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Welcome To Episode #118 of the Amazon FBA Private Label Show Podcast!
In this episode I chat with Greg Mercer of Jungle Scout about creating a million dollar business on Amazon FBA.
Listen to this Amazon FBA Podcast!
[powerpress]Tips to Creating a Million Dollar Business on Amazon w/Greg Mercer of Jungle Scout - EP118
In this amazing podcast episode I have a great conversation with Greg Mercer of Jungle Scout where Greg gives amazing tips to help sellers build and create their Amazon business. As Greg and I discuss Amazon has changed a lot over the years but if you focus on the basics then you can set your self up for massive success. The key to growing and getting to the next level on Amazon is to simply keep launching and adding more quality products.PRODUCT SELECTION AND SOURCING
- Look for products that are in demand and can be improved to beat the competition
- Consider selling products that are a little higher priced than normal ( $17-$50 )
- Be cautious of selling products with a lot of moving parts or electronic items
- Find great suppliers by looking up the importing records of your top competitors
- Work to build a long term relationship with your supplier that is mutually beneficial
- Find multiple suppliers of a product to be able to effectively negotiate pricing
- When asking the supplier to customize the product explain your reasoning and give great details
- Build your own email list and audience that you can launch products to
- Run aggressive PPC during the launch phase along with giveaways to get ranked
- Use a tool like the Jungle Scout web app to determine your giveaway amount
- Gain reviews through follow up emails by using a service like Jumpsend
- Split test your main imagine to determine what is the best performing image
- Sellers should learn to do their own product research and keyword research
- Tasks such as product photography and listing creation should be outsourced
- Use a service such as Jungle Market to find pre-vetted freelancers for Amazon sellers
Not a member of the Facebook Mastermind group yet?
If you haven't yet watched my video "How To Find A Product To Sell In Minutes" then please do that as well.
RESOURCES MENTIONED IN THIS EPISODE:
For all other resources and tools that I use in my Amazon business please see the resources link.
Jungle Scout – An piece of software that allows you to quickly do product research on Amazon like a pro. Jungle Scout has saved me TONS of time when looking for new product ideas. It’s a MUST for anyone who is getting started in selling physical products on Amazon. I highly recommend Jungle Scout!
127 episodes available. A new episode about every 14 days averaging 27 mins duration .