cigars rights of these are all kind of the same thing, media cabinet, maybe this is a larger version rice you always want to use different quantifiers, you know large small, black white you know depending on what the what the different products are, just using those initial kind of suffixes that change the overall, an aspect of the product, is something that you want to look at, price of these are brand names, i need to go right so this is the, propylene glycol humidor solution so this is what we saw before so there was only one listing, and a very few reviews and it was making you sick Seven Grand a month and so, You know laugh at all $6,000 a month from one products when you know a second or third in your, amazon you’re making you know 15 $20,000 a month, you know that’s that’s serious money so you know you definitely want to consider, products that, wouldn’t necessarily be what, you know., conventional Amazon Guru would tell you, to Target butt, you know Stephanie a way to do it and so add three products that are making five grand a month rather than you know that one home run that has a ton more, competition making 15 random on, and you know you’re you’re slowly and quietly killing it while everyone else is, fighting the competition to the death in, ruining their profit margins and you know things like that, so here’s one, cheap cigar humidor, travel humidor, let’s look at this one, travel humidor, i hear you got so this is the one this is similar to the one that I was looking at that we saw before right, Yes is Hikaru this is the same brand, so do you guys specifically targeted a niche of the original product this is a beautiful illustration, of what we were talking about right, so they’re going after, the person that wants to take cigars with them on the go right, so this is this holds three cigars are charging $25 for it, ben 10 grand a month, 42 reviews, brighten so. You know that took us 10 minutes and I’m doing this all live, this is a perfect example of how you can just kind of stumble, in two different variants and using different you know, qualifiers like big travel I’ma go black you know different different words really open up different, avenues that you maybe you didn’t think of, and you know merchantwords are Google Keyword Planner, and things like that really are great for that type of thing, Like I said that his method to I hope you enjoy both method to and Method one.

I know it’s kind of a lot but I hope it was helpful for you and now I’m going to show you the absolutely most important part of all of this the eye, i got, all right guys are step, read, final step in this magical process that we have gone through together, i’m just at 3 after we put everything into work looking at before right, i’m so just open up an Excel sheet right I use Google Google Docs but obviously Excel works fine, as well, the first thing I do is go ahead and take the title right to this is just something that you can kind of, keep yourself so I destroy a 60 gallon trash, i also included the link, It makes it easier in the long-term to include the link just trust me on that when you get, you know 50 or a hundred different products in a spreadsheet, you want to have the link just to make sure that you can get back to the products you know, a week or month online so just trust me on that so 60 gallon trash bags Z car travel, these are all the different products do you looked at down to the globe are ballet barre, and now what you’re going to do and this is this is the secret got this is what everybody, it doesn’t know needs to know and I’m sharing with you guys because I just want everybody to gain the Financial Freedom, that I was lucky enough to get myself so, what we did right here is, one, rights of showing one here I click 10 plus, just like that so I’ll do it one more time so everybody can see, One, i took this is the default, quick one, 10 + 999, as a what this is showing us guys, is it the seller has a 635 of these available, so we Mark that down for today, change it back to one, and go on to the next one, brightness is a perfect is that a sign of this is a, absolutely perfect, activity for your virtual assistant to take care of if you do have one, right because obviously this is a bit tedious but trust me guys you do not want, 500 unit sitting in an FBA Warehouse you know accumulating storage fees when you could have just spent, $20 on a VA to do this for you for a week or just going to do it for yourself, trust me trust me trust me please if you’re going to trust you on anything just beyond doing this it will help you I promise, I’m so this one is the car so I don’t actually have to do it cuz it says it right here one in stock, this is a little bit boring but you know it is what it is, so this one’s actually, i’m in stock on February, v, but it has two available if I’m not sure why that Sean, morissette that one, so the premium La Cubana, as foreign stock it says it right here, so go onto we fidget, so we figured has 495 in stock, and I can tell some of the some of the start. They’re probably you know, kind of see where we’re going with this, today they have this much tomorrow they have, you know, state to last five last some amount last, so you know for sure and this is the only source of data that shows you exactly, How many products your competitors are actually selling.

On a daily basis, and you want if you want to make sure that you’re doing it for like 5 p.m. 3 at the absolute minimum but you really want to do it for 7 days, and let me tell you why, these these numbers can be skewed for a number of reasons, i’m for example if Amazon is Shifting inventory between some of their, fBA warehouses, you might see this number jump from 600 to $400 a my p700 the next day because, you know this this brand or this seller sent in 70 more units, rice you want to do it over a 7-Day. So that you’re pretty sure based on the pattern that you’re actually getting the data that you’re looking for, the next one is funny teddy, you are an a****** b**** oh my soul, 92 left, 92, safavieh, 16, you want to reset these cuz, sometimes you’ll get an error that says your car only has the additional space of, you know 500 units is it only that you have 999, units of all the combined products at once so there’s two left of the say word, and the last one, barre ballet workout bar, rest of your car has an additional space for 949, which means they probably have more than that but, let’s just make sure, i was just saying some other products that I’ve been looking at I don’t have her meet us all good, 954, my math is not good, what’s the, if I’m actually able to so this means that their Prime which means they’re in an FBA Warehouse, and they have a hundred and, they have over 950 units in stock, that either means that they’re absolutely insane, or it means that this product is selling and they they thought that it was you know based on their inventory forecast it was worth it., To send this many units to be sitting on Amazon warehouse alert, they either are crazy or it’s selling a lot, the one way to tell, you know which it is, whether they’re clinically insane or they’re just sending in a, you know a bunch of units is using a product called camelcamelcamel, is a ridiculous name, obviously, but it’s pretty useful, so let me show you why so what I just did there, is I copy and paste of the Ace in which is a unique identifier Amazon uses to track products, it usually says products and it has a send it normally touch, the bee and has a, send a text to decimal, am letters after it, so I just places that in here, and the product shows up, and then used car sales rank, I’m so what this does obviously Owosso yasso this this product launched on August, in August, right and so it was it was very deep in the catalogs of the BSR which is the best sellers rank, but right as it launched, you know it went pretty high up there, and you know these are periods where you know potentially they might have, what are the stock, or something like that but you can see, did it averaging about seven thousand, all the different, hundreds of thousands, products, i’m sold on Amazon right so this is, this is Andy, this is Sports and Outdoors this is number 52 in Sports and Outdoors is obviously a huge section, you know, you can be pretty darn sure, that this is selling, a great deal right so I like to see these numbers, just to be absolutely sure but if you kind of do the research you’re looking at the listing itself right it’s obviously pretty high, In a very.

Competitive, large category, nail 29000 in Sports and Outdoors has an entire category, 52, i’m in Sports and Outdoors during the cleaning set yet so it’s 52 out of, the home gym section, i’m so you can be pretty sure based on that camelcamelcamel average BSR charts, combined with its overall ranking in such a large category, so for these ones I just do not 9 plus, so I’m going to pause a video now and I’m going to start it up tomorrow and then we’re going to take a look at the numbers, and I go from there, alright guys so since I want to get this out quicker I’m just going to kind of go through some of these numbers and just, explain my thoughts on them, i just kind of go through it as a demo right over here the first one to 60 gallon trash bags, Original numbers that we looked at 6:35 right so, the next day it was at 6:30 so it’s old 5, 100 case of you’re looking at a minimum order quantity from, a manufacturer, i’m for this specific product would probably be pretty high cuz you know it’s a trash bag not like a, you know expensive humidor holder and that is holding a hundred scars or something like that, but you’re selling a hundred a case even if you have 5000 in your minimum order quantity and you’re selling five, set of 100 a day that’s 500 a day, you know and you get to that you get to that minimum order quantity in about 10 days, which is obviously, incredible, and if you’re ordering that many trash bags are going to get a price that is very good right so, 100 case 3285, I mean that’s crazy that’s like 30 of 33 cents a trash bag which I guess I don’t know much about trash bags, but, he’s definitely something that is worth looking into obviously because of this listing is absolute, trash as well, the next day it jumped at the 947 so don’t panic when you see stuff like this guy, all it means is that they probably just restocked, so there you know constantly sending in more inventory and, you know they don’t send in a thousand at a time, or are more because they don’t want to pay those long-term storage fees to hit you after 6 months, and if you have questions about that right I’m going to make more videos about long-term storage fees how to avoid it inventory forecasting things like, that I’m in a ton of info on all of these topics in our Facebook groups of definitely make sure you check that out, After the video, play 947 on a 900 ride so this is insane so if it’s selling 47 units a day, 100 pack, you know that’s, 4700 4700 trash bags a day, i’m in Seoul, you know you’re looking at another 55 minutes a day, i’m so this is definitely one to look at right so you might need a few more days of data, i’m you want to make sure that this wasn’t like, you know some type of fluke or maybe they’re doing a giveaway the kind of, yeah booster BSR maybe get some more reviews and things like that so, maybe a few more days of data here but it’s definitely one that is worth looking at so we’re going to we’re going to start this one, all right to the next one is the zika travel, so this one was the humidor, i’m just not a ton of data here I can start with one, And so you know it’s going down 0-0-0-0 so you definitely if you’re interested in this one on one.

You got to take a look, at a little bit more data once they do get back in stock, so does he kar98 15 Sol, i’m sorry that wrong, indyCar 815s, tutu tutu, writes out if this is the day that you’re looking at guys you maybe you maybe want to stay away from the spot, i tried to get him it’s selling 0 and 5 days. That’s not enough velocity to kind of make your time and everything that goes, choosing a successful product, worthwhile so if it’s too too too too you know if you love it may be tried for a few days more but, you know this is definitely one that we’re probably going to stay away from, go ahead and unbolt that, The premium La Cubana, also this one was looking at 4434 right so this might be returned, if it dropped down to three and then you know customer return maybe the stock sheets back up to 4, what time is Last Day we’re looking at 1 so maybe it’s sold 3 in this day and forever kind of a height, mexican item like this you know things that are over $100, you selling three a day you know it’s $300 if you’re making, even like a 40% profit margin on that $120 right so, in a short amount of time, and over here guys this is just no so I keep to myself, right so, you know I’ll show you guys it was a return some sales Maybe, need more info right because of the song three a day maybe when they restock and it’s kind of averaging that 3-day and then maybe it’s worth, person, So the next one is weed fidgets, this is that weird little, device that, you Spin and, it’s supposed to make you, happier with your life, that’s what selling look 5 5 a day six a day, 4, 7 rights of this looks great right, especially at this price point this thing cannot cost more than, you know $4 to make if you’re ordering it any type of quantity, and send me to look at obviously is the wefidget brand right so that they’re leading off with that maybe this is a popular brand, i would have to do more research into it, see if you know they maybe have a patent on these types of, things that you obviously see another seller right here, you know what this seems to be their thing obviously they don’t have very good ratings but, uno, you can use a jungle Scout, chrome extension to kind of look at a seller’s actual profile, And they’re doing pretty insane numbers to be honest, hobbyKids, laser outrageous, i I don’t know what these are to be honest I I can’t speak, more to it kind of live doing this for you guys but I would look more into this right because these types of you no stress relief., toys they’re super small and pretty interesting in my opinion or doing those types of insane numbers, rhinos are just estimates remember that it’s just an estimate on Jungle sound every other piece of software so you have to do this inventory, talking to actually be able to see it right, 775 a day at $50 per, dennis I mean that’s amazing, right because I can’t see each sale being, anything less than $20 profit per, price of Jordan 5 a day that’s $100 a day, prophet, for one product which is which is awesome right you know this nothing is nothing to scoff at all, So the next one funny teddy.

So we started 9282 rights of tenant day, you know he was 14 today, 28 in one day right, and 8 so I mean these numbers are something you always want to be thinking about you know what time of season is it, am I am I, selling a pair of mittens and is it winter in the United States you know you want to think about seasonality, you know there’s there’s more advanced methods that I talk about, i’m a lot in our Facebook group like using Google Trends Google inside to kind of get that type of data around, you know seasonality Trends things that you want to be definitely wary of so, during this type of monkey this is definitely something that you know I could see my, you know girlfriend getting me or, can somebody with a sense of humor, Or just like an a****** maybe my mom gets for me if she thinks I’m a soldier Bobby does, but yes I want to be cognizant of the fact that it is near Valentine’s Day so this could potentially be skewing, data I want to look at this again before kind of committing a things, maybe after Valentine’s day just to get a better idea of whether or not it is skewed or if that’s the numbers that it’s due, is there are a lot of anniversaries obviously, so it could be interesting but definitely want a little bit more data outside of the Valentine’s Day rush, so the next one is safavieh, storage bench, so it’s like pretty free, consistent one per day, price of this could be interesting, you know the hundred $64 I have to see how much each one costs, obviously I have to see what the fees are the Amazons charging, And things like that, i just as an aside guys so if you want to figure out, an estimate that’s very close they say it’s an estimate but it’s usually very close, how much that you’re going to be hit with Amazon fees, head over to the Fulfillment by Amazon Revenue calculator, so you can just go Amazon FBA price calculator in Google, i missed the first result, and then so all I did hear, was copy and paste the ace and we talked about earlier this is a unique identifier that Amazon uses to, kind of categorize products throw it in here, enteritis brings up the products, and then you just go all the way to the bottom, don’t fill out anyting, go to calculate, rights of the FBA fees on this $142, which is obviously a lot, a lot a lot, Right so, the charging 164 and so, if you take 142 out of that, right that’s that’s insane, that’s that only keeps $40 for your cost of goods sold your shipping, so you know right away, that’s out, right so, i don’t know what the deal is with this maybe the 8th, maybe there’s something, oh so this is yeah this isn’t eligible for Amazon Prime right so they’re not actually fulfilling this via the FBA Warehouse there, sending this out, via their own Warehouse if they don’t so there isn’t FBA fees involved, i’m so this is either way though you could never sell this in an FBA warehouse at this price and be profitable so definitely want to, countdown out, two more to go, elsa’s helpful, i want to go through a number so you guys can kind of see, everything, in a nutshell, write a two-to obviously they’re restocking here, And then down to one.

Brighten on here, but this is an interesting one right tickets for 590 or $550, you really only have to sell one because these are these are small I mean, let’s let’s throw this into the fee calculator, and see what we’re working with your silver 550, $11 fee., absolutely insane profit margin right, do you only need to sell one every three days, cuz you’re making you know, after, just just few hours you’re making $540 profit right and then even if your cost of goods sold for a four, four sets of light is 50 bucks which I assume it isn’t right and shipping someone else negligible because it’s small, it’s Electronics so that you could potentially be facing more returns, but I mean what that kind of profit margin doesn’t even really matter, what’s on right if you as long as you’re selling some, it’s definitely one to take a look at, So the last one, is the valley bar, wright’s au-999 Plus, espresso luckily it drop down, tonight’s NBA, 6 a day here zero here, and 7 so that’s pretty consistent right this is definitely good numbers, $149, is is great right like you want to you don’t want to shy away from these high ticket prices, you know cuz a lot of other sellers are put off by that, which is a good thing, you want other people to be scared by something because then there’s more there’s more of them for you, alright so it’s calculated on this last one so $19 that leaves a really healthy margin right so 150, $2 for the sale price $20 in fees 130, you know cost of goods sold shipping you can kind of, left Tomatoes after you talk to a few manufacturers you can, you know you shouldn’t have calculators or, find a a freight forwarder, And you know I have not have all my recommendations for the absolute best, customer service the cheapest Freight forwarders, you know all those things are in the Facebook group and I’m happy to share that, so yeah so that was that was methods one two and three and a really detailed step by step by step, all the software I use all the methods I use, i’m all the tips and tricks everything I’m looking for everything I’m trying to avoid and finally the I track method to just, make sure that you’re looking at this guy’s because it’s the most important it’s the only true source of data, so make sure you’re doing it, i know it’s tedious but I promise you it’ll be worth it when you’re, and you’re making sales and you know, 3-4 months down the line depending on whether you ship by sea or air can be much faster by air but obviously it’s more expensive, You know between two weeks and three months down the line when your, you know making your own income and you’re doing it all from your computer when your underwear you know chilling with your wife or husband or, i promise you it’s so worth it so just, do the little exersteps use the tricks that I shown you, and and really that’s that’s its you can once you want to see that those sales are being made everyday, then you know for sure, that your competitors are doing it and if they have bad pictures if they have bad copy if they have, you know if you thought of a clever way to bundle something or you or make it different in some, you know intelligent way that’s that’s it guys that’s all there is to it it’s really that simple, So for a lot of other like super advanced stuff regarding other marketplaces right so.

Tips and tricks, it’s a really different demographic target market, things are kind of just done differently on different marketplaces with it, trust me the absolutely should not be ignored, the UK Market is absolutely blooming, it’s growing a huge amount every year, i’m super lot more advanced stuff on how to how to pick your products in the UK, you know Germany at some other large markets that a lot of sellers ignore, make sure that you’re checking out to my other videos and absolutely make sure that you’re joining the Facebook group cuz there’s a bunch of, no really intelligent sellers in there that are, giving away all this amazing information so make sure you guys are checking it out, alright guys I know that was kind of a long one but I really wanted to show you every single step-by-step a budgie a pounding my product, Research and how you can do the exact same thing just by following these quick steps, and you can really feel confident that your very first product is going to be a homerun using these methods, so I hope you guys enjoyed it please check out my other videos definitely make sure you check out the Facebook group is amazing and fell in there, all the people are super helpful super friendly they’re going to teach you exactly what they know and everybody collaborates and it’s really beautiful thing, if you enjoyed it make sure you subscribe and we will see you guys next time.

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