Seeking Advice: Finding Profitable Products for my Amazon Store
Hi,
I'm currently looking for my first product to sell on my Amazon store. Whenever I come across a product on Amazon, let's say it's selling for £15, but when I search for a wholesaler, I find it for £10. It seems like a total loss to choose a product with such a high price difference. I'm feeling quite confused about selecting a product and finding a wholesaler. Can anyone offer some guidance or suggest a built-in tool to help find a winning product?
Seeking Advice: Finding Profitable Products for my Amazon Store
Hi,
I'm currently looking for my first product to sell on my Amazon store. Whenever I come across a product on Amazon, let's say it's selling for £15, but when I search for a wholesaler, I find it for £10. It seems like a total loss to choose a product with such a high price difference. I'm feeling quite confused about selecting a product and finding a wholesaler. Can anyone offer some guidance or suggest a built-in tool to help find a winning product?
14 replies
Seller_hOZNPw7G8FIjl
There is no magic tool to identify "winning" products for you - you will have to do your research as we all had to.
Seller_76AUwmqvSyRIM
When you do find one, please let us know what it is so that we can all cash -in! ;)
Seller_SnNztJIII3ZP5
Forget that. I have ten million pounds in my bank in Nigeria and I need to transfer it out I will give you 25 percent. Just send me your Sort Code, account number and pin. I we will be reich together .
Seller_GIHNeHnxu545E
This is just the start of your worrys! Just wait until you find that one product, get your stock in and then watch the price crash and wipe out any profit you thought you'd get!
If your not a sadomasicist and a gluton for punishment go and do something else
Seller_P1sFiVaja1RYI
Make a proper research about the "wholesalers" some of them are just a basic retailer or dropshipper, check the VAT number, company reg number etc, and walk in to local wholesalers and cash and carry, build a relationship with them. Don't even think about to compete with the big 50+years established retail businesses whos are can buy stocks extremely cheap with huge capital. Price war is present and need to calculate with it. Not easy business model, and full of stress and frustration. Keepa and SAS can help to analyse the products profitability but not for research.
