Amazon Private Label really works. Anyone who know has been an Amazon FBA seller for years can attest to this. Many people involved in this business have, and continue to experience success with the business model.
It’s never been a better time to get into this business. Amazon continues to grow, and there are an infinite number of product opportunities available to you. This is a proven business model that works when you develop and follow a success plan. To help you out, I want to share with you the ultimate private label amazon FBA success plan. The plan comprises of very simple steps.
Find a product that has a good chance of selling on Amazon FBA
You need to find a product that has a good chance of selling on Amazon FBA. To do this, you need to find a product that has some demand. This means that people are searching for it and buying it. The best way to check this is by finding the search volume of your desired product. If people are searching for it, there is a good chance that they are buying it too.
This search volume will act as your indicator of demand, and the number of other sellers will specify the amount of competition for you to deal with. You can use many online tools to determine these figures. Some are free, and some require payment, such as Jungle Scout, which I highly recommend for anyone who wants to get into private label FBA business.
Typically, consumable products are the best sellers on Amazon FBA because people buy them again and again. Here is a list of product categories that sell well on amazon right now:
- Beauty Products (makeup, hair styling, skin care)
- Health Products (vitamins, supplements, exercise equipment)
- Baby Products (diapers, wipes, toys)
- Home Products (kitchen items)
Set prices
You want to make sure that you sell your product for a price that will make you a profit. There are two factors that will affect how much profit you will make, and both of them are related to how much the product is selling for.
- Product Cost- this is what it costs you to have the product made. You need to find a manufacturer who can make the product at a cost that will allow you to sell it at a profit.
- Amazon fees- Amazon takes fees out of every sale, so you need to account for these when pricing your product.
Launch your product on Amazon FBA
Start with one product and get it right before you expand your brand. Make sure your listing is well optimized to get organic sales.
Launch your new private label product by following the steps below:
Step 1. Create a great product listing on Amazon
Step 2. Run a promotion to get sales and reviews
Step 3. Build awareness of your product through social media, giveaways, and more
Step 4. Get more reviews by offering free products in exchange for honest reviews.
Step 5. Raise your price as you get more sales and reviews.
You can launch your product in two ways:
· Organic Launch
An organic launch is when you list your product on Amazon and rely on the Amazon search engine to find it and sell it. You don’t need to invest any money with this method.
· Paid Launch
A paid launch is when you use Amazon advertising to promote your listing. This is the fastest way to launch a product and get sales quickly. There are three types of ads you can run on Amazon: sponsored products, sponsored brands, and headline search ads.
Continue to invest in product development to grow your business
While it’s great if you launch a successful product using the steps above, you don’t want to stop there. Product development is critical to growing your business. You should always be looking for ways to improve the products you sell and find new ones that customers will love.
