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Last but not least, let us show you the last step to how to develop your own products to sell on Amazon.

Step 10: Have a reality check

After you did all the steps required, always remember to take a step back and find out if there are any big barriers to going ahead with the product. Here are some questions you may want to ask yourself.

Industry-related
Some industries are tied down with all the suppliers working for a few major customers. Ask yourself honestly: do you have the chance to work with the suppliers that you need? Or are there patents, licenses or royalty fees that you need to invest in first? Sometimes the costs, licenses or certifications required are simply too high, and it may not be worth it, especially when you are just a small start-up.

Technical-related
Do you have the technical know-how to develop such a product? It’s true that you can engage engineers and designers to help you with the bulk of the developing process, but then again, you need to understand enough to collaborate on prototypes and make decisions based on their advice.

Business-related
Can your target audience actually afford your product? Your solution might work perfectly but be way out of their price range. Talk to the community groups and ask what they would pay for a certain product. You can also validate a product or its price by starting a PPC campaign on Facebook with a “buy now” button that leads to a page where people can buy samples of your product. This is a good way of gathering data from potential consumers and hence get a sensing of whether people are interested in your products at all.

Remember, your ultimate goal for developing your own products to sell on Amazon is to scale your business. Do ask yourself – will your product be that “one-hit wonder” that there is no way to ever repeat, or can you see other problems in this niche just waiting for a solution?

Are you more confident about developing your own products now? Stay tuned for more tips like this, and see you soon!

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We'll discuss to see if we are a good fit to work together to help you start or scale your ecommerce business.

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