Want to find products to sell on Amazon? Read this detailed guide to find out how.
The success of Amazon’s business strategy is enough to make anyone want to establish a profitable business through its platform, and companies like Jungle Scout are now available to help merchants do it.
Look no further if you want to learn how to use Jungle Scout to identify products to sell on Amazon. Here’s how we’ll break it down for you.
What is the best way to find a good product?
The secret to making money on Amazon is to sell a product that is in high demand but has little competition.
In reality, anyone who wants to sell things on the internet can say the same thing.
You want to be able to capture current demand as soon as possible after launching your private label product, without having to compete with too many other retailers. Jungle Scout offers reliable solutions to find products on Amazon marketplaces.
Icing on the cake, you get to save up to 60% using Jungle Scout coupons and deals.
How does Jungle Scout work?
Jungle Scout is a website that helps Amazon sellers and people who want to sell on Amazon market their products in the best way possible. It analyses a wide range of “success” factors for selling on Amazon with its chrome extension and app, such as:
- Product database
- Supplier database
- Inventory manager
- Keyword scout
- Opportunity finder
- Listing builder
- Rank tracker
- Jungle Scout Launch
What is a good product to sell on Amazon?
When determining what to sell, the current supply of a product is critical. Naturally, the less competition there is, the better. Customers are more likely to shop from other retailers rather than you if there is more competition.
To make a profit, you’ll need to select a product that isn’t oversupplied. Of course, the best way to figure it out is to look at the demand for it.
Products that are in demand all year, not only during peak seasons, have a better chance of long-term success. Products that are popular at certain periods of the year should still be offered since there is a demand for them, but they should not be your exclusive source of income because they are less consistent.
How to find products using Jungle Scout?
You may scan through Amazon products by filtering important criteria such as price, demand, anticipated sales, rating, seasonality, dimensions, and more using the Product Database in the Jungle Scout Web App.
As you discover possible products, add them to the Product Tracker function and begin tracking sales activity, inventory, Best Seller Ranking, and pricing over time – something we recommend you do for a few weeks before settling on a product! Keeping an eye on this data will provide you with crucial insight into the performance of the product.
Another wonderful feature incorporated into the web app is the Niche Hunter, which takes a different approach and helps you identify niche products by looking at keywords. You can find a plethora of product results by searching keywords in a given marketplace and category.
Based on a unique in-house algorithm, you’re given an Opportunity Score (the higher the better!) for each product, as well as a Listing Quality Score (LQS), which assesses a product listing based on a set of criteria.
The LQS is another one-of-a-kind in-house algorithm that can assist you in identifying products that are in high demand but have a poor product listing.
How to price product correctly?
Jungle Scout can answer all of your questions about pricing, including how your product compares to similar ones on Amazon. Your prices will, of course, have a big effect on how well your website does.
The best price for a product is between $25 and $50, because that’s where most people look for and buy things. So, putting it in this price range is a good way to get people to buy it often, and it’s smart to look for products that are in this price range. This price range is also smart because most of the products that fall within it are of a reasonable size and don’t need a lot of storage space.
There is a variety of information available to sellers who want to learn how to utilise Jungle Scout to identify things to sell on Amazon.
Jungle Scout is a user-friendly website that allows any potential Amazon seller to become acquainted with their alternatives while also providing instructions on how to manage the procedure that follows.