It’s common for sellers to chase after niche products since they tend to have very little competition. However, the real challenge for sellers is finding the right niche products to sell. Most niche products have little demand, making them difficult to sell. If you want to find the right products to sell, you need to understand what KPIs to look for while product sourcing.
An ideal niche product will have:
- High demand
- Low competition
- Reasonable profit margins
- Low expenses
- Few established sellers
The easiest way to check for these metrics is through the use of a product research tool like Algopix. The platform will display all of this information for 16 international eBay, Amazon, and Walmart markets. You need to be able to access this kind of information while searching for niche products so you can eliminate ones that don’t meet your threshold.
In the example below, we can see that the vase isn’t recommended because there isn’t much demand for it, despite the overall competition being low.
Bottom line – niche products can be profitable online, but you need the right market research tool to find them.
Algopix makes it easy for you to track and analyze your KPIs. Sign up for your free trial today.
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