Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Woocommerce business owners, and other e-commerce sellers and digital entrepreneurs.

#58 Kevin King Interview – Part 2 of 3 – Finding a Private Label product, Keyword Research & Profit


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What would your advice be to someone just starting off with, say $10,000 and 20 hours a week, but still has a day job? How can they get started?
The general advice is to start small. Most people would say to start with something that can be air-shipped and fits in a shoebox. Kevin believes that is the wrong approach because that's what everyone else is doing. Instead you should go where others aren't. The items may be a bit larger therefore you might have to ship them by sea to reduce costs, but there will be less competition which means more potential for success.
Kevin has products in the kitchen category - he’s actually doing things that go on the stove, weigh 3-4 lbs apiece. Can sell for $10-20 profit per sale rather than $4-5.
Kevin is very emphatic about ensuring the quality of the products. Never, and he means never, ship products from China without an inspection. Whether it's the first time working with the factory or the 6th. Always get an inspection.
Ensure that you take all these costs into consideration, and then make sure you can mark it up at least 3x. Preferably 5X Also, avoid any item that has been used as an example in a training course because there will be many people that will try to replicate it which in turn means more competition. Like Greg’s bamboo sticks or Manuel Beaver’s example product.
Finally, get good images. Pay to have high quality images of your items because it will make a difference and it will pay for itself through additional sales. Use all 9 images, at least 1500 pixels a side so they are zoomable.
Even if you spend $500 for great photos, and you sell one extra unit a day at $10 profit, you have your money back after a month and a half.  A lot of people don't read your copy. Kevin has put codes for 100% off in the description and only one person used it out of 50 orders. A vast majority of people will based their decision on the title, price, and picture.
A lot of this has to do with the fact that 60-70% of sales in the US are from mobile devices which limits how much copy people actually see. So you need to make the first little bit compelling. You have the first 200 characters of your description, and the first 3 bullet points (they have to click a button to see the others) . Make them count.
Make sure you have good packaging. Your logo should be everywhere you can put it as well as instructions for the product that prompts the customer to register the product.
Put an instruction sheet in with your packaging, that asks for a review on the back.
What advice can you offer about product launch?
Product launches are very important. Don't skimp on product quality. You may get away with it for awhile but eventually the returns and negative reviews are going to catch up to you. Make sure to test the product yourself to ensure a high quality. The more you know about, the easier it is to market. Especially if you develop a product yourself.
As soon as there are 10-30 units of product ready (whatever fits in a case), he gets those sent over and then goes and looks for top reviewers - like Review Sniper, AMZSuite has something to look up top 10,000.
Or Google: Take competitor’s ASIN,  Search string is something like:
URL=amazon.com  ASIN “top 500”
Reach out - let product speak for itself. Customise it to person - send out 15 emails to top 500 reviewers - Kevin gets say 11 out of 15 to respond.
Don’t say “It’s great”; customise e.g. Milo is dog’s name, so put in “Great new product for Milo” in subject line.
Email:


Hi Michael
We’ve got a great new product that Milo might be interested in trying out. 
Here’s the link:
www.amazon.com/B00ABCDEF
Let me know if you’re interested in receiving one in exchange for your honest opinion.
...more
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Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Woocommerce business owners, and other e-commerce sellers and digital entrepreneurs.By Michael Veazey

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