New or seasoned eCommerce sellers who are looking to gain better traction in the online sphere can utilize the 'Algopix' platform to understand their business with better accuracy. Designed for Amazon and eBay sellers, the platform will provide sellers with actionable insights regarding how high in demand a specific product is, how much they stand to make on a sale and much more. This ensures that sellers can accelerate the amount they're selling and keep their business as agile as possible to ensure they're selling to the right market at the optimal time.
The 'Algopix' platform will provide data insights from over 10 markets on Amazon and eBay along with an automated functionality that will offer a 'Recommended' or 'Not Recommended' rating for quick decision making.
Online Retailer Research Solutions
'Algopix' Offers eCommerce Research Insights for Sellers
Trend Themes
1. E-commerce Insight Platforms - Opportunities for new e-commercial insight platforms that offer comprehensive research to improve e-retailers' business accuracy and accelerate sales.
2. Automated Rating Systems - Opportunities exist to develop automated rating systems that would provide quick decision making to e-retailers.
3. Demand Analysis Tools - Opportunities for new demand analysis tools that can identify market trends and tailor the retailer's inventory and sales.
Industry Implications
1. E-commerce - The Algopix platform is specifically designed for Amazon and eBay sellers. E-commerce sellers will benefit from investing in platforms and tools which provide comprehensive and actionable insights.
2. Analytics and Big Data - There are numerous possibilities for the creation of analytics and big data platforms that can facilitate the processing of large amounts of e-commerce data to gain valuable insights.
3. Market Research - Opportunities for companies to offer market research solutions and analysis to help e-commerce retailers optimize their business strategies to remain competitive against their rivals.