Digital Timer

This product is a user-friendly rotary timer with a single-button mechanism for easy time adjustment (rotate right to increase, left to decrease). It’s perfect for various activities including cooking, household chores, fitness routines, games, classes, and meetings.

    1. Completed Market Research and Competitor Analysis:
      • We thoroughly investigated the demand for rotary timers, utilizing advanced tools like Jungle Scout. This research revealed significant interest in this product as productivity goals are set early in the new year.
    2. Detailed Cost Analysis:
      • We calculated the exact cost of acquiring the rotary timers, including manufacturing, shipping, and any branding expenses.
      • The specific Amazon FBA fees, including fulfillment and referral fees, were precisely computed using Amazon’s FBA calculator, accounting for the product’s size, weight, and price.
      • Storage costs, especially important for products with potential seasonal demand, were meticulously estimated.
    3. Strategic Pricing Decisions:
      • Our pricing strategy was developed based on competitive analysis. We set a price that struck the perfect balance between competitiveness and profitability, justifying it through the product’s distinctive features.
    4. Profit Margin Assessment:
      • We projected potential revenue based on our chosen price and estimated sales volume, then calculated total costs, encompassing product costs, Amazon fees, and marketing expenditures.
      • Our calculated profit margin indicated a healthy return, allowing room for unforeseen costs or adjustments.
    5. Sales and Inventory Oversight:
      • Inventory levels were actively monitored to avoid excessive storage fees and stockouts. This management ensured optimal product availability and ranking on Amazon.
      • Sales performance was continuously tracked, allowing us to respond quickly to any changes in the market, adjusting pricing, marketing strategies, or inventory as needed.
    6. Analysis of Customer Feedback and Reviews:
      • We regularly reviewed customer feedback, gaining valuable insights into product satisfaction and areas for improvement.
      • This feedback was used to make informed adjustments to the product and its Amazon listing, enhancing customer satisfaction and potentially boosting sales.
Cost: $750
Type: FBA, Marketing
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