Tips to Creating a Million Dollar Business on Amazon w/Greg Mercer of Jungle Scout - EP118

Welcome To Episode #118 of the Amazon FBA Private Label Show Podcast! In this episode I chat with Greg Mercer of Jungle Scout about creating a million dollar business on Amazon FBA. Listen to this Amazon FBA Podcast! [powerpress] Tips to Creating a Million Dollar Business on Amazon w/Greg Mercer of Jungle Scout - EP118 In this amazing podcast episode I have a great conversation with Greg Mercer of Jungle Scout where Greg gives amazing tips to help sellers build and create their Amazon business. As Greg and I discuss Amazon has changed a lot over the years but if you focus on the basics then you can set your self up for massive success. The key to growing and getting to the next level on Amazon is to simply keep launching and adding more quality products. PRODUCT SELECTION AND SOURCING Look for products that are in demand and can be improved to beat the competition Consider selling products that are a little higher priced than normal ( $17-$50 ) Be cautious of selling products with a lot of moving parts or electronic items Find great suppliers by looking up the importing records of your top competitors Work to build a long term relationship with your supplier that is mutually beneficial Find multiple suppliers of a product to be able to effectively negotiate pricing When asking the supplier to customize the product explain your reasoning and give great details LAUNCHING PRODUCTS AND LISTING OPTIMIZATION  Build your own email list and audience that you can launch products to Run aggressive PPC during the launch phase along with giveaways to get ranked Use a tool like the Jungle Scout web app to determine your giveaway amount Gain reviews through follow up emails by using a service like Jumpsend Split test your main imagine to determine what is the best performing image OUTSOURCING  Sellers should learn to do their own product research and keyword research Tasks such as product photography and listing creation should be outsourced Use a service such as Jungle Market to find pre-vetted freelancers for Amazon sellers   Not a member of the Facebook Mastermind group yet? Join here! If you haven't yet watched my video "How To Find A Product To Sell In Minutes" then please do that as well. Check Out How To Find A Product To Sell In Minutes   RESOURCES MENTIONED IN THIS EPISODE: For all other resources and tools that I use in my Amazon business please see the resources link. Jungle Scout – An piece of software that allows you to quickly do product research on Amazon like a pro. Jungle Scout has saved me TONS of time when looking for new product ideas. It’s a MUST for anyone who is getting started in selling physical products on Amazon. I highly recommend Jungle Scout! SEE MY JUNGLE SCOUT REVIEW HERE: SAVE $20 BY USING THIS SPECIAL LINK –>PLS LISTENER DISCOUNT – Chrome Extension EXCLUSIVE JUNGLE SCOUT BUNDLE OFFER LINK Jump Send – This is what I am currently using for my feedback and follow auto-responder service. I can send messages to customers to ask for reviews and build value. You can also access the Jump Send deal site to help you launch new products and gain some traction so you can start ranking organically. * Use this special link to receive 35% off your first month. This is an exclusive podcast listener discount! Jungle Scout Market – Hire pre-vetted Amazon experts to help you build, run and grow your Amazon FBA business. Created by the Jungle Scout team. Splitly is an AWESOME tool that now allows us to split test various things on your product listings like pricing and images to measure how they perform over time. If you want to maximize your profits and destroy the competition you need to be split testing your listings. I have been using this so for a while now and I am loving it because Splitly does all the heaving lifting for me. SUBSCRIBE TO THE SHOW!   I NEED YOUR HELP! If you felt you got any value out of this podcast, then please support me with an iTunes review. It's simple to do! Just click here to head to iTunes and leave an honest rating and review of the podcast. Every review helps! Tips to Creating a Million Dollar Business on Amazon w/Greg Mercer of Jungle Scout - EP118