In this episode of The Smartest Amazon Podcast, Scott Needham interviews Nik Hall, a CPG expert with experience running a CPG company and advising numerous brands. Nik shares insights on the differences between successful and failing CPG brands, emphasizing the importance of launching in less competitive categories and having a superior product. They discuss the lifecycle of trends, the significance of taste and price, and strategies for product testing. Nik advises focusing on Amazon as a starting point due to its permissionless nature and affordability, and he shares his experience with direct-to-consumer and retail. He also highlights the value of networking and building relationships within the industry for learning and growth.
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