When Amy started her online business, she had already honed her skills in retail arbitrage and was ready for a new challenge. She now runs an Amazon storefront. Recently, Amy shared how she uses MarketScout to save time and identify top-selling items to add to her product catalog.
Amy’s husband often searches for new ways to make money. When he suggested they consider selling on the Amazon marketplace, Amy jumped on the opportunity. While working a part-time job, she used her spare time to launch her eCommerce business. “I just decided to do it,” she said. “It’s fun!”
While Amy sells some toys and electronics, she doesn’t want to get pigeonholed into offering items from a specific category. She prefers to have the freedom to sell anything that interests her.
Having sold items through Craigslist.org before making the switch to eCommerce, Amy is well aware that it can be difficult to determine which items will sell well. That's why she appreciates the detailed product information she gets from MarketScout, such as Amazon product sales rank and potential profit margins.
Now that she’s made the switch to selling online, Amy spends a lot of time vetting suppliers. However, this is a huge undertaking.
“We’ve been doing research on suppliers, some of them have thousands and thousands of products. We have to get through all that information to find the three products that are good margins to sell on Amazon. Our goal is to find the products that have good margins and that we can just keep reordering. You don’t have that when you do just retail arbitrage," she said.
Fortunately, Amy has discovered that MarketScout can drastically cut down on the time she spends looking for items to sell. After learning about the tool, she says she realized its potential. "Oh, this is great! I don't have to spend 10 hours doing this [researching suppliers]," she said. Instead, she can upload a CSV and get a report with all of the details she needs within minutes.
More Time to Plan
Our recent study showed that a whopping 67% of Amazon merchants spend time double-checking competitive and market data before even deciding whether to add a new item to their inventory. While it’s absolutely important to conduct this valuable research, why not work smarter instead of harder?
Before trying MarketScout, Amy said, “I used to spend so much time looking through thousands of items only to find just two products that I could sell.” Now, she’s able to gather detailed information in a fraction of the time, allowing her to focus on her goal of moving to a private label in the near future.
Try MarketScout for Free
Ready to streamline your research efforts? Our MarketScout tool will provide you with a detailed report, giving you valuable insight into your competition, products you are considering sourcing and so much more.
We’ll make it easy to get started by giving you 100 free credits, risk free and no credit card required. After that, you won’t need to sign a contract or subscribe to a membership. Instead, you’ll only purchase as many credits as you need. It’s simple, affordable and a major time saver.
Find out today what MarketScout can do for you!
Originally published on January 17, 2018, updated August 12, 2019
This post is accurate as of the date of publication. Some features and information may have changed due to product updates or Amazon policy changes.