488: AI Powered Strategies To Make $274/Day Selling On Amazon (Step By Step) – Family First Friday

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What’s up everyone, you are listening to the My Wife Could Her Job podcast where I teach you how to make money online by exploring different tools, strategies, and understand how to leverage human psychology to grow your sales. Welcome to a special segment of the show called Family First Fridays where I go solo to give you my thoughts on how to make money without sacrificing your lifestyle. Now, if you haven’t picked up my book, The Family First Entrepreneur yet, head on over to mywifecouldherjob.com slash book, fill out the form, and get over $690 in free bonuses.

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Now today’s episode, I’m going to show you the quickest way to start selling on Amazon step by step by leveraging the power of artificial intelligence. I’m to go over everything about how to use AI to help you find a profitable product to sell, how to find suppliers, and how to put up a high converting listing with the power of AI. Now if you want to make a six figure income within a year, then there’s no better way to accomplish that goal than by selling physical products online. And the reason why I’m teaching you how to start selling on Amazon

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in today’s episode is because Amazon has a large built-in audience of shoppers who are already looking to buy your products. You don’t need a website, you don’t really need any technical knowledge, all you need is a product to sell and a camera and you should be good to go. And by leveraging the power of AI and chat GPT, you can get up and running in record time. Now the first step obviously is to find a product or a niche to sell into. And the easiest way to do this,

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is by looking at what you are interested in or knowledgeable about already. Basically, you want to sell a product in an area where you have some sort of expertise or an unfair advantage. For example, my student Amanda Wittenborn makes millions of dollars every year selling custom designed party supplies because that’s what she’s good at. She’s a genius at creating beautiful designs and she is super creative. Another student in my class, Jesse Funk, he was just interviewed in the last episode.

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makes six figures selling card games because he loves to play and design his own games. And my friend Bill sells phone holders for drones because he flies drones for a living. Anyway, you get the point. Lots of people get stuck during the brainstorming phase. But if you are completely clueless about what to sell, you can simply ask ChatGPT. For example, let’s say you’re really into fishing, but you can’t think of anything to sell. Just open up ChatGPT and use this exact prompt.

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Give me a list of 10 products that avid fishermen will want to buy that are novel or unique that do not involve electronics or tech. And within seconds, this is what Chad GPT gave me. Glow in the Dark Fishing Line. This product allows fishermen to see their line even in the dark, making night fishing a whole lot easier. Personalized Fishing Lures. Hand painted or gray fishing lures can make a unique gift for the avid fishermen. They can be personalized with names, dates, and colors and patterns. Magnetic Wristband.

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for keeping track of small metal items like hooks, swivels, and other tackle accessories, fishing rod carrier sling, an ergonomic and efficient way to carry multiple rods and reels, leaving the fisherman’s hands free for other tasks. I’m not gonna read them all off, but there were a bunch. And if you don’t like any of the ideas that ChatShip BT suggests, you can just continue to ask it until it gives you a product that you might wanna sell.

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By the way, if you’re enjoying this episode so far, make sure you sign up for my free six day mini course over at mywifequitterjob.com slash free. Now, after you find a potential product, the next step is to figure out if there is demand for that product. And to gauge how much money you can potentially make, you can use a tool called Jungle Scout. All you have to do is search for that product on Amazon and use the Jungle Scout Chrome tool to see how much that product sells for on Amazon. Now, out of all the ideas that I just read off,

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Let’s just use magnetic wristband as an example, because that’s a product that Chad GPT suggested. Now, according to Jungle Scout, it looks like these magnetic wristbands sell extremely well on Amazon, generating over $9,000 per month in sales on average for each seller on the front page of Search. Sounds pretty good, but you never want to sell the exact same product as everyone else. So if you look at all the Amazon listings for magnetic wristbands, you’ll notice that almost all these wristbands look

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pretty much identical. They are all black or red, and none of these listings have a phishing theme to it. And again, you never want to sell MeToo products, especially on Amazon, so you need to improve upon this product somehow. You always want to sell a better or a different mousetrap. So with ChatGPT once again, here’s what I would ask AI. If I wanted to sell magnetic wristbands, how could I make my product unique or different from everyone else? And here’s what ChatGPT said.

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Design. You can offer your wristbands in a variety of colors, patterns, or styles to cater to different personal tastes. You can even offer a customization option where customers can choose their color and have their name or special message engraved on it. Material quality. You can use high quality, durable, and comfortable materials that will stand up to heavy use. The strength of the magnet. You can opt for stronger magnets that can hold more and heavier items securely. Make sure to test and verify the weight that each magnet can hold. Additional features.

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You could consider adding extra features like a small pocket for non-magnetic items, a small built-in LED light for visibility in low light situations, or a hook to attach a fishing tool. Now, if you look at the other magnetic wristbands on Amazon, you’ll notice that none of them have an LED light built in or allow for personalization. And some people are also complaining that the magnets are weak. So thanks to ChachiBT, we now have our unique value proposition. Next step.

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is to find a supplier who can provide you with the product you want at a price that allows you to make a profit. And there are number of ways to find a good supplier. For example, you can use Alibaba to search for manufacturers of the product you want to sell. You can filter your search by location, price, and other parameters to find the best supplier for your needs. can also attend a trade show like the Canton Fair. Attending a sourcing convention is always a great way to meet manufacturers and suppliers face to face, and it’s an opportunity to see their products up close.

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Now before COVID, I actually used to go to the Canton Fair every other year. You can also hire a sourcing agent to help you find a supplier that meets your needs. And they are experts in finding and vetting suppliers, and they can save you a lot of time and effort. Now just for the same example, let’s just use Alibaba. I would simply type in Alibaba magnetic wristband. And according to Alibaba, these wristbands sell for about one to $3 per piece. And when using Alibaba, you should always filter for assessed suppliers only.

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Now if I were to source these wristbands, I would message as many factories as I could for quotes to create a magnetic wristband with an LED light built in and extra strong magnets. I would also ask if I could print my own fishing themed image on the wristband. Now not every supplier is going to respond, but for the ones that do, you should ask to pay for a sample of the wristband. Make sure you’re happy with the quality, check the minimum order quantity and the pricing, and if you’re happy with what you receive,

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you can then proceed to order a small batch of product to test the market, and then move on to larger orders once you’ve validated that your product is in demand. Now, when working with a supplier, make sure you have a clear and written agreement about the terms of the deal, including delivery times, payment methods, returns, and guarantees on quality. And for example, when we order linens for our store, we expect a defect ratio of less than 3%. It’s also important to keep open communication with your supplier to ensure that everything runs smoothly.

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We have all of our vendors on WhatsApp or WeChat. Now as your product is being manufactured at the factory, it’s time to work on your Amazon listing. First off, you need to sign up for an account. I would recommend that you sign up for a professional seller account right away, because if you plan on making six figures, you’ll want all the added features that a professional selling account offers. Meanwhile, you also want to pick a brand name for your product and register the domain and make sure the trademark for your brand is available.

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The best tool to brainstorm brand names is a tool called Brandsnap.ai. All you got to do is enter the products you want to sell and it will make up a ton of domains for your review where the domain and the trademark is available along with all your social media handles. Basically this tool will save you a ton of time. So looking at the list that Brandsnap generated, it came up with a name called FishingGears.com with a Z. I mean not a huge fan but I didn’t have time for this example to exhaustively brainstorm but

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I do know that phishinggears.com is available along with the trademark and the social media handles. So then I would just register the domain and grab all the social handles and go back to Amazon. Now, if you are unfamiliar with selling on Amazon, Amazon is a search-based e-commerce marketplace. And basically what this means is that the way people shop on Amazon is by entering a search term for what they want to buy. So if you want to sell magnetic wristbands on Amazon, you must first know what people are searching for related to that product.

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And the tool that I use to find out these keywords is called the Jungle Scout Keyword Scout. By typing in magnetic wristband in a Jungle Scout, it gives me all the permutations of the words magnetic wristband that people are searching for, along with the number of searches per month. For example, magnetic wristband gets about 4900 searches per month. Magnetic wristband for holding screws gets 5400 searches. Basically, you want to compile a list of as many different keywords as possible that people are searching for on Amazon for your product.

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Jungle Scout does cost money though, but don’t be stingy. You absolutely need a tool like Jungle Scout because it’s impossible to predict what people are searching for online. For example, the keyword Cinturon para Jaramentias is one that I never in a million years would have thought of because I don’t speak Spanish. Now armed with this keyword list, it’s time for the final step. Create a high converting listing on Amazon with these keywords. Now in order for your product to be found on Amazon, you have to use the keywords that we found in Jungle Scout

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in the titles and the bullet points. And this is basically how Amazon understands how to classify your products. Now, if you skip the Jungle Scout keyword step, then no one’s going to be able to find your products. And now for the fun part. You can literally ask ChatGPT to create your Amazon listing for you and incorporate the keywords in a well-written fashion that sounds natural. Here’s what you do. First off, if there’s already a product on Amazon that is similar to the one that you are selling,

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you can tell ChatGPT to create you an Amazon listing based on that product. For example, I found a product and I found the ASIN, which is the Amazon part number. And then using ChatGPT, I entered this prompt to remind me with the details about that ASIN. And in order for this to work, there’s a special ChatGPT Amazon listing plugin that you must install. But once you enter in the prompt, at this point, ChatGPT will go out to Amazon and load that product into memory.

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And then from there, you can simply tell ChatGPT to write a title and bullet points for your Amazon listing using the keywords that you researched with Jungle Scout. ChatGPT will then create your Amazon listing that you can just simply cut and paste into Amazon. And once your product arrives from the factory, you can then make your listing active and start selling immediately. So as you can see, by leveraging the power of AI, you can quickly and easily find a product to sell, find a brand name and domain,

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Create an Amazon listing and start selling extremely quickly. Now obviously all this stuff is a little hard to explain in a podcast, so if you’re interested in learning more about how to get started selling online, make sure you sign up for my free six day mini course over at mywifequitterjob.com slash free.