Have you ever wondered how to find the best-selling products on Amazon? Or, how to use Jungle Scout for retail arbitrage? If so, then you are going to love this guide! In the essay we in Scan Fair will talk more about Jungle Scout reviews.
What is Retail Arbitrage?
We have good news for you if you’ve ever wondered how to make money with retail arbitrage!
The short answer is: purchasing products at a lower price and selling them at a higher price. The process is also known as “commodity arbitrage” or “product flipping,” but they all refer to the same thing.
What is Jungle Scout?
Jungle Scout is software that helps you find profitable products to sell on Amazon. It’s the go-to tool for people interested in retail arbitrage and wholesaling, as it will show you what products are selling well and the best price that product is being sold at.
Jungle Scout can be used in several different ways:
- Amazon research: Jungle Scout gives you data about the best-selling products on Amazon. This will help you decide which products have the potential for future sales.
- Product research: Jungle Scout helps you find profitable products to sell on Amazon. The app allows users to search for any keyword or phrase related to their niche item(s). The results will include links where one can purchase those items from other sellers (and thus make money off of them) or even from [Amazon](https://www.amazon.com/).
How Does Jungle Scout Help in Retail Arbitrage?
So, how does it help you to find profitable products? Jungle Scout goes out and searches the Amazon marketplace for a variety of product suggestions. Based on your criteria, it will return the ones that are most likely to be profitable based on the sales volume and price point.
You can also use it to do product research on Amazon. This is helpful if you’re unsure what niche or category you want to sell.
You can also use Jungle Scout’s buying tool, which will show you where your competitors are buying their products from so that you can also buy them at a lower price!
How to Use Jungle Scout for Retail Arbitrage?
- Sourcing a product to sell on your website is simple, but it requires some research. Luckily, there are many tools available to help you along the way. One such tool is Jungle Scout, which we’ll use here as an example.
- First things first: what is retail arbitrage? Retail arbitrage uses Amazon listings to find items that are selling well and can be resold at a profit by third parties. In other words, buying products directly from physical stores and reselling them online for more money than what you paid in-store.
Use Jungle Scout to Find Best-Sellers
Once you’ve set up your Amazon seller account, the next step is to find products to sell. Jungle Scout’s Best Seller dashboard shows the top 100 sellers for each product, the best-selling product name, price, and the number of reviews.
An excellent way to start is by looking at the top 100 sellers in your niche category using our Best Seller Dashboard. You’ll see a list of items with their best-seller rank (BSR), daily sales volume, and other details like price range and average review count. This can help you determine what items are selling well on Amazon before making any purchases!
Sourcing Process
To successfully source products for retail arbitrage, you’ll need to follow these steps in the order listed.
Step 1: Set up your Amazon Seller Central account and get a seller’s permit (if your state requires it).
Step 2: Install the Jungle Scout extension on Chrome browser (or Safari if you’re on macOS).
Step 3: Use Jungle Scout’s recommendations feature to find products with high demand and low competition in your niche. It will show you how many sales they’ve made per day, their estimated profit margin, and other product details. You can filter based on specific criteria such as product price range or certain keywords in their title tag. I recommend exporting these data points into a spreadsheet so you can keep track of all of them later on!
Use Jungle Scout to Research Competition
Once you’ve found a product, it’s time to start researching your competition. You need to use Jungle Scout’s “Opportunity” report to do this. This is where everything happens! You’ll see how many sellers there are for that product, their pricing, and what keywords they’re using in their ads.
After you’ve researched all the top sellers in your niche, it’s time to write up a listing description that will entice customers into buying from YOU instead of them!
Conclusion
If you have read this article till now, you must clearly know how to use Jungle Scout for retail arbitrage. The tool can help you in finding best-sellers and also research competition. It is one of the best retail arbitrage tools that help save time and get more sales.