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Product Cost Analysis and Competitor Review

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0% found this document useful (0 votes)
49 views12 pages

Product Cost Analysis and Competitor Review

Uploaded by

Gee Team
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Product Name Recommendation 1

Variations <Variant name> - if any


Selling Price (SGD)
Fees charged by Lazada/Shopee/Qoo10 etc 0.00
Cost of Shipping (SGD) from China to Singapore 2.00
- Volumetric weight 0.00
- Length of parcel (cm)
- Breadth of parcel (cm)
- Height of parcel (cm)
Cost of Shipping (SGD) from Singapore to buyer 2.50
Total Cost of shipping 4.50
Chosen supplier product link
Cost of Product (SGD) 0.00
- In CNY
SGDCNY (Currency Check) 4.85
GST (9%) 0.00
Total Cost of Product 0.00
Cost of Packing & Storage 2.00
Profit Margin -6.50

Profit Margin #DIV/0!

Supplier details
Supplier 1 product link
- Unit Price (in CNY)
- Shipping cost (in CNY) to Guangzhou (based on 3 units)
- Average product price (in CNY) 0.00
Supplier 2 product link
- Unit Price (in CNY)
- Shipping cost (in CNY) to Guangzhou (based on 3 units)
- Average product price (in CNY) 0.00
Supplier 3 product link
- Unit Price (in CNY)
- Shipping cost (in CNY) to Guangzhou (based on 3 units)
- Average product price (in CNY) 0.00

Local competition
Shopee
Competitor 1
- Price
- Number of Reviews in Past 60 days
Competitor 2
- Price
- Number of Reviews in Past 60 days
Competitor 3
- Price
- Number of Reviews in Past 60 days
Are there more than 3 Shopee local sellers? Yes/No

Lazada
Competitor 1
- Price
- Number of Reviews in Past 60 days
Competitor 2
- Price
- Number of Reviews in Past 60 days
Competitor 3
- Price
- Number of Reviews in Past 60 days
Are there more than 3 Lazada local sellers? Yes/No

Non-local competition

Shopee
Competitor 1
- Price
- Number of Local Reviews in Past 60 days
Competitor 2
- Price
- Number of Local Reviews in Past 60 days
Competitor 3
- Price
- Number of Local Reviews in Past 60 days

Lazada
Competitor 1
- Price
- Number of Local Reviews in Past 60 days
Competitor 2
- Price
- Number of Local Reviews in Past 60 days
Competitor 3
- Price
- Number of Local Reviews in Past 60 days
Recommendation 2 Robotime 木制地球仪 Insert product name

<Variant name> - if any ST003 Insert variant name (if any)


48.50 Recommended selling price
0.00 4.85 -
2.00 1.40 -
0.00 0.01 -
31.0 Length of parcel size
23.0 Breadth of parcel size
4.70 Height of parcel size
2.50 2.50 -
4.50 3.90 -
https://detail.1688.com/offer/669420398942.html
0.00 24.74 -
119.99 Based on average product price (in CNY)
4.85 4.85 -
0.00 2.23 -
0.00 26.97 -
2.00 2.00 -
-6.50 10.79 -

#DIV/0! 22% Minimum 15% margin required

https://detail.1688.com/offer/669420398942.html
114.66 Average of 3 units
5.33 Average of 3 units. Set shipping to Guangzhou
0.00 119.99

0.00 0.00

0.00 0.00

https://shopee.sg/ROKR-Robotime-Wooden-Globe-3D-Puzzle-DIY-Wooden-Model-Building-Block-K
50.93
2
https://www.lazada.sg/products/rokr-robotime-wooden-globe-3d-puzzle-diy-wooden-model-building-
48.50
0

https://shopee.sg/Robotime-Rokr-147-PCS-Luminous-Globe-with-LED-Light-DIY-Wooden-Model-B
48.99
0

https://www.lazada.sg/products/robotime-147-pcs-luminous-globe-with-led-light-diy-wooden-model-
48.99
2
Guangzhou

Y-Wooden-Model-Building-Block-Kits-Luminous-Globe-with-LED-Light-Assembly-Toy-i.48567203.11184978461?sp_atk=5fdd5269-f673-44
puzzle-diy-wooden-model-building-block-kits-luminous-globe-with-led-light-assembly-toy-gift-for-kids-children-i2165384850-s12351630171.

h-LED-Light-DIY-Wooden-Model-Building-Block-Kits-Assembly-Toy-Gift-for-Children-i.190979801.13579645516?sp_atk=69354a11-8a2c-4b

e-with-led-light-diy-wooden-model-building-block-kits-3d-puzzle-assembly-toy-gift-for-children-i1933829972-s10339863550.html?spm=a2o4
1?sp_atk=5fdd5269-f673-4499-ad93-eb5280cde4cb&xptdk=5fdd5269-f673-4499-ad93-eb5280cde4cb
165384850-s12351630171.html?freeshipping=1&search=1&spm=a2o42.searchlist.list.i40.1edd4a3cgekVmh

?sp_atk=69354a11-8a2c-4b1e-ae23-518fa4a51f4d&xptdk=69354a11-8a2c-4b1e-ae23-518fa4a51f4d

339863550.html?spm=a2o42.searchlist.list.3.35fa7a74YgsDm9&search=1&freeshipping=1
Winning Product Criteria
1 Product must have at least 15% profit margin with the following conditions:
1a Price has to be equal or lower than the price of every Lazada and Shopee local competitor (if any)
1b Price cannot exceed 150% of the price from any Lazada and Shopee international competitor
1c Product to be sold in Singapore Shopee and Singapore Lazada
2 There cannot be more than 3 local Singapore sellers of this product for each of Shopee and Lazada. Best if there is
3 Product cannot include the following:
3a Items with electrical plug (e.g. Television, Rice cooker). I do not have the license to resell such products. However, e
3b Health products (e.g. surgical masks, pills). Because this is regulated
3c Products from big brands. I do not want to get sued for infringement
4 Product must have at least 2 reviews across all Shopee & Lazada competitors within the last 60 days. This is to know
e and Lazada. Best if there is no local competition.

sell such products. However, electrical products which can be powered by USB (e.g. handheld fans) are ok.

he last 60 days. This is to know if the product is selling


Q1 How do I speed up on finding winning products?
1) Pick out as many hot selling products as you can
2) Quickly filter away the ones that do not have much recent sales/reviews on Shopee & Lazada combined
3) Focus on researching on the remainder to assess the product profitability and level of local competition
Q2 How do I know if there are local competitors for this product?
1) Make sure you are on Shopee and Lazada Singapore
2) Keyword and image search the product
3) Filter by seller location (Select only sellers from Singapore)
Q3 How do I find out the product parcel dimension?
1) Use image search for 1688 listings. Usually, there will be at least 1 listing that indicates the parcel dimension
2) If there's no dimensions provided, chat with the 1688 suppliers (in Chinese) to ask for the parcel dimension. Or as
3) If you are unable to find out the parcel dimension, indicate the parcel dimension as 20cm x 20cm x 20cm
Q4 Is parcel dimension different from product dimension?
1) Parcel dimension is usually different from product dimension. Make sure you are researching on the parcel dimen
& Lazada combined
of local competition

ates the parcel dimension


or the parcel dimension. Or ask AliExpress suppliers
20cm x 20cm x 20cm

searching on the parcel dimension and not the product dimension

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