"What Products Should I Sell On Amazon?"
17 Aug 2018 · 3 min
2:30
Ryan Daniel Moran advises on picking what to sell on Amazon. He says focus on markets first, not products. Abraham is starting a new brand and needs help choosing where to compete.
Ryan Daniel Moran advises on picking what to sell on Amazon. He says focus on markets first, not products. Abraham is starting a new brand and needs help choosing where to compete.
Abraham, what can we do you for?
I want to build a new large brand, and I want to know what industry decides for drugs he thinks have good potential.
All right, so the question is. I'm sorry, I'm a little. It's Abraham, right?
Yeah.
Abraham. Requesting permission to respond as drunk Ryan and not as sober Ryan.
Sure.
What I just heard you ask is I don't know what business to go into. Tell me what market I should choose. Is that the question?
Yeah.
Bring me three, and I'll help you choose the best one of the three.
I'll wait.
Wireless touchphones, cell phone cases, and kitchen products.
You're thinking about products, not markets, man. So it's very common for people who are seeking opportunities to say, what products should I sell? Because they're looking for opportunities in cash flow. So the only way you're going to be able to win that game is finding some sort of a gap in the marketplace that you can exploit for a short period of time. You're not thinking about markets right now. You're thinking about products. You're thinking about, how do I make money? That's going to be a really hard game because everybody's playing that game. But the minute you know who you're going to serve versus what products you're going to sell, that's where you start to make a shift as an entrepreneur. Now, out of the three that you just mentioned, I'm going to scrap the first two because those were very, very product heavy. So if you're going to go out of the three, go with kitchen, because at least you can find an identity on a person that you can target, which is probably going to be moms. But for you to be successful in that, you've got to get really, really clear on who the person is on that market, not just what product you're going to sell. Make sense?
Yeah.
And I'd add, like, back to the finance brain side of things. Find products where you can manage lead times a little bit better, because people who tend to do really well are ones who are able to turn over inventory quickly. And that just means less investment that you need to put in the business. And as a consequence, that also means the faster you make money.
Just sell Viagra, no drugs.
You got it. Thanks, Abraham.
Sa.
