I Lost $30,000 on Amazon and Learned This

How to Avoid Losing Money on Amazon? My Experience and Solution

Hey there!

Are you looking for effective strategies to boost your Amazon FBA sales and take your business to new heights?

I'm Vova Even, an experienced Amazon seller who knows the ins and outs of selling on the world's largest eCommerce platform.

Over the years, I've learned a lot about what works and what doesn't, and I've made my fair share of mistakes along the way. 

And as an Amazon seller, I know firsthand how frustrating and painful it can be to lose money on a product that you thought would sell.

Recently, I made a mistake that ended up costing me $30,000. But, as they say, you learn from your mistakes.

In this article, I’ll share my experience with you so that you can avoid making the same mistake.

I'll talk about my experience and introduce you to ProductPinion, a tool that can help you validate your product ideas and avoid losing money.

Want a video version of the article?

Click here now!!!

Note: As a disclosure, I want to let you know that I have an affiliate link to ProductPinion.

So, if you click on my affiliate link for ProductPinion and sign up, you'll get a free trial and a bonus of double credits for your polls.

This is at no extra cost to you, but it helps me keep producing content like this free for you.

Thanks!

Also, ProductPinion is a great PickFu alternative (PickFu is a similar service to ProductPinion), and the link to the left explains why it's a great alternative.

Anyhow..

Let’s begin the article!!! 🔥

The Flop: My Private Label Product in Sympathy Wind Chime Niche

I launched a new private-label product on Amazon in the sympathy wind chime niche.

I was excited and optimistic about the product, but unfortunately, it didn't sell at all.

Initially, I thought it was a good idea as the niche itself seemed promising.

However, the product I developed was a total flop.

It wasn't selling and I couldn't figure out why.

After a thorough investigation, I realized that the design of the product was the issue.

It looked good to me and my team, but it didn't resonate with the Amazon shoppers.

The Mistake: Not Considering Customer Feedback

The mistake I made was not taking into consideration whether people would actually like to use the product.

While it looked good to me, it didn't resonate with customers.

As a result, it didn't sell and I was left with a large inventory of unsold products.

The Solution: Use ProductPinion to Avoid Losing Money

So how could I have avoided this costly mistake?

By using ProductPinion!!!

I learned the hard way that you can't just assume that your product will sell on Amazon.

You need to do thorough research and testing before launching it.

That's when I discovered ProductPinion.

What is ProductPinion?

ProductPinion is a powerful software tool that enables Amazon sellers to survey potential customers before launching a product.

It provides more testing options than other platforms, and the results come in quickly, which is essential for sellers who want to move fast.

The tool can help sellers get valuable feedback on their product's design, features, price points, and more.

This way, they can validate their product ideas and hopefully save a lot of money.

The video below shows exactly how to use ProductPinion, and the guest is one of the co-founders, Matt Kostan.

Testing with ProductPinion

ProductPinion offers various testing options for Amazon sellers.

You can use it for category research, listing image criteria, and optimizing your listings for higher conversion.

One of the most significant benefits of ProductPinion is that it provides valuable feedback from real Amazon shoppers.

You can choose your target audience, and they will provide feedback on your product idea, packaging, pricing, and other aspects.

This feedback can help you make data-driven decisions and avoid costly mistakes.

ProductPinion vs. Other Testing Platforms

ProductPinion stands out from other testing platforms because it provides more testing options and quicker results.

The platform's intuitive dashboard is easy to navigate, and the tool's algorithm is designed to optimize feedback collection to provide quality results.

I particularly love the option to get video feedback for your products.

Real shoppers get to browse your product pages or results pages on Amazon and provide you with feedback on the questions you initially ask them.

I'd recommend watching the tutorial above to learn more about this feature.

Final Thoughts

In conclusion, losing money on Amazon can be a painful experience. However, with the right tools and testing, you can avoid making costly mistakes.

ProductPinion is an excellent solution for Amazon sellers who want to validate their product ideas and get valuable feedback from real shoppers.

Don't make the same mistake I did, use ProductPinion to test your product ideas and make data-driven decisions.

Get a free trial of ProductPinion with double the credits.

Good luck and until next time,

Yours,

Vova :)