📈 Thinking of expanding your Amazon business?

🚀 Planning to expand your product line on Amazon?

Hello there!

Are you searching for product ideas to expand your business on Amazon?

Whether you want to diversify your products or gain a competitive edge, selling more products from the same niche can provide advantages, such as cross-selling and bundles, increased order values, etc.

In case you are unsure how to expand your product line, ChatGPT can give you some useful ideas. 

Let’s say I have products in the home and kitchen category.

Here’s how the prompt would look like:

I'm interested in expanding my product line on Amazon, but I'm not sure which products would be a good fit for my brand. Can you help me research and select products in the home and kitchen category that align with my brand values and target audience, such as the "Reusable Silicone Food Storage Bags" by Stasher?

Here’s what ChatGPT crafted:

Once you have some genuine product ideas, all you have to do is research which one will work best for you and your brand.

💡 How to create an irresistible product bundle?

Creating a product bundle for your customers can offer more value and convenience. 

They can purchase more products from you, instead of searching for other products somewhere else. 

Also, it can help you increase your Average Order Value, while you gain a powerful advantage over your competitors. 

How to ask ChatGPT to give you product bundle ideas tailored to your Amazon store?

👉 Here’s an example of a prompt:

My Amazon store specializes in home and kitchen products. Can you help me create a product bundle that will appeal to my potential customers who enjoy cooking? 

👉 Here’s the answer ChatGPT provided:

Now try it out with your products to see what bundles you can make and test them out! Testing product bundles will help you understand the potential profitability of combining different products.

💡 Never miss out important updates from the AI world:

1. Vogels’ four 2024 predictions: the high level (source)

👉 Generative AI becomes culturally aware

A large language model (LLM) trained on culturally diverse data will gain a deeper understanding of human experience and societal challenges. 

With this cultural fluency, generative AI will be more accessible to users around the world.

👉 FemTech finally takes off

FemTech investment surges, care goes hybrid, and a plethora of data helps improve diagnoses and patient outcomes in women's healthcare. 

The rise of FemTech will not only benefit women, but lift the entire healthcare system.

👉 AI assistants redefine developer productivity

Throughout the software development lifecycle, AI assistants will evolve from basic code generators to teachers and tireless collaborators. 

They will simplify complex systems, suggest targeted improvements, and handle repetitive tasks, allowing developers to focus on the most important parts of their work.

👉 Education evolves to match the speed of technology

Higher education alone cannot keep up with the rate of technological change. 

Industry-led skills-based training programs will emerge that more closely resemble the journeys of skilled tradespeople. 

This shift to continuous learning will benefit individuals and businesses alike.

2. 5 ways Amazon Pharmacy uses AI to make getting medications more convenient for customers (source)

Amazon Pharmacy is using generative artificial intelligence to fill prescriptions more quickly and accurately, make customer service faster and more helpful, and ensure the right quantities of medications are stocked for customers. 

Amazon Pharmacy is also working on AI applications that provide more transparent pricing on prescription medications, enabling customers to shop for the best price.

Check out here how exactly it works.

That’s it for today! If you want to dig deeper and unlock ChatGPT’s secrets, watch out for our next email, where I’ll show how we can help you learn more about AI for business owners.

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The Motivational Corner

🎓 “Take the attitude of a student, never be too big to ask questions, never know too much to learn something new.” —Augustine Og Mandino

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