One of the best things about selling on Amazon is that you can use billions of data points to make decisions for your business. You can even forecast exactly how much a product will sell on Amazon before you purchase any inventory!
The ability to forecast how much you can sell before you invest in inventory greatly decreases the risks of running an Amazon Business.
Step 1: Determine how many people are sharing the Buy Box
Step 2: Find the Amazon Best Seller Rank (BSR) for the products
Step 3: Copy the BSR into the free Jungle Scout estimator and select appropriate settings
Step 4: Divide the estimated sales from Jungle Scout by the number of sellers winning the Buy Box plus 1
That's it! Now you will have a exact estimate of how many sales a product will get before you purchase inventory. With this knowledge you can determine exactly how much inventory you should purchase from your supplier.
For more on this topic, check out this YouTube video: https://youtu.be/ai_caYj7keg
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