I am trying to establish if it would be worth my while to sell a product in a particular online marketplace but am unsure how to evaluate if it would be financially worth my while.
The marketplace in question allows me to know basic kinds of sales data for any given item in the marketplace such as:
- When was the item first offered for sale?
- What is the total number of sales for this item?
- What is the price of this item?
- Who is the seller of this item?
- What kind of item is this?
The marketplace also allows me some other high level information such as:
- What is the total number of items for sale on the website?
- How many user accounts are there on the website?
- What are the most popular items for sale on the website?
I would love to know if this information is enough to help me make an educated decision as to if it would make economic sense in order to produce an item to sell in this marketplace and if so how would I go about figuring that out?