What Are the Best Products To Sell on Amazon?

What Products Can You Sell on Amazon?

Introduction to Sourcing Products

• The speaker addresses the confusion around selecting products to sell on Amazon, promising guidance on sourcing items effectively.

• Emphasizes that product creation and marketing are not necessary; there are over a million profitable products already available for sale.

• Highlights the importance of tapping into popular brands like Lego and Adidas, which can be sourced cheaply.

Categories for New Amazon Sellers

• The speaker introduces himself as Warner, sharing his journey from selling used books to generating nearly $5 million in sales on Amazon since 2018.

• He identifies clothing and shoes as his favorite category to sell, despite common advice against it due to competition.

Advantages of Selling Clothing and Shoes

• Personal interest in fashion helps identify good deals; prior knowledge aids in sourcing effectively.

• Many clothing brands do not offer wholesale options, making online arbitrage a viable strategy for sellers.

• Competition among various websites leads to better discounts and sales opportunities.

Manual Sourcing Process

• The speaker demonstrates how to find specific clothing brands with current promotions (e.g., a 30% off coupon).

• Introduces manual sourcing by using tools like Seller Amp Chrome extension to check product prices on Amazon.

Evaluating Product Viability

• Discusses assessing potential profit margins by comparing purchase prices with selling prices on Amazon.

• Mentions the importance of Best Sellers Rank (BSR), aiming for products ranked under 150,000 for better sales potential.

• Suggesting image search techniques via Google to locate unlisted products or verify listings.

Product Sourcing Strategies for Amazon Sellers

Analyzing Product Prices and Profit Margins

• The speaker discusses filtering products by color and size to identify items in stock, noting a price point of around $23 with a buying cost of approximately $10, indicating potential profitability.

• A specific product variant is highlighted with a 15K Best Seller Rank (BSR), suggesting it sells well. The speaker emphasizes the importance of finding products that can be purchased at lower prices to maximize profit margins.

• The use of Keepa is introduced as a tool to analyze historical pricing data, revealing consistent selling prices around $24, which supports the decision to purchase certain products for resale.

Sales Data Insights

• Monthly sales data from Seller Amp indicates that a specific variation sells about 200 times per month, while the overall listing has 1,500 monthly sales. This suggests strong demand for this particular item.

• The speaker advises leveraging research done by other sellers to find profitable products instead of solely relying on personal searches. This approach can save time and increase efficiency in sourcing.

Exploring Brand-Specific Products

• By filtering down to Puma-branded products using Seller Amp, the speaker identifies various items but notes challenges such as high competition from Amazon itself and low BSR numbers indicating poor sales performance.

• The discussion includes evaluating listings where Amazon competes directly; these often yield lower profits due to price drops initiated by Amazon's presence in the market.

Evaluating Potential Products

• The speaker highlights the importance of identifying previously successful products that have seen recent price drops due to increased competition or changes in market dynamics.

• A product priced at $10.50 is mentioned as potentially profitable if sourced correctly; however, availability in specific sizes must be confirmed before proceeding.

Sourcing Health and Vitamins Products

• Transitioning into health and vitamins categories, the speaker points out similar opportunities for discounts and promotions available through retailers like Walgreens and CVS.

Product Sourcing Strategies for Amazon Sellers

Exploring Product Categories

• The speaker discusses using Seller Ramp to identify products in different categories, noting that a 150 count item is priced at about $11 each with a 20% discount. However, purchasing it for $2 does not yield profitability.

• The potential of multi-pack listings is introduced, where sometimes buying multiple items can be more profitable than single purchases. An example of a three-pack is mentioned.

• A specific product's pricing strategy is analyzed: the three-pack costs $24 but yields only a 7% profit margin, indicating the need for better options.

Identifying Profitable Items

• The speaker shifts focus to another vitamin product and performs mental calculations to assess its profitability. A pack of five vitamins priced at $50 appears promising.

• Confirmation that the pack of five matches the desired product leads to further analysis on profitability based on discounts and offers.

• Emphasis on success with multi-packs or bundled products in categories like vitamins and groceries; these often present hidden opportunities overlooked by automated software.

Sourcing Techniques

• A general rule of thumb is established: look for complex listings rather than straightforward ones as they may reveal more lucrative products.

• The importance of thorough manual research over relying solely on automated tools is highlighted, suggesting that diligent sourcing can uncover valuable finds.

Expanding Product Knowledge

• The discussion transitions into exploring other grocery and supplement products available for sale on Amazon, encouraging filtering by category to discover new brands.

• Various brands are examined (e.g., Nature's Bounty, One A Day), showcasing how exploring storefronts can lead to discovering successful products even if sellers are unfamiliar with them.

Insights into Beauty Products

• The beauty category is introduced as beginner-friendly; ColourPop serves as an example of an auto-un-gated brand allowing easy entry for new sellers without extensive approval processes from Amazon.

Exploring Reverse Sourcing in Beauty Products

Understanding Reverse Sourcing

• The speaker emphasizes the value of reverse sourcing, especially for those unfamiliar with specific brands. It allows sellers to gain insights into products without prior knowledge.

Analyzing ColourPop Products

• The discussion shifts to ColourPop, highlighting nine profitable products found. The speaker suggests diving into storefronts of successful sellers to gather more information.

Evaluating Product Pricing

• A price analysis reveals that most items are around $4.50, with a maximum cost of $39. This helps establish a baseline for potential profitability.

Bundling Listings for Profitability

• The speaker discusses the benefits of bundling different products together, noting that such listings can be harder to find and may yield higher profits.

Exploring New Brands and Discounts

• When encountering an unfamiliar brand priced at $39 but selling for $55, the speaker suggests looking for discount codes to enhance profit margins.

Maximizing Profits Through Strategic Purchasing

Direct Brand Engagement

• The importance of contacting brands or distributors directly is highlighted as a strategy to acquire products profitably.

Utilizing Gift Cards for Savings

• The use of discounted gift cards from trusted websites is introduced as a method to save money while sourcing profitable items from retailers like Ulta.

Cash Back Opportunities

• Cashback services are recommended as another way to maximize savings when purchasing items online. Websites like Top Cash Back and Be Frugal are mentioned as useful tools.

Navigating Amazon Selling Approvals

Getting Approved to Sell Big Name Brands

• To get ungated and approved for selling big name brands on Amazon, sellers need to submit their online order confirmation along with tracking information after purchasing 10 units.

Shipping Products Efficiently

Free Trial for Amazon FBA Tools

Overview of Amazon FBA Tool Features

• The speaker introduces a free trial option for a tool designed to streamline the process of sending products into Amazon FBA.

• This tool offers analytics that track essential metrics such as revenue, fees, stock levels, and buy costs.

• It is highlighted as the fastest way to manage product shipments and financial tracking for an Amazon business.

• The speaker encourages viewers to ask questions or leave comments regarding the discussed topics in the comment section.