Amazon is undeniably the biggest and most influential online marketplace available in the eCommerce arena. The data it offers, from sales figures to changing prices, can help new sellers immensely in making informed business decisions. However, the vast amount of intel can be difficult for most people to find and parse. That’s why Algopix has built an online market research tool to extract all the relevant facts your business can benefit from. Let’s say hypothetically you’re thinking of selling the Samsung Galaxy Note 9, an excellent phone with great selling potential. Your supplier can provide you with several units for $680 each. Now you have to ask:
- Where should I sell these phones? Amazon? eBay? The US? Canada?
- How much will I have to pay in shipping costs, taxes, and marketplace fees?
- Will enough people want to buy it?
- What price will result in the maximum profit for me?
- What other sellers are also selling the Note 9?
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