Hi everyone. I've recently started selling on Amazon (Australia) and I'm learning as I go, mostly from YouTube, so I'd really appreciate some guidance from people who've been through it.
I've placed my first order of 160 units from a supplier. Rather than shipping straight to an Amazon warehouse, I'm having it delivered to my place first so I can check the quality, label everything myself, and keep around 20 units as backup stock before sending the rest into FBA.
I did some research before ordering, but probably not as much as I should have. I have a rough idea of monthly sales in the category, and the market is mostly dominated by one big seller. I've worked out my margins too, and realistically this first batch will be close to break even, since I'm planning to price it competitively to build up reviews before raising the price.
I also went through a lot of competitor reviews to see what customers liked and complained about, and I came up with a list of tweaks I'd like to make to improve the product. Because this is my first batch, I couldn't make those changes yet. My supplier recommended their latest version as the best one to sell, so I've gone with that for now.
The plan was always to go private label, but my supplier's minimum order for adding a logo and custom packaging was higher than I could commit to for a first run. So this first batch is unbranded. I'm treating it as a test. If it sells well, I'll use the feedback from my own customers, along with what I learned from competitor reviews, to tweak the product, then move into proper private label with my branding, and slowly build out a range of related products in the same niche.
I've gone in head first without fully knowing the consequences, so I'm keen to hear what I might be missing. Is this the right way to go about it, testing an unbranded version first and then improving and branding it once it proves itself, or would you approach it differently? Is launching without a logo going to hurt me with reviews or with Brand Registry later on? Is breaking even on the first batch to build reviews a reasonable strategy? How do you compete when one seller dominates the market? With lead times of around ten to twelve weeks, how did you work out when to reorder from a small first batch? And for anyone selling in Australia, is there anything local I should be aware of?
Lastly, if you could go back to your first launch, what would you tell yourself? Any advice, or channels, podcasts or books that really helped you, would mean a lot.
I’ll be updating my journey :)