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492: How To Find A $5000/Mo Product To Sell In 10 Minutes – Family First Friday

The My Wife Quit Her Job Podcast · September 15, 2023 · 11 min

Summary

This episode outlines a comprehensive, multi-platform product research strategy for ecommerce entrepreneurs. It details how to leverage tools like Jungle Scout for Amazon, Ahrefs for Google search trends, and Zix Analytics/Terapeak for eBay to identify high-demand, low-competition products. The host emphasizes validating product viability across multiple channels before making significant inventory investments, and provides specific metrics and criteria for success.

Key takeaways

Themes

amazon & marketplacesproduct & merchandisinganalytics & attribution

Topics covered

product researchamazon fbaebay sellinggoogle keyword researchjungle scoutahrefszix analyticsterapeakecommerce product validation

Episode description

In this Family First Friday episode, I teach you 4 different methods of finding profitable products to sell on Amazon, Shopify and Ebay. Thanks to software tools like Jungle Scout, Ahrefs and ZikAnalytics, you can get accurate data on the sales of practically any product being sold online. Jungle Scout - https://mywifequitherjob.com/go/junglescout.php Ahrefs - https://ahrefs.com Zik Analytics - https://mywifequitherjob.com/go/zikanalytics.php

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Frequently asked about this episode

What does this episode say about amazon & marketplaces?
Utilize Jungle Scout to identify high-demand, low-competition products on Amazon by looking for an even distribution of revenue among sellers and low review counts (under 100).
What does this episode say about product & merchandising?
Leverage Ahrefs to assess Google search demand for potential products; multiply search volume by 37 (traffic) and then by 2% (conversion) to estimate revenue potential and validate product interest beyond Amazon.
What does this episode say about analytics & attribution?
Employ Zix Analytics (or free Terapeak) to verify product sell-through rates on eBay, aiming for at least a 33% successful listings percentage, which also provides a liquidation channel for unsold inventory.
What does this episode say about amazon & marketplaces?
When researching, prioritize products with a solid value proposition, and always cross-reference data from multiple platforms (Amazon, Google, eBay) for comprehensive product validation.
What does this episode say about amazon & marketplaces?
Conduct reverse product research using Jungle Scout's opportunity finder by setting desired revenue and review parameters to generate product ideas matching specific criteria.

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