This feature is sponsored by Algopix.
Algopix is designed to automate the process of market analysis and product sourcing. The platform allows for Canadian or international research in virtually any product category. As a result, merchants can streamline the product selection process and make informed decisions to optimize sales and maximize profit. This tool is still in beta and only partially functional, but the possibilities are exciting for anyone who sells products online.
Market research is critical for success in the highly competitive online world. Manually researching marketplaces to determine demand and competitive pricing takes a lot of time and it’s never done. You must stay on top of this information to remain profitable and constantly analyze the data collected. Additionally, once you decide which products you want to sell you’ll have to source them and find the best deals.
How Algopix Works
Advanced algorithms are the power behind this search-style tool. In minutes, you can determine the best product choices, where you should sell those products and how much you should charge. The ability to conduct this research quickly allows you to identify global opportunities, while minimizing risks like overstocking. Along the way, you can analyze and learn from your competitors.
Merchants, manufacturers and other online sellers can automatically generate a complete picture of each item they’re considering:
- Find the best products to sell.
- Accurately predict the most profitable locations or channels.
- Determine the most competitive price.
Algopix is super-easy to use. For marketplace research, select “For Merchant”, type in the product you wish to research along with where you’ll be sending it to and from. For product comparisons, select “For Client” and fill out the information.
The marketplace research results will include:
- Product Information
- Product Price Across Global Online Markets
- Expense Report
- Interest Over Time
- Sales by Country
- Customer Reviews
All information is organized and illustrated on one page, as shown in the below example.
You can clearly see how powerful Algopix is for online sellers, even at this point in its beta launch. Once all features are functioning, it will be just as much an online business weapon as a tool.
About the Company
About the CompanyAlgopix is a new company that is revolutionizing the way people and businesses conduct market research for online sales. Check out our company profile for more information.
Try Algopix free!
——————————————
© CanadiansInternet.com – Content on this website may not be used elsewhere without expressed permission. You are welcome to link to this post for reference, discussion, etc. Content theft will result in legal action. Thank you for respecting the effort that we have put into our original content. If you would like to have quality content created for you, please contact our writer directly.
DISCLOSURE: We may receive compensation for links to products on this website.
COMMENTS ARE MODERATED – Legitimate comments will be published after a short delay. Spam will not be published.
Melody McKinnon is an internet entrepreneur with 25 years of experience in a wide range of online business models, backed by a formal business education and enhanced by training and mentorship. She has owned or managed both educational and ecommerce websites. Her book, 7 Recession Proof Online Businesses to Start From Home, is available from all major ebook retailers.
Melody has worked with many businesses & brands in a multitude of capacities. She can often be found on CanadianDigitalMedia.com, CanadiansInternet.com, CanadianFamily.net, and AllNaturalPetCare.com, as well as other quality digital publications. Her content has earned reference links from highly-respected websites, magazines and university textbooks.
WOW! It would sure save me A TON of time! Researching is my least favourite job but it has to be done. I’ve checked into similar tools but the price was out of reach for me. Hopefully this one will be reasonable.
Pretty impressive for a tool still in beta. I wonder how much it will cost when it’s fully functional?
They just released the open version.