How to pick a product to sell on Amazon if you want to profit: Expert

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Finance Finance Headlines News

An e-commerce expert says the 2 biggest mistakes Amazon sellers make are related to product selection — and shares 4 keys to picking a product that will help you get to profit as fast as possible

Start with something that has a proven track record, says e-commerce expert Tyler Walter.Building a sustainable and profitable e-commerce business all begins with a product."There are two big mistakes that new sellers make," Tyler Walter, co-founder of product sourcing companyThe first is,"spending too much time and effort trying to customize and create a unique product before there's been any testing in the market that this product actually works," he said.

For example, if you're interested in selling sports bras, start by looking at what's selling well. You can do this by searching for the product on Amazon and looking for the brands with tens of thousands of reviews. You can also use Instagram, he noted, and look for women's athleisure brands that have hundreds of thousands of followers.

Ultimately,"your goal is to get to profit as fast as possible," said Walter."If you're customizing a product that is totally new and unique, that requires tons of money and time just to get that product ready to go to market — and then you might go to market and find out that it doesn't even sell."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Overworked and underpaid: I decided to quiet quit my new jobI was overworked, underpaid, and miserable at my last job, so I 'quiet quit' my new job. I refuse to be taken advantage of again.
Source: BusinessInsider - 🏆 729. / 51 Read more »

I turned a 150-year-old funeral home into a mansion for my familyI turned a 150-year-old funeral home into a mansion for my family. We have 38 rooms, a casket bar, and sometimes we hear footsteps or doors opening.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Goldman Sachs VP Galey Alix became a HGTV reality TV starAlix overcame an eating disorder and a tumultuous breakup with her fiancé to become a home-renovation star. Now she's poised for the big time.
Source: BusinessInsider - 🏆 729. / 51 Read more »

8 surprisingly high-paying professions, from Trader Joe's captain to bingo managerInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Top media and Hollywood private equity firms for 202317 private equity players making big bets on Hollywood, even as economic uncertainty and strikes roil the entertainment business
Source: BusinessInsider - 🏆 729. / 51 Read more »

The 50 weirdest things you can buy on SheinInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »