Finding deals and turning them into profitable ASINs is a skill in itself, and you do NEED a deal analyser to have any chance.
It’s easy with BuyBotPro too, plug in the price you are buying at, and it’ll flood you with data….
….but, once you have those deals in hand, how do you IMPROVE your inventory profits?
Well, with BuyBotPro you’ll be able to do just that. Improve your inventory profits with a sourcing tool, and the most powerful one out there too.
If you’ve used it to find the products that fill your inventory you will be accustomed to using it already, and it is just as simple to dive into for those ASINs.
You will use a lot of the same features….but perhaps in a slightly different way
Amazon is a fluid, dynamic place so prices almost never stay the same for long – at least not for Online and Retail Arbitrage listings – so being able to adapt is vital to be successful with it.
There are repricing tools that will help to manage your actual prices - you need to know what parameters they need to work in though.
All listings act differently, so having a tool to make it quick to analyse each one on their own merit is vital
BuyBotPro is that tool, and this is how you’ll improve your inventory profits when you use it….
Tracking And Predicting Sales With BuyBotPro
What is an Amazon business without sales? Well, by definition – not a business!
The advantage you have of assessing the performance of an ASIN you are selling over sellers analysing it with a view to listing is, well, experience.
You already know more about the listing than them….even with the SAME data in front of you
There is skill in being able to read that cold data, don’t get us wrong, but there is an x-factor in reading the data having SEEN how a listing is behaving.
The amount of data in BuyBotPro’s Charts alone is as comprehensive – and simple – as you’ll find to analyse your or prospective ASINs
If we could bottle up experience and sell it we’d be sunning ourselves on our own private beach on one of our many private islands!
But….you still need the data. Feelings haven’t got Amazon sellers too far….
….a gut feeling once in a while can pay off – but data wins every other day of the year
So, what can the Estimated Sales Calculator tell you as an existing holder of stock in a listing? Simply put, if you have been making sales you’ll have an even more accurate idea of what sales are being made.
Ok, not many listings have this many sales, but the Estimated Sales Calculator is a quick look at a vital KPI
It isn’t possible for ANY deal analysing software to hack into Amazon and obtain the ACTUAL sales information of any product….
….it’s just not data Amazon give up. BuyBotPro does use AI though to estimate and predict sales – not just averaging possible sales out. It uses actual data.
As an active seller though, you’ll be second to only Amazon on this front
If you haven’t been getting your share of the Buy Box and counting sales – we’ll get into that later – then you’ll have seen sellers drop stock numbers, or just drop off a listing entirely.
As you get first-hand experience watching the stock levels drop and sales being made you’ll be able to tighten up that sales estimation….
….and use that knowledge in tandem with Predicted Sales to hone that in too
Use the experience you already have on a listing in conjunction with the estimated sales to align your expectations with what is really happening on the ground.
Re-Reading The BuyBotPro Charts
If you haven’t got into reading the BuyBotPro Charts in your deal analysis, then you should find time to at least learn the basics of what they tell you. Once you have, going forward they’ll only need a quick glance….
….you’ll soon be able to hone in on the information YOU want to glean from them
Understanding the history of a listing tells you a LOT more than you’d think about the future performance.
Whether you use the graphically displayed Charts, or the number breakdowns in the tables – or both – history rocks!
As a race, humans have studied history voraciously….but not always learnt from it! Being effective with how you use the data from the Charts is just that though – learning from what has come before to determine what might come later.
When analysing a potential deal, this is essential….
….when assessing your EXISTING inventory, you may need a slightly different approach
When you are assessing the ASINs you hold and hoping to improve your inventory profits, you should still plot your strategy based on what has happened previously.
It’s easy when you are analysing a deal though to assume the same pattern will recur – or something vaguely similar….
….but when you have skin in the game you can also help SHAPE the future performance of a listing
A listing always feels different when you have stock active in it – you have vested interest in its performance which always gives it a different spin. You are no longer deciding if it is an ASIN worth purchasing….
….it’s too late for that!
Some Charts reveal some clear patterns – with stock in hand you can react much quicker than sellers thinking of investing
Without thinking about it you will already have a different take on how the Charts look, or at least should do. Much like the sales figures, you are in a position to see the Charts change in real time – not just a snapshot.
Now though, you ought to be plotting how you WANT the Charts to pan out….not how they MIGHT
You can’t control what other sellers do on a listing – not entirely anyway – but you can have an influence on how the Charts may flow going forward.
Importantly though, do you want to have a positive impact on a listing’s Charts or be a reason it flounders?
Use the moving data and – with a little more science to hand – you CAN get a feel for where you should go next.
Diving Into The Competition Analysis
Much like many of the features in BuyBotPro, the Competition Analysis is crucial to deciding on whether to invest in a product….
….but it proves doubly crucial when strategizing your active listings
The difference between using it – and most other features – when you are assessing your existing stock, is there is a little more pressure attached to it performing!
The Competition Analysis is a great example of a feature….
….that will get MORE attention when using it to analyse your active inventory than for deal analysis
Once you are holding a product it is likely that the competition is the most crucial factor you’ll consider. If you were to set up your panel for analysing your current inventory it is likely this feature would appear very high up on the panel.
Yes, there are plenty of sellers here, BUT they are sharing the Buy Box – perhaps even with you
If you have used BuyBotPro when analysing, then it is safe to assume you’ve purchased your inventory on the basis that it had shown profitable performance at that time.
It’s highly likely though that the Competition Analysis will have changed at least a little between you buying and listing it….
….it is one of the most dynamic moving parts of any listing on Amazon
The stock levels and pricing are the key factors that stand out as monitoring them helps form a real-time pattern of behaviour and activity. Watching the stock levels drop and pricing change dynamically is more valuable than the quick snapshot you get when deal analysing.
These aren’t the only two features of the Competition Analysis that can help make good decisions with your inventory, even if they are the ones you’ll rely on most.
If you have a super-competitive listing, you can really dive into the competition with some newer features
Click on the stock level of any of your competitors and you’ll go straight to the Store Front of that seller. This may not sound that useful on the face of it, but you can glean a lot from how the competition manage their listings.
An insight into your competition can reveal patterns in how they manage their listings – helping you manage those competitive listings
You can find out how to use it and what benefits it will have for your business here, but the inclusion of Quick Look, the Manual Sourcing Accelerator and the filtering ability it has….
….makes assessing the competition – so ANY store on Amazon – as comprehensive as it gets
Your competition’s activity will shape the strategy you adopt for ALL of your listings in Online Arbitrage. The amount of detail now available from the Competition Analysis makes it feel a little like cheating….
….but cheat away!
Contrary to when you are analysing a potential deal, other sellers are the NUMBER ONE consideration when assessing your active listings, so any edge is critical.
The ROI Table
This is purely a time-saving feature – or if numbers aren’t your strength, an ACURACCY feature! We know it doesn’t often featuring high up on the panel for users using the customisation feature….
….but it really is a useful little tool to have on the panel for analysing your existing listings
As we’ve already said, once you are in a listing and selling on it you have a different perspective on it. When analysing a prospective deal, understanding the implications of prices changing is important….
….but when you hold stock in an ASIN it is vital.
It’s a super-quick way to assess how your listings fit into different ROI or profit-based business models
Knowing what impact current or potential prices will have on a particular listing will help control the overall performance of your business.
Anyone with a calculator can work out the data the ROI Table provides….
….the feature just generates it instantly, and with multiple results
If you haven’t used it to check how your listings would fare in the event of price changes, then you’re either wasting time doing it manually….
….or just not as well-informed as you thought!
Buy Box Statistics
We referred to getting a share of the Buy Box earlier….
….and to be honest, for many it has long been a bit of a mythical concept.
BuyBotPro will tell you if Amazon are in the habit of sharing the Buy Box on any given listing….
….but it wasn’t always clear how often that was really happening, if at all
Now though, with the Buy Box Statistics feature, it completely de-mystifies the Buy Box. It’s put to bed the scepticism many sellers have that it is really being shared….
….the feature breaks down seller-by-seller how much - and how often - it is ACTUALLY being shared around.
Great information when analysing a deal – priceless if you are IN a listing
Of all the features that can help you assess your current listings, this one might just hold THE key to how you act going forward.
Revealing data – and a source of hope – from the Buy Box Statistics feature shown in the BuyBotPro Charts
If the strategy for a listing is to make quick sales and get out, then the Buy Box Statistics data will help guide you in what you might need to do to wrestle the Buy Box from other sellers.
Conversely, if you are being patient on a listing - or toying with being so - you can see who has been holding the Buy Box most and….
….combined with the Competition Analysis data, estimate how long they might stay on the listing
Paired with information from the other BuyBotPro features, the Buy Box Statistics data means you can wield a lot more power over the Buy Box.
Used effectively, you’ll be able to decide your strategy for any ASIN with a lot more clarity.
Pricing Your Inventory To Improve Profits
Whatever you find out about your options from your BuyBotPro analysis, you need to implement it into how your listings will perform in future. This will require a repricer.
BuyBotPro makes this super-easy with the integration for Profit Protector Pro
Whatever your method for managing your prices, you can’t do it effectively without PROPERLY knowing what is happening with listings.
The information you are scraping about those listings from the methods we’ve discussed will make choosing the correct strategy and pricing parameters much clearer.
The Profit Protector Pro integration means you can amend your repricing in the same screen as inventory analysis
What Profit Protector Pro does that you won’t get elsewhere is the ease of managing an ASIN’s pricing WHILST analysing their performance….
….however, more accurately – you shouldn’t NEED to do much price managing from the day you purchased that stock
The AI in the algorithmic strategies means there is no hands-on pricing management required – or indeed advised. The thing that MIGHT need adjusting as a listing matures is the strategy you choose to adopt….
….which is easily done from the BuyBotPro panel.
The key thing is to be happy with the minimum and maximum prices you have set which, in MOST cases, will rarely change from the ones you set at the start.
It would be VERY unusual for a break-even price to change while you are on a listing….
….so the minimum price – hopefully set to make profit on a listing – will rarely budge.
If you are lucky, or have bought and planned well, you may feel the need to INCREASE your minimum price when the selling price moves up on a listing.
Again though, Profit Protector Pro is NOT a race-to-the-bottom repricer. That minimum rarely comes into play.
The thing you MIGHT change is your strategy – just a click away in BuyBotPro
The maximum price, equally, shouldn’t change drastically. Using BuyBotPro’s Max Price Sold as a guide, keeping your max reasonable will keep you from the clutches of the Amazon pricing police.
Once familiar with the strengths of each strategy, you can just let them run….
….perhaps tinkering when YOUR circumstances change, not the behaviour of other sellers.
This won’t always be the case – knowing what your competitors are doing is crucial….
….reacting to them should be left to Profit Protector Pro.
BuyBotPro isn’t done once a new deal has been analysed. In fact, a lot of sellers use it MORE to assess their existing stock.
It makes sense though – BuyBotPro will have helped successfully source those deals….
….it’s going to be those same metrics that will help determine their future
As we’ve demonstrated, many of the features used to find deals are often the same ones used to check up on the profitability of active inventory too – even if the approach is slightly different….
….or just MORE informed.
With your business acumen combining with the data on offer improving the profits of your inventory is inevitable.
If you found this helpful when looking to analyse your existing inventory and planning a strategy for it, then these resources will be useful too:
So Many Features….In One Feature: BuyBotPro’s Competition Analysis
Repricing With Profit Protector Pro: 6 Common Mistakes Sellers Make
Deep-Dive Training: First Look At New BuyBotPro Updates
Make sure you are a member of the BuyBotPro Facebook Community to keep up to date with any new features and the regular live training sessions we hold.