The Definitive Guide to Sourcing the Right Products to Sell on Amazon
August 15, 2018
When it comes to sourcing the right products to sell on Amazon, many new sellers are at a loss. Where to start? Should you start with a potential product in mind and try to find somewhere to buy it cheap? Or should you search instead for a bargain, not minding what particular product it might be, to try to maximise your profits?
There is no definitive answer. That is because the right product for one person to sell is not necessarily the right product for someone else. There is no magic list that will provide you with the exact items that you should sell for the most money. However, by sticking to this step by step process to sourcing the right products to sell on Amazon, you will soon find the right products for you.
Step 1 – Your interests and skills
Without an interest in what you are doing every day for a living, you will find yourself limited in your profit making abilities. How will you motivate yourself to answer awkward questions about your auctions if you don’t know the answer yourself?
It might not always be possible to find items that perfectly match up to your own interests and skills but they make a great starting point. There are many other people in the country that will be interested in the same things as you after all.
Step 2 – Product sourcing
There are so many potential ways to source cheap products to sell, that without an idea as to a possible product you could simply spend hours finding a wealth of goodies, but never making a decision as to the best one. Start with a couple of ideas of items, or at least niche areas into which you would like to sell, and then look into the following:
– Household items lying around your domain could be worth more than you think, and are a great way to get started.
– Garage / car boot sales can be a gold mine of cheap items to sell on for a profit.
– Amazon itself can provide many great deals. Look out for items with misspelled titles or lacking in images to purchase and sell on for a profit.
– Wholesalers will do you a great deal if you buy a product in bulk.
– Drop shippers take the hassle out of selling on Amazon, as they will post products directly to your buyers.
Step 3 – Listing your auctions
Amazon product sourcing and selling on Amazon is only the first step on your route to success. It is also important that you know how to quickly and efficiently list an auction that will sell well every time. Create effective titles and descriptions, take clear photographs and end your auctions early in the evening, when most potential buyers are online.
With the right products to sell, sourced from the right location and listed with a great auction, you will be well on your way to Amazon success.