In this episode, we're bringing back our very popular series "Life After Crowdfunding." And today's topic of Amazon is one of our favorites—it's the 800-pound gorilla of e-commerce that you cannot ignore. Let's dive right in!
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⭐ During this episode, we detail these takeaways:
1. Crowdfunding success doesn't necessarily lead to e-commerce success.
2. Amazon provides a wealth of readily-available intelligence that can help entrepreneurs to gauge how much demand exists for a product, how well (or poorly) those demands are already being supplied by competitors, how intense and/or mature such competition is, and what prices they need to either match or beat, all of which may help them to avoid wasting their resources on developing products that people don't want.
3. Amazon sellers can't ask for a premium price without offering a premium product.
4. Amazon prices should cover an Amazon referral fee of usually 15%, and perhaps an Amazon fulfillment fee that varies according to product.
5. Amazon sellers should perfect their listing before their marketing, and then quickly accumulate high-rated reviews from customers to build a good reputation that will boost sales.
✍️ Click here for this episode's complete show notes!
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