- July 10, 2023
The access to technology with the convenience of shopping from anywhere, at any time is a major reason for the rapid growth of online commerce. The one thing customers want is an online market that offers all the items and products. Amazon has covered it all and that is the main reason why Amazon is the leading e-retailer.
The object behind its constant growth is a fact that it keeps on emerging new products and diverse service assistants that continue to widen its customer base. Amazon has broadened its target market to cover as many customers as possible. Sellers all around the world want to join hands and avail of the lucrative benefits Amazon has to offer.
Amazon Product Research
There are numerous things to look at when it comes to product research – niche selection, brand restrictions, competition, selling fees, and so on.
One of the most challenging parts of selling on Amazon is finding the right product to sell. With the large size of Amazon’s catalog, there is an almost never-ending supply of potential products. As a result, it can be hard to know where to begin.
Product research is the method of evaluating and validating the profitable potential for a specific item. The purpose of this method is to have an accurate idea of how successful selling a specific item can be.
Product research can help you identify a niche market to enhance your relationship with customers. With niche marketing, getting in front of the targeted people is more crucial than wasting your time on targeting the wrong audience.
How to Do a Product Research on Amazon
Look for Products Manually
The first way to find products to sell on Amazon is to look for them manually. This will involve searching for products on Amazon and other ecommerce marketplaces and websites to come up with ideas.
A good starting place is the successful Amazon sellers list. Amazon keeps an active list of the best-selling products for each category you can quickly use to find the most in-demand products.
Use Amazon Research Tools
The next approach is to use software to help you simplify the research process. With an Amazon research tool, you can view the past sales data from current Amazon product listings to get a strong idea of how much demand is there for a certain product and how tough the competition is.
Below mentioned is a quick checklist of Amazon product research requirements:
- Product prices in a range of $10 and $50
- Products with least 10 sales per day
- Certainly not seasonal products. They can be sold round the year
- Products should be small and weight in weight (not more than 3 pounds)
Sellers on Amazon
There is a significant increase in sellers on Amazon. Amazon has 9.7 million sellers worldwide, of which 1.9 million are actively selling on the marketplace.
You’ve probably heard about Amazon private label products and how it has facilitated millions of sellers to increase their sales. For some years now, this selling method has been put into practice. Amazon private label products is about finding a product on Amazon that has high sales, but may have low number of reviews; getting that product, and labeling it as if it was yours.
There are many Amazon restricted brands and they are restricted for numerous reasons. Some companies may have special agreements with Amazon or with one or more Amazon sellers.