Many sellers have started importing trending products from China to sell on eBay, Amazon, and other marketplaces. We’ve all seen the fidget spinners, hoverboards, and other trendy products. But the real question is, how do you find the right products?
A common strategy is to scour subcategory pages on Amazon for niche products that you are familiar with. It’s always recommended you try and source familiar products as you’ll know what to look for.
First, you need to do market research into what people are buying and how much they’re willing to pay. Product research and analysis is a keystone of successful eCommerce businesses as it will limit risk and increase your profit margins.
You want to find products that meet the following criteria:
- High demand
- Low competition
- Few established sellers
- Low expenses
- High-profit margins
While you may find a product that meets all of these criteria, it’s unlikely. Try and find products that satisfy most of these requirements. Most importantly, look for ones that have high demand and aren’t seasonal.
Market research doesn’t have to be time-consuming. Algopix is an inexpensive product research tool that’s designed to provide you with all the product insights you need to make informed decisions. Best of all, it offers data for 16 international Amazon, eBay, and Walmart markets. Algopix can tell you the market prices of any product, the shipping and tax expenses you can expect to pay, a projected profit for selling it, and an insight into the competition and demand on any particular marketplace. Using all of these important metrics, Algopix recommends in seconds whether or not a product is worth selling.
Are you interested in finding the latest trending products? Try Algopix today, it’s free.
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