How to Find a Profitable Product to Sell on Amazon in Australia
Are you looking to start your own online e-commerce business and wondering how to find a profitable product to sell on Amazon in Australia? Look no further! In this article, we will guide you through the process of finding a profitable product step by step.
Table of Contents
1. Introduction
2. Why Sell on Amazon in Australia?
3. Basic Product Research on Amazon.com.au
4. Using Chrome Extension for Sales Data
5. Calculating Profitability
6. Advanced Product Research on Amazon.com
7. Researching Top Brands in the Industry
8. Using Ali Hunter to Track Sales
9. Conclusion
Introduction
Selling on Amazon in Australia can be a lucrative business opportunity. With the right product and strategy, you can make a significant profit in a short amount of time. In this article, we will show you how to find a profitable product to sell on Amazon in Australia.
Why Sell on Amazon in Australia?
Amazon.com.au is a relatively new marketplace, which means there is still a lot of room for growth. Compared to Amazon.com in the United States, which launched in 1995 and has a traffic of around 2.65 billion, Amazon.com.au has around 1.7 visits per month. This means that there is still a lot of opportunity to grow in Australia.
Additionally, Amazon offers benefits such as Prime two-day shipping and a better overall shopping experience compared to eBay. By selling on Amazon, you can take advantage of these benefits and attract more customers.
Basic Product Research on Amazon.com.au
To start your product research, go to Amazon.com.au and set your delivery address to Australia. Then, search for a product that you are interested in selling. For example, if you want to sell travel accessories, type in “travel” in the search bar.
Amazon will suggest some popular search terms related to travel. Click on one of the suggestions, such as “travel accessories.” Scroll through the results and look for products that interest you.
Using Chrome Extension for Sales Data
To get more information about the sales data of a product, you can use a Chrome extension such as Egrow. Egrow will show you how many sales a product is making per month, the bestseller rank, and other useful information.
To use Egrow, click on the Chrome extension icon while on the Amazon.com.au product page. Egrow will then generate the sales data for that product.
Calculating Profitability
To calculate the profitability of a product, you need to know how much it costs to source the product and how much you can sell it for. You can source products from websites such as Alibaba.
For example, if a product costs $6 to source and you can sell it for $20 on Amazon, your profit per item is $14. If you sell 375 units per month, your profit before advertising costs is $3,135.
Advanced Product Research on Amazon.com
To do more advanced product research, go to Amazon.com and set your delivery address to the United States. Search for a product that you are interested in selling, such as bamboo sheets.
Look for top-selling brands in the industry and see what products they are selling. You can use a tool such as Ali Hunter to track the sales of these products and see what colors and features are popular.
Researching Top Brands in the Industry
Researching top brands in the industry can give you an idea of what products are selling well and what features customers are looking for. Look for brands such as Attitude and Bamboo Sheets Australia and see what products they are selling.
Using Ali Hunter to Track Sales
Ali Hunter is a tool that can track the sales of products on Shopify websites. You can use Ali Hunter to see how much revenue a product is making and what variations and colors are popular.
Conclusion
Finding a profitable product to sell on Amazon in Australia requires research and strategy. By following the steps outlined in this article, you can find a product that is in demand and has the potential to make a significant profit. Good luck with your e-commerce business!