Analyzing Products Using the Amazon Product Research Tool âSellerSpriteâ and Get 35% Off SellerSprite Coupon Code
SellerSprite is an Amazon product and keyword research tool that leverages big data and artificial intelligence technology to provide Amazon sellers with functions such as product research, market analysis, keyword research, and product monitoring. Currently, it boasts over 1 million users worldwide.
Today, weâll use the Amazon product research software, SellerSprite, to investigate whether the product âWind Chimesâ is worth investing in. First, letâs share the SellerSprite coupon code, which is valid long-term and applicable to all versions.
35% off SellerSprite coupon code: WANNA
On the purchase page, choose the appropriate package. If youâre the sole user, the Basic Plan will suffice. Then, click on âPayPal or Credit Cardâ below. On the ORDER SUMMARY page that pops up, enter the SellerSprite coupon code: WANNA. The system will automatically display the FINAL PRICE. Click the button below to complete the purchase.
SellerSprite prices are as follows:
Basic Plan: Regular price $390 per year, discounted price $304, supports 1 account simultaneously.
Standard Plan: Regular price $790 per year, discounted price $616, supports 4 accounts simultaneously.
Advanced Plan: Regular price $1290 per year, discounted price $1006, supports 7 accounts simultaneously.
VIP Plan: Regular price $1890 per year, discounted price $1474, supports 11 accounts simultaneously.
Sign up for SellerSprite:Â https://www.sellersprite.com/en/w/user/signup
Every Amazon seller dreams of finding a blue ocean: a product with demand yet not fiercely competitive. But how do you determine if a product is worth pursuing? Many sellers are unsure where to begin. Today, weâll delve into the analysis of Wind Chimes using the multidimensional data analysis of SellerSprite. Letâs explore the market potential of this product together and see if itâs truly a treasure worth investing in.
Market Demand and Capacity Analysis
Firstly, letâs examine the demand for Wind Chimes in the market. Through keyword research, we discovered that âWind Chimesâ had over 130,000 searches in the past month on the US site, which looks promising. Delving deeper into the search trends over the past three years, we found a stable cyclical distribution of demand. Although thereâs no significant growth trend, thereâs also no decline, indicating market stability. Especially from February to June each year, search volume reaches over 100,000, with other months maintaining a steady demand of around 70,000 to 80,000.
In terms of market capacity, the total monthly sales of the top 10 products are around 30,000, with an average monthly sales of 3,010 and an average monthly revenue of $80,378. While this market capacity isnât particularly large, itâs a good starting point for newcomers or small sellers.
Competitive analysis is another crucial aspect of product selection. The Amazon front-end search results show over 5,000 products, indicating a relatively favorable market competition environment. Additionally, according to SellerSpriteâs market analysis report, the concentration of the top 100 products is 34.4%, with brand concentration and seller concentration both at 39.2%, indicating a certain degree of market monopolization.
Further analysis reveals that third-party FBA sellers occupy 97% of the market share, while self-operated sellers only make up 2.8%, which can be disregarded. Chinese sellers account for around 83% of both quantity and sales revenue, indicating that internal competition is inevitable.
Looking at the trend of new product launches over the past two years, they account for nearly 40% of total sales. This data reveals a crucial piece of information: despite some degree of monopolization in this category, the marketâs acceptance of new products is still favorable, providing ample space for newcomers. This is undoubtedly a positive signal for newbies or small sellers seeking an entry point.
Next, letâs examine the price distribution. Wind Chimes, as a decorative item, doesnât have a particularly concentrated price range, providing sellers with the opportunity to explore high-price market shares. In other words, if your product innovates in design, material, or brand story, thereâs a complete opportunity to open up a new market segment.
Advantages and Disadvantages Summary
Through SellerSpriteâs data analysis, we can summarize several key advantages and disadvantages of the Wind Chimes product category:
Stable market demand, especially in the spring and summer seasons.
Relatively few competitors in the same category, resulting in less market competition.
Products are non-electric and durable, facilitating transportation.
No installation guidance is required, simplifying after-sales service complexity.
Low entry barriers, no category audits required.
Non-essential products and consumer purchasing willingness may be affected by economic factors.
Serious product homogeneity, making innovation challenging.
Although market competition isnât intense, Chinese sellers occupy the majority of the market share, making internal competition unavoidable.
Conclusion: Opportunities for Small Sellers
In conclusion, Wind Chimes, as a product with certain market demand and relatively low market competition, is indeed a category worth trying for newcomers or small sellers. Despite some challenges such as product homogeneity and internal competition, thereâs still an opportunity to stand out in the market through innovative design, improved product quality, and creating a unique brand story.
Remember, every successful Amazon seller starts small and builds their way up step by step. While Wind Chimes may not bring explosive growth, it can be fertile ground for your e-commerce journey, accumulating experience, customers, and brand recognition. In the world of Amazon sellers, perseverance and continuous innovation are the keys to success.
