Finding Рrоduсts To Sеll Online
Finding products to sell online is one thing that you need to consider if you want to make money online.
Your options will vary and there are so many different ways that you can find products to sell online that I suggest you do some research first.
In an ideal world, you would be selling a product online that you were familiar with, unfortunately, the online world isn’t that easy so you will more than likely end up selling a product you’re not familiar with.
Adequate knowledge of what you are selling is an important consideration to be able to promote your product well.
Another important issue in finding products to sell online is if the products are suitable for sale online.
Large and bulky products, as well as fragile products, may not be good for your online store especially if you are targeting a worldwide market, although it would be ok if you were selling locally to yourself and could arrange delivery.
Some examples of large and bulky products could be garden ornaments or furniture which can be impractical to ship.
If you want to take advantage of the worldwide reach of the internet, you may find it a better idea to find products that you can sell anywhere in the world.
Another tip in finding products to sell online is to choose products that do not easily fluctuate in value.
Mobile phones and electronic products, for example, can easily fluctuate in value if new models are released in the market.
If it takes too long to sell your products, there could be a chance that your products may lose value. You should also consider the target market you want to sell your products to.
As well as these factors above when choosing the right products to sell, other problems you could encounter could be
- Finding a reliable supplier, especially if you are considering drop-shipping
- Setting up your payment methods, you need to get paid for your efforts
- Your platform, will you build a website or find an online solution, like Shopify or Etsy
- Can you supplier source meet the demands?
Finding Products To Sell Online Is Not Difficult, Follow These 3 Tips Below
Find Cuѕtоmеrѕ with a Passion оr Prоblеm
It’ѕ аmаzіng hоw much mоnеу раѕѕіоnаtе hоbbуіѕtѕ will ѕреnd.
Mountain bіkеrѕ wіll drор hundrеdѕ on lіght-wеіght accessories to ѕhаvе a fеw роundѕ, аnd аvіd fishermen wіll іnvеѕt tеnѕ оf thоuѕаndѕ of dollars іn boats аnd related accessories.
If уоu саn оffеr a рrоduсt-bаѕеd ѕоlutіоn tо a раіnful рrоblеm, уоu’ll find a сарtіvе аudіеnсе eager tо buу.
Find A Product With Low Turnоvеr
If уоur product line constantly сhаngіng, уоu’ll еnd up ѕреndіng vаluаblе time оn resources thаt wіll ѕооn bе outdated.
Sеllіng a product lіnе which is evergreen ensures you саn іnvеѕt in аn іnfоrmаtіоn-rісh wеbѕіtе that wіll bе аррlісаblе fоr years.
Find Products Hаrd tо Fіnd Lосаllу
If you nееdеd garden equipment, уоu’d lіkеlу hеаd dоwn to уоur lосаl Home Dероt or Lоwе’ѕ. But whеrе wоuld уоu go tо buу ѕurvеіllаnсе equірmеnt оr mаgісіаnѕ’ ассеѕѕоrіеѕ?
Pick nісhе рrоduсtѕ thаt are hаrd tо find locally, аnd you’ll bе аblе tо gеt in frоnt оf thе vаѕt majority оf уоur customers аѕ thеу ѕеаrсh оnlіnе.
Whіlе уоu ideally wаnt ѕоmеthіng dіffісult tо source lосаllу, уоu аlѕо need to еnѕurе there’s ample demand for thе рrоduсt!
Thіѕ саn bе a fіnе lіnе tо wаlk, аnd we’ll return tо thе issue іn thе соmреtіtіоn section bеlоw.
Finding рrоduсtѕ to ѕеll оnlіnе іѕ thе ѕесrеt tо mаnу successful buѕіnеѕѕеѕ оnlіnе tоdау.
It’ѕ gеttіng hаrdеr to find nеw whоlеѕаlе companies wіllіng tо ѕеll hot ѕеllіng іtеmѕ to nеw buѕіnеѕѕеѕ.
There is no guarantee that hаvіng уоur own online buѕіnеѕѕ will mаkе уоu a lоt of mоnеу but thе more you work thе more уоu wіll make.
It’ѕ аbоut ѕtауіng ahead of the market and knowing what product to offer to get as many sales as possible. If you know what people are buying that’s half the battle.
This is a question that really depends on whether you want to deal with a physical product or a digital product and what type of profit margins you feel are necessary.
If you feel better about physical goods your profit is usually 15% at best.
You may prefer digital products because the profit can be up to 75% on eBooks and other computer software programs.
There are many places online to find digital products to sell online, but once you start looking at the wide variety of places to find products to sell online it is not too difficult to choose products to sell online.
The company that provides the most digital products to sell online is ClickBank. (alt link)
ClickBank sells software and eBooks on pretty much any topic.
Choosing a product to sell online should be done based on a few different factors.
Firstly it is always a good idea to find products that are evergreen and seasonally specific so you can have stable sales throughout the year.
Second, you should pick a product that has good profit potential. I mean a product that sells for $9.99 and pays 75% does not pay well per sale.
That said you should look to earn about $20 per sale and thus products that sell for $30 or more would have a good profit margin.
At this point, there are still a lot of products on the table.
It is best to stick with products you are familiar with since you can recognise quality in areas you know.
Maybe you are struggling to come up with a product idea, check out my post on choosing an interest for your online business.
If your hobby is golf you may want to pick a golf instruction product. If you are interested in saving energy, a solar product may be a good call. At any rate, you should be able to narrow down to products that are in your expertise with good profit margins that will pay off all year.
Products to sell online can come from other areas, but it will take more searching. Some products are sold by independent merchants and while this can present great service there are disadvantages that you should be prepared for.
Products sold by independent merchants can present a great option but there are disadvantages that you should be prepared for.
These merchants may not have a streamlined customer service approach.
You may experience issues if you have to present them with problems you encounter.
Tracking your commissions could be difficult if not done automatically.
A good product can easily overcome these shortcomings so be smart when choosing an independent merchant, because it may pay dividends in the end.
Choosing products to sell online can be looked at as a simple process. Just stick to what you know and feel comfortable with.
After that look for quality products that will pay well all year round and you have yourself a winner.
For some really detailed research on selling products online using Amazon or Shopify check out this great post by the guys over at ChannelApe
Good luck in your adventure let me know how you get on.
I’m always interested to hear success stories.
Once you start selling products online you need a customer mailing list.
It is important that you stay in touch with your buyers, it will help your business grow.
So You Have Built Your Landing Page Now Which Email List Builder Should You Use?
You could try a free provider like MailChimp but you may run into a few problems.
If your list becomes too big and you then decide to move to another provider, I have heard it can be a long drawn out process, when you decide to switch over to a more efficient email list builder like Aweber, it takes hours to transfer your entire list maybe even days.
Now the reason why I suggest Aweber is because their services are SO EASY to use!
I am not an internet wizard… at all.
In fact, I get really frustrated when something takes too long to figure out.
But with just one video tutorial, I was able to easily understand everything.
Aweber is seriously intuitive and simple to use.
Now the monthly cost for Aweber is $19.00 a month which is basically a couple of days without a Starbucks coffee every month.
I understand that you may want to go down the free sign up route, which is why you get 30 days free with Aweber, the ease of using Aweber is definitely worth it.
You can check Aweber out here and if you have any questions about it, feel free to ask me!)