It can be hard to know where to start when launching an Amazon storefront. There are so many possibilities to become a profitable Amazon seller. To learn the top three tips for finding profitable products to sell on Amazon to get a jump start on launching your Amazon business, continue reading and contact our Amazon accountant, Timothy E. Nelson, CPA.
Utilize Social Media Platforms
Social media is a powerful tool to use to discover profitable products to sell on Amazon. Specifically, Pinterest is the platform to use to see what is trending. Pinterest is a social media platform that allows users to “pin” images that they like to to “boards” that are categorized. These pictures will often include products and items users are interested in purchasing. Once you have found a product on Pinterest, you will then go over to Amazon to discover if they will rank well. Simply search for a product in the Amazon search bar and see what your competition may be. If you have discovered something unique, there will not be many listings available to shop.
Surf the Best Sellers Page
Visit Amazon’s best sellers page and select a category that you are interested in selling in. To make things a little more niche, select a sub-category to narrows down your options. Make a smaller log of potential products that you can see in your storefront from this list. The top products found on these lists are based on recent sales. However, when making this selection, it is important to consider seasonal trends or fads. Finally, before your final decision is made, be sure to check yearly sales trends.
Discovering a profitable product to sell on Amazon requires the assistance of keyword research. To discover what shoppers are searching for, you must learn the keywords that are receiving the most online searches. To do so, you will open Google Trends and type in a product that you are interested in selling. To learn the search trends throughout the year, you will analyze the graph that is provided to you. To continue your search, you can utilize the “related queries” button. Based on these findings, you should be able to narrow down your list of potential products to sell.
Contact Our Team
If you are an Amazon seller and require the assistance of an experienced Certified Public Accountant, please contact Ebiz Accounting for an initial consultation. We provide Amazon business accounting services to clients in New York and throughout the United States. All Amazon sellers should have an accountant they can trust. If you are looking to expand your business, or even form a new one, do not hesitate to reach out to our knowledgeable team today.