Amazon product research can be a bit like a jungle if you don’t have a map. There are hidden gems everywhere if only you know where to search. But, this chaos, if mastered, can open up a wealth of opportunity.
Let’s go straight to the point. Amazon is the biggest marketplace on earth, a virtual bazaar full of products of all sizes and shapes. You’ll need the best tools to navigate this chaos and an eye for trends. Here’s how.
Start with the top sellers. Look over the fences and see what others are growing. These lists update hourly, and they provide valuable insights. Look beyond the charts. Scroll down further to observe the rising stars. The next big thing could be them!
Keywords. Oh, yes. This is the backbone of Amazon research. You can use keywords as a compass to guide you through this thicket. Jungle Scout, Helium 10 and other tools become indispensable. They can help you sort through mountains and mountains of data in order to identify the key words or phrases that consumers are searching for. Once you get it, having it is like possessing a secret code for the treasure vault.
You’ve probably heard that “the Devil is in the Details”? Keep an eye on the Q&A and product reviews. These sections are like reading your customers’ minds. They will give you honest feedback on what’s going well, what’s failing, and where there are gaps. Your cue is when customers complain. You may be able offer a unique solution that others have overlooked.
Let’s talk niches. Although it may be tempting to broaden your reach, niches will allow you to really shine. Imagine being a giant fish in a little pond. Focus your efforts on niches with loyal followers rather than competing for a market that is saturated. Use tools to identify niches with high demand and low competition.
It’s real: Analysis paralysis. Too much data can be overwhelming. Choose products that meet your criteria. Look for high-demand items, those with low competition, or items with decent profit margins. You can use 2-3 key points of data to guide you in your decision-making. It is a great way to reduce noise and gain clarity.
Price is a jungle gym. When you raise the price too much, you drive away customers. Too low and you make peanuts. Analyze your competition, know what you cost, and then find the sweet-spot. Sometimes, a slight tweak such as offering better shipping choices or an extra feature can justify a slightly higher price.
Do not forget seasonality. Not every product is a hit all year round. Google Trends is a great tool for tracking trends. Or, you can use the seasonality graph that comes with your keyword research software. If you want to launch products that will be popular around the holidays, or during summer, then it is important to plan your timing.
Remember: Flexibility is important. Amazon is a dynamic landscape. Stay ahead of the curve by learning and adapting your strategies. Attend webinars or tutorials. Join forums. You can sharpen your hunting abilities by learning more.
Invest the time to create an irresistible listing. Images of high quality, product descriptions that are compelling, and keywords optimized for your site can be your best friend. They talk for you even when you aren’t there. Then again, they could convince a buyer to click that “Buy Now!” button.
Here’s the little secret: Leverage the power and influence of social proof. Get early reviews. Encourage feedback. If you have reviews for your product, it’s more credible than one that doesn’t.
Amazon is a jungle that’s dense and complicated. The right tools, some intuition and persistence will allow you to uncover some hidden gems. You shouldn’t be daunted by chaos. Don’t be afraid to dive in.