4.9 • 816 Ratings
🗓️ 22 May 2023
⏱️ 21 minutes
🧾️ Download transcript
Do all of your competitors have the same bad reviews but they're still selling a lot every month? In this episode, I talk about how you can assess the situation when doing product research, if you should consider selling, and whether or not you should invest money to make your product different.
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0:00.0 | Andy, all my competitors have the same bad reviews, but they're still selling a lot of product every month. |
0:08.0 | And you, being super analytical because you're trying to start a business, you're looking for every flaw you can find because you want to make the best product you possibly can. |
0:18.0 | So you're asking yourself, should I bother making my product different? |
0:23.6 | Now you've gotten to this dilemma. |
0:32.8 | What's up guys? You're listening to another episode of Selling on Amazon with Andy Isam. |
0:39.1 | All my competitors have the same bad reviews, but still sell a lot. |
0:46.1 | Should I bother making my product different? |
0:50.2 | This is a question that was asked by a student in one of my programs for my weekly live Zoom |
0:57.3 | Q&A call that I do for students in my Jaguar program. |
1:00.7 | A fan's fantastic question. |
1:02.8 | And I think it's a question that has come up in the minds of a lot of other people. |
1:06.1 | So I figured, you know what? |
1:07.0 | This is a great idea for a podcast episode. |
1:10.1 | But to answer this question, |
1:12.1 | there's some nuances, right? So in this episode, I want to talk about how to kind of assess |
1:18.1 | this situation when you're doing some product research to decide if indeed this is a product |
1:25.1 | that you should consider selling and whether or not you should consider investing the money to make your product dramatically different. |
1:35.6 | So let's just paint a scenario here. |
1:38.4 | And we're not even going to say a product. |
1:40.2 | We're just going to kind of paint a generic picture here of the situation. |
1:44.3 | You're doing your product research. |
1:46.5 | You're using Jungle Scouts web app. |
... |
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