Tom Wang's video: DON T MAKE THESE 6 MISTAKES WHEN LAUNCHING YOUR PRODUCT ON AMAZON

JOIN MY FBA MASTERCLASS - https://masterfba.com/video In this video I talk about 6 mistakes that beginners make all the time when it comes to launching their product on Amazon. Don't make these mistakes to increase your likelihood to succeed on your Amazon FBA journey. You are NOT ready to launch if you haven't done your product research, don't have high quality product photos on your listing, if there's no copywriting completed, and if you haven't chosen the price to set your product at yet. You're also not ready if your listing just looks bad - most people make this mistake by hiring cheap photographers, copywriters or graphic designers. These all have to be prepared already once you've made your 30% deposit, then go full throttle once your inventory stock becomes available. Before targeting a keyword, make sure to pick one that is optimized for maximum discoverability. If your competitors aren't even showing up on Page 1 of Amazon's search results for your keyword choice, you probably chose the wrong one. Choosing the wrong keyword will greatly lower your conversions and sales. A competitive price can be a good incentive for your customers to buy from you if you're new to the marketplace. You can price your product at 5-10% profit margin or at break-even. Once you get that sales volume and momentum up, then get ranked on Page 1, you can then raise your prices at a sweet spot that works for you. Keep track of your organic traffic and sales per day, as these numbers are really important. If these metrics are rising quickly and you're selling a lot of units rapidly, you have to re-order from your supplier ASAP. Other two important metrics to understand on your Amazon business reports are Sessions and Conversions. You want them to be as high as possible. When it comes to getting more exposure, make sure your listing is very good before spending money on marketing (like PPC or Rank N Bank). Don't make these 6 mistakes when launching your product on Amazon - have all of these good foundations built first for higher chances of succeeding. Timestamps: 0:48 Mistake - Not Ready For Takeoff 2:23 Mistake - Picked The Wrong Keyword 3:46 Mistake - Terrible Listing 4:26 Mistake - Priced The Product Too High 5:42 Mistake - Not Re-Ordering Quickly Enough 7:05 Mistake - Not Understanding Session & Conversion 9:07 Good Listing vs. Bad Listing Comparison 9:30 Good Listing Example 11:39 Bad Listing Example --- Who is Tom Wang? Hi I’m Tom Wang. Just a few years ago, I was a pretty normal guy who worked at a sales job. But I felt stuck. I’m from a Chinese immigrant family, so taking care of my parents financially was always a big important motivator for me. The problem is I knew I wouldn’t make enough at any job to do this. So I looked to start an online business. After 10 months of starting on Amazon, I was ready to throw in the towel. I sat my girlfriend down to let her know I was going to quit - like I did with so many of my other side hustles. But she didn’t let me. She reminded me - just one successful product on Amazon would change our lives - and she was right. We launched our 3rd product that’s the one that finally took off. Since then I’ve made over $6M+ in sales, I’ve traveled the world and I live my dream life. The purpose of this channel is to document my journey, and to help the people who were like me back in the day. I talk about Amazon strategies. Tips on being an entrepreneur. Life hacks I find out about. And more. Wherever you are on your journey, I hope to help you move closer to your dreams and to help those you care about too. 🔔 SUBSCRIBE 👉 http://bit.ly/YouTubeTomWang 👈 FOLLOW ME ON INSTAGRAM https://www.instagram.com/tomdotcom.ig Email: hello@tomwang.io Podcast: http://bit.ly/tomwangshow DON'T MAKE THESE 6 MISTAKES WHEN LAUNCHING YOUR PRODUCT ON AMAZON https://youtu.be/laTCihBjYG4 https://youtu.be/laTCihBjYG4