It is very important for Amazon and eBay sellers to predict the sales of their stores. If you cannot have a basic estimate of the sales of your store products, it is easy to make a wrong judgment. So how do Amazon and eBay sellers predict sales?
1. Estimate your competitor’s sales by looking at the ratio of reviews to sales
Whether you are a new seller or an experienced veteran, you will often encounter a problem when running a business: too much or too little inventory. This is mainly because the algorithms built by Amazon and eBay are fluid, making it difficult for sellers to estimate inventory. It is common for sellers to sell only 2 products in a week, and then suddenly sell 40 products in 3 days. When this happens when the product is not selling well, sellers are often happy and worried. They are happy about the increase in sales, but worried about insufficient inventory.
2. Amazon weekly product sales estimates
If you are not competing for the Buy Box, then to estimate weekly sales, you need to understand two things: one, your own sales volume, and two, the proportion of reviews your product receives.
3. eBay weekly product sales estimates
It is easier to estimate the average weekly sales of eBay products than Amazon. Just look at the launch date and sales volume of your competitors' products (e.g. 100 units sold, 90 days on sale). You can use this data to calculate their average weekly sales.
4. Peak sales period
During the peak sales periods in 2015 and 2016, product sales increased by 70% compared to normal periods. Peak periods cannot be ignored when purchasing products. You can also put the average product retail prices of you and your competitors in different periods into a spreadsheet, divided into "Current Inventory Status/Price", "Future Inventory Status/Competitor Average Retail Price", etc.
This is the end of this issue on how to check sales on Amazon and eBay stores. If you want to get more information about store sales, please pay attention and we will continue to answer your questions~
