Are you searching for the right items to make sales on Amazon FBA market? How To Find Items to Sell on Amazon FBA can be a difficult task. When it has to do with selling any physical products online like on Amazon, the choice of items is very important to have in mind.
However, the weight and also the size of the items should be considered since it is the main factor that determines your shipping costs. Also, the inventory and warehousing cost is another factor too. Your online business growth is basically determined by the above-mentioned factors and contribute to your business growth and operation. Therefore, quality time is needed to make proper research on items selections to be listed in Amazon FBAmarket.
What Are the Best Product to sell on Amazon FBA?
First, the best items are those ones that serve a purpose, those that are functional, and are different from the o e in high competition and give good value. Also, items that proffer solutions to daily problems are always in high demand. Moreover, if you are in search of the right items to sell in Amazon FBA, do not go for items deals with general need but rather get those items and product that serves a specific purpose. The product that has been made to provide needs and both the emotional and wants of the potential customers. These items are known as niche products.
General product categories range from cutlery kitchen items and sport accessories which have plenty of competitors already. If you get down to items with specific needs the demand will reduce but less competition, products like reusable food wrap, gourmet car air fresheners, and eco-friendly shoe insoles.
“A niche us tightly defined market segment that has a similar trait in common… whether it is a common Interest, location, demographics, or problem, this group of people shares one commodity that allows them to be readily identified as a unique sub-section of a market. “
When getting niche products must have outstanding features that will bring your items out among others.
Factors to consider when you are about to sell
It is very vital to consider some factors that will enhance your business success. Not all items are ideal, but when you set out some basic rules before you commenced your business and stick to these rules will enable your choice of buying stocks.
Here are the top factors to consider after you have set your rules. Ensure that these rules are in tandem with your goals and strategy, this will affect your decision-making process and guides you too.
Product in Demand
Check out the products that are in high demand this means that the size of the niche is worth the competition. Check out the sales per month for similar products. Find out if there are at least 2000 sales a month by the top ten sellers of the product. All this determines your adds to your shortlist. Here is a list to use in gauging products demand:
- AMZ Scout sakes estimator.
- Jungle Scout sales estimator.
- Seller App sales estimator.
Price of A Product
When it comes to selling price on Amazon the price must range from $20-100. The reason is that, when products are less than $20, the fee will consume much of your margins. Buying from a new brand in the market, which people have not tested their durability is very difficult, so giving out a big amount will not be easy. Convincing people to get large ticket items from a new brand.
Shipping and transport
Items that are large attract surplus FBA handling fees. Therefore, you must not go for big items because it affects hour profit margins. A small and lightweight product that can be put into a box will cost less shipping costs. Go for durable and simple items that are not oversize. Also, avoid fragile items.
Sources
Amazon has three main types of sellers; private labelers, resellers and those conducting retail arbitrage. Sourcing strategy for each type of seller varies:
Private labelers: One of the most common sources of suppliers for private labelers us Alibaba. They find niche opportunities then add their own brand to the existing items or augment in any way that clients are making a demand.
Resellers: Just like our traditional retail shops, this set of retailers get goods directly from the manufacturers and suppliers in bulk at wholesale prices and sell them on Amazon at retail prices. This retailer simply contacts the suppliers and demand to be a stockist of their products. Most brands prefer to go through to consumers directly through Amazon.
Retail Arbitrage involves getting on items through liquidation and clearance sales. For example, Target and Walmart, and other websites for deals on existing products, then resell the items via FBA for a profit.
Consistent in Sales
When researching for best items to Sell On Amazon FBA, always have it in mind that the more consistent the sales are, it makes it easier for you to make a profit and run a stable business. This will enhance your inventory control and reduces costs. For example, selling seasonal items like Christmas lights and trees When the season is over brings the challenge of keeping to sales and the stress of clearing out leftover stock is a bigger challenge so such items or products should be avoided.
Competition
Check out current reviews on any items, do the current top sellers have less than 100 reviews? Then check if your items have to be able to identified benefits against the others in the marketplace. Thus are great ways to check the competition. Another great pattern to identify a product opportunity is to scan through the customer reviews for the best ranking items in any given keyword and niche. If you discover that a lot of people are leaving negative feedback on particular issues like changes, or problem with the items. It is then an opportunity to make improvements to the existing products on the market (private labelers). If there are any unique issues that different buyers are mentioning that use this as an advantage.
High-Profit Margin per Unit
Making sales on Amazon FBA, the sale price of your items will need to cover the following;
- FBA fees
- Amazon selling fees
- Cost of buying inventory
- Shipping into FBA
- Quality inspection and preparation costs
- Development costs if you’re setting up a private label product
- A margin of safety for unexpected costs.
The odd items
Here, you gave to search for unusual items that are not sold through traditional stores. Try to avoid items with the category that are dominated by big brands.
Additionally, finding items to Sell on Amazon, you can use Barcode scanning apps available that enable you to determine if any particular product can be profitable to sell through FBA.