This is apparently the number one product that

ChatGPT has come up with. Are you ready? It

didn't sell too well on Amazon, but my understanding from the person

who created that product was it did actually sell quite well off

Amazon through specialty golf stores. One

thing you'll need to consider when thinking about gardening tools is the MOQ.

How many units will you need to purchase minimum most

likely from China to send into, for example, United

States? That is something to think about. Some products can be

good for Amazon while others won't be good for Amazon. Would

I personally go and invest time and energy into a new dog

collar or a new pet bowl? I'm

Matthew Fraser and this is Amazon Ecom

I'll be sharing with you the secrets that helped me go from millions in

debt to an eight-figure entrepreneur. If you're

ready to escape the nine-to-five and live life on your terms,

Hey guys, welcome to Amazon Ecom Secrets. My name is Matthew Fraser. Today

is going to be a very interesting episode. We've gone

to ChatGPT, the guru of all gurus, to

find out what will be the top selling products of

next year and should we invest in them. I've got seven products

to unveil right before me. Apparently the best one I'm

going to save for last. And I'm going to dive deep into each one

and see if it's going to be a... Or is it going to be a... Or

is it going to be a... All right,

let's do it. Boom. All right, guys,

this one, gardening tools. The search volume for this

is growing particular in spring.

Wholesale price is $3 to $10 a

unit. The retail price is $15 to

$40 a unit. And I can tell you from the

retail price already, we want to ideally have it above $30. I

wouldn't be going for anything under $30. Yeah, for $15 is

out, but so we could sell this product for $40. So that gets

so far a good. And

the wholesale price, as I said, is $3 to $10. That's still going to be a

Amazon fees, yes, Amazon fees. Now, keep in

mind, Amazon fees are going to be consistent across the board. It's saying

$2.50 a unit. Referral fee is 15% of course,

which is standard. And the estimated monthly volume

is, and this is revenue, with 2% conversion

on 50,000 searches could be $45,000 to $60,000 per month.

So based on that, I'm going to say Okay.

So while we're on gardening tools, the thing to consider here is

that there's a bucket load. Can I say bucket

load? There's a lot of gardening tools on the market. So

I'd be trying to find something that might be somewhat unique, has a different spin

on it, because you can appreciate it's going to be a very, very red

sea of gardening tools. But the good thing is

lots of people need gardening tools. It's probably more an evergreen, excuse

the pun, niche that people are always going to need gardening tools throughout

the seasons within the United States

and the rest of the world. One thing you'll need to consider when thinking about gardening tools

is the MOQ. How many units will you need to purchase minimum

most likely from China to send into, for

example, the United States. That is something to think about. You don't want to end up

with 50,000 units sitting in the FBA center and you

can't sell them. They might. They might. I

don't think so. I mean, if you think about when you go to Bunnings, it's in Bunnings. Most

people just go with like the cheap little shovel. Like, oh,

yeah, $2. They're not going, oh, it's the brand. So pricing,

$15 to $40. You might find that at the lower end of the spectrum, people

don't care about brand. But when you get up to the higher end of

the spectrum, $40, people do care about brand. And

therefore, is your brand going to be able to compete with

the higher end and more established brands in the market? Something

to think about. Number six. What could this one be? Golf

accessories. Now, I actually have some experience selling golf accessories. The

item that I saw was the tool that helped with someone's swing. It

was a digital product. Ultimately, I was helping someone

else sell it, but it wasn't a very good invention. So it just didn't end up selling.

And we ended up just dumping it. The lesson there though for you guys is

that you need to do the product market research before you actually go and

produce the product because by the time he came to me, it was already produced. It

was manufactured. It was in the box. And one way to test

your product first, and don't ask your family and friends because that's

a surefire way to get positive feedback. You'll

get lots of these. Lots of these, but

no one's going to want to give you a this because they don't want to hurt

your feelings. So one way to test your product before

you spend millions of dollars manufacturing it

is to do a Facebook ad and just test the ad to

see if someone comes through and makes a purchase. You could even try it as a

pre-sale for your product. If you get one, two, three, four

sales, you know you've got something that may have legs. So,

let's see what ChatGPT has to say. The search

volume for this golf accessories has a 247% increase.

I think what they mean is the increase into next year's products.

The average retail price is $15 to $50. As

you know, I prefer the higher end. $50 sounds good to me. Wholesale

price, $2 to $10. Now let me say this, even

if we say the wholesale price is $10, we want to add

on some money for shipping. So let's say these days,

probably 20 to 30%. So I'm going to go 30%. So there's another $3 on top of that. And then I want to

take that now $13 and times it by ideally five. which

would push it up to, you know, towards $60, but I will settle

for four, which is therefore going to make it around the $50 retail

price. So therefore that bit of information gets a, what else

we got here? Profit margin, 25 to 45%. 25% gets

to this. We do not want 25% because by

the time that you've taken in ads and other fees to do with Amazon,

you might not have any money left over. So 45%, We

like that. One of my healthcare products actually has about a

40 to 45% and I can tell you it makes a lot of money. Estimated monthly

revenue with 3% conversion on 25,000 searches could be $22,500 to $67,500. a

month. I would be very careful in the golf accessories niche,

however, because I think people who are into golf think they

like the brand. Think about Titleist and other

brands that I can't even think of, for example, right? I'm not a golfer. Just something

to think about. Will it be a cool brand for

your product? Maybe, maybe not. It's so variable with

this product, but based on the numbers at

45% with a $22,000 to $67,500 revenue, yeah, I'm going to say we're going to touch this one. Next one, number five.

Oh, one of my favorite analogies, which is yoga

mats. Chat GPT thinks yoga mats are going to sell. Okay.

Like there's not enough of those in the marketplace. We need more yoga mats. So

it's in the health and wellness niche. The monthly search volume, height,

particular post. Oh, okay. It

had the highest search volume after the pandemic. The

wholesale price, $5 to $10 retail

price, $20 to $40. I

don't like that at all. That

automatically tells me there's very little margin. So let's think about

this. $10 per unit at about $3 for shipping. We're

talking $13 that's landed in the United States,

for example. and then I could potentially sell it

for $40, that doesn't give me enough margin. Well,

let me just keep going down and see what else ChatGPT says,

the expert. Amazon fees. Fulfillment fee $3 to

$4 plus the Amazon referral fee of 15%, all very

standard. Product margin, this is the important bit, 30% to

50%. I don't know where they get that number from because I'm assuming

that the wholesale price at $5 means you're probably going to be able to

sell for $20 and that the wholesale price at $10 means you could sell

for $40. Now, maybe ChatGPT knows something that I don't know. Maybe

ChatGPT thinks that you can buy a product wholesale for

$5 and sell it for $40. which maybe they can. So

the potential monthly revenue with 2% conversion

on 100,000 searches is $40,000 to

$80,000. But honestly, guys, because I know the yoga mat industry intimately,

I use it as examples all the time, it's completely saturated.

Would I invest my money into a new range of

yoga mats? Absolutely not. Hey,

guys, I just want to break away from the episode for just one moment and let you know that

I've just launched the Amazon Launchpad mini course. Now, this is designed

for people who want to get started on Amazon really,

really fast. But guess what? I can get you launched your first product on

Amazon with just five hours. You just have to click on the link below, join

my community, and the course is absolutely free. All right. Thanks,

guys, and back to the episode. Okay, number four. Pet

supplies, always a favorite amongst new sellers particularly,

they love doing pet supplies. Toys, food and

accessories, that's the niches. The search volume consistently

high with various pet related keywords. The

thing you can count on though with the pet niche is that owners

love spending money on their pets. And if you've seen recently, the

numbers for people having babies is declining. apparently

because of cost of living. But as a substitute for

that, people think, I'm going to go get a pet. So therefore

they're happy to spend money on their pet because they think it's not going to be as much as a child and

it's also going to give them the satisfaction of patting something every night or getting

love. Now, the average retail price, ChatGPT says,

is $15 to $40 with a wholesale price of

$1.50 to $5. And of course, this varies across the range, so

it's hard to tell. But on those numbers, what I will say is I remember doing

a product years ago, which was a car chamois, and I think it cost me, it

was maybe under $3, so it was really cheap. And so what happens

is new sellers come in and they see something that you can buy for $1.50 and

they get excited. I can buy this for $1.50 and then I just ship it to America

and then I just make all this money. But what you find is that if

you're buying it for $1.50, you could probably only sell it for maybe

$10 to $15. And therefore, it excludes that

product because I wouldn't sell anything on Amazon that's under $30 retail

because you just don't have the cash margin to help

pay for all the fees, including ads. Ads is where you're just going

to get completely burnt out. And I can sort of feel where this is

going with ChatGPT. Where do you think I'm going to land?

Let's keep going though. Let's see if ChatGPT can make it up at the end.

Profit margin 20% to 40%. I don't like 20%. I

do like 40%. Potential revenue. Top sellers could

generate $100,000 to $500,000 in annual

sales, okay? Not monthly sales. Because I know the pet niche pretty

well, to me it's saturated. Would I personally go

and invest time and energy into a new dog collar or

a new pet bowl? Yeah,

it's two of those. Number three, custom

printed phone cases. OK. I

don't know where ChatGPT is coming up with these, honestly, because there's nothing

really amazing about the products that are coming forward here.

But anyway, this is what they think is going to be big over the next year where you

should invest your money. You tell me, do you think you'd invest money in any

of the items that I've already said, including custom printed phone

cases? But ChatGPT is saying monthly search volume

is over 100 Cost

of production, $2 a unit. Average retail price,

$10 to $25. What am I

going to say? Yeah, it has to be over $30. But let's

keep going. Amazon fees, $1.20 to

$2 a unit, depending on the size. I wonder if that's depending on,

is it a pro or a pro max? Referral fee

15%, very standard. The juicy bits, profit margin 30 to

60% depending on the complexity of the design. Because as you can appreciate, there's

different types of phone cases. Maybe one has a zip, maybe

one's just a rubber. piece that sort of fits around the phone.

Some can be leather with diamantes and all sorts of things. So

that makes sense, right? It's gonna be variable across the range. Potential monthly

revenue is $40,000 to

$100,000. Honestly, this doesn't excite me.

Unless you were gonna come up with a phone case that

was gonna be so unique and just blow people away,

I probably would not invest in this. The other thing to think

about too is there's new phone cases coming out all the time.

So you're going to have to be very careful with your stock and

not sort of be holding too much stock. You don't want to go into a new phone series.

The next thing you know, like Apple does, they release a new phone. So now all of

a sudden the previous phone is now old and you know, are

people now buying that? So that's something that I would

certainly think about. So based on that, chat GPT, that's

a no. Number two,

resistance bands. Now these would be sports resistance bands

and I have done some, actually it was golfing again,

they were resistance bands for golf. very, very hard

product to sell because it needed a lot of training of

the customer to understand what the product even was and how it was going to benefit

their golf game. But it didn't sell too well on Amazon. But

my understanding from the person who created that product was it

did actually sell quite well off Amazon through specialty

golf stores, particularly in, of all places, Japan.

Japan loved their golf. So On that note, some products

can be good for Amazon, while others won't be good for Amazon. That

was a good example of it. Better for off Amazon sales. Now,

the monthly search volume for resistance bands is 157,000. The best

seller rank, number 50 in sports accessories, average

retail price is $10, and the wholesale

price, 70 cents, minimum order,

100 units. That's incredible. Amazon

fees, $2.35 fulfillment, referral fee of

$1.30, professional seller fee $1.33. Now let's go back to

the average retail price, $10. You know, I'm going to

say, it's not above $30. So I do not like

that. Sometimes guys, you could find

a product that's going to just sell off the charts where you're not going to have

to put in much money, but you'd have to be selling tens

of thousands of these products a day. So like paper towel, toilet

paper, these sort of commodity items that are just going to

fly off the shelf. you may be able to start making money. But you're going to make

so minimal money, that's why you need to do the volume to

actually be worthwhile. So profit margin on the resistance

bands is 40% to 44%. Estimated net profit per sale

$4.08. Estimated monthly volume $31,000. Guys, It's

too easy to copy this product. It's under $30 a

unit. It might have a very, very low cost to get in,

but don't be suckered in by that. And for that reason, Cat

GPT fails again. This

is apparently the number one product that ChatGPT

has come up with. Are you ready? It is derma planning

tools. So my team of experts are telling me this

is something to do with your skin. I'm going to have to

actually Google what this is. Dermaplaning tools in

the beauty niche. But let's see what ChatGPT says. Because, hey,

tell you what, if this is the number one product that ChatGPT is saying

to sell, maybe I'll sell it. All right, so let's see what dermaplaning tools

are going to bring us. Monthly research volume, 18,000. That's

pretty low. Best seller rank? is

number 4 in beauty, so that's very high. Average

retail price, $12. Wholesale price, $1.60. It's under $30, not a huge fan. $1.60 with

$100 units minimum this might be something actually that if you're brand new

to Amazon and you want something to test in the market just to sort

of validate the process and prove to yourself that you know you can sort of

press the buttons within Amazon so to understand the platform this would

be something that I would say to new clients hey

try this product you just have to get a hundred units so it's only going to

cost you what's that like 160 bucks which

is nothing then ship it in and you could potentially sell for

twelve dollars the idea of doing a test product like

this for people who are new to amazon is to just validate the process and

get an understanding so it builds confidence so this could be that maybe

check gbt's onto something here for that at least Now, Amazon

fees $1.97, referral fee $1.80, professional

fees $1.33. So there goes a lot of margin already. They're

saying profit margin is 44% to 47%. Now, keep

in mind, though, that is not going to include your advertising and

you're going to need to advertise in order to stand out in the crowd. Estimated

net profit per sale $5.30, potential annual revenue of

$260,000. Ah geez, ChatGBT's got me on this one. There's some things that I

like. There's some things that I don't like. But

I think overall, if you're new to Amazon and you want to test a product, I

would say go with ChatGBT because the other thing too is

it's so small. It's like a little tiny scraper. You can ship it in for next

to nothing. I would say give it a go. Okay

guys, so out of the seven ChatGPT products that apparently

are going to make you millions of dollars in the years to come, I've only settled

with three. Potentially gardening, golf accessories, and

the number one product from ChatGPT, which was dermaplaning

tools. But above everything guys, I

always recommend Ask an expert before you spend millions

of dollars. Take care. Thanks for tuning into Amazon

Ecom Secrets. If you enjoyed this episode, the best way

to show your support is to give a 5-star review on

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can also find more at I'm Matthew Fraser

on all social media platforms. Thanks so much. Take