{"id":148,"date":"2017-07-07T15:39:10","date_gmt":"2017-07-07T23:39:10","guid":{"rendered":"http:\/\/www.freedombyamazon.com\/?p=148"},"modified":"2017-07-07T15:39:10","modified_gmt":"2017-07-07T23:39:10","slug":"find-it-find-profitable-products-to-sell","status":"publish","type":"post","link":"https:\/\/freedombyamazon.com\/blog\/find-it-find-profitable-products-to-sell\/","title":{"rendered":"Find It! Find Profitable Products to Sell."},"content":{"rendered":"

Profitable. That’s the primary characteristic of a successful FBA product. You make your profit when you buy it.<\/p>\n

Then, it has to sell. DUH!<\/p>\n

You can make all sorts of buys of products, but if there is no profit in it, then it is worthless, or a drag on your bank account.<\/p>\n

Now, it’s OK to make some unprofitable buys for the goal of learning how things work. And, in spite of all your care and marketing, some of your buys will end up being duds.<\/p>\n

That’s part of the cost of doing business, and learning. If you don’t learn from it, Bad on You!<\/p>\n

But, profitable products are what we’re looking for. You can find them, and you can be successful.<\/p>\n

Here are some thoughts on finding profitable products.<\/p>\n

    \n
  1. Review Amazon’s Top Sellers list for Categories you are interested in.<\/li>\n
  2. Using the free Amazon Seller App (available for Apple and Android smart phones) to scan product UPC codes.<\/li>\n
  3. You’re looking for products with the following characteristics:\n
      \n
    1. In the Top 5% of the top category Best Seller Rank.<\/li>\n
    2. Less than 3 to 5 FBA Sellers<\/li>\n
    3. Amazon is not one of the Sellers<\/li>\n
    4. Sells for more than $10-15<\/li>\n
    5. 3X-Rule: Sells for 3 times your cost – allows for your cost, 1\/3 Amazon fees, and 1\/3 Profit.<\/li>\n
    6. Lightweight and small size<\/li>\n
    7. Evergreen — not seasonal – sells year-round<\/li>\n
    8. Gets used up and has to be ordered again<\/li>\n<\/ol>\n<\/li>\n
    9. Find these products:\n
        \n
      1. Around your house<\/li>\n
      2. At “Clearance” or “Sale” sections of local stores<\/li>\n
      3. Online<\/li>\n
      4. Trade Shows (“for the trade” wholesale shows)<\/li>\n
      5. Local merchandise marts<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n

        For an example, we have about 260 different items available through Amazon. Of these, 80% of our sales come from about 42 of them. The rest sold one or two, but still added to our sales and profit totals.<\/p>\n

        In the past 30 days, we sold more than $16,000 worth of products, and we had about $5,000 in gross profit. From this gross, we pay for the various other business expenses we incur – travel, advertising, more products, etc…<\/p>\n

        My neighbor has some “road rules.” One of them has to do with our produce crops.<\/p>\n

        Eat More, Eat Faster!<\/p>\n

        This rule converted for Amazon.<\/p>\n

        Find More! Find It Faster!<\/p>\n

        John L<\/p>\n","protected":false},"excerpt":{"rendered":"

        Profitable. That’s the primary characteristic of a successful FBA product. You make your profit when you buy it. Then, it has to sell. DUH! You can make all sorts of buys of products, but if there is no profit in it, then it is worthless, or a drag on your bank account. Now, it’s OK … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[19,4,21],"tags":[],"class_list":["post-148","post","type-post","status-publish","format-standard","hentry","category-buying-right","category-sourcing","category-success"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6aoKM-2o","jetpack-related-posts":[{"id":160,"url":"https:\/\/freedombyamazon.com\/blog\/how-we-lost-40000-so-far-this-year\/","url_meta":{"origin":148,"position":0},"title":"How We Lost $40,000 So Far This Year","author":"John Larson","date":"April 25, 2018","format":false,"excerpt":"Here's what's happening with our Amazon sales right now. So far in 2018, we are about 33% DOWN from last year. This is about $40,000 less than the same time a year ago. What happened? Long ago, when we were getting our eBay business up and running, we found a\u2026","rel":"","context":"In "Buying Right"","block_context":{"text":"Buying Right","link":"https:\/\/freedombyamazon.com\/blog\/category\/buying-right\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95,"url":"https:\/\/freedombyamazon.com\/blog\/how-to-plan-for-success-in-business\/","url_meta":{"origin":148,"position":1},"title":"How to Plan for Success In Business","author":"John Larson","date":"April 12, 2016","format":false,"excerpt":"I've had several businesses. I've failed, and I've succeeded. Turns out that the difference between success and failure is just some small details. Details that often get overlooked in the crush of daily activities. You either move towards success, or you move towards failure. You get to choose. First, The\u2026","rel":"","context":"In "Buying Right"","block_context":{"text":"Buying Right","link":"https:\/\/freedombyamazon.com\/blog\/category\/buying-right\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108,"url":"https:\/\/freedombyamazon.com\/blog\/what-should-i-sell\/","url_meta":{"origin":148,"position":2},"title":"What Should I Sell?","author":"John Larson","date":"October 23, 2016","format":false,"excerpt":"\"What should I sell?\" or \"How do you find something to sell?\" This is pretty much the first question anyone asks when thinking about selling online. It's the same for selling on Amazon. \"What should I sell and how do I find it?\" I recently did a quick \"count\" and\u2026","rel":"","context":"In "Buying Right"","block_context":{"text":"Buying Right","link":"https:\/\/freedombyamazon.com\/blog\/category\/buying-right\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":211,"url":"https:\/\/freedombyamazon.com\/blog\/who-is-this-guy\/","url_meta":{"origin":148,"position":3},"title":"Who IS This Guy?","author":"John Larson","date":"March 1, 2020","format":false,"excerpt":"I've been here spouting off about various topics, big and small, and you must be wondering if I know what the heck I'm talking about. Here's something about me. I've been in business\u00a0for 50 years. First in Bricks and Mortar retail where I lived through 2 recessions but failed to\u2026","rel":"","context":"In "Basic Info"","block_context":{"text":"Basic Info","link":"https:\/\/freedombyamazon.com\/blog\/category\/basic-info\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122,"url":"https:\/\/freedombyamazon.com\/blog\/roadblocks-obstacles-hazards-and-attitude\/","url_meta":{"origin":148,"position":4},"title":"Roadblocks, Obstacles, Hazards, and Attitude","author":"John Larson","date":"January 4, 2017","format":false,"excerpt":"Our Amazon business sure makes it easy for us to be successful. It's an easy process to find and replenish profitable products. But, there can be hazards. One of our students had the ultimate in hazards happen. Amazon suspended them. 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