Amazon online arbitrage tools act like oxygen for vendors to survive on this biggest worldwide e-commerce website. Since a massive number of customers shop on Amazon every day, hence it’s a great opportunity for vendors to get fruits thereof.
On the other hand, sellers must leverage various tools to continue in the fierce rivalry and oversaturation of the market. The tools like Helium 10, Keepa, Jungle Scout, and many others assist vendors to fulfill several tasks automatically and streamline their search for profitable products. They keep sellers updated about market trends, competitor rates, sales history, and product availability, enabling them to make informed decisions about their inventory and pricing.
Chronologically
Amazon, initially an online bookstore was established by Jeff Bezos in 1994. Later on, it turned into the biggest worldwide online retail with approximately $1 trillion market value. Many elements contributed to Amazon’s success, but some of the more prevalent ones emphasize customer service, prompt and reliable shipping, and an enormous selection of products.
Amazon Online Arbitrage Tools
Following is a list of 7 software tools that can help you scale your online arbitrage business for Amazon sales:
- Jungle Scout
One of the most popular Amazon online arbitrage tools in this regard is jungle scout. This Amazon research tool was founded in 2015 by Greg Mercer. The software helps sellers find profitable products to sell on Amazon that’s the reason it swiftly became popular among the vendors. Jungle Scout provides two products a web app and the Chrome extension. The former is a powerful research tool that categorizes profitable products as per various criteria like the product category, sales rank, and pricing history. Further, it provides historical sales data, keyword research, and a product tracker that allows sellers to monitor sales and inventory levels over time.
The Chrome extension on the other hand is a browser extension that provides real time-data while browsing Amazon. It shows current product data like sales rank, estimated revenue, and reviews that enable sellers to quickly analyze product potential and competition. Furthermore, it has a very important feature called “Opportunity Score” which specifies the rates of potential profitability of a product based on various factors like sales volume, competition, and listing quality.
In addition to the aforesaid, jungle scout provides several educational resources like webinars, blog articles, and a community forum to help sellers learn and grow their Amazon business.
Moreover, this software offers a set of tools to manage Amazon PPC campaigns, automatic email follow-ups with customers, and product sourcing.
- Keepa
Keepa is one of the most authoritative Amazon online arbitrage tools that keep sellers updated on real-time insights and historical data. This enables them to make informed decisions about their inventory and pricing strategies. This powerful software was founded in 2011 and turned into a very popular tool for Amazon vendors because of its wide range of features and user-friendly interface.
Keepa offers a web application as well as a browser extension that enables vendors to view imperative data about Amazon products, like price history, sales rank, and stock levels. Further, it provides features like price tracking, deal alerts, and product analysis which makes it a comprehensive tool for Amazon vendors.
Its customizable price history graphs and real-time notifications provide sellers with valuable insights into pricing strategies and sales opportunities. The product analysis tool allows sellers to compare products and evaluate the competition, while the automated listing management features streamline operations and maximize profits.
- Helium 10
A fantastic all-in-one program created especially for Amazon merchants is called Helium 10. This specific software is of great significance in the category of Amazon online arbitrage tools. It was founded in 2016 and quickly has become one of the most favorite tools in the Amazon marketplace as it has a broader range of features and a user-friendly interface. This wonderful software offers a set of tools that provide sellers the ability to research and analyze products, optimize listings, manage inventory, and monitor their competition.
Following are some of the main key features of Helium 10:
- Product Research
Helium 10 offers a suite of product research tools that sellers use to identify profitable products to sell on Amazon. This is one of the best Amazon online arbitrage tools that include keyword research, product validation, and competitor analysis.
- Listing Optimization
Further, it provides a range of tools to help sellers optimize their Amazon listings. This includes tools for keyword optimization, listing translation, and image enhancement.
- Inventory Management
It also offers tools for managing inventory levels and forecasting demand that allows sellers to make informed decisions about their inventory levels and avoid stockouts.
- Competition Monitoring
Furthermore, it provides tools to monitor the competition, including competitor analysis and product tracking.
- Financial Management
Helium 10 offers tools to help sellers manage their finances, including profit and loss tracking and fee calculation.
- Tactical Arbitrage
This is another amazing Amazon online arbitrage tool that helps sellers to find profitable products to sell. It was launched in 2015 since then it has become one of the most popular software solutions for Amazon sellers. It scraps data from various online retailers like Walmart, Target, and Best Buy, and compares the same to the prices and sales data on Amazon. Thereafter, it identifies products with profit potential, taking into account factors such as the seller’s profit margin, shipping fees, and Amazon fees.
Speed is one of the key features of Tactical Arbitrage. Amazingly it can analyze thousands of products in a couple of minutes, this allows sellers to quickly identify profitable products and take advantage of market opportunities. Tactical Arbitrage also offers a range of additional features, including product analysis tools, price tracking, and category analysis. This helps sellers to refine their search criteria and identify profitable niches to focus on.
- OAXRAY
OAXRAY is another Amazon online arbitrage tool designed particularly for Amazon sellers. It was launched in 2015 and now is one of the most popular software solutions for online arbitrage.
It works by analyzing data from a range of online retailers including Walmart, Target, and Home Depot, and comparing it to the prices and sales data on Amazon. Thereafter, it identifies potential opportunities for profit considering the factors like seller’s profit margin, shipping fees, and Amazon fees. Tactical Arbitrage speed is one of the key features of this amazing tool. It can analyze thousands of products in a few minutes enabling vendors to quickly identify profitable products and take advantage of market opportunities.
- Amazon Best Sellers List
This is one of the best Amazon online arbitrage tools that are available in the form of a list of the top-selling products on Amazon in various categories. The list is updated on an hourly basis and represents the best-selling products on the platform.
The list is categorized as books, electronics, toys & games, and home & kitchen, among others. Within each category, the products are ranked as per their sales performance over the past 24 hours. To be eligible for the Best Sellers list, a product must be having a high sales volume and positive customer reviews. Therefore, Amazon uses a proprietary algorithm. Appearing on the Best Sellers list can be a valuable marketing tool for sellers, as it provides increased visibility and credibility. Many shoppers use the Best Sellers list as a way to discover new products and make purchasing decisions.
- Google Trends
Sellers on Amazon can use Google Trends, as one of the Amazon online arbitrage tools. This is a free web tool that examines how frequently certain search keywords are put into Google’s search engine during a predetermined time frame. It offers information on the trends and popularity of various search terms, subjects, and phrases.
This tool enables vendors to compare the number of searches for various profitable products, identify the regions and languages where those searches are occurring, and monitor trends over time. Marketers on Amazon can utilize this information to better understand the preferences and habits of their target market, find keywords to better optimize product listing, and enable effective sales thereof.
Conclusion
The analysis leads to infer that using Amazon online arbitrage tools as aforementioned can help sellers streamline their business, optimize their strategies, and increase their profits.
Further, by leveraging the data and insights provided by these tools, sellers can be able to gain a competitive edge in the marketplace and achieve long-term success.