Check if the product is already researched or not
Check the product’s seasonality
Open main competitor and run JungleScout to check the Revenue
Then run the Helium10 Xray on Main Keyword
Remove the sponsored results
Check the Prices of competitors and make sure they meet our criteria
Check Rating and Reviews (make sure they meet our criteria and no issue with rating or no
high competition)
If everything is okay till now, find the lowest and average price in last 3 years (after Jan
2021) using Keepa
Put these in the Profit sheet
Copy the competitor’s ASIN, put it in Revenue Calculator (Seach Amazon Catalog)
Put the lowest and then average price, fetch the FBA Fees
Then go to Revenue Calculator (Estimate in bulk) and put the ASIN
Copy and paste the dimensions in the Profit Sheet
Fill required cells in the profit sheet and you’ll get final Profit margin
If the profit margin is 20% or above, do the same for two other competitors.
Competitors must have same design and almost same dimensions (we need relevant products)