Sellers often look to foreign markets for interesting products to manufacture, import, and sell. Japan is a country that many sellers look to import interesting products from. When it comes to selling Japanese products on eBay, there are a couple of things you’ll need to know.
All successful eCommerce sellers rely on extensive market intel to make their business decisions. If you are looking to sell Japanese products, you’re going to need to do some market research first. That means you’ll need to understand what items are performing well on eBay. Here are a few things to look out for:
- Competition and demand levels
- Your Costs Of Goods Sold
- Shipping expenses, marketplace fees, and taxes
- Competition Level
All of these factors influence how viable a product is. Products with low demand and high competition are hard to rank for, while a product with high demand and low competition is ideal. Algopix is a product research tool that can help with all of these things and it includes an eBay fees calculator and the ability to analyze bulk lists of products.
Let’s walk through an example. Beksul Plum Extract is a sweet condiment made from Japanese apricots typically applied to meats and savories. Sellers should be interested in determining its demand level, and profit margins.
Algopix can gather valuable information including the item’s market price, expenses, profit margin, and competition levels on eBay, Walmart, and Amazon, as well as their 16 international marketplaces. We can see here that while we can purchase a bottle at several dollars beneath the market price, the associated expenses (i.e. shipping, taxes, etc.) required to sell the item, resulting in a negative profit margin.
In use cases like this, an eBay product research tool can provide you with actionable insights that help you discover products that are worth sourcing.
You’ve put a lot of time into your online business. Try Algopix today if you want to improve your product sourcing.
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