Do you find yourself asking, “What are best products to sell on Amazon?” This is the struggle for many sellers out there. And as much as everyone wants to find out what to sell on Amazon, the answer isn’t so simple.
There are several factors that you need to know if you want to find those products. This includes things like:
- How much demand exists for a product
- What kind of competition there is
- How much profit you can make
- What kind of expenses you will incur to sell it
- Which marketplace offers the best overall profit and turnover opportunity
You have to consider all of these things when trying to find a profitable product to sell.
So, how do you find products that meet the above criteria?
Sure, you could manually search for all of this info. But that’s not a good idea. Instead, you need to rely on product research platforms like Algopix to help you find this data quickly and efficiently.
But first, you need to learn how to spot products that are worth your time.
Best Products to Sell on Amazon: Parameters You Need to Follow
Now, before you get too deep into searching for products, there are a few things you should keep in mind.
The best products to sell on Amazon in 2020 are those that meet the following criteria:
- Are shorter than 18 inches in length
- Weigh less than 5 lbs.
- Sell for $15-$100
- Have a profit margin of 20%-35%
- Provide an ROI of over 100%
Finding these products isn’t going to be easy. After all, everyone is searching for them. But products that meet these specifications are safer for you to sell.
Why? They are cheaper to ship, don’t cost as much when it comes to storage fees, and are less likely to break during shipping. When your products have great profit margins, you reduce your chances of losing money due to unforeseen circumstances.
The Perfect Product Doesn’t Exist – Stick with What You Know
What? You were expecting a list of ten items that will make you rich? Well, first there are no guarantees. In addition to research, timing, business savviness, marketing acumen, and a little luck also factor into the equation.
This is something you have to come to terms with. Every product has its own unique challenges. You’re going to see a lot of information, you’re going to try and find a product with the best metrics, and you’re going to become overwhelmed by all of that information.
Instead of trying to find the perfect product, stick with what you know. Don’t try and sell complex products you don’t know anything about. If you want to sell something, it pays to understand how it works so you can provide proper support when needed.
Figure out what categories you are an expert in and search for products within them. Dive deep into the niche pages; see what products are selling; check their reviews, and see if you can identify any weaknesses in product availability for anything that’s in demand.
When you find a few products of interest, search for them on Algopix, and see if they are worth considering.
Learn from Paid Ads
Amazon FBA is a popular program. You already know this.
But why not use that popularity to your advantage. If you are looking for product ideas, see what information you can gather from sponsored ads. Companies are spending money on sponsored ads, so the products they are pushing are likely in demand.
You can use sponsored ads to find the best products to sell on Amazon FBA, to see what products are popular, to identify who’s making money, and to get a better feel for what is trending.
Ask Yourself: Can I Make Money?
Even if you think a product is one of the best products to sell on Amazon, it isn’t worth anything if you can’t make a profit.
When analyzing a potential product, make sure that it can meet your revenue and profit thresholds. Algopix makes this easy by showing you your estimated profit, expenses, fees, and other information.
When you do your research right in advance, there’s little chance you should ever source products that will lose you money.
Is It Viable in Multiple Markets?
Everyone wants to sell in their home market. While this is sensible, it isn’t always the best choice!
Amazon has marketplaces in multiple countries throughout the world. Take advantage of this fact. What doesn’t sell on Amazon US may sell on Amazon UK or Amazon DE. Use your product research platform to see the market price and demand level a product has across the different Amazon marketplaces.
Seriously, there’s no reason why you shouldn’t be selling abroad.
Start Small, Grow Big
You can easily start your own eCommerce business through Amazon FBA. Amazon has made it incredibly easy for sellers to get started.
With the tips we’ve provided, you now know the basics and can make informed decisions when it comes to product sourcing. Remember, you need a product research tool to help you make the right choices. There’s a lot of data to consider, and you don’t have the time to gather it manually.
By leveraging the right product research platform, you’ll become a better seller by finding profitable in-demand products.
Now, get out there and start selling!