MBA1459 How Amazon Can Help You Create Your Next Product
The $100 MBA Show
Omar Zenhom
4.9 • 1.2K Ratings
🗓️ 11 February 2020
⏱️ 9 minutes
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| 0:15.2 | Heyo! Welcome to the $100 MBA show your favorite part of the day, every day with their daily 10 minute business lessons for the real world. |
| 0:17.0 | I'm your host, your coach, your teacher, Omar's and home. |
| 0:20.2 | I'm also the co-founder of the $100 MBA, a complete business training and community online. |
| 0:25.0 | And in today's episode, you will learn how Amazon can help you create your next product. |
| 0:30.0 | Yes, Amazon is the largest marketplace, but it's also a wealth of R&D. |
| 0:36.0 | It's like your personal research and development lab. |
| 0:39.0 | Why? Because Amazon has tons of user feedback and reviews. |
| 0:45.0 | I'm going to show you how you can use all that great information to create the perfect product for your audience, |
| 0:52.0 | for your niche, for your your business |
| 0:54.0 | whether it's your first product or your next product. There's nothing worse than |
| 0:58.0 | creating something that people don't want to pay money for. |
| 1:02.0 | So in today's lesson, I'm going to show you how to go |
| 1:04.2 | after markets where there's cash, where you can actually make money, and then learn how to |
| 1:09.4 | differentiate your product so it can compete in that marketplace. So it can compete in that genre. |
| 1:16.0 | This has nothing to do with selling on Amazon, right? You could sell this on your website, |
| 1:19.9 | you could sell it from your garage, you could sell it at your corner store it doesn't matter. We're just going to |
| 1:25.2 | utilize the information that's readily available for free on Amazon.com. |
| 1:30.7 | I'll show you how today in this episode so let's get into it let's get down to |
| 1:35.3 | business. What's great about Amazon is that anybody can go on Amazon. |
| 1:39.2 | com and find out what's selling, what's not selling, what people like, what people don't like, how |
| 1:45.0 | much they're willing to pay for solutions, and where there's a gap or a need in the market. |
| 1:51.1 | To illustrate this technique, I'm going to start with an example |
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