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Built by Business: Amazon FBA, E-Commerce, Brand Building

#283 - Repeat purchase products vs complementary products

Built by Business: Amazon FBA, E-Commerce, Brand Building

Andy Isom | Amazon FBA Seller & Agency Founder

Business, Entrepreneurship, Marketing

4.9816 Ratings

🗓️ 13 September 2023

⏱️ 31 minutes

🧾️ Download transcript

Summary

When it comes to starting your brand, you have to think about where you see it in three, five, or ten years down the road. Most people only think about what will happen in three months. You have to have a vision and know what you want your brand to become. In this episode, I talk about how you should go about your first product line strategy. 

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Should you focus on like the business strategy of a product that is going to be a repeat purchase

0:06.8

product? So something that people will buy over and over and over again, you know, that would

0:10.7

be considered repeat purchase products versus the business strategy of building out a complementary

0:17.7

product catalog. So all the different products that you may sell in the future

0:22.1

that you might come out with for product two, product three, product four. They're all in the same

0:25.3

niche, but...

0:30.6

What's up, guys? You're listening to another episode of Selling on Amazon with Andy Isam.

0:38.3

In this episode, we're going to talk about repeat purchase products versus complementary

0:43.1

products. What are the better products to sell on Amazon? And I think more specifically in this

0:49.9

episode, I'm talking about your very first product or your very first product line.

0:56.3

So should you focus on like the business strategy of a product that is going to be a repeat

1:03.4

purchase product, so something that people buy over and over and over again, whether it's

1:08.6

the exact same thing over and over again, like a consumable,

1:12.3

or if it's a different style or design of the same thing over and over and over.

1:17.7

So that's, you know, that would be considered repeat purchase products versus the business

1:22.3

strategy of building out a complementary product catalog. So all the different products that you may sell in the

1:30.2

future that you might come out with for product two, product three, product four, they're all in the

1:33.9

same niche. They're all in the same category. They all fit within your brand. You're building a strong

1:37.6

brand. But every product, every skew that you come out with, is a essentially a totally, not maybe not totally

1:45.7

different. We'll talk about it. We'll give some examples, a different product, but a complementary

1:50.5

product to the previous products, if that makes sense. Okay, so let's get straight to business here.

1:56.7

So let's first talk about repeat purchase products. These would be defined, I would say,

...

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