Key Factors to Consider When Selecting Your Next Amazon Product

In the competitive world of Amazon selling, choosing the right product can make or break your success. This guide outlines essential factors to consider when selecting your next Amazon product:

1. Market Demand: Look for products where the top seller generates at least $100,000 per month, and the 10th-ranked seller makes $30,000 monthly.
2. Competition: Aim for niches where the 10th-ranked product has fewer than 500 reviews, indicating room for new entrants.
3. Differentiation: Find at least one way to make your product stand out from competitors.
4. Price Point: Target products in the $9.99 to $150 range for optimal profitability.
5. Repeat Purchase Potential: Consider products that customers will buy regularly.
6. Size and Weight: Smaller, lighter products often have better profit margins due to lower shipping costs and Amazon Fees.
7. Brand Vision: Ensure your product aligns with your overall brand strategy and appeals to your target customer avatar.
8. Product Line Potential: Plan for at least five complementary products to build a robust catalog.

By following these guidelines and using tools like Jungle Scout or Helium10, you can increase your chances of launching a successful product on Amazon.