Most sellers on Amazon are making a fortune every month! If you're also looking to expand your business offerings on Amazon then you’re in the right place. In this article, you will find out how an Amazon Chrome extension can help you scale your online business and beat the competition.
“If you don’t build your own dreams, someone will hire you to build theirs.”
How many times have you come across this iconic quote by Tony Gaskins? Anyone who dreams of getting out of the rat race and starting their own business has definitely resonated with it.
If you’re reading this blog, then chances are you’ve already kicked off your entrepreneurial journey or you are right in the midst of it. And if you’re in search of the hottest idea to bet your dollars on, then you can’t go wrong with…
“Start selling online”
From a VC investor to the self-proclaimed “business guru” on YouTube, everyone is talking about the immense potential of the e-commerce industry today, and if not them, the pandemic has surely convinced us so. Just have a look at the revenue growth of Amazon which reached almost 470 billion U.S. dollars last year!
Source - Statista
So quite justably becoming a seller on Amazon can be one of the best ways to get your feet wet in the e-commerce game as it can provide several benefits, primarily :
However, do be wary of the intense competition you’ll face in the marketplace where over 6 million third-party sellers are competing for the largest piece of the pie!
Thinking about how you’ll navigate this competitive marketplace?
Win over your customers with strategic planning and the help of a special chrome extension called Amazon Chrome extension that will help you carve out the largest piece of the pie, enough to give you a sugar rush!
Before we start discussing the nitty-gritty of an Amazon Chrome extension, let’s address the most important work of a seller on Amazon - figuring out the right products to sell. Amazon is a huge marketplace where you can find anything from a toothbrush to an LCD television… so clearly, the scope is unlimited! Considering that, if you’re looking to expand your ecommerce catalog or start from scratch, it's important to do thorough research and keep tabs on the competitiveness of the category, the profit margins, and the demand for the product. To help you get started we’ve come up with a list of some of the hottest product categories selling on Amazon these days. Check it out and commence your research:
Home & Kitchen
Health & Beauty
Toys & Games
Clothing, Shoes & Jewelry
Sports & Outdoors
Arts, Crafts & Sewing
Did you know that most Amazon sellers make at least $1,000 per month in sales, and the sales of some super-sellers can even range more than $100,000 per month?! Combine this with all the other benefits of selling on Amazon and you’ve got your perfect recipe for sweet success! But wait a minute… you’re not the only one who’s figured out the combination to the safe of online treasures… we are observing new sellers onboarding the Amazon express every day as they grasp how convenient and profitable it is to launch an ecommerce business on the platform. And that’s just the third-party sellers, don’t forget you’ll also have to compete with Amazon’s in-house brands that dominate almost all categories on the platform! Looking at these facts you can’t help but wonder how a seller will survive in this highly competitive marketplace, isn’t it?
Well, you can take it easy because your Amazon Chrome extension will make sure that you not only survive but thrive on the platform while giving your competition a good run for their money! Let’s have a look at some amazing benefits of using an Amazon Chrome extension:
The main objective of any online seller is to scale their business and generate more revenue. The simplest way to achieve that would be to sell more products and acquire new customers. This might sound simple but trust me it's way more complicated than you think, especially on a competitive platform like Amazon where you’ll have to stay on your feet and constantly make informed decisions. Check out some impressive cases where your extension can help you make better decisions and scale your business:
When you’re trying to scale your business and compete with millions of sellers online, you don’t have the time or resources to waste on repetitive manual tasks, right? Also, Just imagine the edge you’d get over your competitors if your extension is accurately automating all the strategic adjustments in the blink of an eye, you’ll always stay one step ahead! Sounds awesome? Then, quickly check out some amazing examples of how you can take advantage of this feature:
It doesn’t matter if you’re trying to start your business on Amazon from scratch or just expanding your existing product portfolio, you need to conduct detailed research and analysis to make the right moves. However, collecting data manually from a huge ocean like Amazon is nearly impossible. Instead, using an Amazon Chrome extension will allow you to collect valuable insights in a flash. You can scrape any sort of data you want like product prices, seller information, product description, customer reviews, top-selling product lists, and more. Then, your Amazon Chrome extension will take this collected data further to make actionable recommendations to:
With increasing competition on Amazon, a growing number of sellers are engaging in various promotional and marketing strategies to stay ahead. A recent survey conducted by Statista revealed that around 88% of retailers advertise their products on Amazon! In order to enhance your sales pipeline and improve your profits, it’s wise for you to engage in various promotional and marketing activities as well. Check out how your Amazon Chrome extension can help you with this:
You may also want to check out our guides on :
Now that you’ve seen all the reasons and data behind why you should go for an Amazon Chrome extension, let’s have a quick look at the ‘must-have’ features for your custom chrome extension:
Your Amazon Chrome extension should provide you access to all store-related activities and data in a simple and organized dashboard. This will help you monitor your overall performance like inventory, sales volume, revenue, estimated FBA fees, and other details in an instant.
A good Amazon Chrome extension should give you the option to customize your extension’s behavior. The ability to tailor your dashboard and create custom KPIs based on your unique business requirements will be extremely beneficial.
Receiving real-time updates about your product inventory along with future sales predictions and demands will take your inventory management game to the next level.
Retrieving desired data from Amazon and analyzing them to come up with actionable steps can help optimize your operations and beat the competition at the same time!
Another "must-have" feature for your Amazon Chrome extension is automating crucial yet time-consuming activities linked to maintaining your Amazon product listings. It should also be capable of automatically adjusting product listings based on pre-defined logic like competitor’s price change, stock levels, product supply, etc.
Monitoring customer demand for your product category should be an important feature for your Amazon Chrome extension because knowing what’s popular on Amazon will help you optimize your offerings and increase profits.
Your Amazon Chrome extension should be capable of collecting a variety of data from different sources on Amazon and then processing it with impeccable logic to produce detailed reports. These custom reports will help you make informed decisions and scale your business further.
Sellers on Amazon are constantly competing with each other and that’s why it's important to monitor your competition regularly. You should be able to keep track of your competitors' overall seller profile - including customer ratings, reviews, shipping policies, feedback and resolution rate.
Integrating your Amazon stock levels with your central warehouse inventory is a ‘must have’ feature for all FBM (fulfillment by merchant) sellers. This will reduce manual efforts, scope of errors, and give you a chance to stand against the FBA (fulfillment by amazon) sellers.
Your Amazon Chrome extension should also be able to extract and export data collected from Amazon by giving an option to download it in an easily processable format like CSV or XLSX.
Depending on your specific needs and functionalities you wish to incorporate, the price of developing your Amazon Chrome extension can vary greatly. I've already covered a variety of features and functionalities that may be added to your chrome extension that can have a big impact on the development costs. The following are some of the major variables that affect the price of developing a custom Amazon Chrome extension:
There are several more factors that will affect the cost of development, however, to give you a ballpark figure for developing an Amazon Chrome extension would be around $10 to $30K and can go higher if you want a more sophisticated and feature-rich product. The best way to get the most accurate estimate would be to sit with your development team and chalk out the entire framework and components to be included in your extension, remember to be very specific and address all your pain points and business requirements in great detail.
Here's a generic guide on how to find developers that may ease the process for you and help you find the right team!
If you are in search of an experienced Amazon Chrome extension development team to pace up your business, BinaryFolks can help you out. Our skilled & experienced software developers have hands-on expertise in delivering a wide range of projects for clients from various industries. Unleash every inch of potential your Amazon extension could possibly have and let BinaryFolks uplift the growth graph for your business. Here's what to expect if developing your Amazon Chrome extension with BinaryFolks :
Driven by ex-engineers from Google, Amazon & Salesforce
101% Value For Money (+1 for Our Complimentary Consultation before You Spend Your 1st Dollar!)
Reviews That You Can Verify!
Safeguarded Business With An NDA
Eye For Details
Questions Galore (Until Your Requirement & Our Understanding are mirror copies!)
Insight-Rich Scope Enhancement
Intense Domain Expertise
Close-knit feedback loop
Okay, now I have to ask, what do you think… Are you ready to scale your business on Amazon?
Or, do you have more questions?
Let’s get started with a no-obligation consultation that is free of charge!