The best way to double or triple your sales and profits is to simply double the number of products you are selling. It is hard to keep ranking a product up – and some markets are simply too competitive.
Even if you review all the numbers carefully before launch and do everything right – some products will be successful and some will flop.
The more products you launch – the more likely you will be to succeed in the long term.
In this article we cover the top 7 tips for adding new products to your Amazon marketplace.
Getting your documentation right is the first step in making sure your product is of a high quality and your order is delivered on time. In this article we will cover the top 7 items you need to include on your purchase order.
Branding your product is super important. What is the difference between a $500 Gucci T-Shirt and a $5 Walmart T-Shirt? The material is mostly the same – the main thing that differentiates the two products is the BRAND behind the product.
For your Amazon products you should be thinking long term and make products that customers want to recommend to their friends and buy more of.
Winning on Amazon over the long term is about providing the most value for the lowest cost possible. Amazon’s ranking algorithm promotes products with high review ratings and good feedback. You can’t just sell a product and hope to win. It has to be better quality then the customer is expecting to receive in order to get reviews and rank over the long term.
Good products get more good reviews leading to more sales and even more reviews. It is a positive cycle.
So how do you make sure you produce a good quality product?
The more people that see your product, the more you will sell. On Amazon the number of page views your product gets is called “Sessions”. Below we will cover the best way to get more people looking at your product page.
If your conversion rate is 10% and you double your page views from 1000 views a month to 2000 a month, you will go from selling 100 units a month to 200.
Tip 1 Markets
If you only have 100 sessions a month, even if you convert 100% that’s only 100 sales. So boosting sessions is one of the fastest and easiest ways to boost net profit and unit sales.