- Ecom Product Finders
- Posts
- [EPFN] Are you ok?
[EPFN] Are you ok?
Welcome to issue #11 of the Ecom Product Finders Newsletter!
"Don't take criticism from people you would never go to for advice."
Morgan Freeman
Today:
🧸 Childhood problems that mess up adults
📦 Product Drop. Expired patents.
📈 Increase conversion with a few steps using AI
💸 Why are profits being affected so badly?
🤔 Who’s opinion in the industry should you trust and why?
🧸 Childhood problems that mess up adults
We all are affected at some point with childhood problems. I'll share with you one of mine.
The moment I enter pretty much ANY room, I feel guilty. I feel that I did something wrong.
It took me many years to figure out my real problem.
When my mom got pregnant, she tried to abort me, but the doctors said NO. She had another abortion 3 weeks prior and many of them after.
I grew up with a consistent blame that my mom could not have the life she wanted, she did not go to school, and etc.
I learned how to make people comfortable next to me in the first place. If I'm doing something wrong, the level of emotions I'm having is very high because I feel a World-size disaster when it can be something small and easy to fix.
It did lead me to CARE about people more than I care about myself, to put other people's interests before mine, and it also led me to unreasonable sacrifice that did not bring anything good to my family until I realized that it's not the right thing to do.
I was taught that I HAVE TO SACRIFICE. That only through sacrifice would my life be better.
I did realize how bad this problem is when I was listening to Tim Jordan at the Level Up event last week. I cried for hours after his speech. It still hurts. It's worth it. Unfortunately, I can not share the details of his presentation, it’s only for people that were there.
I don't know yet how I'm going to improve my life radically and what it would take for me to feel free from consistent guilt.
Knowing the problem, I have an opportunity to solve it.
People are very, very complicated, and I encourage you to face your childhood problems to make your personal and intimate life better.
I'm not talking to my mom. My mom did not talk to her mom, my grandma (RIP).
I did everything that was in my power to make my kids feel wanted and be close to me, trust me, and believe that to have each of them was my decision, and it was my responsibility to let them have a happy life and freedom of choices without unnecessary sacrifice.
And I still feel guilty that I did not do enough because I know that in many cases, I could do better.
📦 Product Drop. Expired patents.
Let's talk about business.
At BDSS10, we had an AI Product research contest. Our Team took it seriously. However, something that caught my attention and we did not use it in our product research techniques at Ritz Momentum as a starting point of the research:
searching for the products that have an expired patent. Rich Goldstein explained how to use proper filters to find an expired patent. BTW, after the expiration, it should be 15 years until the patent won't be able to be reactivated. So feel free to find an expired patent and make this product better if the keywords still make sense.
use filters: 15 years ago from today, STATUS: application; TYPE: Design Pay attention to the Country of the application. It's territorial.
Look at this one:
Fill out 'hot set' request form to have your problem analyzed free of charge. I'll pick one to feature in my next issue.
📈 Increase conversion with a few steps using AI
When you are selling no matter where, you are selling:
keywords
pictures
solution
Sometimes you also have to create a problem awareness to make the sale more powerful.
Now. Download at least 10,000 reviews of the same product, based on yourself and your competitors.
You can use VOC.AI for that.
And follow those steps:
Download the file with insights
Upload this file to CHATGPT 4o and ask not to do anything
Ask "Please create a perfect customer avatar based on "product name"
Ask: "If you have to chose one biggest problem you can solve for this customer avatar to kill your competitors, which problem would that be based on the insights you just analyzed "
"How would you phrase this one problem in 5 words?"
"What is the problem the product is solving?"
"How would you describe the solution for this problem on a 5th grade level? Make it shorter."
Use it on your main picture and expand it on a 2nd and 3rd. You'll see how your conversion will go up immediately.
Don't forget to test it via PickFu against your current picture and your competitor prior to making any changes.
If you want to share this newsletter with friends and entrepreneurs? We've got rewards for you: free services, Starbucks Gift Cards, and cash prizes!
💸 Why are profits being affected so badly?
Here are my TOP - 5 tips why sellers are not profitable.
First of all, there are plenty of sellers that are making f%%% ton of money. And they are not complaining.
What do they do different from others?
Their product in 90% is differentiated from others and solving the main problem
Go after the ROI, not a high amount units sold
High ticket products do not require usually high AD spend
They use experts in their Journey that are being paid top $ and not Fiverr "experts". One $400 "fiverr" guru can waste thousands of dollars with negative ROI. Pay experts, that will save and make you a lot of money.
COGs that makes sense. Sometimes its worth to go up a bit with a quality by $1-$2 to get a $7-$10 higher retail cost.
Next Thursday Chad Rubin and I will be presenting on a webinar
“Amazon's Dirty Dozen: 12 Untold Profit Truths Every Brand Needs to Know” about profits.
Add yourself to this chat to get the link when it will become available for registrations. No sales. Pure value.
🤔 Who’s opinion in the industry should you trust and why?
In this section, I will be introducing you to an expert you can trust, based on my personal and professional experience.
Choosing the #1 person was tough, because they need to be truly epic!
Since you're all chasing profits, I want you to meet someone who can help decrease your spending and increase your profits.
Meet Ritu Java. She's a winner of multiple challenges, speaking engagements, and AI competitions. She stays current, is an Amazon seller herself, and is always learning. Most importantly, she genuinely cares about people - as you know, that's my #1 priority.
And bonus? She's so much fun!
And the last - very important part for those of you that are looking for a product to launch on Amazon soon. We are preparing a product pack that will be limited for 10 people only. Where we find, validate and put recommendations to customize 10-12 products from the recession-proof categories.
Please reply to this email if you are interested, and I'll send you a link to register if the slots will be available at the time.
How often do you want to read my newsletter? |
See you in 2 weeks or maybe less,
Izabella Ritz
..