Finding The Right Products To Sell – ProfitSourcery
Reading Time: 2 minutes Finding what product to sell can be tricky, especially for those who are just starting to explore eCommerce.
With so many products out in the market, this can be a daunting proposition for anyone starting. Fortunately, there is help for those who would want to get into eCommerce but don’t know where to start.
ProfitSourcery is one such tool designed to help people find the right product to sell on Amazon U.S. or Amazon UK.
It will guide those who are considering going into eCommerce, especially if one is considering selling on Amazon.
Through this tool a potential seller will be guided as to what profit margin or ROI can be expected, the potential sales rank of a product, what storage fees to expect as well as how important product reviews are in Amazon sales.
They Key Steps To Product Research From ProfitSourcery
Looking at the profit margin or ROI is perhaps most important, and should be one of the first things sellers need to research.
The bigger the profit margin, the better. Though sellers should also note as to how often profit would occur.
Which leads us onto sales rank which is another thing that sellers should look out for, as a product that ranks higher would mean it will sell faster than one that is ranked lower.
One aspect with sales on Amazon is product reviews. It is important that products get good product reviews, as often this would serve as a guide for people whether a product is worth buying or not.
Knowledge is often the key to success, and knowing the product and market will go a long way.
ProfitSourcery is great not only for those who want to sell, but can also be used to help people in deciding what product to buy.
Looking at a product and whether it has product restrictions on it is essential. This is Amazon’s way of protecting both buyer and seller.
To find out more about how you how to simplify your Product Research check out the ProfitSourcery website.
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Dave Furness
Dave is a Co-Founder of eSeller365. For over 10 years he has been involved with eCommerce with a particular interest in the marketplaces and the huge opportunities available for sellers when utilizing a multi-channel strategy. After a year of being the UK’s youngest eCommerce consultant, he built an education platform called UnderstandingE that showed the world how to utilize Magento as the “Third Generation of Multi-Channel software”.
Dave has also created a YouTube channel dedicated to entrepreneurship and eCommerce as well as a podcast dedicated to mental health awareness. When Dave isn’t working his main interests include learning and playing Chess, researching the Crypto and NFT space, and trying to find the nearest beach.