Clearly, there's a lot of demand on Amazon, and if any product is going to sell, it's going to sell well on Amazon. But the goal here is to source the right products that will easily sell at the world's largest online retailer. Generally, products between $10 and $50 sell very well here. Just be sure to do the right market research before jumping on this bandwagon.
Oleg is the co-founder and CEO of SEMrush, an all-in-one marketing toolkit for digital marketers. Oleg has grown SEMrush to 400 employees in four offices around the world and in 2016 they celebrated 1 million users (!!!) with clients in more than 100 countries. Here's Oleg's best business advice for first-time entrepreneurs looking to start a business of their own:
If you’re looking for inspiration, my friend Michelle Schroeder-Gardner of the website Making Sense of Sense has become the expert on all things affiliate marketing. Michelle earns more than $100,000 per month from her blog and the bulk of her income comes from affiliate sales. Michelle has had so much success with affiliate marketing that she even has her own course called Making Sense of Affiliate Marketing.
Noah's the Chief Sumo at AppSumo, a community for entrepreneurs to discover and utilize the greatest products and online tools for growing a business. He also runs Sumo, a powerful suite of tools for growing web traffic, and was employee #30 at Facebook before getting fired and moving on to be an early director of marketing at Mint. Here's his business advice for entrepreneurs wanting to start a business for the first time:
Just like optimizing your site to rank for keywords, you can use our online marketing tips to pay to run advertisements on Google so that your business is shown on the first page of search results. Ranking this way is instantaneous where as SEO takes some time before you will be able to see your site on the first page of search results. It certainly pays off to be at the top of the page.