I'm wondering the same !! this video is worth 1M views. You have no idea how long I've been looking for what you're saying. Do you offer one on one mentor-ship how can I connect with you?
Thank you Iman! I don't offer one-on-one mentorship or any paid stuff but I am working on a way for this channel's community to have an area for basic QnA as this comments section is a bit limited.
@@DanRodgers I like the fact that you don't do one-on-ones. Because otherwise you'd spend too much time focused on that rather than creating some of the most useful Amazon fba content (no offence to the original poster though!).
If I search something on Amazon and Dan Rodgers videos appears on that, its 100% sure that He is going to get my click. I really appreciate how much efforts you put into your videos and how easy, you make it for your audience to understand the concepts. Everytime a relevant question/ambiguity pops up in my mind during the video, I get my answer in the next 2-3 minutes. A BIG THANKS to you. Keep doing what you are doing. Again, I really appreciate your teaching skills. I wish you success and peace!!
Oh man I just bought this product because I was looking for one of the items on this bundle but I for it to be a better value 19:30 wow I’m hooked. Following every single step.
I've been looking into FBA for about a year. I bought a course and it was ok but I felt I was not prepared to begin and needed more details. I feel that you are the most helpful of all and I am watching most of your content before starting. Thanks and I hope you find great success on YT.
My sister just recommended, this, I can honestly pay her for this share because this was awesome. Thank you, I will be giving you a few views because I will be back to watch this again.
OMG thank you very much, finally someone knows what he is talking about. thanks for the amazing content. you deserve more views and more likes on this video, this video is at the level of college courses on innovation product marketing
Very useful insights into how to have a different approach to product/keyword research that I feel are still very applicable to today. Awesome stuff Dan.
Good hints, but you are totally ignoring the biggest market ever, which is selling the same product in different variations. It is true, selling a unique product is best, but remember, this is highly difficult to find and it requires a lot of investment compared to existing products. So you address only one type of sellers, those with enough capital to afford unique one of kind products. In this regard, you do not address the majority. Apart from that, your advise regarding the profit percentage and minimum sale price are very true and accurate.
I find the analyzing method used by Dan is very clear n step by step , like how we use a formula to solve a math Q👍😀. Hence, your video become very interesting.
That's a great suggestion! Keep it in house at the beginning for sure but for growth there's a lot of cool stuff I could cover including the interest investors might want etc but also the personal feeling on it and whether it is for you
Very great content Dan! Congrats on the 30k... the product I am looking at now, the prices are all over the place... up to 200 plus with the lowest 39 dollars. It’s a heavy product (13 pounds) .. I believe I can sell it for 149. No one has the design. I like the big and heavy items 👊🏼
Hey dan I’m just getting started in Fba and I was wondering how do you sell products which have multiple products with them for example those hooks you talked about it the video how would you make it so amazon ships these products together to the customer?
It's all sound great. A very smart guy and a very good speaker. One thing I'm missing. When you're talking about improving the products. Are you improving the products which belong to you or the ones you found using the Helium or other tools? When you are improving a product don't you have to pay the royalty to the patents holders or file at least a design patent? Otherwise it's sounds like a piracy and somebody eventually can go after you. Don't you think so?
Awesome video, Dan! One quick question: How do I know if sellers with low reviews are selling as well as those with higher ones? Hope you find the time to help me figure this out. Cheers!
Dan in one of your video, (perhaps more than once) I heard you mention $2 as shipping cost per piece of most of the items you mention, however, whenever I inquire about shipping cost of most of the products, it has never been less than 5 to 6 dollars per piece from China to USA, no matter what size the product is that I am investigating.
Nasir good point! This has definitely increased, actually doubled recently, so where it would be $1.50 - $2.50 for a smallish item in bulk, now it's more like $3 - $5 for the same. That said, prices have also gone up, due to this and inflation so it gives you a bit of room to sink it in as well. They are very high and should return to more normal levels as the carriers return to more normal operations.
Hi Dan, thank you so much for a great video! I have a question about looking at analyzing product reviews - what if most product reviews are complaints about the product having poor quality and don't reveal much about what the customer truly wants? Other than looking at products frequently bought together and product reviews, what are other strategies you use to understand the customer and what they want? Thanks!
Hey Trisha! You got it :) On this, firstly, the customers are telling you they want better quality so you could look to create a higher quality item at a higher price point and with time, your good reviews VS the rest of the market's bad reviews, would see you good sales. Secondly, other than FBT and reviews, you can also: - Find your ideal customer in real life and ask them, better yet, ask a few and compile exactly what they desire most. - Find where your customer hangs out online (pinterest, FB, Instagram etc) and then scan those areas for both ideas and sentiment towards certain types of products. You can also ask them here. Forums are also ideal. - Look at supplier websites of this type of product, what other variants are there. Are some only in certain countries but would be well-accepted in yours? Are there versions that solve certain issues? Versions that aren't on Amazon yet? In your case, are there also higher quality versions? These are some ways you can establish what the customer wants. The fastest most accurate way will be to find them and then ask them :)
Hi Dan, I am a big fan of your videos. I am just getting started and have been stuck in the product research phase. At 4:08 you say to look for products with max reviews of 300. I understand that the aim is product differentiation and segmentation, however if this is a high demand product, there are likely many listings that have say 1000+ reviews. Is there any limit of high review listings that you would set? Also, is this $30K listing type in the high demand space something you would recommend for someone just starting out or is it better to first try something in a smaller niche like as shown in your $10K listing video?
Hey Andy! The review limit is one of my least favorite criteria as I feel it comes down more to what exists currently and how much you can innovate. If you innovate enough, then existing reviews won't matter. Sort of like, if an iPhone 12 comes out, it does not matter how many reviews the iPhone 11 had, people choose the 12 for reasons other than reviews. So don't get stuck on the review limit thing, 300 or 500 can be a decent level just so you can find some reasonably new products selling extremely well in the area. On your second question. I believe more strongly in trying to build fewer but very strong, fast-turning products. This allows more focus and fewer bits and pieces all over the place. However, you can never predict how well a product will end up doing so if I were you, I would focus on the 30K strategy and flex criteria when needed if you get stuck. Aiming high (eg 30k) and falling a bit short (15k) is better than aiming lower (10k) and falling even shorter (5k). Also, building any product takes a lot of time, so rather spend that time building something you really feel could bring very decent revenue and profits.
@@DanRodgers Thanks Dan. It sounds like you're pretty much saying the sky is the limit and you can sell whatever you want then as long as people are still buying the listings with lower reviews or is that not the case? How do you know if the market for a product is just too competitive even with innovation?
Hey Gisele, with many sellers looking for products between 15 and 25usd, looking at higher priced items means you won't be competing with that large pool of sellers.
Hey Mira, this is my favorite profit calculator and I find it quite accurate on FBA fees and Amazon fees, the only parts I would double-check is product cost and shipping per unit. 1) You can check Alibaba for manuf cost 2) On Alibaba, find a supplier with carton size, weight and units per carton present on the listing (usually just below the product image once clicked into their listing) and then head over to Freightos.com for a shipping quote. Alternatively to Freightos quotes, you can just be conservative and add $1 - $2 to the product cost if the product is small to cover shipping estimates and then set the shipping aspect to 0. These are very rough guides for fast research, of course you want to be more accurate when you've narrowed down.
Dan Rodgers I got ☝️. Is there more? When I looked at the reviews though one that product one of the negative one said “ it caught fire” lol that kind of discouraged me from looking further into it... Btw love how you did that, it made me pay attention to everything you said ☺️ Thanks again!
@@princehbk2200 , I am truly sorry to hear that. We all go through this, its unexpected but good news is we all recover from it too & sometime it bring higher purpose. Stay positive & let me know if I can help you with anything please.
would you mind to go on a quick 10-15 min skype call with me to discuss my portable lint remover item? I will compensate you for your time Dan. I have listened to a lot of gurus on youtube and you really strike home man! Your adaptability with how amazon fba chnaged over the the last year or two is up to date and would really like to pick your brain on this portable lint remover niche Thank You-
Shoddy ideas. Segmentation results in cutting the demand! This is very unprofessional video. Price determines demand. Value determines strong customer base. What this guy talking about?
Hi Gisele, I like that you don't like my ideas. Good to hear an alternative viewpoint. You are correct in that segmentation will cut demand. Not segmenting/specializing will leave you in a higher demand area, it will also leave you in a higher competition area. In long-standing Amazon markets, you will face large review counts here and need an extensive marketing budget, but, yes, that's the way to go if your aim is exclusively to sell in the highest demand area possible. Yes, while many price-conscious consumers will always buy the lowest priced product, I don't fully agree on price always determining demand, otherwise people would not buy iPhones at the rate they do, they'd buy cheap phones. Additionally, lower priced items are often lower quality, meaning those consumers return them and go with a higher priced, higher quality product. In this way price is also a determinant of quality (additional value) for consumers. It's also been shown in a lot of studies that when there are 3 escalating price points, a significant percentage of consumers tend to choose the middle rather than the bottom.
I'm wondering the same !! this video is worth 1M views. You have no idea how long I've been looking for what you're saying. Do you offer one on one mentor-ship how can I connect with you?
Thank you Iman! I don't offer one-on-one mentorship or any paid stuff but I am working on a way for this channel's community to have an area for basic QnA as this comments section is a bit limited.
Dan Rodgers Bummer, I’m looking for a one on one for two products that are exactly what you are mentioning. Hope you change your mind.
@@DanRodgers I like the fact that you don't do one-on-ones. Because otherwise you'd spend too much time focused on that rather than creating some of the most useful Amazon fba content (no offence to the original poster though!).
@@yesitstkm thanks yesitstkm! Working on ways we can all interact more
If I search something on Amazon and Dan Rodgers videos appears on that, its 100% sure that He is going to get my click. I really appreciate how much efforts you put into your videos and how easy, you make it for your audience to understand the concepts. Everytime a relevant question/ambiguity pops up in my mind during the video, I get my answer in the next 2-3 minutes.
A BIG THANKS to you. Keep doing what you are doing. Again, I really appreciate your teaching skills. I wish you success and peace!!
Fantastic content. It’s almost like you equipped me with a fishing magnet to pick up gold from the AMZ Sea.
So far, all the videos I have watched are true gem. You quality of video is just far better than many. What you are doing here is just austerity !!
When I become comfortable with money. I will definitely reach you out for a dinner, friend!!
Oh man I just bought this product because I was looking for one of the items on this bundle but I for it to be a better value 19:30 wow I’m hooked. Following every single step.
I've been looking into FBA for about a year. I bought a course and it was ok but I felt I was not prepared to begin and needed more details. I feel that you are the most helpful of all and I am watching most of your content before starting. Thanks and I hope you find great success on YT.
Like as usual before watching 👍
no need for any course when you are on this planet
you are my best UA-camr bro
Another outstanding video! Thanks Dan, each one just gets better!
My sister just recommended, this, I can honestly pay her for this share because this was awesome. Thank you, I will be giving you a few views because I will be back to watch this again.
OMG thank you very much, finally someone knows what he is talking about. thanks for the amazing content. you deserve more views and more likes on this video, this video is at the level of college courses on innovation product marketing
Very useful insights into how to have a different approach to product/keyword research that I feel are still very applicable to today. Awesome stuff Dan.
Great angle, waiting for my FBA verification , so clear to the point.
Awesome content. i was sick of everyone saying to scramble for the crumbs in the market and shy away from competition
Good hints, but you are totally ignoring the biggest market ever, which is selling the same product in different variations.
It is true, selling a unique product is best, but remember, this is highly difficult to find and it requires a lot of investment compared to existing products.
So you address only one type of sellers, those with enough capital to afford unique one of kind products.
In this regard, you do not address the majority.
Apart from that, your advise regarding the profit percentage and minimum sale price are very true and accurate.
I find the analyzing method used by Dan is very clear n step by step , like how we use a formula to solve a math Q👍😀. Hence, your video become very interesting.
I usually don't comment a lot on yt Video thanks for the valuable information u will hit 100k sub
got your point. thanks dan
Video is priceless. Very informative
Again, another SUPER SUPER helpfull video!! Keep it up, Dan!
This is amazon seller art, thank you Dan
I was just asking why these views are so low. You're my favorite youtuber and your information is priceless ❤
Haha thank you Sasha!! Glad I can help
Thank you for such a detailed video!
You are welcome Varia, thanks for watching :)
Another awesome video Dan, thumbs up!!!
Fantastic! I would love you to do a video on potential sources of funds for growth and the pros and cons of each :)
That's a great suggestion! Keep it in house at the beginning for sure but for growth there's a lot of cool stuff I could cover including the interest investors might want etc but also the personal feeling on it and whether it is for you
Brilliantly explained, bro. Thanks. Great content.
at 19:30 there was a soldering iron kit (:
Thanks for sharing this it is GREAT INFORMATION. Looking forward to viewing more of your videos.
Great content, As always, Glad i found this channel.
awesome, very detailed.
Thanks for the video and bringing BETTER content to the forefront.
Very great content Dan! Congrats on the 30k... the product I am looking at now, the prices are all over the place... up to 200 plus with the lowest 39 dollars. It’s a heavy product (13 pounds) .. I believe I can sell it for 149. No one has the design. I like the big and heavy items 👊🏼
Hey dan I’m just getting started in Fba and I was wondering how do you sell products which have multiple products with them for example those hooks you talked about it the video how would you make it so amazon ships these products together to the customer?
Great detailed video, thanks!
It's all sound great. A very smart guy and a very good speaker. One thing I'm missing. When you're talking about improving the products. Are you improving the products which belong to you or the ones you found using the Helium or other tools? When you are improving a product don't you have to pay the royalty to the patents holders or file at least a design patent? Otherwise it's sounds like a piracy and somebody eventually can go after you. Don't you think so?
i learnt so much , thank you!
Wow all I wanted to know in one video
Thanks for your video, liked it
You are good from others. Even your reviews are too low, I think you are the best in youtube for Amazon FBA.
Thank you HAKAN!!
كن فيكون
@@DanRodgers 8n2
@@DanRodgers 8n2
Great content!!! Thank you
very good video Dan.
Awesome video, Dan!
One quick question:
How do I know if sellers with low reviews are selling as well as those with higher ones?
Hope you find the time to help me figure this out. Cheers!
Never mind. Just looked into Helium 10. Thanks anyways!
Very detailed nice work
After so many days, I am watching u😁😁😁😁😆😆😆u r awesome as always
Thank you jahid 🤘 Good to see you 😀
Awesome video!
Great tips, Thanks
You got it Rachel!
Great information
Dan - does this strategy still hold true for 2021?
Dan in one of your video, (perhaps more than once) I heard you mention $2 as shipping cost per piece of most of the items you mention, however, whenever I inquire about shipping cost of most of the products, it has never been less than 5 to 6 dollars per piece from China to USA, no matter what size the product is that I am investigating.
Nasir good point! This has definitely increased, actually doubled recently, so where it would be $1.50 - $2.50 for a smallish item in bulk, now it's more like $3 - $5 for the same. That said, prices have also gone up, due to this and inflation so it gives you a bit of room to sink it in as well. They are very high and should return to more normal levels as the carriers return to more normal operations.
when you have a solution for a product, how do you prevent other seller from copying it from you?
Hi Dan, thank you so much for a great video! I have a question about looking at analyzing product reviews - what if most product reviews are complaints about the product having poor quality and don't reveal much about what the customer truly wants? Other than looking at products frequently bought together and product reviews, what are other strategies you use to understand the customer and what they want? Thanks!
Hey Trisha! You got it :)
On this, firstly, the customers are telling you they want better quality so you could look to create a higher quality item at a higher price point and with time, your good reviews VS the rest of the market's bad reviews, would see you good sales.
Secondly, other than FBT and reviews, you can also:
- Find your ideal customer in real life and ask them, better yet, ask a few and compile exactly what they desire most.
- Find where your customer hangs out online (pinterest, FB, Instagram etc) and then scan those areas for both ideas and sentiment towards certain types of products. You can also ask them here. Forums are also ideal.
- Look at supplier websites of this type of product, what other variants are there. Are some only in certain countries but would be well-accepted in yours? Are there versions that solve certain issues? Versions that aren't on Amazon yet? In your case, are there also higher quality versions?
These are some ways you can establish what the customer wants. The fastest most accurate way will be to find them and then ask them :)
@@DanRodgers thank you for you detailed answer, it's very helpful :)
Hi Dan,
I am a big fan of your videos. I am just getting started and have been stuck in the product research phase.
At 4:08 you say to look for products with max reviews of 300. I understand that the aim is product differentiation and segmentation, however if this is a high demand product, there are likely many listings that have say 1000+ reviews. Is there any limit of high review listings that you would set?
Also, is this $30K listing type in the high demand space something you would recommend for someone just starting out or is it better to first try something in a smaller niche like as shown in your $10K listing video?
Hey Andy! The review limit is one of my least favorite criteria as I feel it comes down more to what exists currently and how much you can innovate.
If you innovate enough, then existing reviews won't matter. Sort of like, if an iPhone 12 comes out, it does not matter how many reviews the iPhone 11 had, people choose the 12 for reasons other than reviews.
So don't get stuck on the review limit thing, 300 or 500 can be a decent level just so you can find some reasonably new products selling extremely well in the area.
On your second question. I believe more strongly in trying to build fewer but very strong, fast-turning products. This allows more focus and fewer bits and pieces all over the place. However, you can never predict how well a product will end up doing so if I were you, I would focus on the 30K strategy and flex criteria when needed if you get stuck. Aiming high (eg 30k) and falling a bit short (15k) is better than aiming lower (10k) and falling even shorter (5k).
Also, building any product takes a lot of time, so rather spend that time building something you really feel could bring very decent revenue and profits.
@@DanRodgers Thanks Dan. It sounds like you're pretty much saying the sky is the limit and you can sell whatever you want then as long as people are still buying the listings with lower reviews or is that not the case?
How do you know if the market for a product is just too competitive even with innovation?
keep doing bro..
Really Nice
thanks
What is the budget for a product that does this much in revenue? Thank you
Hey william, at the very beginning I believe it was about $5k for the first order, manufacturing and shipping and ready for sale.
@@DanRodgers thank you. Your videos are helpful
like, subscribed!
Higher price thin out competition? How?
Hey Gisele, with many sellers looking for products between 15 and 25usd, looking at higher priced items means you won't be competing with that large pool of sellers.
Is this content still useable in 2022
Can I still apply this all in 2022!???
Hey Dan those the same criteria applies if I want a 50k product?
Carlos yes, but make sure the market has sellers doing those numbers and that you have a way to capture a similar size of the market
Hi Dan, how reliable is the Helium 10 profit calculator where it says margin %?
Hey Mira, this is my favorite profit calculator and I find it quite accurate on FBA fees and Amazon fees, the only parts I would double-check is product cost and shipping per unit.
1) You can check Alibaba for manuf cost
2) On Alibaba, find a supplier with carton size, weight and units per carton present on the listing (usually just below the product image once clicked into their listing) and then head over to Freightos.com for a shipping quote.
Alternatively to Freightos quotes, you can just be conservative and add $1 - $2 to the product cost if the product is small to cover shipping estimates and then set the shipping aspect to 0.
These are very rough guides for fast research, of course you want to be more accurate when you've narrowed down.
Dan Rodgers Thank you for the suggestions Dan! And I’m so grateful I found your YT channel!
❤❤❤❤❤
How many potential product frames did you catch? (but don't say what they were 😄)
Dan Rodgers I got ☝️. Is there more? When I looked at the reviews though one that product one of the negative one said “ it caught fire” lol that kind of discouraged me from looking further into it...
Btw love how you did that, it made me pay attention to everything you said ☺️
Thanks again!
I got 2 . but just wondering still they are good?
I AM.. SUBSCRIBED FOR GOOD.
Thank you Mirza!
I remember you from one dime
Hi Prince, I was in JOD too. Have you started selling on amazon yet?
@@Samir-jn4xq no I have some financial problems i cant continue the course. I lost my job so I can't afford it
@@princehbk2200 , I am truly sorry to hear that. We all go through this, its unexpected but good news is we all recover from it too & sometime it bring higher purpose. Stay positive & let me know if I can help you with anything please.
would you mind to go on a quick 10-15 min skype call with me to discuss my portable lint remover item? I will compensate you for your time Dan. I have listened to a lot of gurus on youtube and you really strike home man! Your adaptability with how amazon fba chnaged over the the last year or two is up to date and would really like to pick your brain on this portable lint remover niche
Thank You-
This is a fairytale honey
Its not Tweny Tweny its Twenty Twenty
Dear very informative video... but u deserve more views and subscriber by doing organic seo.....let me know if you need any help
Shoddy ideas. Segmentation results in cutting the demand! This is very unprofessional video. Price determines demand. Value determines strong customer base. What this guy talking about?
Hi Gisele, I like that you don't like my ideas. Good to hear an alternative viewpoint.
You are correct in that segmentation will cut demand. Not segmenting/specializing will leave you in a higher demand area, it will also leave you in a higher competition area. In long-standing Amazon markets, you will face large review counts here and need an extensive marketing budget, but, yes, that's the way to go if your aim is exclusively to sell in the highest demand area possible.
Yes, while many price-conscious consumers will always buy the lowest priced product, I don't fully agree on price always determining demand, otherwise people would not buy iPhones at the rate they do, they'd buy cheap phones. Additionally, lower priced items are often lower quality, meaning those consumers return them and go with a higher priced, higher quality product. In this way price is also a determinant of quality (additional value) for consumers.
It's also been shown in a lot of studies that when there are 3 escalating price points, a significant percentage of consumers tend to choose the middle rather than the bottom.
This is very helpful to me. Thank you so much!
Great one Dan, Thank you.