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

#53 - Should You Be Scared of High Competition?

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

Andy Isom | Amazon FBA Seller & Agency Founder

Business, Entrepreneurship, Marketing

4.9816 Ratings

🗓️ 19 May 2021

⏱️ 27 minutes

🧾️ Download transcript

Summary

Almost everyone that I coach or talk to has the same concern at one point or another, "Is my product niche too competitive?" It's the fear that there are too many sellers or products with high reviews. In this episode, I'll discuss my feelings on competition, when a niche is too competitive, when you should go for it, and how to decide what's best for you.

 

⬇️ Click to view my available resources!

https://andyisom.com/

 

Some products and resources mentioned in this episode may no longer be offered. Please visit my website or DM me on social media for currently available downloads, resources, and coaching programs!

Transcript

Click on a timestamp to play from that location

0:00.0

Here's my philosophy. If you have a really low demand and super high competition product idea,

0:06.1

that's a recipe for struggle. So that's not even in the question. If there's not demand and the

0:10.3

competition is high, n-scratch that idea. But high demand and high competition, lots of sellers,

0:17.4

lots of sellers with a ton of reviews, when is it time to say, hmm, that's too much

0:23.3

competition? Or when is it time to say, you know what? I'm going for that.

0:32.9

You're listening to another episode of Selling on Amazon with Andy Isam. In this episode, we're going to talk about the question, should you be scared of high competition?

0:44.6

I've gotten this question from some of my coaching program students in our Q&A video sessions,

0:50.0

and I thought it'd be a good topic for a podcast episode for you guys who are not members of the

0:55.1

coaching program. And if you're not in the coaching program, I'd highly recommend you check it out

1:00.6

and see if it's a good fit for you. Again, if you're serious about this and you really want help,

1:04.3

you want my personal help, answering your questions, giving you feedback, giving you input

1:08.3

on what you should or shouldn't be doing, what you could do

1:11.6

better, then the coaching program is a great fit for you. Our whole goal is to increase your chance of

1:16.5

success. Obviously, we can't guarantee like any specific sales numbers or anything, but what we can

1:21.0

guarantee is that we're going to give you the best feedback that we can from our own experience,

1:25.7

from experience of my students. So I can, you know, give you a lot of insight and feedback and guidance and everything you need to do to

1:32.0

save yourself time, save yourself wasted money and massive headache of all the challenges

1:36.9

that you're going to run into and starting this business.

1:38.9

So more information on that on my website, Andyisomecoaching.com.

1:43.4

Put a link right below here in the show notes as well.

1:46.7

But should you be scared of high competition?

1:49.3

Let's jump into Amazon right now here really quickly and look at a classic product.

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