How to Find Profitable Products to Sell on Amazon Using Your Cell Phone for Scanning

Selling on Amazon has become a popular and profitable venture for many entrepreneurs worldwide. One of the keys to success on this platform is finding the right products to sell. 

Utilizing your cell phone for scanning items is a quick and efficient method to find potential products. In this article, we will explore the process of using your cell phone to scan and identify profitable products to sell on Amazon.

Choose the right scanning app

Before starting your product hunt, it's essential to download a reliable scanning app on your cell phone. A couple of  popular options include:

Amazon Seller App:                                                      

This app is free and designed specifically for Amazon sellers. It allows you to scan barcodes and provides essential information, such as sales rank, estimated profit, restricted,hazmat or products you are gated or ungated for,along with customer reviews.

The thing I like most with this app is the visual scanner.

 Sometimes bar codes don't come up or come up with the wrong product, just scan the product label with this and you should come up right 99.9%.

Asinzen:

A paid app that integrates with Amazon seller central. I personally use this app for speed with profit calculations, saving products to google sheets for later use and bar code scanning and much more

Set up you're own personal settings for profit!

There are dozens more but for now I won't go into those.

Personally I use only Amazons seller app along with Asinzen.

Start scanning at local retail stores

Retail arbitrage or RA, is the process of buying items at a lower price from a retail store and selling them at a higher price on Amazon. 

Visit local retail stores, such as Walmart, Target, or even thrift stores, to scan items and find profitable products. Keep an eye out for clearance items, as these often provide the best opportunities for profit.

Don't be embarrassed or put off, sometimes you have to fudge the truth if store owners get antsy, just tell them you are comparing prices. Not everyone likes Amazon resellers.

You CAN Scan Online

One of the greatest options when manual scanning with the Amazon app is the fact you can do this from the comfort of your couch. How do you do this? what the heck?

Using the scanner simply scan the image of the product you're looking at. Bingo you should 99.9% get the correct image!

Just make sure that if your scans come up with several listings or variations you choose the correct listing.

This type of buying is also referred to as OA, Online Arbitrage.

Utilize the scanning app's features

Once you've found a potential product, use your scanning app to gather crucial information. Focus on the following factors:

Sales rank:

 A lower sales rank indicates that the product sells more frequently on Amazon. Aim for products with a sales rank below 100,000 for faster sales.

In Canada 100,000 is a slow mover aim for 30,000 BSR and down.

In the USA 100,000 = 10,000 in Canada. Always 10x when working in .com

Estimated profit: 

Most scanning apps calculate the estimated profit after deducting Amazon fees and shipping costs. Aim for products with a minimum profit margin of 30%.

This is not always a must, or doable, 15% or less depending on your model. There are a few factors that go into that decision, such as returns rates, amount of sellers on the asin etc.

This can be done right on the phone at the time of scan. Amazon's is not always perfect as it doesn't take into account storage and a couple of hidden fees like that, but its close enough.

You may in the beginning of things list for low almost nothing profits to build Amazons trust in you as a new seller, gaining more organic ungating. 

Competition:

 Check the number of sellers offering the same product on Amazon. If the competition is too high, it might be challenging to sell the item at a profitable price.

To many sellers can lead to "tanking" or a race to the bottom. 

This is usually up to your own risk tolerance.

Track your findings

Create a spreadsheet or use a note-taking app to track the products you've scanned. This will help you analyze the data and make informed decisions on which items to sell on Amazon. Include information such as the product name, store, purchase price, sales rank, estimated profit, and competition.

Assess and adjust your strategy

After scanning and tracking multiple products, evaluate your findings and adjust your strategy accordingly. If you find that certain stores consistently provide better opportunities, focus more on those locations. 

Similarly, if you notice that specific product categories yield higher profit margins, prioritize scanning items within those categories.

Using your cell phone for scanning items is an effective way to find profitable products to sell on Amazon. 

By downloading a reliable scanning app, sourcing products from local retail stores, and analyzing crucial data points, you can make informed decisions and increase your chances of success as an Amazon seller. 

Remember to be patient and persistent, as finding profitable items may take time and effort.