LISTENERS QUESTION: Sharon Graham
“Hi Nils, I am Australian living in London and am overwhelmed which Amazon market to choose. Do I have to sell in the USA or is it too competitive already and can I even make sales in Australia?”
THE 6 STEP SYSTEM TO PICK & SOURCE YOUR PRIVATE LABEL PRODUCT
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HELPFUL LINKS FROM TODAY’S EPISODE:
- Free training
- Filter different markets by different criteria to see what volumes they do
- Step by step product research training:
MARKET DIFFERENCES – SUMMARY
AU: new and big opportunities
UK: easy to setup EUR
USA: competitive but high Traffic
AU: I would find high volume items and focus the first year only on keyword grows & reviews to get to #1 on all main keywords. Then increase price after 1 year and make big bucks where no one can reach you
UK: find medium competitive – go for non competitive keywords and try a few of the main keywords
USA: find all small traffic – non competitive keywords and start making organic sales, then work slowly up to more competitive words when you can afford it.
Which one makes more money?
I think AU is faster to get in and start making some money + high traffic can make decent money but you have to scale to a point where no one else will enter the market (heat gloves example)
USA same as EUR.. less competitive
How to find out what market is good?
- Use EGROW to determent
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