- Nov 10, 2016
How to Choose the Best Products to Sell Online (Beginner's Guide)
January 31st, 2019
January 31st, 2019
Types of Products That You Can Sell Easily
There are many different kinds of products that you can sell in your online store. Let’s narrow them down into two major sections.
1. Commoditized Products
These are products that everyone needs and are sold by many small and large stores without any difference in quality. For example, everyday products like soap, detergent, cereal, and more.
These products are made by some of the largest brands in the retail industry and are available widely with little to no difference in price.
This makes it harder for you to compete with giants like Amazon, Walmart, Target, etc. They can offer those products at lower costs, free shipping, and other perks.
This rules out a large number of products for you.
2. Niche Products
These are products that are unique or hand-made, available in limited stocks, and from specific suppliers. Think of home-made soaps, novelty t-shirts, ceramics, gift items, software, and countless other products.
Since these products are not widely available, they give you a competitive advantage.
There are even unique platforms like Etsy stores where you can find small vendors who make beautiful products and would love to partner up with other stores.
Doing Product Research On Your Own
Don’t use your best guess to select products you sell online. Back it up with data so that you know there is a demand for these products and customers are looking for them.
The first tool you are going to use for your research is Amazon.
It is the world’s largest eCommerce store with thousands of products. Luckily, it is also a treasure trove of free data that you can scrap and make your decisions.
Go through different product categories to find out top performing products in each category. Keep narrowing down your search to sub-categories to find targeted sub-niches of products.