How Can MarketScout Make My Job Easier?
Nick has just been killing it lately.
Three years earlier, Nick opened his own Amazon shop after talking with a friend who had a lot of overstocked items at a nearby warehouse. Nick was hooked immediately and loved the thrill of finding items he knew would sell well and making deals to buy them from his warehouse friends. It was fun, and it made him a little extra money on the side.
After a while, he went to a local meeting of online merchants. That was the first time he met Jerri, owner of Green Grass Gadgets. Jerri had been running her business for the last five years and was really forward thinking in her approach. During the meeting, Nick told Jerri what he had been doing lately.
"Why don't you come work for me?" Jerri said immediately. She admired his ability to choose the best items and she desperately needed someone to take over the buying role for her company so she could focus on other tasks.
New Job, Same Tools
Nick was excited to start and see what he could learn in the position. He was blown away by how vast Jerri's operations were. She introduced him to a long list of suppliers she bought from and their electronic catalogs of products. She told him what her bread-and-butter items were and how to spot a good deal. She gave him an initial budget to play around with so that he could get his feet wet.
Nick knew he was in over his head, but quickly tried to imagine he was back in his friend's warehouse, picking through items to find a good deal. He noticed a few things in the catalogs that looked like a good deal and made his first orders.
When the products came in, Jerri gave Nick a funny look. "What are these?" she asked.
"These are going to be your new best sellers," Nick said as confidently as he could, trying not to reveal how terrified he was at her reaction.
Intuition Only Goes So Far
Two months later, all of Nick's perceived "best sellers" were still on the shelves.
It didn't take long for Nick to realize that while he did have a good eye for some deals, he needed to learn a lot more about selling on the Amazon marketplace.
Jerri already used FeedbackFive for improving her feedback, so she told Nick to check out a free trial of MarketScout. Like Zorro's sword or Captain America's shield, Nick had found the perfect tool to complement his natural abilities.
Nick uses MarketScout to identify new items and possibilities. Jerri told Nick to focus more on high profit items rather than quick sales, so Nick's eyes go immediately to the Margin section of the MarketScout report. He notes the lowest price, pays attention to how quickly the items move based on the Product Rank, and then exports a list of new items he thinks Jerri might be interested in.
Finding a Groove
Last month, Nick figured out from RestockPro that the organic fertilizer spray which generally sold very well was on trend to have such a low selling price for a season that it wasn't worth pursuing. He used MarketScout to take a second look at some new items from a supplier and a few that might be able to match the sales of the spray until the season ended.
Nick still likes using his instincts to pick winners, but he's a whole lot better at it when he combines his talents with an MarketScout report. Jerri loves that Nick has found his sweet spot and that he continues to be an essential member of her team.
How Can MarketScout Help You?
MarketScout is your way to stay a step ahead of the competition, no matter your role in your company. Try MarketScout today with 100 free credits and start getting used to leading from the front.
Originally published on November 23, 2016, updated October 18, 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.