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#839: Step by step: Build a system to methodically locate the winning products on Amazon among the billion available

Silent Sales Machine Radio · May 22, 2024 · 51 min

Summary

This episode explains a methodical, multi-stage process for Amazon sellers to identify winning products for their "replens" (replenishable) strategy. Using a "gold mining" analogy, the hosts break down how to filter through the vast Amazon catalog to find profitable ASINs, emphasizing a systematic approach over random product hunting to build a successful and scalable Amazon business.

Key takeaways

Themes

amazon & marketplacessupply chain & operationsfounder & leadership

Topics covered

amazon replens strategyproduct research methodologyfinding profitable asinsamazon seller successsystematic product sourcinglow-risk amazon business models

Episode description

Counting to a MILLION would take you several days (about 12) Counting to a BILLION would take you over three decades. Amazon as a BILLION ASINS on their site in the US alone - and countless ASINs are GOLDEN NUGGETS that you could be selling against! Once you have a system that sorts through methodically, you can find endless opportunity on the busiest shopping site in the world - Amazon.com We can help! Let's talk about it on today's podcast episode! Special guest at the conclusion of today's show, Jeff Schick of JeffSchick.com answers the question: Can a seller actually get themselves into trouble with Amazon by reporting other sellers and attempting to build a case against other sellers? Watch this episode on our YouTube channel here: https://youtu.be/H7NCMVnyhdg PS: TOMORROW is day one of our annual live event with over 800 people registered to attend in Orlando! If you want to snag livestream and all event recordings at a huge discount, use code "PACLS24" to save 90%, but the sale is almost over! Go to TheProvenConference.com and click on "live stream" for details! Show note LINKS: SilentJim.com/free11 - get access to the book that launched this podcast, sold over 1million copies with 1,000s of five star reviews on Amazon.com - it's the latest version of the Silent Sales Machine book! <a class="ProsemirrorEditor-link" href= "https://TheProvenConf

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Frequently asked about this episode

What does this episode say about amazon & marketplaces?
Don't randomly search for products; adopt a systematic filtering process similar to gold mining to identify profitable ASINs on Amazon.
What does this episode say about supply chain & operations?
Start with a broad search, then progressively narrow down options using specific criteria to increase the likelihood of finding winning products.
What does this episode say about founder & leadership?
Understand that an initial "gold pan" approach identifies promising categories or brands, but further "excavation" and processing are needed to pinpoint specific profitable ASINs.
What does this episode say about amazon & marketplaces?
Focus on the "replens" model, especially as a new seller, due to its lower risk, reduced learning curve, and higher success rate for building initial capital and confidence.
What does this episode say about amazon & marketplaces?
Once proficient in replens, leverage the foundational knowledge to explore more advanced Amazon strategies like wholesale, branded bundles, or private label.

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