Profit Spotlight 2.0 is an upgraded version of the famous Profit Spotlight software that helps you pick out products to sell on Amazon. Matt Clark has made the buying and selling process much easier, enabling you to enjoy the same benefits offered by Profit Spotlight while saving precious time.
Choosing the Right Product on Amazon
When looking for products to sell on Amazon, you need to look at three main criteria: price, reviews and best seller rank. In order to find a list with the top selling products on Amazon at the moment, you can simply go on Google and type in “Amazon best sellers” and click the first link. Once you are on Amazon, you will see a list with the top 100 best selling products. Next on, go to a certain category and see the top 100 best selling products in that particular category.
The first criterion you need to consider when you want to sell products on Amazon is a product that sells well. You can browse through the categories and top selling products in order to find a product you would really like to sell. Choosing a product is similar to a race. The lower the number, the better the product and the higher the chances to be successful on Amazon. When choosing a product, you technically want to pick one that sells for less than $50.
The second criterion you want to consider when choosing a product on Amazon is price. You should find a product that is priced between $7 and $50. If you choose products that sell for less than $7, you run the risk of not getting enough profit margin for you to build a business around. If you consider the packaging, labeling and all the extra stuff, there is not much money left for you to make. On the other hand, if the product costs more than $50, it might be too expensive to purchase the right inventory in order for you to get started. If you are looking at a product that costs $1000, that probably means you might need to spend more than $500 just to acquire that product. If you buy 4 units, you have to pay $2000 just for 4 units in the inventory, which is huge.
The third criterion is the total number of reviews. First off, look for products with less than 1,000 reviews. This means that product is not that competitive yet. If you manage to find a product that is in the top 100 best selling products in your niche, with a price range of between $7 and $50 and less than 100 reviews, that might be an excellent product for you to choose.
Private Label Potential
This criterion is explained more in the following videos related to Profit Spolight 2.0. However, it is important to note some aspects about this criterion, as it plays a very important part in the economy of your business. What private label potential means is that you do not want to sell other people’s brands. For instance, selling iPhone cases is not such a good idea, because most people out there have already heard of iPhone. In other words, this brand is not private. You want to control your own brand and your own business. You will learn more about controlling your brand in the following videos.
Profit Spotlight 2.0 – An Amazingly Powerful Tool
Inside the dashboard you have a complete list with the best Amazon products in each niche. For instance, if you choose the Beauty niche, you will get a list with the top ranked products on Amazon, with an image attached, price, number of reviews, hot list, estimated sales (based on proprietary data and proprietary algorithm) and official score. The results are slightly different than Amazon’s, but still extremely close. The official score is based on an algorithm created by the team behind Profit Spotlight 2.0, which ranks products based on all criteria, including price, reviews, rank and estimated sales. The higher the score, the better.
With this tool, you can easily choose the best products to sell on Amazon. You don’t have to spend your precious time looking for a product to sell, but you can use the Profit Spotlight 2.0 tool to choose a competitive product. Start your own business right now capitalizing on this amazing opportunity and stay tuned for more amazing videos from Matt Clark.
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