Many sellers select products by looking at other people’s products through Amazon’s platform. It seems that the more reviews, the better? In fact, this is not the case. Reviews are just a reference. If you choose a product with more reviews, it means that the product is more popular. It does not necessarily mean that you can make it or the cost of promotion will be high. The market is very large, and there are many small market segments that will allow you to make enough money, and the more segmented the market, the higher the profit. If you compete in the red ocean, you will be overwhelmed, so you should choose products based on many factors, instead of just focusing on the number of product reviews. Here are a few other factors for your reference.
In addition to the number of reviews, what other factors should be considered when selecting products?
1. Historical prices of the product. By observing the historical price changes of products, we can determine the future price trend of products and estimate the profit margins of products.
2. Product sales. By understanding the monthly sales volume of the product, you can understand the demand in the entire market and estimate the market share you can obtain.
3. Product ranking. The higher the ranking of a product, the better its sales will naturally be, but the competition will also be fierce. Generally speaking, it is best not to try products that are ranked in the top 100 of BSR easily.
4. The number of existing sellers. It is very simple to obtain this data. You only need to enter the product name in the search bar to find out how many sellers there are for this product. In addition, sellers also need to note that some of these sellers are Amazon-operated.
