Exploring SaleHoo and the Market Research Labs

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nmbrans_new
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20 Jan 15 01:45:03 am
Hi i just joined hoping to have better luck with drop shipping for my website :)

I'm looking for unique nickle free jewelery for my website any suggestions from you guys would be great.

Just wondering if i can use the website i have to showcase the drop shippers Jewelery from Salehoo? Or will i need to make another website?


Cheers guys

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fudjj
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20 Jan 15 01:50:43 am
Hi Nat and welcome aboard the good ship SaleHoo!

No extra website required, you can display the products from any of the suppliers you choose to use from our directory on your current site.

Cheers


Mark (fudjj)

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nmbrans_new
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20 Jan 15 01:04:54 pm
Got another question

Ive been using / experimenting with the market research lab but Im not sure what it all means is there a tutorial on it in Salehoo?

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fudjj
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20 Jan 15 10:09:47 pm
What questions did you have in particular, I can help with those


Mark (fudjj)

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nmbrans_new
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21 Jan 15 01:15:03 am
i can do one better, below is a screen shot of what i get for a jewelery item

Image

Image

i mainly just want to get what the graph and the overview is stating. Like in the overview if the competition is high do i still go ahead and sell the item or do i choose something else to sell? with the success rate if thats low then ok obviously its not a good item to sell, but is that overall or on a day by day basis i.e. today is a bad day to sell that item but tomorrow is better

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fudjj
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21 Jan 15 01:53:18 am
Hi Nat,

The lab displays pooled data from eBay for the previous month, so results are based on monthly complied data. If competition is high, then it certainly indicates that it might be a hot market. The hottest selling items tend to have the most competition on eBay, and that means there will be some big time sellers to go up against more than likely.

Can you compete in that market? Well I would say probably not if you are dropshipping, because the chances are high that you will be going up against wholesale sellers working on very thin margins, at times even up against wholesalers or even manufacturers themselves. If you're buying in volume, then that's a market that might have some potential, because high competition usually means fast turnover hot selling items and if you can secure the right price, then you're in the right market.

Low success rate, not something to ignore completely. What the lab can't tell you is why the sell through rate is low, so that's identified a market that requires a closer look. Why is the rate low, are the prices too high, are the sellers providing a rubbish service, are the products just unpopular and so on.

If you can identify the issue, you might find opportunities to increase the sell through rate. Low sell through rates are usually where you find niche markets, products in these markets can at time make more margin because the sales are slower, but the competition is less because they're all off chasing the hot selling items.

So the lab is really just a tool to kick you off on the right research path.


Mark (fudjj)

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nmbrans_new
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21 Jan 15 07:42:23 am
Ah ok well that all makes sense then.

In saying that would you or anyone else that reads this know of a program i could use that could give me more specific information on a niche? In my case it being jewelery.

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fudjj
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21 Jan 15 07:58:56 am
Terapeak is the most comprehensive I know.

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Mark (fudjj)

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nmbrans_new
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24 Jan 15 01:36:01 am
OK Ive done a bit of research think ive found a good jewellery niche. Ive found a drop ship supplier on Salehoo - shown below
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Question wise what should i be asking the drop shipper just so i know they wont disappoint me or any of my future customers?

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fudjj
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24 Jan 15 06:55:15 am
You have to think like a customer, what kind of service would you expect as a customer yourself?

Things like
Quick order processing
Returns policy
Do they have a number you can call to discuss issues

Things that you would want as a customer.


Mark (fudjj)

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jlkcontact
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1 Feb 15 05:23:56 am
Hi Marc,

When will your research tool include Amazon information. In your training center, the article references using your research tool to find Amazon information, but I don't think the option is there?

Jason

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fudjj
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1 Feb 15 10:13:41 pm
Hi Jason,

I'm not aware of any new mods to the lab, but quite possible. Can you shoot me the link to where it is mentioned and I'll confirm it for you with the development team.

Cheers


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jlkcontact
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2 Feb 15 03:44:19 am
Hi

Here's the link from your site:
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Paragraph 13-15 mentions that the lab can be used for Amazon Research.

Jason

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rachel_ramos
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2 Feb 15 05:12:30 am
Hello Jason,

As mentioned in the article, there are areas that you can use as basis for your product pricing.
For instance:

Average end price charged for products
The profit potential
The Competition ratings and the like

These information is all there are captured on the above screenshot.

All you have to do is subtract the average end price the Market Research Lab gives you from the average Amazon price.

Hope this clarifies. Please do not hesitate to contact us if you have further questions.

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fudjj
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3 Feb 15 11:54:20 pm
jlkcontact wrote:Hi

Here's the link from your site:
Link hidden: Login to view ... -amazoncom
Paragraph 13-15 mentions that the lab can be used for Amazon Research.

Jason


Hi Jason,
Have confirmed that text should not in fact have been published and has now been removed. There are no current plans to include Amazon data at this point and we're sorry for the confusion caused.

Cheers


Mark (fudjj)

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