Competition has always been an integral part of business, but it also leads to diminishing margins and high marketing costs.
If you’re doing business on Amazon, be it private labels, dropshipping, or retail arbitrage, you need to conduct proper amazon product analysis so that you won’t end up wasting your resources on the wrong product ideas. There are many tools out there, such as Jungle Scout and Ama top product analyzer that claim to be the number one choice, but we recommend IO Scout as the best tool for Amazon product analysis.
1. Comb through over 150 million products
IO Scout boasts a huge database of 150 million products from Amazon. Not many solutions are able to offer such an extensive collection. Using IO Scout, you are guaranteed to find many profitable product ideas. It’s also possible to apply and save numerous filters to narrow your search.
2. Analyze the most up-to-date data
IO Scout data is updated on an hourly basis so you can always be sure that you are making decisions based on the most recent image of the market. Plus, you can have access to timely data about sales, keyword searches, and many more so you will be a few steps ahead of your competitors.
3. Know what your competitors are up to
You cannot succeed in business unless you are able to obtain an advantage over your competition. IO Scout enables you to track both your and your competitors’ products and keywords very easily so you know how they fare against each other. Moreover, this Amazon research software gives you accurate estimates of product sales, letting you predict the potential revenue of new products.
4. Do your research right from your browser
Offering a browser extension is one of the things that separates professionally developed amazon research software from the rest of the solutions out there. IO Scout’s intuitive Chrome extension lets you conduct your research right from the comfort of your browser. This way, you can keep track of everything with ease and carry out your work in a fraction of the time.
5. Share the research responsibility
If you’re part of a larger team that’s doing lots of business on Amazon, you don’t have to go through the time-consuming process of research all by yourself. IO Scout lets you connect up to 10 researchers to your account (depending on your plan) so that you can get your work done faster. Product research for Amazon has never been more collaborative.
6. Take the guesswork out of your research
In addition to providing data about an impressive number of products, IO Scout is often used for Amazon product analysis by studying historical trends. Using the tool’s graphical interface, you are able to view a variety of charts and graphs in order to identify gaps in the market. Once you detect a promising trend or gap, you can dig in further by applying various filters and reviewing a host of statistics, including sales, revenue, and stock status.
7. Simplify your profit calculation
Selling on Amazon has become a very lean process. Once you have a product to sell, all you need to do is become a verified seller and start promoting your products. Amazon will take care of all the other tasks, including packaging and shipping. These perks are not free, though. In fact, the company’s fees are deducted from your sales. The IO Scout team has created a specialized calculator that helps you determine your profits without having to do all the confusing math in your head.
8. Only pay for what you use
IO Scout’s pricing plans start at only $29 per month. Startups and small businesses with limited usage needs will find that the tool’s pricing is very fair because they only pay for what they use. On the other hand, growing businesses are able to obtain a larger capacity and connect more team members by paying a higher price. Plus, if you pay for an entire year upfront, you’ll get a hefty discount.
9. Receive stellar customer support
The majority of IO Scout’s customers are happy with the service they receive, but in order to create a truly satisfying experience, the team provides 24/7 support. The customer service staff have been described as “responsive, friendly, and helpful”. People there are always ready to answer any questions their customers might have.
10. Try it out for yourself
It’s never a good idea to buy a software solution without making sure you’re comfortable using it. All honest software vendors, including IO Scout, offer free trial periods of their products so that you can check the functionality and ease of use before making a longer commitment. You should doubt the credibility of software companies that refuse to let you test drive their applications.
Every software solution has a number of strengths that make it ideal for its target users. As a product tracker for Amazon, IO Scout allows sellers on the marketplace to discover profitable product ideas and analyze their viability before dedicating time and money to sourcing those items