Best Tools for Dropshipping on Amazon
If you’re looking to launch a successful Amazon store, you’ll need to have the right tools at your disposal. Luckily, there are lots of options to choose from. These include everything from price trackers to accounting software to all-in-one tools to help you maximize your profits. Read on to see the best Amazon dropshipping tools you can choose from today.
What Are the Benefits of Amazon Dropshipping?
Let’s quickly go over dropshipping. This is an e-commerce business model in which the seller (you) does not handle any of the products or inventory that you sell on your online store. Instead, you leave those responsibilities to your dropshipping supplier and they oversee the storing, packing, and shipping of these products to the end customer.
The benefits of dropshipping include the fact that it is inexpensive, easy, and low-risk for sellers.
Additionally, there are some benefits to dropshipping specifically on Amazon, including:
- Access to Amazon’s huge customer base.
- Amazon has high consumer trust because they’re an established marketplace.
A dropshipping supplier like GreenDropShip has an extensive inventory and can provide product feeds for Amazon. Plus, if you choose the right Amazon dropshipping tools, then you’ll have an even better chance at launching a successful and profitable online store.
The Best Tools for Dropshipping on Amazon
Remember that by choosing to have a dropshipping store on Amazon, you won’t have to deal with inventory or stock management. Let’s take a look at a list of tools and apps that are useful for online sellers. They can be used for any kind of selling on Amazon, but they’re especially valuable if you’re launching your dropshipping store
1) Price Trackers
Let’s start off with a list of tools that allow you to compare and contrast the prices of various products. These are crucial for online retailers as it allows them to figure out how much other merchants are charging for a specific good. Dropshipping is a crowded marketplace. This means that if you want to have customers, you’ll have to set competitive prices. A price tracker tool allows you to determine the best possible price in order to keep your profit margin healthy while keeping customers happy.
Camelcamelcamel is a free price tracker that is absolutely vital for any Amazon dropshipping store. It has a highly customizable price history graph with settings that can be configured to show a given product’s price history for the previous 1 through 12 months. You can also use the slider bar to display price histories from other third-party sellers as well as Amazon itself. This also allows sellers to see the top price drops for a given product. You can even sign up for alerts so that the tool will notify you as soon as the price drop happens.
This tool is available as a browser extension for Chrome, Firefox, and Safari. However, for maximum efficiency and convenience, you should use the Chrome extension called Camelizer as it provides all of this information in real-time.
Keepa is another free price tracker tool. Its price analysis is more granular than Camelcamelcamel. In other words, the data it tracks is much more detailed but it does not go back as far in time.
This tool also has a highly intuitive user interface (UI) with four primary colors to keep track of. They break down as follows:
- Orange – Amazon marketplace
- Blue – New items
- Black – Used items
- Green – Sales rank of a given item
Additionally, Keepa offers comprehensive price history, visual graphs, availability alerts, current deals or promotions, and a constantly updated product database. Much like Camelcamelcamel, it’s available as a browser extension for Firefox, Chrome, and Safari. However, its functionality is the same on all three browsers.
While both of these price trackers are mostly free, they also come in a “freemium” package ($20 per month for each) where certain advanced functions require payment. These include “sales rank number” and “sales rank history”.
One of the most important pieces of information for an Amazon seller is the sales rank number. It refers to how slow or how fast a given item will sell on Amazon, giving sellers more confidence to choose the items they want to include in their dropshipping store. An item with a lower sales rank number will sell faster than one with a high rank number. Sales rank history provides this valuable information over an extended period of time, allowing sellers to predict sales trends. Ultimately, the more information you have, the better decisions you can make.
2) Product Research
Research is a crucial part of having a successful Amazon dropshipping store. This includes both product and market research. In other words, you’ll need to understand your target audience of potential customers in order to effectively choose what products to sell and how to market them to the consumers.
Plus, doing research for Amazon is necessary in order to analyze current trends in the marketplace and choose “winning” items. This means having an inventory filled with products that can generate excellent solid sales. Essentially, you want to find products that are inexpensive at wholesale and which can be sold at competitive prices with enough of a markup to give you healthy profit margins. These tools will help you identify trends in the marketplace as well as product details so you can formulate an effective selling strategy.
Google Trends is another essential tool for online sellers. Using this particular tool will give users an effective view of what searches are trending, including historical data that can be adjusted to various timeframes, in order to keep track of what’s hot and what’s not. Remember, the internet shifts quickly and shoppers are fickle – what’s trendy one day can be obsolete the next week. Tracking these various trends can give you a richer understanding of the marketplace’s contours and consumer behavior.
Plus, you can also use the “Related Topics” function in Google Trends to find other potential niches that you may not have initially thought of. This allows you to do a thorough analysis before you start your store. Best of all, Google Trends is totally free and doesn’t require installing any software or plug-ins (just visit the website).
Octoparse is a free “web crawler” tool that you can use to scrape data from Amazon listings. In other words, Octoparse can extract valuable information via the UPC/ASIN numbers on products, including:
- Product details
- Customer reviews
Additionally, Octoparse provides a built-in Amazon task template with pre-set extraction data fields. This means that sellers can conveniently extract this data without having to resort to coding or setting rules. Plus, the tool easily exports the information in a number of formats, including Excel, HTML, or CSV. This makes it easy for you to analyze and look over in detail so you can choose the right marketing strategy for your dropshipping store.
Unicorn Smasher is a free Amazon product research tool developed by AMZ Tracker. It allows sellers to speed up and maximize their Amazon product research. Its analysis includes:
- Product prices
- Customer reviews
- Fulfillment details
- Monthly sales estimates
- Revenue estimates
- Product metrics
- Data analysis
- Export tools
Unicorn Smasher ultimately takes all this information and calculates an “opportunity score” for a given product.
Having this useful information can help a seller predict the profitability of a given product and properly choose the best sales strategy for their dropshipping store. This tool is available as a browser extension for Chrome, Firefox, and Safari.
3) Paid All-In-One Tools
As an online seller, you also have the option of choosing a paid all-in-one tool for your dropshipping store on Amazon. These are designed to do multiple tasks and can be quite complex. They are a paid service, usually via a monthly membership fee that can sometimes be a little pricey. However, they can be extremely valuable as they allow sellers to track all kinds of valuable information to help their Amazon stores be as successful and profitable as possible.
This is a premium all-in-one tool that does a number of crucial tasks for your Amazon dropshipping store. AMZScout covers several key areas, including:
- Product Searches
- Sales Estimator
- Amazon Fee Calculator
- Product Tracker
- Keyword Research
- Data Analytics
AMZScout is especially useful for product searches and tracking to identify products that are hot on Amazon. You can break this information down on several levels, including by the day, week, month, or year. You can also target a specific holiday or season if your dropshipping store has products that are especially popular at a given time of the year.
There are two basic forms of the tool: AMZScout PRO Extension (a Chrome plug-in) and AMZScout Web App (a program that runs off the AMZScout website). The Web App is the more stripped down and basic form of the tool while the PRO Extension offers sellers the ability to track all the info in real-time while they are on the Amazon website. The Web App costs between $30 and 60 per month while the PRO Extension is available for a one-time fee of $199. They work best in combination with each other.
Jungle Scout is an extremely popular all-in-one seller’s tool that comes only as a browser extension for Chrome. However, this powerful web-based software covers multiple areas that are critical for a successful Amazon dropshipping store, including:
- Keyword research
- Keyword Scout
- Competitor Analysis
- Supplier Database
- Sales Analytics
- Inventory Manager
- Academy (with tutorials for sellers that range from introductory to advanced)
A unique feature of Jungle Scout is its extensive Product Database. There are over 70 million products that you can sort through by using a set of advanced and finely-tuned filters. Plus, you can then take the products from this database and further analyze them with the Opportunity Finder. This is a powerful feature that helps sellers find high-profit, high-demand, and low-competition niches in the general marketplace. When using the Opportunity Finder, you can sort through the data using filters like competition level, niche score, and the number of units sold per month.
In order to make the most of Jungle Scout’s incredible features, it will cost anywhere between $30 to 70 per month as well as a one-time Chrome extension fee between $97 and 197.
Sellics is a cloud-based program that is another popular all-in-one tool. It covers seven key areas:
- Pay-per-click (PPC)
- Search engine optimization (SEO)
- User reviews
- Market and product research
- Monitoring your competition
- Inventory management (not necessary if you’re running a dropshipping store)
You can use these to track sales data, keywords, analytics, and even do A/B split testing on any of these tasks. Sellics is especially praised for its easy, intuitive, and convenient interface. This is a major benefit since there is so much data and information to keep track of. It’s also more affordable than some of the other dropshipping tools: the price starts at $47 per month (if the store’s turnover is between $1 and 60,000). You can also try the app for free for 14 days.
HelloProfit is a cloud-based software suite that includes:
- An intuitive and easy-to-use dashboard.
- Detailed and comprehensive reports on sales, discounts, profits, return on investment (ROI), and payouts.
- Target audience research and analysis.
- Tracking and analysis of your store’s progress.
- Keyword ranking that’s created by using data from the Amazon BSR (Best Sellers Rank) tool.
Additionally, HelloProfit is unique in that you can use various settings to group ASINs (Amazon Standard Identification Number) in order to compare and contrast products. This allows you to boost sales by carefully selecting products based on their potential profitability.
It also helps calculate your net profit by integrating the information you provide (revenue and costs) with information that it automatically gathers from your account via Amazon’s secure API (application programming interface).
The vast majority of HelloProfit’s features are paid, but you can benefit from a handful of free options like product tracking and keyword grouping. If you want access to the full functionality suite, then it will cost $97 per month. Additionally, you can add multiple seller’s accounts for an extra $29 per month.
4) Customer Reviews
Customer reviews are another crucial aspect of your Amazon dropshipping store. These reviews are important for both ranking your listings in Amazon searches and conversion rate optimization (CRO). In other words, CRO is the process of getting potential customers to purchase products from your store.
Getting customers to review your store is usually done most effectively with automated emailing campaigns. This allows you to establish contact with online shoppers and offer incentives to leave a review.
Feedbackwhiz was developed especially to track, analyze, and manage user feedback and customer reviews. It does so by allowing you to configure personalized emailing lists that you can customize to match the tone and branding of your online store.
This tool is ideal for:
- Setting up automated emailing
- Instantly processing negative reviews or feedback
- Optimizing product reviews
You do have the option of using Feedbackwhiz for free, but this will limit you to just one emailing campaign per month. Generally, this is not enough to mount an effective strategy to get the number of customer reviews you’ll need to have a successful dropshipping store. If you’re looking for more possibilities, then the tool has plans that start from $19 per month.
This Chrome browser extension has two major features:
- Feedback Request System – This allows you to set up emailing campaigns to contact customers and incentivize them to leave reviews.
- Review Management – This allows you to instantly monitor reviews and orders so that you can make sure that your store’s reputation stays high.
AMZFinder is unique in that the Feedback Request System asks customers to leave reviews as part of the follow-up invoice that they receive after placing their order. This helps your emails seem less “spammy” and makes most customers more willing to leave reviews.
The tool starts at $39 per month. This basic plan gives you 5,000 monthly emails, which is more than enough for any dropshipping store that’s getting started.
Keeping track of the various expenses can help an Amazon seller make their dropshipping store more successful. Plus, with the right tools, you can effectively track just how profitable your store is at any given moment.
Fetcher is designed to provide sellers with:
- Product breakdowns that are sorted by ASINs
- Pay-per-click (PPC) costs and sales analysis
- Real costs and product promotion tracking
- Recurring Amazon fees (for both dropshipping and FBA sellers)
- Refund tracking with costs and comparison
- Wholesale costs of goods
- A comprehensive dashboard of the store’s inventory
- A daily email with sales and profits
One of the strongest qualities of this tool is the ability to customize the daily profit and loss breakdown (referred to as a P&L Statement). By tracking this information daily, you can make adjustments to your store and strategy in order to maximize your profits.
The pricing ranges from $19 per month (2,500 orders per month) to $99 per month (unlimited orders). For most new Amazon dropshipping stores, the basic plan will be more than enough.
If your Amazon dropshipping store starts being really profitable, don’t forget that you’ll have to track lots of information for when you file your taxes. This where the Taxomate tool comes in handy.
By automatically finding Amazon sellers’ Marketplace Settlements, this cloud-based tool allows sellers to:
- Import their Amazon sales and fee transactions to QuickBooks Online.
- Quickly and easily summarize these transactions in QuickBooks Online.
- Track the cost of goods sold.
- Reverse charge any VAT fees or expenses.
It’s available from a 9$ per month Starter Plan (up to 200 orders per month) to a $49 per month 5K Plan (up to 5,000 orders per month).
Having the right tools is just one part of growing a successful dropshipping store on Amazon. You’ll also need to choose the right dropshipping supplier that provides product feeds for Amazon such as GreenDropShip. Once you pick the products you want to sell and import our data feeds, then you can list your inventory and create your Amazon store. All of this can be done in combination with the tools listed above.
Plus, with over 20,000 natural and organic products to choose from, GreenDropShip is the perfect choice for anyone looking to launch a successful Amazon dropshipping store. Contact us and start selling today!