The method
Use this prompt within a ChatGPT session. Provide the initial prompt, then follow up with clarifications or specific criteria as needed. Iterate based on the output. Fine-tune to match budget, niche, and competition.
The prompts
Prompt 1
I want to start an Amazon FBA business. Suggest 5 product niches with potentially high profit margins but relatively low competition. For each niche, provide a rationale for why it's promising, estimated startup costs, and potential challenges.
Prompt 2
Evaluate the feasibility of selling [Product Idea] on Amazon FBA. Consider factors such as current market demand, existing competition (including major players and their estimated sales), potential profit margins, sourcing options (including costs and reliability), and required certifications or regulatory compliance. Provide a SWOT analysis for this product idea, including specific recommendations for maximizing its potential and mitigating risks.