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Here are steps 4 and 5 of how to develop your own products to sell on Amazon.

Step 4: Narrow down to niches that you can innovate in

When developing a new product, you can make a list of your interests, and split it down into smaller subcategories. Only list general interests at first and research each one. This could be something that you identify with, a hobby, expertise, part of your profession or similar.

With that, you can then narrow down to niches that will lead you to passionate communities on Facebook, forums or Reddit. We will advise you to connect with these guys and understand what problems they face. Attempt to solve the problems for them – and this can be a breakthrough on your way to innovate a new product for your business.

Below is an example of how you can go about this process. For example, if you are into outdoor sports, you can go down into sub-niches like these:

Step 5: Have the right mindset

When trying to come up with your products, do remember to leave your ego out of the equation. Though we encourage you to start with your interests, it is also equally important for you to look at your business objectively and don’t let your personal emotions or preferences interfere TOO MUCH. Only concentrate on what the market needs and not what YOU think the market needs. Always keep the product-market fit in mind.

We will advise you to try something that you aren’t comfortable with. Step out of your comfort zone, and perhaps go into higher-priced or more novel categories. You may be surprised to find that sometimes you can find more success in such markets, rather than the saturated markets for low-priced and everyday items.

Stay tuned for our next steps on How to Develop Your Own Products to Sell on Amazon!

Learn How to Develop Your Own Products to Sell on Amazon here:

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