All product selection work should be based on rigorous data collection and data analysis, and novice Amazon sellers should master relevant research methods and learning methods when they first come into contact with the product selection stage, so as to better To promote product selection well, how should Amazon research data for product selection? Please see the segmented analysis below.
1. Adhere to principles.
It is necessary to choose blue ocean products with a relatively low degree of competition and products with a high degree of rigid demand; it is necessary to choose products whose unit price cannot be too low and products with ideal profit margins; Products with sensitive topics should be avoided, as well as fake and shoddy products with IP.
2. How should Amazon research data when selecting products?
Researching data is to explore market needs. The most intuitive way is to look at how many people have searched for this keyword every month. The more searches for a product, it means that the market demand is also rising. This situation of short supply is exactly what cross-border e-commerce sellers want. The “blue ocean market” pursued, therefore, cross-border e-commerce sellers can view research data and market share through various third-party software.
3. Amazon sellers should check the existing supply in a timely manner.
Supply is the quantity or quantity of competing products. For example, in the Amazon US market, sellers should pay attention to: the current sales situation on the market when selecting products. If after searching, you find that there are many results and there are many best-selling products, you can judge to a certain extent: What is the market supply of this product?
In this way, cross-border e-commerce sellers can find out the competitiveness of their products, thereby better assisting in product selection.
4. Calculate accurate costs as soon as possible.
The cost is actually very easy to convert. As long as you find multiple suppliers on domestic wholesale software and compare prices, you can basically get the final cost ratio. In short, the above is an introduction to “How to research data on Amazon product selection”. Cross-border e-commerce sellers can see the market capacity and competition of a product through the existing supply and existing search volume. At the same time, you should also adhere to multiple principles when selecting products, and do not choose dangerous goods and intellectual products with IP properties.