As a seller, listing & selling your products on Amazon India comes with a promise of amazing benefits, significantly higher visibility & a pan-Indian reach. However zeroing in on a product that gives you handsome profits is a tough...
As a seller, listing & selling your products on Amazon India comes with a promise of amazing benefits, significantly higher visibility & a pan-Indian reach. However zeroing in on a product that gives you handsome profits is a tough task & need to be done very diligently. In this blog, we will explain various steps to find profitable products to be sold on Amazon.
Select your Ideal Selling CategoryBefore selling on Amazon India, you need to sort out the product category under which you’re going to sell. There are multiple categories on Amazon & every category has products with different set of requirements & profit margin. Therefore, to move ahead you must have an ideal category in mind as first of the steps to find profitable products.
Research on what your Competitors are SellingOnce you decide on a particular category, you need to research on the products of the existing Amazon India sellers in that niche. Find & compare product sales & revenue to get an idea of what is trending on Amazon Marketplace. You can use an Amazon Product Research Tool like Barrel13 for research & analysis on your competitors. It is one of the important steps to find best-selling products for Amazon India.
Look for Products with Better ROIOnce you start doing research on multiple products in your niche, you’ll come across several products with amazing profit margins. However, you must calculate the return on investment on the product you are most likely to sell. Profit margins are not the sole factor of product profitability & if a product provides you with more ROI as compared to another product with better profit margins, you must go for the former.
Find a Product with Less CompetitionThere are many products which generate high amount of sales & are sold by multiple Amazon sellers, thereby prompting many sellers to try selling these same products. However, it is very tough to survive in such tough competition for a new seller or a seller with relatively fewer resources. Therefore try searching for products with less competition so that you could sell & earn some revenue as well. As mentioned in the 2nd point, an Amazon Product Research Tool like Barrel13 helps you in finding such products with its various in-built filters.
Find a Small & Lightweight ProductLarge & heavy products come with many risks such as fragility & shipping inconveniences to name a few. As shipping is one of the biggest expenses in the business & having a small sized product would drastically reduce your Product Fulfillment Fees as well, you may want to opt for a small & lightweight product to sell on Amazon India.
So the aforementioned steps are some of the steps to find best -selling product for Amazon India. These steps demand your time & dedication, but once you’re set to sell, they will help you unlock the unlimited possibilities on Amazon!