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    Product Research

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    nimranaseer037
    The document summarizes a final project for a gig economy course on researching and validating a product to sell on Amazon. It discusses researching market trends and competition using tools like Jungle Scout and Helium 10 to identify profitable products. It then covers validating the chosen product by analyzing metrics like sales, revenue, and competition. The team selected a 6-piece matte lipstick set to sell using a wholesale business model fulfilled by Amazon. Key reasons for choosing this product and the US market are provided. Helium 10 is identified as the product hunting tool to research keywords and optimize listings to improve sales. Metrics on the lipstick set like monthly sales, revenue, reviews and a profitable period are outlined.

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    © All Rights Reserved
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    Product Research

    Uploaded by

    nimranaseer037
    81 views10 pages
    The document summarizes a final project for a gig economy course on researching and validating a product to sell on Amazon. It discusses researching market trends and competition using tools like Jungle Scout and Helium 10 to identify profitable products. It then covers validating the chosen product by analyzing metrics like sales, revenue, and competition. The team selected a 6-piece matte lipstick set to sell using a wholesale business model fulfilled by Amazon. Key reasons for choosing this product and the US market are provided. Helium 10 is identified as the product hunting tool to research keywords and optimize listings to improve sales. Metrics on the lipstick set like monthly sales, revenue, reviews and a profitable period are outlined.

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    The document summarizes a final project for a gig economy course on researching and validating a product to sell on Amazon. It discusses researching market trends and competition using tools like Jungle Scout and Helium 10 to identify profitable products. It then covers validating the chosen product by analyzing metrics like sales, revenue, and competition. The team selected a 6-piece matte lipstick set to sell using a wholesale business model fulfilled by Amazon. Key reasons for choosing this product and the US market are provided. Helium 10 is identified as the product hunting tool to research keywords and optimize listings to improve sales. Metrics on the lipstick set like monthly sales, revenue, reviews and a profitable period are outlined.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    81 views10 pages

    Product Research

    Uploaded by

    nimranaseer037
    The document summarizes a final project for a gig economy course on researching and validating a product to sell on Amazon. It discusses researching market trends and competition using tools like Jungle Scout and Helium 10 to identify profitable products. It then covers validating the chosen product by analyzing metrics like sales, revenue, and competition. The team selected a 6-piece matte lipstick set to sell using a wholesale business model fulfilled by Amazon. Key reasons for choosing this product and the US market are provided. Helium 10 is identified as the product hunting tool to research keywords and optimize listings to improve sales. Metrics on the lipstick set like monthly sales, revenue, reviews and a profitable period are outlined.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 10

    BBA- 6B

    Gig Economy

    Final Project

    Submitted to: Mam Afsheen

    Team Members

    Nimra Naseer
    Mahnoor Altaf Sahar Hadi
    (Leader)
    BBHM-F18-203 BBHM-F20-203
    BBHM-F20-214

    Sobia
    BBHM-F20-146
    Project Name:
    Product Research and Validation on Amazon

    Page | 2
    Project Description
    Product research and validation on Amazon refer to the process of identifying and evaluating potential
    products to sell on the Amazon marketplace. The goal is to find products that have a high demand among
    Amazon customers and low competition from other sellers.
    Product research involves analyzing market trends, using tools like Jungle Scout, Helium 10 and
    GRABLEY to find profitable product niches, and studying customer reviews to understand their pain
    points and desires.
    Once potential products are identified, the next step is product validation. This involves analyzing product
    metrics such as sales volume, revenue, and profit margins, as well as evaluating the competition on
    Amazon.
    Product validation helps to ensure that the chosen product is a profitable and sustainable investment. It's
    important to note that product research and validation are ongoing processes, as market trends and
    competition are constantly changing.

    Business Model
    Wholesale

    Fulfilment Method
    Fulfilment by Amazon (FBA)

    Wholesale model on Amazon means buying products in bulk directly from a manufacturer or distributor,
    then shipping all of your inventory to Amazon, and they store it for you in one of their warehouses. Then,
    when someone places an order, they'll ship the product to the customer.
    Here are the basic steps of the FBA wholesale business model on Amazon:
     A seller identifies a product or set of products they would like to sell on Amazon.
     The seller identifies a manufacturer or distributor that produces or supplies the chosen products.
     The seller purchases the products from the manufacturer or distributor in bulk at a discounted
    wholesale price and sends them to Amazon's fulfillment centers.
    Page | 3
     Amazon stores the products in their fulfillment centers and handles the picking, packing, and
    shipping of the products to the end customers.
     The seller sets the retail price of the products and lists them on Amazon's marketplace.
     When a customer purchases the product, Amazon fulfills the order using the FBA service.
     The seller earns a profit on the difference between the wholesale price they paid for the product
    and the retail price they sold it for, minus Amazon's fees for storage, picking, packing, and
    shipping.

    Amazon Market
    USA

    Why we choose USA marketplace?

    USA UK
    Good profit margin Low profit margin
    Wholesalers and distributers are easily available
    Difficult to find wholesalers with good profit
    in US market margin

    Sellers with low investment can also earn profit Sellers with low investments can’t have good
    ROI
    Less Tax VAT (20%) to amazon and wholesaler
    Low demand of products on amazon as compared
    High demand, high competition to us market because UK people prefer eBay
    mostly.

    Page | 4
    Product Hunting Tool

    Helium 10 is a suite of software tools designed for Amazon sellers to help them manage and optimize

    their businesses on the Amazon marketplace. The suite includes a range of features such as product

    research, keyword research, listing optimization, inventory management, and advertising optimization.

    With Helium 10, sellers can find profitable products to sell on Amazon, research and analyze keywords

    to improve product visibility and rankings, optimize their product listings to increase conversions, track

    their inventory levels, and manage their Amazon advertising campaigns to maximize their return on

    investment.

    Helium 10 is a popular tool among Amazon sellers and has been used by many successful businesses to

    grow their sales and profits on Amazon.

    Page | 5
    Winning Product

    Page | 6
    Product Profile
    URL https://amazon.com/dp/B083QNQQP9

    ASIN B083QNQQP9

    Brand Best Land

    Product Category Beauty and Personal Care

    Product Name 6 Pcs Matte Lipstick

    BSR 60032

    Price 11.88

    Monthly Sales 4873

    Monthly Revenue 48758.99

    Reviews 396

    Rating 3.9

    No of active sellers 2

    Weight 1.11012

    Storage Fee (Jan - Sep) 36.6795

    Storage Fee (Oct - Dec) 127.5810417

    Best Sales Period 12/01/2022

    Page | 7
    Helium 10 Results

    Page | 8
    Keyword Research

    Google Trends

    Page | 9
    Profit Calculation

    Page | 10

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