Many Amazon sellers will ask: " how do you know that my selected product can be sold?" ？ I am afraid that no one will buy it. " there are many new sellers who worry that they can't sell the goods they buy, so how to choose the right thing? It is not easy to make wise purchasing decisions from recent reports of foreign media, . here are a few suggestions for the selection:
Understand the category you can sell
Before purchasing inventory, know what you can sell in Amazon. Amazon has restrictions on the sales category of new sellers, and with business development, the category will gradually increase.
Many products can be sold on Amazon's first day, here we offer three quick, easy – to – use, and good feedback from sellers categories,they are Home and Kitchen, Patio, Lawn and Garden, and Toys and Games.
There are thousands of products in these categories, such as gloves, plumbing, board games, dolls, and so on, which can be purchased in shops or online.
If your sales authority is further open, you can expand the category to sell beauty products, groceries, health care and personal care products.
If you have an Amazon seller app on your phone, you can immediately know what you can sell, and it's bound to the seller's account, and app will remind you if the product is not available.
There is also a situation need to pay attention. If the product is published under two categories, you need to know if you can sell under these two categories. For example, costume party clothing is published in toys category and clothing items category, first you need to ensure that both categories you have permission to sell,then look at the ranking and the profit to determine which product is the best.
There are also brands that prohibit third party sellers from selling, such as norelco, Gillette, and so on. So please pay attention to these brands that cannot be sold.
Looking at Amazon's best – seller products
After familiar with the category, you also need to know the frequency of sales you want to sell. The faster the sale, the frequent reinvestment, the rapid development of business.
Amazon Best Seller Ranking allows you to understand how often the product is sold. The higher the rank, the more people buy.
There are also some differences in the popular list of different categories, for example, the rank 30000 of toys is not the same as the rank 30000 of baby products, because more toys are sold than baby products.
The Keepa and CamelCamelCamel allow you to understand the historical rankings and performance of products, which provide product ranking charts and BuyBox prices.
Profit and return on investment are also important
In addition to category and rank, you have to consider other factors, including profit and return on investment, which are the factors to be taken into account when purchasing your goods. Here is a simple and crude " 3x rule" for reference: the sales price is three times the purchase price, for example, you buy goods for $ 10, and the sales price is set at $ 30.
With $ 10 in purchase costs and $ 10 in Amazon operating costs, your profit is $ 10. Using the " three times rule ", you can reap 100 % return on investment, an ideal condition, but return on investment to at least 50 %.
The last suggestion suits for both old and new sellers , that is, don't be too deep. Try to buy some commodities for trial sale at first, don't do bulking purchasing even with increasing experience, you need to be temperate.