If you have already considered integrating your products in the Amazon Marketplace, it is time to start selling on Amazon, since the process to start is very simple.
The first thing you have to do to start selling on Amazon is to decide what product you are going to sell on their Marketplace. And it is that whether you have a physical store or an eCommerce, or you will start a business by starting to sell on Amazon in order to earn extra money, it is important that you first make a search to know the catalog of the retail giant.
HOW TO CHOOSE THE BEST PRODUCT TO SELL ON AMAZON
And is that by integrating your product catalog in the huge Amazon Marketplace you will have great competition. You should check beforehand without the products you want to sell on Amazon, they are in enough demand if they sell well or in fact, if the prices are too low or too high for the product you want to add.
The easiest way to compare the prices and availability of products on Amazon is to go to the category to which each product belongs and select the list of the best sellers.
If the product you want to add to the catalog is in the first positions, it is a good indicator, but even so, you must consider that you will not know in this way the exact demand that each product has, in addition to that if your catalog is extensive, it will take a long time to make This studio.
In that case, you can use some external tools, such as Jungle Scout, which has an extension for the Google Chrome browser that helps you know how many sales each of the products has.
Also with this tool, you can know the estimated income generated by each of the products.
COMPETITION ALSO COUNTS WHEN CHOOSING YOUR CATALOG
Now that you know if your product is in low or high demand, you should know if the sector you want to venture into is dominated by a few sellers.
If this is the case, the most viable option is that you try to sell another different product on Amazon, since this means that sellers are highly loyal to their customers, have very low prices or very good opinions and it will be very difficult to place your product on the list of results.
With this Amazon product research strategy, you will know if there is a dominant seller, and if the competition is very high or not.
KNOW THE REVIEWS OF YOUR COMPETITORS
Amazon takes the reviews of each product and each store in its Marketplace with a determining factor for positioning in its search, so if your competition has many good reviews, you will know that it will be difficult to beat.
However, if you can see that there are several similar products, with many reviews but spread among several sellers, the competition will be fair and you can sell your products on Amazon more easily.