Discovering profitable product ideas for your Amazon FBA business doesn’t necessitate expensive tools or resources. On the contrary, your path to the perfect product idea might be closer than you think. In this article, we will explore the top seven strategies to identify successful and cost-effective product ideas for Amazon FBA sellers.
Embark on Shopping Expeditions
Don’t overlook the potential of your local mall, favorite shops, or large department stores. As you explore these retail spaces, jot down any products that sell for between $17 and $100 and are smaller than a shoebox – these are often the most lucrative products to sell on Amazon. You’ll be astounded at the abundance of potential items awaiting discovery once you adopt a proactive shopping approach.
Examine Your Household Items
Your home is likely teeming with potential product ideas. Identify items you use daily – be they kitchen utensils, sports equipment, or tools – and list those that are light and small. Pay special attention to items within the $17 to $100 price range.
Venture into Online Shopping
Investigate online retailers like Walmart.com and eBay, noting items that you could feasibly list on the Amazon marketplace. If you’re into sports, peruse eCommerce shops selling exercise equipment. Filtering the product results to show items in the $17 to $100 range can yield a wealth of potential product ideas.
Leverage Your Hobbies
Consider all the items you utilize in your hobbies, passions, and interests. Individuals often spend considerably on the gear and equipment necessary for their hobbies – making these niche markets ripe for Amazon selling. Begin with your hobbies and then expand into other areas, listing essential items for each.
Analyze Amazon’s Top 100 Best Sellers
Amazon showcases the top 100 products for every category. Look through these lists, focusing on items priced between $17 and $100 that are small in size. Remember, if a product is on this list, it is a top seller on Amazon, signifying high sales volume.
Take Note of Amazon’s ‘Also Sold With’ Recommendations
When browsing Amazon, pay attention to the “also bought” suggestions presented on product pages. For instance, customers who bought a yoga mat might also have bought a yoga block or yoga DVD. These recommendations can help you identify potential add-on items to expand your product range and reinforce your brand.
Mind Your Day-to-Day Items
For a day, document every item you use at home, in the office, or on the go. This exercise reveals the plethora of products you encounter and rely upon in your daily life. Some of these items might be niche products with great potential for Amazon FBA sales.
