How to sell on Amazon in 2019( FBA Private Label)- AMZ One Step
12. Price: Product popularity and the demand often leads to an increment in the price. This is a common behavior observed in business, and breaking the norm sometimes feels like a fun thing to do. If you see someone selling a low-cost product at sky high prices, you can provide a fresh breath of air by sourcing the same product for a decent price. This way, you’ ll easily cut through competition as customers will be more attracted towards a pocket-friendly product providing the same experience against the costly one.
13. Price Consistency: Disparate prices for the same product can get suspicious. To play safe, you should find out the reason behind it. Inconsistency in the pricing can be result of either product availability or price war. Either way, the variation in price should not be overlooked and inspected to avoid future problems.
14. Best Sellers Rank: Knowing your competitors in the field of business is just as important as knowing yourself. The best way to check the behavioral pattern of your competitors is to check their BSR( Best Sellers Rank) of the past year. Since it keeps track of every item sold on the marketplace, it poses as a great help for new sellers to strategize and act accordingly.
15. Number of Sellers under Listing: Foreign threats should never be overlooked in the online marketplace. Double check the number of sellers selling under the same listing. If you see more than one, then there’ s a high chance of getting hijackers on your listing. But that shouldn’ t deter you from making your Amazon business come to life. Instead, you should take necessary precautions to minimise the probability of it happening.
16. Seasonal: To find out whether a product is seasonal is also important, as it might be extremely popular and sell really well, until it runs out of fashion. Using tools like keepa or camelcamelcamel, you can check the BSR trends of that product.
17. Patents: Many sellers overlook the paramount necessity of looking out for patented products. For security purposes, it is advisable to hire someone or even look up online to find out if a particular product is patented or not. Neglecting can get you in serious trouble, if you ever violate its rights.
18. Hazmat: Products with hazardous nature or ingredients must be handled with appropriately. If lots of listings are sold by merchant fulfilled sellers, then you should consider looking at the Hazmat eligibility of that product.
19. Restrictions: Amazon has certain rules and regulations when it comes to online business for resellers. It has a few products listed under the restricted category, and those products cannot be sold by resellers. Therefore, it is important to check for such limitations.
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