Amazon Deal Analysis: Why No Seller Can Go Without…
When looking for products to resell on Amazon, it’s important to assess several factors in order to pinpoint the success that can be had.
We all know how important sourcing good products is BUT analyzing them is just as important.
In a nutshell, you’ll find out if the product is really as good as initially conceived.
We need to find out; BSR, sales history, profitability, eligibility, IP issue probabilities, competition, BuyBox possession and more!
So how do we do this?
Firstly, let me take you on a little history journey.
Rewind several years… There wasn’t really any such thing as a ‘solution’ for proper and thorough deal analysis.
Sellers had to dart around for hours scurrying for scraps of information that ultimately wouldn’t amount to much for ones judgement.
Take a look at this… This is basically most of what you’d be able to find out about a product. After looking at this, do you think you’d have the definitive knowledge of all aspects I mentioned are important to know, at the start of the blog?
That’s what I thought! Then came 2018…
2018 was the year that BuyBotPro came about and changed the way we analyse deals FOREVER.
It is a one-click deal analysis solution that can tell you everything you need to know about a product AND THEN SOME. This tool was the very first of its kind.
Since 2018, BuyBotPro has been the leader of innovation in the deal analysis space since, continually releasing new ground-breaking features that makes Amazon sellers lives easier. BuyBotPro consists of a Chrome extension, a web view and a mobile app specifically for Retail and Online Arbitrage.
Just take a look here… The chrome extension here already reveals far more than what we had on that Amazon product info image.
Let me explain a few of my favourite aspects that make analysis a breeze…
Table of Contents
Sales Charts
This is a general favourite amongst BuyBotPro users. What we like best about is the fact that the charts are comprised of data from several sources, and one of the main sources is Keepa. That’s right, BuyBotPro pays for a Keepa subscription to get this data so you don’t have to!
The charts are displayed in a smooth and easy-to-understand way with different colours, detailed breakdowns, and the unique element of the sales heat map below the chart to summarise the items popularity/sales volume. Where it’s red, the sales are hot!
The charts also have a Break Even and Sell Price line (that change alongside your changes in the calculator). This means you’re able to compare aspects like the BuyBox price against these factors to know if you’re at risk of selling below the desired sell price, or if the pricing movements put profitability in jeopardy.
There’s other charts available such as Offers & Reviews, which allows you to see if competition has historically been stable or dipped drastically (a sign of potential trouble on the listing).
Dashboard
BuyBotPro makes it incredibly clear if an item can be sold or not. It condenses some of the most important factors into simple indicators.
Within this you can see;
-Hazmat
-Eligibility
-Dangerous Goods
-Meltable
-IP Radar
-BuyBox Analysis (If the BuyBox is being shared)
-Variations (If they are present)
The cool thing with Eligibility is that if you’re not eligible you can use the ‘Auto-Ungate’ function to have BuyBotPro apply to ungate you which can work if Amazon don’t require anything further like an invoice.
I’d also like to highlight that the IP Radar contains one of THE biggest IP databases of any Amazon deal analysis tool. This is due to the fact that BuyBotPro is partnered with the suspension experts at GetUnsuspended, so any brands they become aware of that are problematic will be added to the database.
BuyBox Statistics
This is just as important as assessing sales. You need to know your probability of achieving the sales.
This table makes it clear who has had the BuyBox and for how long across several different time windows…
Variations Analyser
You come across a product that sells in multiple sizes and colours…
Now the only question is, which colour and size would be most fruitful?
Without any help, this’d be a process that would take hours!
So, this is where the Variations feature comes in useful and condenses this task down to mere minutes (if that)
You can view all of the different variations with the amount of sellers on each listing, their feedback amount, and positive feedback percentage.
There is also a button that creates pie charts that clearly display the most popular colours and sizes for your convenience.
As you can see, this feature revolutionises the process of assessing the best variations.
Wholesale Analysis
If you acquire any Wholesale product sheets, you may find it quite the long task to analyse each product individually from the sheet…
This is where BuyBot Wholesale analysis comes in!
You can upload a Wholesale analysis sheet and the software will analyse everything in the sheet.
You’ll then be able to sort by profit, ROI, sales, and more to find the perfect products for you from the Wholesaler.
There’s plenty more features where these came from!
Here is a list of features BuyBotPro possesses:
- Calculator
- Dashboard Indicator (revealing eligibility, IP and more)
- Numerical Details (profitability, ROI, total costs, etc)
- BSR History
- Discount Calculator
- AI Confidence Score (This is a score that BuyBotPro gives to tell you how sure it is with Amazon deal analysis – so kind of like getting a second opinion)
- Estimated Sales Calculator (reveals previous & current sales as well as predicts future sales)
- Competition Analysis (Shows key information about each competitor on the listing)
- Multi-Market Analyser (Shows key information about the listing in each marketplace it’s available in)
- Variations Feature
- Multiple Sales Charts
- Data Export (export analysed product data to any Google Sheet of your choosing)
- ASIN Average Statistics (reveals price and BSR averages over different time periods)
- Profit Protector Pro integration (to set up items for repricing in advance)
- Quick links to various places within Seller Central for ease of navigation
- BuyBotWholesale (Wholesale sheet analysis)
- BuyBotGo (Mobile app for Retail and Online Arbitrage)
- Virtual Assistant Toolbox (you can add VA’s to your BBP account and they can use a condensed version of it for analysing deals – you can also monitor VA’s using this feature too to ensure they’re on task)
As you can probably gather, BuyBotPro is more than well equipped for the task of Amazon deal analysis. You’ll find the deals that work and what’s just as good is that it’ll help you to avoid bad buys.
If you’re wondering about numbers, you can add VAT status, prep fees, extra fees, bundle fees, and so forth to your settings.
What’s more the Amazon fees are automatically taken into account and pulled directly from the Amazon calculator itself so they’ll always be up to date and accurate.
There are other aspects of BBP you can customise and tweak to your liking to make the tool truly your own, which includes customising the aspects within the panel.
BuyBotGo
This app is part of the BuyBotPro subscription so costs nothing extra and is designed specifically for Retail Arbitrage.
So when you go out to a store, you can scan any products barcode and it’ll be analysed.
You can have a quick review on the go and see if the item will work for you.
What this app has that no other does is an offline scan ability. So if the Wi-Fi in store sucks, or data isn’t doing so hot you can still scan a product and it adds it to a queue.
Once you have internet connection again, you can sync the queue and it’ll then analyse everything in said queue.
So, from this introduction to BuyBotPro, hopefully you can see the difference it’s made to the Amazon world. The great thing about BBP is that it has strong links/integrations with other notable tools in the space which includes the repricer Profit Protector Pro, and the sourcing tool Sellerbility. Having multiple tools allows for an easy/smooth workflow. BuyBotPro has a 30 day free trial, so you have everything to gain and nothing to lose! You can sign up here – https://www.buybotpro.com
Furthermore, there are a few plans with ‘Suspension Safeguard.’ This is like taking out insurance for your Amazon account and means you’re covered by the suspensions team from Get Unsuspended. If you encounter any such issues, you’ll be able to get help from the suspensions team. The support offered by the tool is immense.
You can reach out to a 24/7 support email and there’s a variety of training videos you can access both within the tool and on the dedicated BBP YouTube channel. This also includes a Virtual Assistant course that can teach you how to recruit a VA, and then there’s also a segment of the course that’ll train a VA in arbitrage basics as well as how to use BuyBotPro.
