This episode features a new Amazon seller who, after initial struggles with private label, found success by focusing on identifying 'underserved shelf space' on Amazon. He shares how he quickly identified 45 profitable products to sell by prioritizing product availability and speed of delivery for customers over finding the absolute lowest price, even selling items significantly higher than Amazon's own price thanks to strategic inventory placement.
Key takeaways
Focus on identifying underserved shelf space on Amazon rather than solely chasing low-priced products; look for items Amazon struggles to keep in stock near customer fulfillment centers.
Utilize tools like Keepa charts to analyze product data and identify profitable ASINs, even if Amazon is also selling the product.
Consider the 'replens model' (continuously restocking in-demand products) as a lower-risk entry point into Amazon FBA compared to private labeling, especially for new sellers.
Leverage fast shipping and proximity to customers as a competitive advantage; many Amazon shoppers prioritize speed of delivery and will pay a premium for immediate access.
Don't be emotionally attached to specific product categories; instead, let data guide product selection to find profitable opportunities in unexpected places.
Today's podcast guest has only been selling a few weeks and he started with just a few hundred dollars buy he's finding great inventory consistently just by understanding how to read a KEEPA chart through the lens we teach in the ProvenAmazonCourse.com training. On some of his ASINs (products) he's even selling right alongside Amazon while being priced WAY higher and making sales! He breaks it all down in the episode. His next goal is $5,000 in sales per month and he's well on his way while working only about an hour per day and then a few hours each weekend. Come meet today's guest Jeremy and 100's of Amazon, Walmart and e-commerce sellers of all experience levels at our event in Orlando the last three days of May! That's May 29-31st - details at TheProvenConference.com (and we still have scholarships for free attendance if funds are tight!) Check out our episode sponsor Profit Cyclops - Realtime Order Tracking and Profit Calculation! Easy to view dashboards and charts in days, weeks and months. A staple to your everyday operations, everything that Amazon misses to show you. Show note LINKS: SilentJim.com/bookacall - Our guest today benefited tremendously from the coaching he's received! Inquire about your coaching options today! Let's connect! My Silent Team Facebook group. 100% FREE! https://www.facebook.com/groups/mysilentteam - Join 80,000 + Facebook members from around the world who are using the internet creatively every day to launch and
What does this episode say about amazon & marketplaces?
Focus on identifying underserved shelf space on Amazon rather than solely chasing low-priced products; look for items Amazon struggles to keep in stock near customer fulfillment centers.
What does this episode say about supply chain & operations?
Utilize tools like Keepa charts to analyze product data and identify profitable ASINs, even if Amazon is also selling the product.
What does this episode say about founder & leadership?
Consider the 'replens model' (continuously restocking in-demand products) as a lower-risk entry point into Amazon FBA compared to private labeling, especially for new sellers.
What does this episode say about amazon & marketplaces?
Leverage fast shipping and proximity to customers as a competitive advantage; many Amazon shoppers prioritize speed of delivery and will pay a premium for immediate access.
What does this episode say about amazon & marketplaces?
Don't be emotionally attached to specific product categories; instead, let data guide product selection to find profitable opportunities in unexpected places.
