Apr 19, 2022
In General Discussions
The best way to verify demand is to Germany Phone Number List look at the monthly sales estimates for similar products on the Amazon homepage for your product keywords. Personally, I like to see all sellers have at least 1500 sales per month Germany Phone Number List on the homepage after weeding out irrelevant products. Is the product too competitive? On Amazon, the overall strength of a product listing can be approximated by the number of reviews it accumulates. In general, I like to see that the average number of reviews for a product Germany Phone Number List keyword on the Amazon homepage is below 100 reviews. Can you add value? Years ago, you Germany Phone Number List could throw any product on Amazon and it would sell. But today, you need to think about how you can add value to an existing market by making a better mousetrap. So I always Germany Phone Number List go deep into the competition to see if I can sell a product that has an edge over what I already have. For example, let's say I want to sell yoga mats online. Since yoga mats are such a competitive market, I might want to differentiate my product by offering a special 6" thick Germany Phone Number List mat that no one else sells. Are sales evenly distributed among sellers? When Germany Phone Number List I use Jungle Scout to check competitors on Amazon, I don't want to see 1 or 2 sellers completely dominating the market. A dominant seller usually means the Germany Phone Number List product has a strong brand that drives sales, making it harder for you to break into the market. Are your profit margins high enough? The ultimate goal of selling products online is to make a profit. Therefore, you need to look at the average selling price and make sure you can source Germany Phone Number List the product at a sufficient profit.