To start a business on Amazon, Alex Huditan advises choosing products with a BSR rating from 1000 to 15000, so that competitors do not have so many reviews.
Also, Alex suggests using the 5-to-the-Power-of-5 Method:
- The first five – is your profit from the sale of one product ($ 5);
- The second – is the sale of 5 units of this product per day;
- The third – 5 variations of this product (color, size, etc.);
- The fourth – expanding the range of up to 5 products;
- The fifth – 5 distribution channels (trading floors, marketplaces, etc.).
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