Learn How to Do Amazon Product Research 10x Faster!
Product research can be overwhelming, especially for those who are new to Amazon FBA. Amazon product research should be done to ensure that you have the right product and the right return on investment (ROI) needed to actually make money. Another thing that Amazon FBA product research can do is give you insight into the market to see what you need to do to stand out among your competitors. Here is a video
that Nine University
made about how to quickly conduct Amazon product research. Keep reading to learn more.
Use the Right Tools
When conducting product research, you will need to make sure that you are using the right tools for the job. There are plenty of product research programs out there, but one of them stands above the rest. Project Nine University
developed a program called Boost Nine. It is a super easy program to use and has a lot of great features.
Conducting the Research
The first thing that you will need to do is search for a keyword (product) that you feel might be a good fit for you in the Amazon search bar. After the results are shown, click on Boost Nine. This will open a small window on the bottom of your screen.
You will see two numbers appear in the Boost Nine window. The first of these numbers refers to how many of the top ten of this product are making a revenue of over $5,000. The second of these numbers refers to how many of the top ten of this product have fewer than 75 reviews.
The Seven and Seven Rule
When you research your potential products, the best score (as explained above) sits at seven and seven. In other words, seven out of the top ten products should be generating a revenue of over $5,000 and seven out of the top ten products should have fewer than 75 reviews.
The reasoning is simple: the first “seven” shows that there are plenty of products that are generating a lot of revenue, but that there is still room in the market for competition. The second “seven” reiterates that the competition that you will face is not too great. With fewer reviews floating around out there for competitors’ products, you will be more likely to generate reviews for your product.
Products to Steer Clear of
Below is a list of products that you should stay away from at first and why:
• Heavy Products: Shipping costs can be too high.
• Electronics: Liability for problems can be tricky.
• Restricted Products: Due to COVID-19, Amazon has put restrictions on related products. We recommend avoiding those.
• Branded Products: You cannot sell name brand products like Nike, etc.
• Seasonal Products: Selling items such as Christmas decorations will not sustain your business year-round.
• Items with a low selling point: It is hard to sell enough items with a super-low selling point.
• Patented Products: Amazon will not allow the sale of previously patented items.
• Breakables: For obvious reasons, avoid investing in items that do not ship well.
There is still a lot to learn about product research. If you want to learn more, click the video link above and check out Project Nine University
. They have learned everything that there is to know about Amazon FBA and are excited to share that information with people just like you. If you want to start an Amazon FBA business to make passive income from home, start with Project Nine University. They have an awesome support community and can help you quit the nine-to-five to chase bigger dreams. You will be glad you partnered with Project Nine University.