Wednesday, April 17, 2024

Five New Product Ideas for Amazon FBA in 2024

📦 5 Profitable Products to Sell on Amazon Right Now

Are you looking for a reliable way to make money on Amazon? Look no further than the business model called Fulfillment by Amazon (FBA). With FBA, you can buy products from overseas, ship them directly to an Amazon warehouse from your seller account, and list the products. As they make sales, Amazon ships them out to the customer. In this article, we’ll show you how to use a software called AMZ Scout to find profitable products to sell on Amazon.

🕵️‍♂️ How to Use AMZ Scout to Find Profitable Products

AMZ Scout is a product research software that helps you find potential products to sell on Amazon. It shows you how many sales a month certain product categories are making, how much competition there is, and how likely you are to succeed in different niches on Amazon.

To find profitable products using AMZ Scout, follow these steps:

1. Take the main keyword from a product’s title and paste it into the Amazon search bar.

2. Use the AMZ Scout Chrome extension to see the estimated sales, revenue, and reviews for each product.

3. Look for products with high sales and low reviews to find a niche that isn’t already saturated.

4. Use the filters in the product database to narrow down your search and find higher ticket products that can make you more profit per sale.

🎒 Diaper Bag Backpack

One unique product that we found using AMZ Scout is a diaper bag backpack. This product has 50 sales in the last month and only a 2.5-star rating. While this may seem like a red flag, it’s important to read the negative reviews and see what you can do to improve on the product.

To find a better backpack, we can use keyword research methods to find all the top competitor keywords. We can also look for clues in the Amazon search bar to see what customers are really looking for. For example, customers may be looking for a waterproof backpack made out of leather.

🍄 Mushroom Lamp

Another profitable product we found using AMZ Scout is a mushroom lamp. This product has a low visibility score, which means that only a small amount of sellers have found this niche. This makes it a great opportunity to make a successful business and significant profit.

To find a good mushroom lamp to sell, we can take the main keyword and run the Chrome extension to see the estimated sales, revenue, and reviews. We want to find a product where most people on page one have under 100 or 200 reviews. This indicates that the niche isn’t already saturated.

🚀 Web Shooter Toy

A third profitable product we found using AMZ Scout is a web shooter toy. This product has low reviews and high sales, making it a great opportunity to make a significant profit.

To find a good web shooter toy to sell, we can use the same process as before. We take the main keyword and run the Chrome extension to see the estimated sales, revenue, and reviews. We want to find a product where most people on page one have under 100 or 200 reviews.

💡 Neon Sign

A fourth profitable product we found using AMZ Scout is a neon sign. This product has a low visibility score, which means that only a small amount of sellers have found this niche. This makes it a great opportunity to make a successful business and significant profit.

To find a good neon sign to sell, we can take the main keyword and run the Chrome extension to see the estimated sales, revenue, and reviews. We want to find a product where most people on page one have under 100 or 200 reviews.

🐶 Back Seat Extender for Dogs

A fifth profitable product we found using AMZ Scout is a back seat extender for dogs. This product has low reviews and high sales, making it a great opportunity to make a significant profit.

To find a good back seat extender for dogs to sell, we can use the same process as before. We take the main keyword and run the Chrome extension to see the estimated sales, revenue, and reviews. We want to find a product where most people on page one have under 100 or 200 reviews.

🤔 Pros and Cons

While selling on Amazon can be a great way to make money, there are also some pros and cons to consider.

Pros

– Amazon has a huge customer base, which means you have access to a large market.

– FBA takes care of shipping and handling, which saves you time and money.

– You can start selling with a small investment and scale up as you make more profit.

Cons

– There is a lot of competition on Amazon, which can make it difficult to stand out.

– Amazon takes a percentage of your sales, which can eat into your profits.

– You need to stay on top of your inventory and make sure you have enough stock to meet demand.

🔍 FAQ

Q: How much does it cost to sell on Amazon?

A: Amazon charges a referral fee and a variable closing fee for each item sold. The referral fee is a percentage of the sale price, while the closing fee is a fixed amount per item.

Q: How do I get started selling on Amazon?

A: To get started selling on Amazon, you need to create a seller account and list your products. You can then use FBA to handle shipping and handling.

Q: How do I find profitable products to sell on Amazon?

A: You can use a product research software like AMZ Scout to find profitable products. Look for products with high sales and low reviews to find a niche that isn’t already saturated.

📝 Highlights

– Use AMZ Scout to find profitable products to sell on Amazon.

– Look for products with high sales and low reviews to find a niche that isn’t already saturated.

– Consider the pros and cons of selling on Amazon before getting started.

🌐 Resources

– AMZ Scout: https://www.amzscout.net/

– Amazon Seller Central: https://sellercentral.amazon.com/

– Amazon Referral Fees: https://www.amazon.com/gp/help/customer/display.html?nodeId=1161240

Start your journey to making money on Amazon today!