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Tips To Become Millionaire By Selling Amazon Products

You may have seen many young millennial entrepreneurs around you working in the field of the virtual market, who just started earning from few bucks to millions in a short span. How they are able to do so? This question may arise in minds of many folks; well we thought of helping you guys by sharing some useful tips that can help you to gear up your income by selling Amazon products.

The core thing for a successful business is how to launch your business that can help you to generate sales even at the start of the business. We will guide you about the way how to enter the field of the virtual market and how to boost your sales.

So, let’s have a look at some useful tips that can help you to improve your success probability.

1) Use analysis and research to find the right opportunities

When you visit Amazon you will see thousands of products and merchants and you might think it as a hard task to start your business as a small entrepreneur.  But not to worry, you still have a lot of opportunities if you can understand the market.

By understanding the market we mean you must know about what are selling Amazon products, which product has more competition and which product has more margins.

A little hard work is required for this as you have to analyze huge data of product research. After doing data analysis and aggregation, go for the products that are selling good and have little competition. The best thing is if the competitors have bad reviews, start checking their reviews and look for the things they are not doing well and try to figure out the solution of resolving them.

For this you can also take help from tools like Jungle Scout; that can perform all the data analysis and can easily help you in product identification.

2) Focus on 20/80% view

A lot of folks think of scaling their company as quickly as possible and for this, they have to keep on adding new products, but inappropriately they get stuck in little things that can only help them to add little sales to their buckets. So, for this, you can go for 20/80 views, which means an emphasis on the 20% actions that can help you to generate 80% sales, and go for the next product after this. By doing so, you will be able to get explosive progress from $5k/month to about $400k/month within a period of 24 months.

For this you must focus on these 4 things:

  • Opt for the right product
  • Get almost 10 honest reviews about your product
  • Make a perfect listing
  • Go for the Amazon’s pay-per-click platform

We thought that success and failure depend on product selection and research. Thousands of shoppers are searching on Amazon products every day; you just have to provide them what they are looking for. You can only do so when you have done enough research and data analysis of different products.

3) Go for simple, small products between $20-50 range

We prefer you to choose small, simple products between the ranges of $20 – $50, as you don’t have to worry about quality control that much and it also reduces shipping headache.

We preferred you to choose products between these ranges as products below $20 to want to give you that much profit and products above $50 are less purchased and are mostly overlooked by the customers.

4) Label products and make improvements

We recommend you not to go for inventing your own product, as it will take decades to do with its complications like certifications, engineers, patents and more. Better is to use the already manufactured product and stick your own label on it. As most of the big companies are also doing the same things, they just add their label to the product and sell it in the market.

But for the betterment, you can make small improvements in the product to stand out from the competitors. You can take ideas from the negative reviews on Amazon of that product and look what customer wants. Mostly, customers look for a detailed manual, different color, longer handle, sharp blades, etc. these are some small modifications that can be easily done.

5) Model successful products and sellers

You have to choose your product wisely as according to stats 8 out of 10 small businesses fail and a majority of them are because of the wrong selection of products and without doing an analysis of what actually people are looking for. Now with the betterment in the industry, you can choose tools like Jungle Scout to figure out the bulk of data and get an analytical report of the product with higher demand and less competition and try to model these products. The decision based on your analysis of your model product is more likely to get you more revenue.

I hope you guys find out these tips useful, follow these tips and be a successful e-commerce guru by selling Amazon products.

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Omer Riaz October 11, 2017 0 Comments

Capitalize on Fourth Quarter Holiday Shopping

Have you been sitting at your desk pondering the best way to maximize revenue flowing from your Shopify store during holiday shopping season?

Making the decision to embark on the journey of building a business is one to be commended. But watching that business flourish with exponential growth requires skill, diligence, and perhaps most importantly, vision, and foresight. Shopify has provided a tremendous platform that makes it possible for us to launch a business easier than ever, but there is still much “leg work” to be done.

While of course, making money is the motive for most, if not all, business owners; when to make the most money must be of high priority. People shop, and love to spend money throughout the year. But when do they spend the most money? Doing your homework, and planning ahead could open your eyes to great possibilities.

Why It’s Urgent to Plan in Ahead

The last quarter of the year is the holiday season, so it’s a very important time for consumers, and businesses. The last two months of the year are a particularly important time because of the many holidays, and it presents a great opportunity for you to hit your marks with all the splurging, as well as get rid of the surplus.

However, Capitalizing on the opportunity that the holiday season brings can be difficult. Maintaining the day-to-day operations, and constantly grinding to keep your business alive can be taxing, and that can lead to being unprepared for big events down the line. And you don’t want to be the business owner who misses out on the holiday shopping due to lack of planning.

When To Start Planning

As the saying goes, “better late than never, but never late is better.” Apply that to running a successful e-commerce business by knowing when to do your planning. For example, last year, 2016 do you know what period of the holiday season was peak time in shopping? If you’ve already started preparing for the holiday season this year, you would know that Google Trends shows that in 2016, November 23-26 was the peak time for shopping.

You could look at past years to accurately depict your current year outlook. Have you missed important shopping periods like this in the past? The only way to assure that you’re well prepared to capitalize is to plan accordingly.

Upcoming Holiday Shopping Schedule

As you now know, the last quarter of the year is a major one for your business. For you to take advantage of what the holiday season can mean for you, you must first gain an understanding of what days all of these holidays are on. Check out the 2017 fourth-quarter holiday schedule:

Other fourth quarter (non-official) holidays include:

Green Monday, December 12, 2017

Free Shipping Day December 15, 2017

Note that November and December are essential months for you, and shoppers.

 Top 10 Shopping Times & Top 5 Slowest Shopping Times

*Source: ShopperTrack

How to Prepare for the Holidays

Now that you know why it’s important to plan for the holiday season, let’s move on to how to prepare yourself, and your business. You must first create a holiday marketing plan, and there are a few components that go into a well-organized plan of attack.

Before you set out to execute your marketing campaign, you need to plan a few crucial parts. Here’s what you should accomplish to stay ahead of the market, and ready for the holiday splurge:

Plan

-Choose which holidays you want to capitalize on

First, you’ll need to narrow your focus, and wisely choose the best holiday that your business would be most competitive, and successful at. As previously noted, the last two months of the quarter are especially busy. Deciding to participate in all of the holidays in this window would be absolute chaos.

Strategically, make a wise business decision.

-Develop a Promotional Calendar

After choosing a holiday, start organizing things. The holiday season is extremely busy, so staying organized will only make your efforts that much easier, and can ensure your marketing success.

A promotional calendar enables you to visualize, and plan out the necessary steps you need to take to carry out your campaign. Your promotional calendar should include information such as:

  • When you start/stop ads on promotions
  • Days and times you will deploy emails
  • Days and times you will update your site

-Product Research

Knowing the specifics, and potential of the products you sell is essential. Doing your homework on the products that you could add to your holiday inventory could rake in major bucks.  Some of your product research should include:

  • What products are most appropriate for your store on holidays
  • What new items are currently trending
  • History of top-selling products

For example, for 2016, top-selling products included:

*Source: Business Insider

  • iPads
  • Samsung 4K TVs
  • Drones
  • Legos

-Your Shopify Store Must Be Optimized

Your store should be visible, and easily accessible for current, and especially potential customers during the holiday season. There are many stores with a digital presence. And more, and more people are shopping online during this peak time.

Therefore, you will need to be creative in getting exposure for your store. Use keywords that accurately describe what you offer, and make it easy for people to find you.

Let the virtual assistants for Shopify build and optimize store for maximum conversion. 

-Promote Your Store

Facebook Ads- A great way to target your audience with your promotional material in a relaxed, social environment. It takes barely any time to get your ads to go live on Facebook, and there is a bunch of training material available online.

-Instagram influencers

Yes, it’s the social media age, and you should take full advantage of it. Online Consumers love images, and Instagram is most known for its image shares, and uploads. Instagram Influencers are bonafide Instagram users with the most followers who will promote your product for you, reaching millions of people.

-Build Email Lists and Follow Them Up

Your email campaigning is important.  If you have experience in this area, you understand how much planning it takes when preparing your emails. You’ll want to strategically plan your emails in advance, and according to your promotional calendar. If you gain leads via email marketing, be sure to follow up with your potential client.

Click here to schedule a FREE CONSULTATION CALL for Email marketing for your store

Virtual Assistant

Acquiring virtual assistant services allows focussing primarily on the day-to-day operations of running your store. Once your business takes off, and the inquiries start rolling in nonstop, accomplishing everything we previously discussed can become a daunting task. Our Virtual Assistant Services will accomplish the goals you set forth in getting your Shopify store prepared for a major holiday season.

Conclusion

The marketing of your store should be just as important as the launch of your business. Little to no one has built a fruitful business entirely by themselves without the help of even one other person. Marketing your business requires professional assistance. Our virtual assistant services will have you well on your way to financial success. The fourth, and last quarter is a very important time of year for you. The stats don’t lie. More, and more people are shopping via e-commerce, and spending boatloads of money during November, and December especially. Let’s tap into that.

 Click Here to book an appointment

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Omer Riaz October 11, 2017 0 Comments