Auction Inspector eBay Niche Finding Software Review


by salehoo_group - 15 Oct 2006

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The Auction Inspector has recently hit the market with a bang. It’s a nifty piece of software that analyses statistics from eBay’s ‘Want it Now’ listings and indicates how much potential there is for selling a particular product successfully. Judging from all the happy testimonials on the site, it seems that customers are delighted with Auction Inspector so far.

 

It certainly offers some great benefits:

  1. Find hidden trends in the Want It Now marketplace. Auction Inspector scours categories for terms repeated often.
  2. Get in before everyone else! Auction Inspector will tell you which niche markets are saturated with sellers already, and which ones are ripe for the picking!
  3. Quickly find demand for certain products using the keyword search: Searching Want It Now manually could take hours, but Auction Inspector does it in minutes!
  4. Search eBay US, Ca, UK or Au.
  5. Find out which markets have low demand before you get burned.

In the name of research I went through each of these claims to judge for myself whether Auction Inspector actually delivers!

First of all: hidden trends….I couldn’t help but wonder how well Auction Inspector would tell me those. Not only does a ‘hidden trend’ seem a rather tenuous statement, but if they really were such a goldmine, wouldn’t the creators want to keep those trends to themselves?

Doubtfully, I performed a search on ‘toy’ with little hope that I would find a hidden trend in such a broad category. But to my surprise, after a 5 minute wait I discovered that ‘toy car’, ‘plush toy’, and ‘Fisher Price’ all had very good potential.

Still a little unconvinced, I went to eBay’s completed auction listings and searched for ‘Fisher Price’. Amazingly, almost all had sold and for decent prices too. I have to admit I was blown away at the percentage of toys sold – at a glance it looked to be over 80%, which is a lot higher than many eBay categories.

I was very impressed with this result.There were 3 ‘hidden trend’ ideas here that would’ve taken days for me to figure out for myself without the help of Auction Inspector. I also began to see that there are so many niche markets that the creators couldn’t possible use them all themselves.

Round one to Auction Inspector!

The second challenge was: would Auction Inspector tell me what niche markets were packed to the hilt with sellers…and which are ripe for the picking.

To test that claim I spend some time searching for a whole lot of very popular products such as Ipods, makeup and Barbie dolls.As I already guessed, these products had little room for a new seller such as me.Except in a more obscure tangents such as knitted doll clothing…Interesting – even for such an unlikely search, one can still find a niche item.

Then I decided to try the less popular term ‘Quilt’.And I found that ‘Pottery Barn Kids’ has the very high potential of 24.39!

Auction Inspector seems very good at finding niche markets. Just keep on typing in search terms related to products you are interested in selling, and before long you’ll have at least a couple of niche areas to try.

I think I can safely say that the previous two tasks have already proven the third claim: that you can quickly find demand for certain products using the keyword search.

As for the fourth, I’ll tell you why it’s so useful to be able to search eBay USA, Canada, UK, or Australia.

First of all, if you want to burgeon out overseas, Auction Inspector can give you peace of mind that your product will sell. Worried that your light sabers won’t be in demand in Australia? Use Auction Inspector to find out.

You might also be surprised to find that some products that aren’t in demand in your home country are greatly in demand elsewhere.For example, Arctic Cat mobiles have a potential of 40.63 in the US, but they don’t even appear in a search on eBay Australia.

Or you use this tool to carry out market research on a product before you buy it in. This will give you an idea of the extent to which you may be able to expand in the future.Is this a global demand or a national one? This is particularly useful if you only want to invest in an idea that is able to be expanded indefinitely.

Finally, we reach the fifth claim Auction Inspector makes: that I’ll be able to see which markets are full before getting burned.Now that I liked the sound of that!

This claim also turned out to be right on the nose.All the popular items I could think to search for – such as the Gucci and Levi labels - were packed to the hilt. And if they weren’t completely saturated, there was usually only a very small potential such as 2.00 or 4.00 for a niche product like Men’s Gucci shoes for example.

So my verdict? Auction Inspector lives up to all of its claims; I couldn’t find anything to criticize! It’s a great market research tool and allows you to get a fantastic insight into a market, alleviating a significant portion of the risk before you go and dive in headfirst.

It’s also very tempting to fill spare moments searching for whatever happens to pop into your mind and see whether there is a demand! But I doubt that’s a benefit they intended…


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Comments

  • avatar

    Fashions4Flirts

    Commented at 20:56 21 Jul 2009

    I don't think this new policy will effect my business what-so-ever. I offer shipping insurance, but most of my buyers don't even bother with it. I guess if I were selling products other than clothes, it would be a different story.

  • avatar

    Steve

    Commented at 18:11 22 Jul 2009

    So many complaints about eBay and PayPal. Just do as I did and walk awy from ebay. After 4 years of selling I had enough and closed my account with both eBay and PayPal. As long as I had a active account I always found my self going there. Now that I dont have it anymore, I dont miss it.

  • avatar

    Sara Martin

    Commented at 13:36 23 Jul 2009

    In my opinion new policy is more convenient for the buyers and sounds like a trouble for sellers.. But this change will definitely reduce the risk for buyers and put more responsibility on seller

  • avatar

    Alan

    Commented at 23:19 24 Jul 2009

    An interesting post, I'm passionate about the idea of insurance on certain items, keep reading and you'll understand why. I'm only still a small ebay seller (but I plan on growing on eBay) and predominantly use Australia Post for shipping, any large items that Aust Post can't handle I use a 3rd party shipping company online.

    Am I understanding this right in saying that it will be mandatory that all items will be required to have insurance and that the seller needs to add this to the cost of an item?

    Why? It seems completely ludicrous to me. In my opinion what they should be making mandatory is that the seller includes insurance as an OPTION to the buyer in the shipping costs, it is then up to the buyer if they want to pay extra for insurance or not. It's their money after all.

    I always offer to ship an item via Regular post, Express post or Registered Post (this includes insurance) and the online shipping Co. I use have insurance included by default. I believe that the buyer should have the choice of how much they want to spend on shipping wherever possible, not only that it will be completely ridiculous to enforce insurance on some items.

    I always strongly recommend insurance on an item that can be damaged thru the post, particularly as Australia Post is hopeless, they simply don't give a damn about using any care in handling parcels. If it's one thing I've learnt, it's how to package items securely, even then it's not enough for Aust post. I'm certain even if I shipped things in a steel box with everything virtually embedded in high density foam Aust Post will still find a way to damage it.

    I would love to use couriers, but for smaller items they're just way too expensive. I am thinking of making Registered post the only option for breakable items, only because of Aust Post's lack of care. But I certainly don't think that should be reflected in the cost of the item.

    So I guess my point is that to have the idea of enforcing insurance is fine if it is in fact out of genuine concern for the buyer, but to MAKE the seller or the buyer pay for it in the cost of an item is ludicrous. The cost of an item has got absolutely nothing to do with insurance.

    I thought the whole idea of eBay is to find a bargain, by enforcing insurance it is effectively reducing the ability of finding a bargain. Besides which, if you need to include insurance in the cost of an item how much insurance do you put on it, by whose recommendations? eBays? Aust Post? Fedex? And what about dropshipping items? How is that going to affect doing business with dropshippers?

    I think eBay might be opening a can of worms with this one, particularly if their approach is as you say it is.

    Cheers.

  • avatar

    SaleHoo

    Commented at 16:19 26 Jul 2009

    Hi Alan,

    In regards to your question about whether eBay will make insurance mandatory for sellers, eBay has not yet released their policy on this but according to sources*, no, it is not mandatory. However, as the new policy states that sellers will now be responsible for the item getting to the buyer in one piece, eBay recommends that sellers get the item insured to protect themselves and attach this cost to the item's cost.

    Yup, as you said, the cost of shipping has nothing to do with the cost of the item you are selling.

    Interesting point about how this will affect dropshipping. Any dropshippers out there who have concerns about this new policy?

    *http://blog.auctionbytes.com/cgi-bin/blog/blog.pl?/comments/2009/7/1247938302.html

  • avatar

    Clara James

    Commented at 09:27 28 Jul 2009

    Well the only purpose to tighten the policy is not to alert the sellers but also smoothing the process of transaction. As we take paypal ... that play a vital role to make online transaction more secure . . . so I really appreciate the effort of ebay toward new policy and the article writer that provide the information.

  • avatar

    Hotels Pakistan

    Commented at 22:53 16 Feb 2010

    I think the new policy will increase my profits because it cut short my expenses. Coz my business mostly consists on buying.

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