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Amazon FBA Product Research Guide 2021

Millions of active users use Amazon as a portal to find and sell products to customers worldwide. However, it can be very challenging for new Amazon sellers to select suitable products to sell on Amazon. Every well-established Amazon seller has gone through the problem of choosing a bankable product. To make a huge profit as an Amazon seller, you need to carry out a proper market evaluation. It becomes crucial for Amazon sellers to perform Amazon FBA product research before diving into it. Things to Consider before doing Amazon Product Research: Niche selection Brand restriction Competition Selling fees Profit margin calculation Why Amazon Product Research is Important for Amazon Sellers? If you are an Amazon seller, Amazon Product Research will help you select the best product to sell on Amazon and help identify the pain points of your customers. It will also help track customers and improve product descriptions. Now, what do we mean by “best product”? Well, the best product should be something that generates high sales with a huge profit margin. The product should also get positive reviews from customers consistently. You can conduct your research either manually or by using a range of automated tools. Start Your Amazon Product Research with Amazon Best-Sellers Page Amazon portal is an excellent source for product research. You can carry out product research manually by checking Amazon’s Best–Sellers Page. The Amazon Best-Sellers page displays items that generate the highest sale in each category and subcategory.  Don’t Forget To Scout for Potential Customers Amazon’s Best Sellers page helps to spy on potential competitors by giving access to their product listings externally. If you understand how ASIN optimization works, have a look at their website if they have one. Look at their ratings, reviews, and product descriptions, to get an insight into their best-selling product. This process might require manual intervention but it does allow sellers to be more involved in the current rankings on the Amazon marketplace especially if you’re aiming for a place on the bestseller page. Automation is the quickest way to conduct product research You can conduct your Amazon Product Research automatically using automated tools. Some of the best-automated tools for Amazon Product research are Jungle Scout, Unicorn Smasher, AMA One or AMZ Tracker, Keyword Inspector, and Amachete. These tools don’t need manual effort and are the quickest, if you’re at a loss of time, and don’t have virtual assistance. Don’t forget the “Customer’s Also Bought” Section The “Customer’s Also Bought” section appears on the Amazon page whenever a customer checks out their items from the cart. This section displays the lists of products that other buyers consider while purchasing the previous item. You can also focus on the Sponsored Products and Frequently Bought section for better insight. Checklist For Product Research: Identify your customers Determine your customer’s needs Select the right product category Identify your customers Keep the right pricing for your products Some exceptional ways to generate a product idea: Amazon’s Best-Sellers list Amazon Basics Amazon Storefront Amazon’s Movers and Shakers Amazon’s Customers Also Bought section Amazon’s Sponsored Products Amazon’s Frequently Bought Together section Search for products on Pinterest Explore Shopify Stores Ebay’s Trending List Don’t Commit These Mistakes in your Product Research At Any Cost! Selecting a very small niche It’s important to select a niche that generates high sales and has a good profit margin. So, choose an active market wisely to sell your products. Don’t select products where profits are uncertain. Low pricing of products Don’t set up your products for an extremely low price by seeing your competitor’s prices. Doing so will deliberately destroy your income. Your pricing decision should be different from your customers. Selling Private Label products Don’t select an undifferentiated product to sell on Amazon. You can’t sell private label products like BBQ globes, Yoga mats, and Silicon Wedding rings.  Not calculating the profit margins New Amazon sellers commit this mistake. Newbies underestimate the impression of Amazon’s fee on the products they want to sell. It is vital to use a proper FBA calculator to calculate profit margins. Not improving the product If you find that your competitors have a lot of negative reviews and bad ratings for the products of your niche and you still can’t improve on that, you are committing a huge mistake.

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How To Prepare Your Products For FBA Shipment

Fulfilment by Amazon (FBA) is a great way of outsourcing all your backend operations to Amazon. Amazon does all the warehousing, fulfilling, shipping and customer service, leaving you with enough time to spend on marketing and promotional activities. FBA simplifies business operations in many ways, however, it is not easy to prepare your products for an FBA shipment. Let us take a detailed look at how to prepare for the Amazon warehouse. 1. Convert to FBA If you are already on Fulfillment by Merchant (FBM), you need to change it to Fulfillment by Amazon in Seller Central. For this, go to “Inventory” and “Manage Inventory”. In the “Actions,” drop-down menu, select “Change to Fulfillment by Amazon”. Note – You need not necessarily include all the SKUs in FBA. You can choose to have some in FBA and others in FBM as per your convenience and logistics requirements. 2. Choosing Your Preferences Right Once the products are set to FBA in “Manage Inventory”, you need to set your preferences – either FBA Prep Service or the Stickerless Commingled Inventory. FBA Prep Service – This will be the best choice if you don’t have the manpower to prep and label your products on your own. Of course, Amazon will take a small fee per unit prepared. But it will free up a lot of time on manual work which you can alternatively spend on ranking your products better. Stickerless Commingled Inventory – Opt for this if you are fine with inventory mixing with the goods of other sellers who sell the same product. This is not an option for Private Label sellers. The only advantage of this option is to spread out inventory across different warehouses to enable faster picking and shipping of your products from the closest fulfilment centre to the customer. 3. Creating a Shipping Plan The next step is to create a shipping plan for items that you are planning to send to Amazon’s warehouse for this particular shipment. The shipping plan asks for the “Ship from” address – the address from where you will be sending your goods to the warehouse. It also asks for the packing type. There are two options for the packing type: individual products and case-packed products. Case packed is to be chosen if you are selling a bulk number of units packed as a whole in a single case rather than selling individual units. 4. Labeling Products After creating your shipment plan, the next step is to print the labels to be applied to the product. Every label contains the barcode and the SKU title that is being prepared for shipment. Once you select “Prep by merchant”, you may click on the “Print labels for this page” which will automatically generate a PDF with all the barcodes for the number of labels that are printed. These barcodes are unique and specific to your shipment. These are used to track your products and shipment by Amazon. Print these labels on stick-on paper in order to easily affix them on the product boxes or bags. 5. Preparing Your Products Here comes the most important and tedious manual job. Getting products to be FBA-ready is the most important task because if you have not packed them as per Amazon FBA standards, they will be turned away and you need to bear the cost involved in shipping them back and repackaging them. Here are guidelines for getting it right the first time. • It is mandatory to have a visible and scannable barcode/ label pasted on the exterior of every unit. • Labels/ printed barcodes are to be covered by the Amazon printed label. • A unique SKU number on every label is needed. • If the product has multiple parts, everything has to be put together inside a single package with a single unique label and not in different packages. There are also different guidelines to pack different types of products. Loose products: Loose products can be bagged in a poly bag and secured with non-adhesive tape. Sets: If your product contains bundles or sets, it is best to put them in a case together or marked assets with a label reading “Sold as set. Do not separate”. Boxes: If your product comes in a box, it doesn’t need any additional packaging. Just ensure the box is secured well on all 6 sides to pass the 3-foot drop test and doesn’t collapse. If it does, then it has to be put in a poly bag to be extra secure. Poly Bag: Poly bags are mostly used for loose products. Make sure your poly bag is: • Transparent • Sealed • At least 1.5 mils thick • Has a scannable barcode sticker on the exterior • Not more than 3” past the dimensions of the product Case-Packed: This is when you are selling a large quantity of the same type of product together as a single unit as opposed to selling individual units. Here are guidelines for case-packed products: • Matching SKUs and labels are mandatory for all products in the box. • There should not be more than 150 units per case. • Every case-packed box in a shipment must contain the same number of units inside. Now that you have prepared your FBA shipment, drop off the package at your nearby UPS store and keep your fingers crossed while you wait for Amazon to receive it. It will take anywhere between 1-2 weeks for Amazon to receive your package and acknowledge you with an email confirmation. Once it is in Amazon’s warehouse, your products will go live and are eligible for Prime. Write to us in the comment section if you need any more information on this. Good luck and Happy selling!

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5 Tasks High-Volume E-Commerce Sellers Are Outsourcing

Running an e-commerce business can be a bit like juggling. The more successful you become, the more things you have to juggle. High-volume e-commerce sellers have to stay on top of all their operations in order to succeed. From dealing with suppliers and manufacturers to managing inventory, from advertising campaigns to customer service, being an e-commerce seller, can be full of challenges and surprises. Many sellers have turned to outsource as a solution to streamlining their operations and maximizing their own contributions to the business. Outsourcing guarantees that essential tasks will be completed while freeing up sellers to focus on areas where they can make the most significant impact. Here are tasks that high-volume sellers outsource to improve their business and make their lives just that much easier. 1) Fulfillment and Inventory Management When you first start out, it may be easy to do everything yourself, but as your sales increase and your business grows, it becomes almost impossible to perform every task related to order fulfilment and inventory management. When it comes to selling on Amazon, you can use the Fulfilled by Amazon (FBA) service to make sure that orders get shipped quickly and arrive without any trouble. You will have to package and prepare your inventory before sending it to Amazon’s Fulfillment Centers and doing this can save you a great deal of time instead of trying to get each parcel ready as orders come in. This method will also help reduce stress and potential shipping errors. Even when not selling through Amazon, outsourcing fulfilment tasks can help ensure all orders are shipped completely and as promised. Having a person dedicated to this task will reduce mistakes and increase customer satisfaction. The busier you become and/ or the more products you have in your line, the more complicated it can be to manage inventory. Human Resources can help track inventory levels across all products, making it easy to know not only what products are selling, but also when they need to be reordered from your supplier or manufacturer. Running out of stock can be a disaster for e-commerce sellers and should be avoided whenever possible. Today’s consumers expect to get what they want and when they want it. If you are not able to meet their needs, you can bet they will find another seller who can. 2) Content Writing In an online space, content is everything. People are more likely to buy from you if they are familiar with your brand. One way to create this type of relationship is by producing quality content. Blogs are a great way to reach your customer base. You can provide them with interesting updates about your industry or offer educational tips and tricks that help solve common problems they may be facing. You could write blogs that simply entertain. The problem is, for content to be most impactful, it should be added to your site on a frequent basis. Many people find it difficult to carve out enough time in their week to write regular posts. Outsourcing your content writing will solve this problem. Content writers will be able to produce high-quality material that will improve your SEO and establish you as an industry leader, making your site a place consumers turn to when looking for news and information. If blog content is currently not a part of your strategy (although it should be!), you can hire writers to help create and improve your product listings. The right listing can go a long way in improving sales numbers. Email campaigns are among the most effective ways to market to your customers. If you find that writing newsletters or sales pitches is time-consuming and complicated, this task can also be outsourced. Establishing a relationship with your audience is a crucial part of developing your brand and creating a sustainable business. Content allows you to do this. 3) Social Media Management Social media can be an incredibly time-consuming marketing tool for most brands. It is believed that posting at least twice a day across social platforms will help you increase traffic and build trust in your brand. Unfortunately, posting twice a day can be time-consuming. Posting on Facebook, Instagram, Twitter, Pinterest, and even Snapchat takes time. As with all other points of contact, you want to be sure you are sharing quality material that matches the brand’s messaging. Hiring someone to manage your social media accounts will grow your audience while providing you with important insights into their interests and purchasing preferences. Remember, your social media channels are not just a place to post and share news and information but are also the perfect place to interact with customers in a more human way. Staying on top of your social media profiles is a significant way to stay ahead of the competition. 4) Ad Management While platforms like Amazon, Facebook, and Google have made it “easy” to create ads, it does not mean that it is easy to create “good” ads. Most people running an e-commerce store are not trained in advertising or marketing. To make the most of your advertising opportunities and avoid wasting money and effort, it makes sense to outsource this task to someone who knows what they are doing. Someone trained in this department can produce ads that will reach as many people as possible and increase your conversion rates. 5) Customer Service Interacting with customers in a timely and friendly manner is an essential part of any successful e-commerce business. Finding the time to respond to questions, comments, or concerns can be nearly impossible when you are swamped by all other demands of your operations. Again, customer service can be outsourced so things do not pile up and customers are always happy. Whether you hire a virtual assistant or an in-house customer service rep, task this individual with monitoring and responding to product reviews, answering questions, and following up with customers after a purchase. All of these steps will help your brand build a good reputation. Dealing

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