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Questions and Answers
What is the primary goal of Amazon Product Hunting?
What percentage of success in Amazon PL is based on Product?
What is a consequence of market saturation?
What is a key factor in identifying market saturation?
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What is the ideal price range for a product in Amazon US, according to PH criteria?
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What is the minimum monthly sales requirement, according to PH criteria?
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What is the ideal number of sellers with reviews more than 1k+ in top 10, according to PH criteria?
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What is the ideal H10 search volume, according to PH criteria?
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What type of products should be avoided, according to PH criteria?
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Study Notes
Amazon Product Hunting Goals
- Primary goal is to identify viable products for private label sales on Amazon.
- Focus on maximizing profitability and market potential.
Success Rate Factors
- Approximately 80% of success in Amazon Private Label (PL) is attributed to the product choice.
Market Saturation Consequences
- Leads to increased competition, lowering profit margins.
- Can result in reduced visibility and sales for all sellers in the category.
Identifying Market Saturation
- A key factor is the number of competing products and their sales velocity.
Ideal Pricing for Amazon US
- Ideal price range for products is between $15 to $35, aligning with Product Hunting (PH) criteria.
Monthly Sales Requirement
- Minimum monthly sales requirement according to PH criteria is 300 units.
Seller Review Criteria
- Ideal number of sellers with reviews exceeding 1,000 in the top 10 is capped at three.
H10 Search Volume
- Ideal Helium 10 (H10) search volume according to PH criteria is 300 to 1,500 monthly searches.
Products to Avoid
- High-quality branded products and items with a significant number of existing sellers should be avoided.
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Description
Learn about the art of product hunting on Amazon, a crucial skill for finding profitable products to sell. Discover the importance of product hunting and how it can lead to success in Amazon's Private Label (PL) program.
