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Following us so far? Great! Here are steps 6 and 7 of how to develop your own products to sell on Amazon.

Step 6: Research problems in the niche

It is impossible to achieve success without ample research. Therefore, always remember to find out what are the problems in your niche, and focus on creating solutions for them. Simply ask yourself: are there products that aren’t around, but people wish they existed? Sometimes, innovation is just some simple things that make a product easier to handle, or just more pleasing in its design.

Basically, your first rockstar product should be something that you can sell over and over again for a long time. Create a genuine new product with a great feature that makes people’s lives easier. Keep finding problems, and creating more products that solve them, and your business will grow in no time.

Step 7: Make sure you can access the market

Before you even get started with a product idea, you should consider carefully if you can actually reach your target audience and customers. You need to know clearly the connections, such as certain suppliers or marketing agents, of the specific markets you want to tap into. For example, if you want to sell renowned products from brands like Nike, Adidas, Sketchers, etc, make sure that you have connections to the original manufacturers, and also the correct people who can help to promote your products brands.

Sometimes, certain markets require you to have years of marketing and essentially a lot of money as investment capital (for example, branded goods like women’s bags from Gucci, LV, Armani, etc). If you cannot reach these connections, this can quickly be the end of your e-commerce career. Some more, in niches with high competition items like women’s bags, you also have high PPC costs that can quickly evaporate your profits. Thus, make your decisions wisely, otherwise, you will find your business constantly in survival mode, needless to say any development.

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

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