Do you want to start your own eCommerce business from home?
You should only sell things if you make money, and maintain a considerable and sustainable profit margin.
According to my selling experiences the easiest products to sell are not the products that most people want - they are actually hard to sell since the competition is fierce - but rather the things you can make the most profit on.
Here is my guide - How and what to sell online in 2021!
High profit margin: Price range should be between $100–300. You know why? Because is your profit margin. On a $10 product, your margin will be $2 while on a $200 product you will earn around $25–50. This way you won’t need to sell thousands of products just to make the minimum profit to get by.
Don’t sell low-cost items for $5-10 since their profit margin will be too low.
Shipping cost: Shipping cost can become a huge factor for large and heavy products, especially if you offer fast shipping options. An express courier will charge $70–100 for a 10kg package to be delivered from Asia to the USA. When an online buyer sees a product for $150, paying an extra $70 on shipping is lower your conversions.
Find niche products: Popularity is very important, but do not try to sell what everyone is selling, because you’ll end up with extremely low profit margins. You can find plenty of products to sell in niche categories which will be more profitable and less competitive.
Return shipping cost: Simple to use items. This is very important in terms of returns. When a customer receives a new product and is not able to understand how to use it then he/she is more likely to return it and you will have to pay for return shipping cost. These costs can pile up and lower your bottom line profit significantly.
Online marketing: In order to promote you eCommerce store online you need to have basic SEO & PPC marketing skills. No matter what type of eCommerce solutions you use don't forget SEO settings and create then execute an eCommerce SEO strategy to improve organic traffic and keywords rankings.
As you can see starting an online selling business is not too hard, but before you start - learn the basics in ecommerce selling.
If you find my article useful, please read my other article here: Use this tool to Find Profitable Products to Sell Online.