Know The Earnings Of ANY Seller On Shopify, Amazon, Etsy Or EBay (Here's How!)
What Makes E-commerce Profitable?
In this section, the speaker introduces the topic of e-commerce profitability and discusses tools to uncover earnings in platforms like Shopify, Amazon, Etsy, and eBay.
Uncovering Shopify Store Earnings
- Shopify was previously a black box regarding revenue transparency.
- ShopHunter.io crawls Shopify stores to determine sales accurately.
- ShopHunter likely uses the 999 rule to estimate inventory and sales.
- Steps to track a Shopify store's sales using ShopHunter.io.
Analyzing Amazon Seller Profits
- Amazon dominates over 50% of US e-commerce; understanding seller profits is crucial.
- Two methods to estimate Amazon listing earnings: free manual approach and paid tool usage.
- Jungle Scout offers estimated sales data for products on Amazon based on BSR.
Product Research on E-commerce Platforms
In this section, the speaker discusses product research strategies on various e-commerce platforms like Amazon, Etsy, and eBay. Key tips and tools for effective product research are highlighted.
Jungle Scout for Amazon Product Research
- Utilize Jungle Scout to filter products with low to medium competition on Amazon.
- Avoid well-known brand names and focus on more obscure products.
- Look for products where you can add value and differentiate yourself.
Etsy Product Research Techniques
- Use Etsy's platform to view sales data of sellers' products.
- Manually calculate sales data by counting units sold multiplied by the sales price.
- Limitations of manual method: hidden sales data, time-consuming process.
Everb Tool for Etsy Research
- Introduction to Everb tool for scraping all Etsy listings to determine each listing's revenue.
- Demo showcasing how Everb provides monthly revenue and lifetime sales data efficiently.
eBay Sales Analysis Methods
- Utilize eBay interface to understand product sales through completed listings.
- Manual method involves calculating sales based on completed listings; tedious due to vast data.
Zik Analytics Tool for eBay Research
- Introduce Zik Analytics as a tool for faster and more comprehensive eBay product research.
- Zik Analytics instantly provides detailed sales data associated with searched products.
Importance of Real Sales Numbers in E-commerce
- Understanding real sales numbers is crucial before deciding to sell a product online.
- Knowing demand, competition level, and identifying top-selling products are essential in e-commerce business strategy.