Are you having trouble with finding products to send in to Amazon? Would you like a daily list of profitable products? I answered yes to both questions and that’s why I signed up for ScanDriod Pro on Dec 12, 2014. In this post, I’ll tell you more about ScanDroid Pro and I hope it’ll help you decide if the service is good for you.
First of all, what is ScanDroid Pro? ScanDroid Pro is a service that scans thousands of products a day, compares them to Amazon and analyzes them for profitability. They then give their subscribers a daily, unique list of either 10 or 25 products (depending on the plan) that they analyzed as profitable. Products will have an ROI of at least 30% and will be ranked between 1 and 250,000.
It’s easier to show you what I’m talking about – so, here is a screenshot of one of my recent product leads:
You can see that they give lots of useful information – store name, store price, Amazon FBA and MF price, rank, number of offers and buttons to reach CamelCamelCamel and Keepa to check history. On the second line, they do the calculations so that you can see the net profit, ROI and margin. You can also do further research on the product by clicking on the green, blue and gray buttons that they provide.
Actually, instead of me listing what’s on the screen, I think it’ll be better if you see for yourself. Go to their website and click on “Daily Free.” This gives you three FREE product leads (no signup necessary) so you can see how this all works. Once you check it out, come back here for the rest of my review.
Freebie: Even if you don’t sign up for their service, you can check the Daily Free each day. The Daily Free gives you the same information as the paid plans, but the product ranking isn’t as great.
While you’re checking out the Daily Free, please explore the website to learn about their features and pricing. I feel that I should spend this blog post time giving you my review of the service based on my experience rather than just rewriting what’s on their website.
My Review and Thoughts:
Ease of Use: Very simple to use. There aren’t any settings or configurations to worry about. Just subscribe, log in and go to your list. You get there by selecting “Products->My Latest.” Once you’re in the list, you can sort it by newest, lowest price, store name, sales rank and updated.
What I Would Like to See: Printable Lists. The service is geared towards online sourcing and it works well because you can just click on the green price button to get to the store’s website to purchase the product. But if you want to print your list to take to the stores, you’ll be using a lot of paper and you’ll need to get your reading glasses on. It prints how it is shown on the screen and the font is very tiny. I would be happy with just a text-based list of product names. Since that’s not provided, when I go shopping, I write the products that I’m interested in on my own piece of paper that looks like this:
Stores: Right now, they scan products from Target, Walgreens, Walmart, Toys R Us, Disney Store and ThinkGeek. So, before you sign up, make sure that these are stores that you have access to or are comfortable with purchasing from their website. Since joining, I purchased products online from Walgreens and Target and in person from Walmart.
02/13/15 Update: They have added Kohl’s, Mattel, Boscor’s, Hot Topic and Rite Aid.
What to Consider Before Joining: Your product categories! Some of your products will be from the Grocery, Health & Personal Care and Beauty categories. So, before signing up, I recommend being approved in those categories first so you’re not given a list of products that you can’t sell. However, not all products are from the restricted categories. I quickly browsed my list from today and there are products from the Toys, Baby, Kitchen, Sports and Pet Supplies categories.
Is Your List Unique? Yes, everyone receives random leads, so my list will be different from yours. This is good so we’re not all buying the same products.
Still Research the Products on Your List: Before buying any products, still do your research. Sometimes I found that the Amazon price is at a highly inflated when they did their scan. A quick history check shows that this high price is very rare. Also, I’ve seen where they did their scan and compared it against a listing that I wouldn’t list on. For example, sometimes you’ll see multiple Amazon listings for the same product. The scan may be compared against the oddball one where there is one seller with a highly inflated price while the other listings(s) have multiple sellers with a more normal price. Also, some products on your list will give you a net profit of less than $3.00. This may put you in the negative if you drop your selling price.
Scanalyze: This is another tool that the company offers that will help you if you do online research. I received three months free as part of my joining promotion and so far I love it. I prefer it over Amazon’s FBA calculator to get my profits. Here’s what it looks like:
In a way, it’s similar to the cell phone scanning apps such as Profit Bandit. But what’s cool about it is they have a Chrome Extension that allows you to link to Scanalyze directly from ccc and Keepa. I use Scanalyze each time I’m looking at the ccc and Keepa price drop sites. If you’re not using ccc or Keepa, all you have to do is copy and paste the Amazon ASIN number into the box and you’ll get your calculations and charts.
How has ScanDroid Pro Worked for me? Unfortunately I don’t have a lot of history yet. My first batch of eight products hit the Amazon warehouse earlier this week. So far though, I have sold three of the products at a net profit of just over $5.00 each. Those sales gave me over $15.00 to go towards paying my $22.00 monthly fee. I have purchased more products, but they are all still in transit or sitting at my house.
Will I Keep ScanDroid Pro? I’m going to subscribe for a second month and see how much I make in profits. As I said in the previous paragraph, I don’t have a lot of history to go on. I would like my net profit to be at least $100 a month to cover the monthly fee and to give me a little extra to go towards more inventory.
I do know that I wouldn’t have found the products on my own because I don’t have a lot of time to scan at the stores. Also, when I went shopping at Walmart with my product list in hand, it was nice as I was able to run in, find my specific products and leave.
I hope you enjoyed this post on ScanDroid Pro. At the time of this post, they are offering a 7 day free trial. I recommend taking advantage of the free trial and testing it out for yourself. Even if you don’t become a paid subscriber, you can still use the Daily Free each day.
Please let me know if you have any questions either in the comment form below or on my Facebook page. Also, if you signed up for ScanDroid Pro or Scanalyze, let me know how you like it.
Featured Image: © dizain – Fotolia.com
All Others: Diana Poisson