[EPFN] Are you prepared for Prime Day?

🤖 Find a Profitable Product with AI Bot for Free

Welcome to issue #15 of the Ecom Product Finders Newsletter!

In case if you missed last newsletter, here is the link 👇🏻

🔄 Support and Consequences: I don’t want to spit at myself in a mirror

📈 Audiobook Revenue and the Number of Listeners Continue to Grow

🤖 Find a Profitable Product with AI Bot for Free

📝 Check-List for Prime Day

 

🔄 Support and Consequences: I don’t want to spit at myself in a mirror

There are people you help without expecting anything in return, just because you think they are great. You put your soul, time, and belief in them. You recommend them in public, and you send them clients.

Later in life, you meet them, and they say,

“I feel so bad. You’ve done so much for me, and I’m not doing anything. What can I do?”

And you say, "Just send me clients." And they do. A couple. You don’t close them, but you feel good that they did something.

Then these people start advertising that they are offering the same service, despite not being experts. You think it’s just a coincidence. You don’t believe it, but it’s okay.

It’s business. Nothing personal.

Another day, these people involve you in unexpected professional drama you’ve never faced before, by disclosing a very private conversation you’ve had in a past to third parties.

Then those people call you, saying they want to do something BIG. “I want to go BIG,” they say, and they want you to be there.

Great. Let’s do it. You keep trying to believe in this person.

And then this “I want to go big” ends up weighing on your shoulders. I'd say 85% of it.

After this “big” project, your name won’t even be mentioned. And that’s also okay.

All of us have patience to some extent. All of us have limits.

All of us have success stories. Some of us have dignity.

Some of us have ethics.

Fewer of us recognize people once we've built cash cows.

All of us fail. Not all of us have people who stand by us when we go through hard times.

Only a few of us stand by our values, look proudly in the mirror, and don’t want to spit there instead.

📈 Audiobook Revenue and the Number of Listeners Continue to Grow

The audiobooks market is booming and is expected to achieve impressive milestones:

  • Revenue Projections: Worldwide revenue in the audiobooks market is forecasted to reach $7.93 billion by 2024.

  • Growth Rate: The market is anticipated to demonstrate a compound annual growth rate (CAGR) of 10.44% from 2024 to 2029, leading to a projected market volume of $13.03 billion by 2029.

  • User Growth: The number of audiobook listeners worldwide is projected to reach 1.8 billion users by 2029.

  • User Penetration: User penetration is set to be 18.7% in 2024 and is expected to rise to 21.7% by 2029.

  • Average Revenue per User (ARPU): The ARPU is expected to be $5.46.

  • Top Market: The United States is predicted to generate the highest revenue, with $3.41 billion in 2024.

This rising demand for audiobooks reflects a global shift towards convenient and immersive storytelling experiences for consumers.

🤖 Find a Profitable Product with AI Bot for Free

We created a bot for YOU to be able to find a product on Amazon based on the categories:

  • Electronics

  • Home and Kitchen

  • Sports and Outdoors

  • Health and Personal Care

  • Toys and Games

  • Beauty and Grooming

  • Office Products

  • Pet Supplies

  • Tools and Home Improvement

  • Clothing and Accessories

This is one of many we are building!

And if you are planning to give it a try:

Just reply to this email. A simple “I will use it” This helps ensure the email gets delivered to you and all our readers every time.

Thanks a lot!

July 8-12, I’m hosting a free of charge

Product Research and Validation Challenge,

where you’ll get all tools to use for free!

SmartScout, Voc.Ai, and DataDive are providing free access for the challenge.

I promise the value will be mind-blowing! It will be an experience you’ve never had in the past!

We are about to be sold out for the AI Conference

Here are the things to expect:

  • Expert keynotes

  • All-Day Network

  • PPC powered by AI

  • Insights into AI trends and future developments

  • Product development by AI

  • Building Ai - Assistants and Teams

  • Opportunities to collaborate with peers and professionals

  • Case studies and real-world AI applications

📋 Prime Day Preparation Checklist

🛒 Product Selection

Bundle Offers: Create attractive bundles to increase average order value.

Exclusive Deals: Set up your Prime offers using Prime Exclusive Discounts.

Stock Check: Verify you have enough stock to meet anticipated demand.

💰 Pricing Strategy

Determine Pricing: Determine pricing based on your goals. Remember, it's not always beneficial to drop the price.

Competitive Pricing: Adjust prices to be competitive while maintaining profitability.

Discounts and Coupons: Set up discounts and coupons to increase your conversion, but don't go crazy.

Dynamic Pricing: Consider using dynamic pricing tools to stay competitive.

📈 Marketing and Promotions

Email Campaigns: Plan and schedule email campaigns to announce your deals.

Social Media: Create engaging social media posts to promote your Prime Day offers.

Influencer Partnerships: Collaborate with influencers to extend your reach.

Paid Ads: Increase your bid for PPC campaigns to drive more traffic to your listings. You just have to win an auction.

🛍 Product Listings

Optimize Listings: Ensure product titles, descriptions, and bullet points are optimized with relevant keywords.

 Run Prime Day discounts campaigns 365.

High-Quality Images: Use high-resolution images and add lifestyle photos. Communicate to your clients about the solution your product offers, not just the pictures.

A+ Content: Enhance listings with A+ Content to improve conversion rates.

📊 Performance Monitoring

Sales Dashboard: Set up a dashboard to track sales performance in real-time.

KPIs: Monitor key performance indicators such as conversion rate, traffic, and average order value.

Adjust Strategies: Be prepared to adjust strategies based on performance data.

📧 Customer Service

Response Team: Have a dedicated team ready to handle customer inquiries quickly.

Automated Responses: Set up automated responses for common questions.

Post-Sale Service: Plan follow-up emails to thank customers and request feedback.

🔄 Post-Prime Day

Analyze Performance: Review sales data to understand what worked and what didn’t.

Customer Feedback: Collect and analyze customer feedback to improve future promotions.

Restock Inventory: Replenish stock based on best sellers and popular items.

Prepare for Returns: Be ready to handle returns efficiently and maintain customer satisfaction.

To minimize your FBA shipping cost enroll into Amazon SIPP Program

Ships in Product Packaging, or SIPP, is a fulfillment strategy where products are sent to customers in their original packaging.

This means the external product box itself has the shipping labels attached and is used as the shipping box, instead of being packed in Amazon-branded materials.

In the latest episode of the “Amazon Made Simple Podcast”

Noemi Bolojan shared the fundamentals of running PPC campaigns.

If you are into Journaling, I recommend you this one 👇🏻👇🏻👇🏻

The Journal PromptInsightful journal prompts sent to your inbox weekly.

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I think that’s it for today.

I’ll see you soon!

Izabella Ritz