Selecting Niche Products From Amazon For Private Label

Here's a few pointers for you (I have a large ecommerce business including amazon sales)

1. The issue isn't necessarily that you have $5000 to spend on stock, the issue is cash flow.
As long as you can release some of the cash that would otherwise be tied-up in stock you will be able to use more on marketing. Often it's cash flow that strangles ecommerce businesses.

I tackle issue this regularly by negotiating with suppliers on the terms of payment for stock (paying for some up-front but holding more back in order to release capital).

2. There is no point in looking at your competitors' rate of feedback, or anything else, unless you know the details of how they are operating. I know amazon businesses that sell a lot of product who have relatively low numbers of reviews. It's down to the way that they operate and nothing else.

3. Nobody can tell you how long it will take to get sales. It depends entirely upon your product, your competitors, how/if you are advertising, how much you are spending, and a hundred and one individual factors.

What I can tell you is that it is not unknown for new amazon sellers to have sales exceeding $10,000 within 8 weeks, IF they know what they are doing and have a good product that the market wants.

I hope this helps a bit. Good luck with your venture.

Keep your money in your pocket until you are sure what you should spend it on.

I'm going to offer the same advice I would whether you want to sell physical goods on Amazon, ebooks on Kindle, or courses on your own site.

Start with one product. Just one. If $5000 will let you offer 5 products, take $1000 and put the rest in the bank for a reserve.

Learn how to profitably move that one product - how to list it, describe it, what kind of images work best, what kind of offsite advertising and/or promotion works and what doesn't. etc.

Once you have a handle on that, add a second (preferably related, so there is market overlap) product and repeat the process. Or combine your profits with a piece of your reserves to scale things up.

Build your ecommerce business the same way you build a brick wall - one brick at a time.

I work with varies businesses in which my team job is to rank them and run their products campaign on Amazon. Due to the fact I am familiar with Amazon search, I don't take any products on, after the initial research phase, I would tell the potential client if I will be willing to take his project or not. Simply we can take products that we can't rank, any products in which is commodity and easy to replicate, has a short term strategy and the client can be kicked out faster than they think. If you selling something on Amazon it better be a branded product so you can also ensure that when you start doing well you don't get stepped over.

- It is important not to jump in without having something that will work

- You don't need to start with a high budget ("no need for big inventory") Start small and scale up. Many of my clients start with few hundreds.

- Start with one product and expand as the first works

- Make sure your item will have high margin and with ur price point it is still within the competition range.

Amazon is an awesome place to generate sales, but it require some patience at first and a long term strategy. Just having sales going there or getting top rated alone give u no guarantee if u don't have a long time strategy to fall back on to.