Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Wooc

Amazing FBA Amazon and ECommerce Podcast, for Amazon Private Label Sellers, Shopify, Magento or Wooc


Amazon Product Research

June 14, 2019

Product research not equal market research
Being product centred and focussed on numbers - using tools like Jungle Scout, Helium 10, etc. -  on Amazon is what everyone does.

Hyper-competition = we HAVE to differentiate.

“Zig when they zag” (Andre Chaperon)
You need to have a differentiated business model to create a differentiated product.

If everyone starts on Amazon - get off Amazon.

Numbers vs. People

* Keywords as the start vs. People as the start

“Grow where you’re planted” (Verne Harnish)
Start with jobs, hobbies; activities of spouses, friends, family
It has so many advantages: 

* You’re going to care more

As Seth Godin puts it “you care enough to get hit” (he was talking about ice hockey, not street violence!)

* You already have a knowledge head start
* You’ll understand the customer better
* You can literally talk to your future customer

Start with your customer (PAP)
Don’t start with a product and search for the customer.

Decide on your ideal customer.

Talk to them! Find pain.

Pick a pain.

PAP - Person and Pain

Develop a product with and for your customer. 
Custom manufacturing 
Ryan Schaffer’s episode of 10K Collective podcast 

Of course, you should run the marketing numbers before ordering!
Don’t start selling to profit; develop to learn 
First thing is to iterate product - or find other ones -  until good enough for a private customer.

The second thing is the same with a pilot project until the market likes it.

Only then are you aiming to roll out on a big scale and go for profit.

Doing both is ideal (profit plus learning). But that’s a bonus.
“The only way to fail in business is to run out of money” (Anon)
Cashflow trumps “profit” as well.

Don’t worry about profit initially; instead, think of minimising risk and making sure you can afford the downside if it happens. (Risk-reward ratios)