I ran a poll in my Facebook group (click here to join) to find the biggest challenge to Amazon sellers - the answer was the difficulty in finding enough profitable products to sell on Amazon.
In this blog post I'm going to show you a method of product sourcing that I have never seen anyone else use before. A great way to get ahead of the competition.
In this method we're going to let customers tell us what they want to buy.
What Is An Amazon Wishlist?
You may already know that Amazon customers can create Wishlists - lists of products that they would like to have bought for them from Amazon. These are often for birthdays, weddings or births, but also people don't have to have a reason for them - they can just add products to their list that they would like.
How Does This Help Us Find Products To Sell On Amazon?
The fact that someone has added a product to their Wishlist means that they want it, correct?
It doesn't guarantee that it's a popular product, but it's unlikely that people would want something that wasn't popular.
Therefore we know that there is a strong chance that products on Wishlists could be good sellers, we just need to access those lists and see if we can find the products on other online stores.
There are two main methods to finding products using the Ishlist. The first is pretty obvious, the second is a bit more sneaky and one that I haven't seen anyone else demonstrate.
EXTRA TIP TIME An extra way to find popular products to sell is to use the Amazon Gift Ideas pages which you can find in the same place as the popular Wishlists):
Then it's just a question of going through the categories, selecting the products that you want and seeing if you can find them in other online stores at a price that will make you the profit that you want.
This method is one that I have come up with myself. You can actually view the wishlists of millions of people, and get the information from there. I will even show you how to extract that information into an excel or csv file.
There are different ways to get a lot of finding the lists, but I tend to just put one letter in the search
bar and find them that way:
Make sure you have the Include Name Variations box ticked. You can see in that previous screenshot
that there were over 2 million wishlists - quite a lot of data to get started with! You can then pick a
wishlist and see what products they have added:
You can either manually go through the list, or use this nifty free tool I found to extract the data into a file (I have no connection with this tool, I just happened to find it via Google!). It doesn't seem to work on every wishlist but does work on most of them. You can access the free tool by clicking here .
It's a Wishlist Exporter that lets you put in a wishlist URL and it pulls all of that information from Amazon. You can filter the columns, print off or export in various formats. You will need Flash to be enabled in your Chrome browser for it to work (you can find instructions on how to enable Flash if you CLICK HERE ).
You could build up a file of products that you could run through something like Tactical Arbitrage Reverse Search.
You could go through the products manually.
You could give the lists to a Virtual Assistant and get them to do the hard work for you.
If you don't have a product sourcing Virtual Assistant, don't worry, I've got you covered in this product sourcing post.