How to Find Products for Amazon: Top-5 Automatic Sourcing Services on How to Find Products for Amazon
If you start your own business, you will need to look for suppliers, which is not easy, especially if you do not know what you are looking for. That is why Automatic Sourcing Services can help you learn how to find products for Amazon.
When the pandemic hit, online shopping became more frequent than ever because it made people feel safer and convenient. Not only do people buy things online, but they also start selling online through different platforms.
What are Automatic Sourcing Services?
Automatic Sourcing Services is a method for someone to find products for Amazon with good quality and reasonable price. Most businesses buy materials for Amazon and use apps or hire freelance sourcing agents for time efficiency, cost-cutting, trusted brands, assurance in quality, and a wide range of products.
These Automatic Sourcing Services also have lists of suppliers and products that are already trusted and offer deals so that buyers may spend less than what they were supposed to. It also benefits the suppliers because their products can reach more people, thus also gaining more customers.
The only question that remains for the people who plan to sell on Amazon is how to find products for Amazon?
What to look for on an Automatic Sourcing Service?
There are many available Automatic Sourcing Services that will help you learn how to find products for Amazon. As much as they look out for the supplies that best suit your products, you must also look at the best sourcing service before using one.
Here are some key elements you might want to look at while choosing an Automatic Sourcing service that will help you find products for Amazon.
Calculate profit margin
This feature calculates the total profit you earn or might earn for selling your product. This feature includes all the fees that cost you, such as shipping and inventory fees. It is important to track if your business is doing good rather than pulling you down.
Before figuring out what to sell, it is best to know the demand on the market today. It is not because you want to sell the popular product, but also because sometimes, it is best to avoid that. The higher the demands, the higher the competition.
Tracking your competitors
You will have competitors on the field. It will be wise to observe their market and sales ranking to know their advantages and disadvantages and use it to your benefit. If you are just about to start your business, you will also know what products will earn you more money.
You want to keep your profit as high as possible and your cost as low as possible. Some Automatic Sourcing Services offer great deals from the suppliers they are partnered with, which allows you to sell it on the market for a more reasonable price. Look for sourcing services that are also not too expensive.
What are the Top 5 Automatic Sourcing Services to find Products for Amazon?
The future Amazon seller who wants help finding products for Amazon has many options on how they want to do it. They can scout manually for the products or materials they need or ask for help from professionals, whether a freelance sourcing agent or a sourcing company.
Whether they want to try the product for themselves or leave it to the professionals when they do not know how to test quality, for those who need help on finding products for Amazon, here are the Top 5 Automatic Sourcing Services you might want to consider.
Helium10 is a Chrome extension software tool and can be used for free with limited features. It can search through a product’s sales rank and how much profit you may gain. The highlight feature of this software tool is that it can also search the sales velocity of a particular product.
Sales velocity refers to how much you earn money. It is crucial to know this, especially if you plan to order many products that you want to sell. It also alerts the user about the hot keywords and the registered brands.
You may use Jungle Scout as a Chrome extension or their web app. It allows the user to search products quickly by using filters. You may also track the products of your competition and their sales. Additionally, Jungle Scout helps the user have an estimated sell and profit on your product each month.
However, this does not come free. You may choose between a plan or a package, ranging from $49 to $129 a month, and a $999 package with more features and a live coaching package for a year.
If you are undecided on what to sell on Amazon, SourceMogul has data of hundreds of retail stores on Amazon and compares their market to know what sells best. It is a great way to look for products you want to buy since they offer a filter or criteria when searching for something.
You may also search by the ROI, product cost, net profit, and different categories. Those who are still new to selling on Amazon are offered a 10-day trial.
If you are after the best deals instead of the performance of your competitors, CamelCamelCamel is suitable for you. You do not need an account to search for the products you want, but having an account will alert you to the price drops. If you also have a wishlist on Amazon, this app will show you the price history before you purchase it.
The best part of this is that you can create your account for free! An actual cost saver for a starting business.
Keep is a more comprehensive tool if you want to know and keep track of the prices of the products you are interested in. It gives the user’s price history graphs, the price drops, the availability of the products, and great deals. There are ready tutorials on reading charts to understand the market comprehensively.
The website offers both free and a monthly subscription sourcing service. You may get full access for approximately €19 € per month.
For more product sourcing tips, continue reading this blog: Best Approach to Sourcing eCommerce Products Worldwide.
Frequently Asked Questions
What is the best Automatic Sourcing Service available?
Choosing the exemplary sourcing service to find a product for Amazon depends on what features you want to have: stay on top of the great deals, a free app, a profit tracker, etc.
What is eSourcing?
eSourcing, also known as Electronic Sourcing, is an online system that collects data from different suppliers and presents it to the buyer. This system allows the buyer to choose from trusted suppliers without the hassle.
What is ROI?
ROI is short for Return on Investment. It is a type of measure that evaluates performance or profitability. The seller will know if their products are making a profit or just costing them.
You may choose to be independent and be more hands-on, but having help beside you will be more competent for the business. These Automatic Sourcing services will teach and help you find products for Amazon. Whether you are looking for great deals or watching out for your competitions, you might want to give these apps a try.