1) Research & Validation:
➢ Criteria Matching: Before starting your product research, make sure you have clear criteria in mind for the type of products you want to sell. This will help you narrow down your options and save time.
➢ Product Research: Use various online tools such as Keepa, Scan Unlimited, Helium 10, and CamelCamelCamel to research and validate the demand for your products.
➢No. of Sellers on listing: Look for products with fewer sellers to avoid too much competition.
➢Budget Analysis: Analyze the costs of your products, including shipping, storage, and other expenses, to ensure that you can sell the products at a profit.
2) Sourcing:
➢ Brand Approval: Apply for approval from brands to ensure you can sell their products.
➢ Brand Negotiation: Negotiate with brands to get better prices and exclusive deals.
➢Prep Centre: Use a prep center to prepare and package your products for shipment to Amazon.
Freight Forwarding: Find a reliable freight forwarder to help you manage the logistics of importing and shipping your products.
3) Branding & Launch:
➢ Listing Mee too: List your product under someone else’s product listing. This is called listing mee too, but keep in mind that Amazon is not selling that product, and the brand also not selling. Ensure that the criteria for the product match and that you are not infringing on any intellectual property rights
➢ Price Management: Keep your prices competitive to attract customers while ensuring you still make a profit.
➢ Account and Reviews growth: Focus on growing your account and getting positive reviews to improve your ranking and sales.
➢ Differentiation strategy: Create a differentiation strategy to set yourself apart from your competitors and appeal to customers.
4) BuyBox:
➢ BuyBox Winning strategies: Use strategies such as competitive pricing, FBA, and excellent customer service to win the BuyBox and increase sales.
5) Account Management:
➢ Brand Relations Management: Maintain positive relationships with your suppliers and brands to ensure a steady supply of products.
➢ Task Automation: Automate repetitive tasks to save time and improve efficiency.
➢ Inventory Planning: Use inventory management tools such as RestockPro and InventoryLab to keep track of your stock levels and ensure you never run out of products.
➢ Case Log Handling: Handle customer complaints and inquiries promptly to maintain a good reputation and avoid negative reviews.
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