Your creative ability and the probability of finding new products are not related at all. If you consider yourself a non-creative person, you no longer have any excuses to launch your own products on Amazon.
Contents
1 How I find new products on Amazon
2 What an Amazon expert would tell you
3 The path that combines emotion with data
The process I follow is not necessarily the most suitable for you. About three or four years ago I had this dream of launching my own brand related to the world of collectible toys. In my head I was aware that it might not be such a good idea because in the end it is a niche and the “Amazon experts” do not recommend you act this way.
In the end, in my case, those who say “follow your passion” were somewhat right. I am not 100% in agreement with this either, because doing that can be very bad advice for many people.
In my case, or rather in austria phone number library our case, “following our passion” has led us to find a type of product within our niche that has a volume of 10 million euros per year if I add up all the European markets and all the product sales that there are on Amazon right now. That is the reason why we are going to bet on this product.
What an Amazon expert would tell you
An Amazon expert would tell you to analyze the market with data. There is a somewhat random search process where you staying in umbria: hotel or farmhouse? start from one topic and jump to the next to find surprising products that may be interesting in terms of what it invoices. You can find out the invoice data with tools such as Junglescout or Helium10.
You can replace the creative part by copying and improving something that already exists. That obviously also reduces your risk ao lists of failure. If you are rational enough to act in this way by launching products that do not excite you, then this is your path.
The path that combines emotion with data
That is our path, I would say. I have tried more or less but I don’t want to launch products just because they make good money and offer an opportunity according to all the indicators you can analyze. In the end money isn’t everything and I do this to enjoy it. Life is too short to be guided purely by economics.
We started by identifying a need in our market with a protector where we knew there was demand, although small, and that could be a starting point to begin to establish ourselves as a brand in the world of collectible toys.
Once again, getting deep into the world of Pokémon “just because” has led us to find profitable products. It has not been a rational process but the emotional part has led us to the products that have brightened our days this Christmas.
How I find new products on Amazon
It is now that we are at this point where we are carrying out a market study purely based on data to decide our next steps. I think that in many niches that at first glance are not so profitable, unexpected opportunities can open up, as has been our case. It has been finding a product in November of this year that alone makes more money than all the other 20 in total.
Do I recommend our path to you? Not at all, because it was ours. Without a doubt, the one with the least risk is the rational one, which is based purely on data. Consequently, being creative and finding products to sell on Amazon have nothing to do with each other. Although I think I’ve already said it. 2024 will be fun.