1). Sales Estimation Tools
IMO, this is by far the most important tool when you are doing product research. You absolutely need to have some kind of indication about if a product is in demand or not.
When I am doing product research I always have 1 tab open with Alibaba. This way I can quickly do a price check. This will give me a rough idea how much the product cost will be. I will still need to request quotes to get a more accurate price later though.
Here is can quickly see that I can manufacture a garlic press for around $0,90 – $1,30. This is a very rough price, but it will be enough for me to continue with my product research.
3). Amazon FBA Fee Calculator
Of course we want to know if we can make a profit on our product. There are loads of different profit estimators you can use but I like to stick to the official Amazon FBA fee calculator. It’s free and it’s from Amazon itself!
I simply enter the $1,30 product cost I found on Alibaba and enter the $1,30 product cost that I found on Alibaba. Now I can see that with a sales price of $9,99 I will make about $3,40 profit on this product.
4). Product Database
Ok now that we have our profit & sales estimation tools ready, we need to actually find some product that fit our criteria. When I first started out with Amazon FBA I would just browse Amazon.com all day until I found a couple of products that would fit my product research requirements. Although this way I found a couple of decent product, I would have to spend multiple days of just browsing Amazon. So very time consuming.
Nowadays I just use a Product Database where I enter all my requirements and the database will spit out a huge list of potentially great products
You have a couple of options when you want to pick product database. But the biggest Amazon databases are currently:
5). Trend tool
And the last tool I use when doing product research is a tool to spot any trends. We want to know if a product is seasonal or not. Here you have a couple of options as well:
- Google Trends: Great to spot general trends based on Google searches.
- Jungle Scout Pro Chrome Extension: Great to spot Amazon trends.