The keyword is profit-relatively simple for the products “sell” (simply sell smartphones or technology products), but their profit margins will be horrible.
What Most people do not realize is that the money that “collect” business is only a part of the story.
“Full ” Retail purchases provide a gross income. To determine the benefit, you need to discount COGS (cost of the sold goods) and any extra “administrative” expenses, such as advertising, storage and staff expenses.
While the fascination of the “digital” realm has animated millions of raids in its depths, it is not unique. You still need to take into consideration the benefit (baseline) instead of general gross (upper line) in order to maintain your sanity (and vitality).
The business world “online ” closely mirrors its offline counterpart, which means that if you are looking to take advantage of the plethora of opportunities created with the likes of Amazon, YouTube, etc… You’ll want to see how they work… As “Markets “.
YouTube is a marketplace for entertainment, Twitter is a market for attention and Amazon is a market for commodity prices. Understanding this puts you in the advantageous position of being able to determine a more effective way to provide solutions to participants in those markets.
The most important thing to appreciate is the supply and demand-the cornerstone of a “free market”.
The offer/question states that if there is demand, the supply will surely continue… Overbidding brings the “prices” down. Low supply door “Prices” up.
The most important thing to consider is how the application is created/influenced.
The question is the cornerstone of whether a “product ” will be sold, and that is why the tastes of “Tech ” Products always do well online (because people want to make sure they are getting the latest and greatest components).
Therefore, when you consider what you “sell” on Amazon, you are basically looking at what products are required and are understocked. The supply situation may not by what is indicated by high prices, but people usually either hold back in “non-Essentials” purchases, or ask for variations of solutions provided.
The important thing to keep in mind is that most people focus on “Source” (typically over-supply), as you would see from products that have a lot of buyers or a lot of sellers ( “Smartphones ” being a Prime example).
by Selling a “me-too” product, you can get sales, but almost invariably have no benefit. In my experience in the “Tech” space, the earnings are minimal because the volume is so high. Contrast this with the size of the furniture where the volume is relatively low, the benefits can be much higher.
The Point is that the “price ” that you get on any of the modern platforms depends largely on the quality and truthfulness of the solution, rather than if other companies are already offering it.
To this end, below are some of the most effective solutions/products to sell through Amazon:
Accessories for Popular Products
This works especially well for smartphones, computers and game consoles/games. If you find a popular product (especially game), you should be able to provide free accessories for it. The iPhone cases were very good for this between 2013 and 2018.
Cheap Kickstarter Products to make
Kickstarter (Platform funding crowd) is a gold mine for the Amazon inquisitive shop. Not only do you have specific lists of products that have been funded (and the actual data to support them), but you have a product plan that a market will really want. Some of the best categories for this are in the “creative” space-books and board games. Now Obviously the warning here is not to start the products in question-just use them as an observation point for what you could buy/get done to complete the question they have shown exist.
Canned virtual Products
If you can get cheap STEAM codes, why not pay some money to make them boxed? What if you found several “Guides” doing well in the ClickBank market (there are a lot of game guides for the gold tastes of World of Warcraft, etc.)? A great trick is to find a virtual product that is already selling and just make a physical copy. Of course, you cannot start the other product. If you have nothing to add, just buy your book and rewrite it or something like that. The point is that you need to provide a unique offer to a new market-with the demand already proven.
Personalized/Unique Products you have access to locally
One of the biggest mistakes that new sellers make with Amazon is basically doing exactly the same as everyone else. They will also use the same “Source” in China (via Alibaba, of course). The best people are basically able to “Source” their products locally (or perhaps from their suppliers) and then offer them as products that are compared with the Amazon platform. For example, you can meet a local clothing provider who will sell you cheap clothes (wholesale)-you would be able to put them on Amazon, while the goal of the successful clothes that are already on the platform.
Keep in mind that all the above offerings depend on there are very few other sellers on the market (while capitalizing on the existing application).
While I think that the quality of a product is the most important thing, if you are trying to make a penetration and have no resources/experience to put in R & D, you’ll want to take any slack that the market can have today.
This is best done by playing the “demand arbritrage” products that provide the game that have been tested in other markets, and offering an improved/comparable version through Amazon.
To discuss my experience, the whole supply/demand problem is legitimate for “commodity ” products such as technological components, apparel, food or generic medical solutions.
… BUT there’s another way…
In other words, if you are playing at “Level 1 ” (psychological) or “Level 2 ” (security) hierarchy, the price will play an important role because people can get the same solutions from most vendors (just watch Android).
This can be seen in almost all markets-where a company will only provide “cheap” prices because of the generic nature of its solutions. They Don’t do much different, and then they end up attracting a fickle crowd (who are sensitive to the price).
The reality is different. Instead of being a slave of circumstances, the best work above the hierarchy-towards membership (brands/communities), self-esteem (personal development/ “great risk “) and auto-upgrade (Legacy).
In this way, they transcend the price (though they can’t escape) because of the perceived singularity of their offerings (often referred to as “perceived value” in marketing).
They Attract buyers who actually * want * to deal with them, and are happy to pay a fair price to take possession of a solution whose benefit far exceeds its mundane value ( “tangible “).
This is where “Premium ” and “Luxury ” companies come from.
The secret is that markets respond to solutions. Take your merchandise to market, you don’t want to let the market govern you. The power of the solution determines your request.
The trick I found works best is to go out and try big, daring experiments on your own and then provide the “solutions” you’ve discovered as packaged products. This can be done both virtually and physically (via Amazon)-and what’s more, it’s totally dependent on you… Which means that there must be very little “competition” that can affect the way products are successful.
For example, let’s say you’re interested in playing video games. Maybe You like the world of tanks. Posting WOT videos on YouTube is done by anyone who has a capture card, so it’s not likely to give you a huge advantage (although it will work pretty well if you post good Reps)-the real trick comes from running WOT tournaments that you Post Results in TI l E, YouTube and also through the tastes of Twitch.
The part where Amazon plays in this is that it will give you the opportunity to sell the “SECRETS ” for the successful gameplay of WoT, as well as the premium and physical vehicles (Boxed) versions of any “strategy ” guides you have created.
The key is that people who really love do not want to buy their stuff-they just want to improve the game. So, what you’re selling is a way to do it.
They attract people to the quality of their reps/tournaments, and you are able to offer other products as a result of which they are able to replicate.
In The same way with other solutions. Maybe He made a trip to Tuscany and found some special pieces of clothing, or took his programming skills and created a custom WEB-based application for users who wanted to enjoy the underlying way in which certain things work . The possibilities are limitless.
Remember, however, the key is to have people willing to pay for the use of the items you are offering. Most make the mistake of selling the product-people want the solution ( “Results “). They do not buy acne cream because it is “natural “-they buy to get rid of acne… The idea that is “natural” is a byproduct of this underlying purpose.