In the video, the speaker discusses three potential products for Amazon sellers. They start by mentioning the success of a beginner crochet kit for adults, emphasizing the importance of data-driven product selection over personal biases. They then explore three new product ideas:
Product 1 – Innovative Product (Desk Water Dispenser):
– They introduce the idea of a desk water dispenser, a unique and relatively new product.
– The product is USB-powered and suitable for placing on a desk or table.
– The data shows low competition, with an increase in search volume in 2023.
– The average monthly unit sold and monthly search volume do not meet the standard criteria but are deemed acceptable due to the product’s innovation.
– They suggest a need to lower the product price due to sponsored listings inflating the average.
Product 2 – Recession-Proof Product (Fridge Calendar):
– They discuss fridge calendars, mentioning two main types: acrylic and plastic/vinyl.
– The data reveals high demand, with over 16,000 monthly searches and 3,000 average monthly units sold.
– Competition is medium, but they emphasize that the wholesale business model can work.
– The historical search volume shows a stable and increasing trend over the past year and a half.
– They present a supplier option for an acrylic version with competitive pricing.
Product 3 – Low Demand Product (Silicone Baby Feeding Set):
– They introduce silicone baby feeding sets as a low-competition product.
– The product includes silicone bibs, bowls, forks, and spoons.
– The data reveals potential with over 2,000 average monthly units sold and almost 10,000 monthly searches.
– Competition is low, and the historical search volume indicates a recent increase in demand.
– Two supplier options are presented, one with a lower cost for a standard design and another with a unique bear design at a higher cost.
– The net profit margins for both options are discussed, with the unique bear design expected to drive more sales despite a lower margin.
Overall, the speaker emphasizes the importance of thorough research and data analysis when selecting products for selling on Amazon, and they provide insights into potential product opportunities.
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Hello nice to see you again you are very helpful person I know I appreciate your help and I finally have stored my product in Amazon and start selling but I stuck no one’s buying and Amazon takes a lot of money than me any idea you have please tell me what to do ?