1- Choosing the right products for online sales
The biggest common mistake of Internet vendors is choosing the products they know best or desire most, which is not the right approach. Trying to sell a product that you often see as a good idea and that is right for you reduces your chances of success. You ask why? Because when you sell online, you sell in a real shopping environment. Selling online is real business, and real business does not depend on guesswork, guesswork, and personal preference. If you want to open a new online store and compete in the world of sales, the ONLY way to decide which product to sell is to do market research. You have to determine whether the product you want to sell is marketable or, if so, how much an initial budget you need.
For example, most of the new vendors have an interest in electronic devices. They find a supplier that sells MP3 players and spend a lot of money to launch their new online shop. Afterwards, months pass without making any sales and they are confused as to why they cannot sell even though they spend a lot of money. What they do not understand is that other online sellers in the product market they enter will lower the wholesale price because they purchase in bulk, and if you dropshipping the products (sellers find the buyers, collect the address and the price of the product from the customer, the product price and the mailing address directly to the supplier. If you try to sell the product with the difference between the price it buys and the price it sells, your prices will be more expensive than the prices of other sellers. New sellers trying to sell these types of core goods often fail because they cannot fight against the established sellers who run the online marketplace.
The key to choosing the right products for online sales is to go to niche markets.
2- Finding products to be sold online
Let’s say you have chosen the right product to sell and it is time to find this product. When researching online products to sell, you need to find “renewable” resources. At this point, you will need a supplier.
Whether you are selling via dropshipping or wholesale. As a reseller, your goal should be to find a permanent supplier that will give you the best wholesale prices and can supply you repeatedly. It is very difficult to find real suppliers on the internet because real suppliers rarely advertise on the internet.
However, let us warn you in advance. 99% of the ads about these suppliers do not belong to legitimate sources. Most of these are brokers and the biggest reasons new sellers fail. Brokers are companies between online sellers and real suppliers. They say they are real suppliers, but that’s a big lie. Their main purpose is to get money from you. While it may seem silly, every day many new sellers fall into this trap.
When researching suppliers, keep in mind the following:
- 1- Real suppliers do not charge you monthly fees.
- 2- Real suppliers do not charge you for setup fees.
Let’s say you are trying to find a product for online sales and you find a supplier that doesn’t charge you anything… They may be fake and they may not give you real wholesale prices. If the suppliers don’t give you real wholesale prices, you won’t be able to struggle in the online merchandising market. You won’t be successful if you don’t work with real suppliers. Fortunately, there are also real suppliers you can find.
Products to be sold on the Internet
You can make pretty good money by selling online, but first you need to get the logic of the business.
People dream of buying high-profit products wholesale and selling them directly. However, deciding which product to sell is a difficult matter.
In order to identify new and popular products and sell these products on the internet, it is necessary to do a good research first. Because there are millions of people who do and want to do this job like you.
To be successful in e-commerce, one should choose the right products; You must have the right skills to market and sell these products.