This is a quick update – we have successfully added Amazon.DE (Germany) to the Egrow product research tool.
It is available for all paid packages and you can switch between Amazon US and Amazon DE, in the top right corner of your member area by clicking the according flag in the drop down menu.
Certain business models are very “easy” to start but much harder to make money with. Other models are extremely profitable but have a much steeper learning curve or upfront investment. On one hand, starting an ecommerce business can be simple, relatively risk free, and doesn’t require a lot of start up capital. But on the other hand, running a successful business still requires a lot of hard work, perseverance, and maybe even a little bit of luck.
So what is the right business model to pursue, for you?
Based on multiple requests by our members, Egrow is releasing another powerful feature the Listing Quality Score (LQS).
With this straightforward metric, you can determine the quality of an on-page optimization of a certain Amazon product details page. Instead of opening every product page on Amazon and manually analyzing various elements of the listing, you can simply look at a number from 1 to 10 (10 means best optimized) and save a great deal of your time.
The LQS provides a completely new possibility of performing product research on Egrow. Now you can easily spot listings which are poorly optimized and find opportunities to launch your next product with a better optimization.
So, you are contemplating on potentially profitable niches to sell on Amazon. There are a few important statistics you need to take into account before selecting the niche to sell in. For instance, it’s important to know the potential sales volume and revenue in niches so you can paint a clearer picture of your revenue goals.
Utilizing Egrow’s Live Amazon Scanner, you will be able to perform real-time scanning of Amazon products and market analysis. Vital metrics such as estimated monthly sales, calculated average, minimum and maximum data for searched niches can be saved for further analysis.