Hey! I myself am selling on Amazon. For a long period of time, my business stood still and I had a small number of sales. A friend of mine who has a fairly large business on Amazon with regular customers advised me to try affiliate sales, more details here
When I launched this sales method, the number of my clients increased and the profit naturally increased. I think this method will help you increase your profits on Amazon.
You can manually monitor competitor prices by visiting their listings and comparing them to yours. This is a great way to get a feel for the market and ensure you are pricing your products competitively.
One of the most popular tools is the Amazon repricer from BQool. This software allows you to set price rules and monitor your competitor’s prices in order to get the most out of your listing. It also allows you to adjust your prices to stay competitive. Another option is to use an Amazon research tool like Jungle Scout. This tool will allow you to track competitor prices, discounts, and reviews so you can stay up-to-date on the latest trends and pricing strategies. If you have any additional issues concerning business challenges, you can always reach out for help at guys from https://www.successionresource.com/enterprise-consulting. Whichever method you choose, tracking competitor prices is essential for any Amazon seller. Good luck!