You have probably heard stories about people looking at how to make money from Amazon and have created 6 or 7 figure businesses.
If you what to promote physical products you can use Amazon as your supplier, order processor, and product fulfillment company. They actually do this very well, it’s called Amazon FBA (Fulfillment by Amazon) and thousands of people use them for exactly that.
Fulfillment by Amazon is a service introduced in 2015 that provides fulfillment for small, light items and offers free standard shipping for items offered on the site by third-party sellers.
This can work for you too, once you join Amazon’s affiliate program you only have to promote products on your website and if your visitor uses your link to make the purchase through Amazon you get the commission on the sale.
You don’t have to stock or ship the product so it’s an ideal affiliate business model if you want to deal with physical products and it works, as a recent study found that over 44% of respondents searching for products actually buy from Amazon.com.
So the opportunity here is enormous.
However with the millions of products available on Amazon for you to promote the problem is, how do you work out which is the right product to sell?
Everyone knows product research is the most difficult part of any e-commerce business, it’s not unusual for online business people to spend over 80% of their time researching products! It’s a time-consuming step
Hit and Miss
Several years ago, selling on Amazon was a hit and miss. Sellers would have to learn what products to sell by using trial and error, they’ll list one product, see if it sells, if not, move to another, which was wasting a lot of time.
If a product sold, they’ll keep listing it, if not, they removed it and tried a different one. Obviously, that’s one way to find hot products, but the process is rather time-consuming and not really ideal.
Fortunately, there is now some software that can assist you with all that.
With the click of a mouse, you can see any product’s estimated monthly sales volume, its Best Seller Rank, its sales revenue and all the other criteria that are critical in identifying profitable opportunities for every Amazon product that you are considering selling.
This saves sellers an incredible amount of time so that they can focus on ordering products and managing sales instead of spending a lot of time on product research.
It allows you to find profitable ways to make money from Amazon so you can promote with confidence and success without the need for guess work.
It’s a Jungle out There
The software is called Jungle Scout and it will help you make informed, educated decisions based on actual sales data and will let you view all the data for any Amazon listings in a matter of minutes.
Today we’ll take a look at Jungle Scout and see if you can really use it for Amazon research, how it works, and how you can use it to improve any e-commerce business.
Jungle Scout Review: What is It?
Let’s start with the basics, what is Jungle Scout?
- Name: Jungle Scout
- Type: Amazon Research
- Price: Free Trial (memberships start at $39/month).
- Website: https://www.junglescout.com
- Niche: Amazon Research Tool
- Creator: Greg Mercer
Jungle Scout is an extension for your web browser that gathers seller’s data from Amazon. When you browse Amazon or specific Amazon listings, the extension will list all the data about that item in the sidebar for your convenience.
The data includes average price, brand, category, average sales rank, the number of reviews, sales per month, estimated revenue, rank, and much more.
The data is all listed in a simple spreadsheet that you can organize as you please, for example, if you want to see the most expensive products, click the price tab and the listings will be organized from highest price to lowest price.
You can also copy and paste the entire spreadsheet into Excel or Google Docs.
“This makes it incredibly easy to find ideal products to source and sell online. That means no more researching individual stats and typing in numbers into your own spreadsheets, it’s all right here for you!
That means no more researching individual stats and typing in numbers into your own spreadsheets, it’s all right here for you!
Check the demo video below:
How to Use Jungle Scout:
The process is rather straightforward, create a membership, install the extension, and browse Amazon.
When you type something into the Amazon search bar, Jungle Scout will light up and show all the relevant data related to your search term.
This includes all the listings and the data related to those listings, average prices, average items sold per month, and much more. It makes it incredibly easy for you to find out if a product has potential or not.
How do you use this to Create an Online Business?
Once you learn how to read the data, it’s easy to find hot products that you can source and sell.
According to Greg Mercer, the items that have the most potential are priced between $17 – 40 are lightweight and sell more than 10 a day. Also, any product that can be bought wholesale for 1/3 of the price, and shipped by air.
With this criteria, reading the data becomes easy, all you have to do is find items that satisfy the formula.
These are just some of the guidelines for a good product, there are more, but we won’t discuss those in details here.
Shipping is an expense so it needs to be taken into consideration. Fortunately, Jungle Scout also lists the average weight of the products, and this is probably one of the most useful features because you’ll spend most of your budget on shipping fees.
The heavier the product the more it costs to ship, therefore, finding light products will save you a lot of cash, that’s cash you can re-invest into your business.
Hit the Jungle Scout tab for weight and you’ll see all the lightest products for your search term.
Then, it’s a matter of finding a source for the product.
So, with the Jungle Scout data in hand, the next step is to find a supplier for your product, and if you manage to find a supplier that sells the product for 1/3 of the price it’s sold on Amazon then that’s a potential product for you to sell.
Jungle Scout is definitely one of the most useful Amazon research tools I have tried out, and I highly recommend it to anyone who wants to create an online e-commerce business.
It helps you smash the competition, competition that are researching products by trial and error so it saves you a lot of time.
Take the product criteria I mentioned in this article and use Jungle Scout data to find the products that have the most potential, make a list, and then start ordering!
Soon you’ll see the sales come in and you’ll have cash to re-invest into the business.
So, creating a 6 figure online e-commerce business as an Amazon affiliate is actually not that difficult, it’s all a matter of finding the right products and with Jungle Scout it just got easier.
|Go ahead and check it out here, I know you won’t regret it.|
One More Thing
Estimates are that by the year 2017 online retail sales will to grow to $434.20 Billion Dollars. So it’s the perfect time for you to jump into this space, and start your own e-commerce store.
Anyone can start an e-commerce store, and it can be run by one person in the comfort of their home. Especially if you know how to source products correctly and now you do, with Jungle Scout, and you don’t even have to pay for inventory until a sale is made.
Best of all e-commerce retail websites can be built on the most popular content management platform available which is WordPress.
The only problem is that it takes specialized knowledge to be able to this platform to get your online shop set up.
If you are interested in e-commerce and are considering creating your own online business from scratch, but you don’t know where to start, then I have got you covered there too.
For less than $10.00 I can give you my WP Online Store Training Course.
Inside this 10 video module course, you will get detailed training on everything it takes to launch a successful e-commerce store online. For more details click the image below;
This is an ideal training course to compliment Jungle Scout for anyone wanting to out how to make money from Amazon products. All that’s left to do is get traffic and build a list of customers. So…
If you have enjoyed this post “Jungle Scout” please feel free to share socially or ask a question below.
If you leave a comment, I will reward you with a free copy of my latest book; ‘List Building Success Secrets’ – Learn how to create a list properly and how to profit from it.
“If you are just getting started, you will want to build a list. This and this is where most people get stuck, right at the beginning… Without a strong list, you won’t have a stable source of online income”.
You can get this book in exchange for leaving a comment – Thanks!
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