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In this video, be ready to be inspired and get great invaluable insight from Nick Young on how to succeed on Amazon. He is the co-founder of MarktplaceOps, Nick came from tech, where as Head of New Business, he helped his company grow from $4M to $50M in revenue.
Today he will talk us through his approach when it comes to Amazon product launch strategy and how he used Amazon giveaway launch strategies successfully on some of their products.
He answers our questions like, where to start with Amazon FBA and what are your strategy when it comes to Amazon FBA keyword rank, how to rank on Amazon, how to launch products, and many more.
One interesting topic he covered was how he determines if a product is a winning product? What are the criteria to keep and continue selling a product or when can you discontinue a product?
He recommends not to drastically increase your price when you're about to be out of stock, because that could negatively impact your conversion rates. You can let yourself run out of stock, maybe increase it by like $1, or $2 but maintain that high-velocity rate, then close your listing, and set your listing to available in the future. Once you come back and start again, do an aggressive coupon code, and run aggressive PPC on your exact match campaigns of the keywords are relevant.
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About Sourcing Monster:
I’m Tomer, a 7-figure Amazon FBA seller who started in 2019. I successfully sold one of my brands in 2022 for almost $2M, and I'm now focused on scaling and exiting another brand for 8 figures. My passion is building and scaling Amazon FBA brands, and I'm excited to share my journey with others through this YouTube channel.
These videos aim to educate and inspire others in the Amazon FBA community by sharing my experiences and strategies. Topics include case studies, new Amazon PPC features, beginner tutorials, advanced strategies, and seasonal strategies.
My mission is not only to grow my own Amazon FBA brands but also to help others along the way. I am always looking to work with new clients and expand my network. Reach out to me anytime: tomer@sourcing-monster.com
Sections:
0:00 Intro
1:02 Nick Young Introduction & Background
3:05 What is CPD Brands
4:29 Best Strategy to Launch New Products
3:15 Amazon Algorithm
16:05 How to Determine if the Product is a Good or Bad
23:57 Variations, Multi-packs Bundles, Etc.
29:40 Marketplace Nick's Company is Focusing Now
36:04 Outro
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you!
