Pricing Your Amazon Product
- Arnold Shields
- Jul 7, 2016
- 1 min read
Updated: May 23
I have been researching products on Amazon using the Jungle Scout extension and a common thread applied throughout almost all the searches:
Price is not the dominant factor.
In many cases, the best selling product was the most expensive. The relationship between price and volume was not lower prices = higher volume but higher prices = higher volume.
Which means that people buying on Amazon were not looking for the cheapest price but other factors.
People are looking for the a product that will solve their problem and that product will put them in a better position than they were before.
I put together a quick video using the case study of two best selling products but one makes $40,000 per month profit and the other makes $3,000 per month profit on almost the same volume.
Here's the thing - they are exactly the same product.
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The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. While every effort has been made to ensure the accuracy of this content at the time of publication, tax laws and regulations may change, and individual circumstances vary. Dolman Bateman accepts no responsibility or liability for any loss or damage incurred as a result of acting on or relying upon any of the information contained herein. You should seek professional advice tailored to your specific situation before making any financial or tax decision.
