There are a lot of products out there, and it’s tough to know which will be the most profitable for your digital marketplace. Market trends shift constantly, and what’s selling well in one part of the world might not be selling at all in another.
In addition, the success of your sales depends greatly on whether your prices are competitive. Yet the problem is that in the eCommerce world, prices fluctuate all the time.
It’s important to comprehensively research product performance and demand on all worldwide marketplaces.
Staying on top of trends and adjusting your catalog offerings accordingly can be a constant challenge. Your products may be sold on many different channels, and demand and prices can change frequently. There are simply not enough hours in the day to manually check and update these details.
So how can you be certain that you are choosing the right products for your marketplace and pricing them competitively?
With Algopix, you can rapidly receive real-time insights on product data, pricing and demand.
Algopix’s Product Analysis API makes it easy for you to make the right decisions about your inventory. When you enter any GTIN such as UPC, EAN or ASIN on a specific product, you can quickly receive essential, real-time information such as prices on markets across the globe, sales performance, product details and rating.
Having this essential information can make the difference for your marketplace by allowing you to discover the right products for your catalog and sell them at the most competitive prices.
With access to this crucial data, you can easily research these products to determine which ones should be added to your catalog—and which should be adjusted or removed.
Algopix makes it easy for you to make the right business decisions about your products and prices. You can:
Research product data, including attributes, pricing recommendations, sales estimates, description, images and more
Enhance your product catalog data by getting the most accurate product information to add to your catalog
See how you compare to your competition by accessing product prices in real-time in marketplaces around the world
Quickly identify live market trends and business opportunities
Boost your profits by offering the most in-demand products at the most competitive prices