When starting an online business like Ecommerce or eBay and Amazon it is worth doing a little research first so that you know How To Find A Profitable Niche Online With Ecommerce.
There are really two ways to approach it first of all.
1) Simply find hot selling products that you have no interest in but sell well
2) Sell what you really love and are passionate about as you enjoy this area
Either could work. But, what you have to ensure is that you are selling what people want. For example, if you just sell hot products then you can start a wholesale business and or use dropshipping. So this means that you can buy in bulk certain hot products and or use dropshipping whereby the supplier, manufacturer or producer of the products sell them for you and you get a commission for promoting them.
This is just the same whether you go down the hot products route or following your passion. What matters is that you have a market for what you offer.
When learning How To Find A Profitable Niche Online With Ecommerce ensure that you are excited by your choices. As long as what you love sells and there is a market for it then you are fine, but some people put their heart into promoting things which have high competition or don’t sell. These are the extremes but that’s why you want to do some research to see what people want now.
You will have to see if what you want to sell is seasonal, fashionable or in demand now.
Some things you sell will sell all year round and some won’t. So, if you work with hot sellers then these products will change as time passes, but with your passions you can probably find products that fall into your niche all year round.
Still with me?
Basically, as long as you are specific with your niche area and your customer is there then you can promote what you like really.
So let’s say that you sell cake decorations (this is massive business today) you could sell any number of items under that umbrella and yet things will change with trends but, you will always have things you can sell.
Here are some tools and resources that will help you right away:
> Research Amanda O’Brien she is an eBay and Amazon Expert.
> Use a company called Terapeak to help you find great products
> Join the whole sale forum to get more advice on dropshipping and wholesale
> Join E-sources to get info on what sells and also access hundreds of niches
> Join Alibaba. This is an Asian site where you can find great products to purchase
I can assure you that just by joining Amanda O’briens newsletter you will very quickly start to learn how to easily start earning and define your niche.
Inside popular Niches are also sub-niches so you may find something you are passionate about yet it is too saturated and there is too much competition. So say you love iPODS, you may branch off and look at Cables or cases or anything related to that item that people need. This way you are not going to lose out to the huge competition that is out there.
TIP 1: NEVER TRY TO COMPETE WITH BIG DOGS YOU WILL LOSE
TIP 2: BE SMART AND START SELLING STUFF AROUND YOUR HOME TO GET USED TO SELLING ON EBAY AND AMAZON
TIP 3: LOOK AT BEST SELLERS WHAT ARE PEOPLE BUYING NOW
TIP 4: MASTER EBAY AND USE ALL OF THEIR TOOLS TO HELP YOU FREE
TIP 5: LOOK AT MOST POPULAR ITEMS ARE THEY SEASONAL
Your perfect area to sell is also known as your sweet spot. This is where your passions, skills and knowledge meets in the middle.
My advice is to go for your passions over just hot products as you want to enjoy your business and as I said, you already have knowledge in those areas. You can use a site called Mindmeister where you can write down your niche ideas and then branch off from the centre. It’s a great tool. Also there are tools like Google trends to help you define your selling area and niche. Before you know it you will be an expert and know How To Find A Profitable Niche Online With Ecommerce.
Personally I think that In any online business or home based business it is advised that you start with your passions and areas of knowledge. But why? Simply because, when you know and love the area you wish to gain success in, you will find it much less stressful and much more easy to get into profits.
NOW FOR AN EXAMPLE:
LET’S SAY THAT YOUR PASSION IS DOGS
> You look at dog toys, dog beds, dog jackets, dog blankets etc
> You begin seeing what’s popular and in demand now
> You look at top sellers and see what they are doing
> You check for prices and options with sites like Alibaba and e-sources
> Look at buying items in bulk and or dropshipping the items
> Start with 1 or 2 products and test them. Then add more as time goes by
> try to have your own style with your site and perhaps have a shop on eBay
> Do research daily to see what is working and what needs changing
> You could even create your own products if you are creative enough
They say that every home has around $3000 of goods that could be sold, so start there. And then be sure to start researching your niche.
Aim at an income every month like $3-5k and work back to how much you would need to buy to hit your profit margins. Ask yourself, can you buy stock in the UK as it may help you become established first of all. Then check the products quality before you start selling them.
START AN EBAY ACCOUNT IF YOU DON’T HAVE ONE YET
START SELLING YOUR GOODS AROUND YOUR HOME
START DEFINING YOUR NICHE OR SUB-NICHE AND DRILL DOWN OPTIONS
START TO FIND WHOLESALE AND DROPSHIPPERS IN UK AND ASIA
START LOOKING AT YOUR COMPETITION AND DECIDE WHETHER TO STICK
START LOOKING AT AMANDA O’BRIEN’S SITES TO LEARN MORE
START AN ACCOUNT WITH TERAPEAK, ESOURCES & WHOLESALE FORUM
Thanks for reading How To Find A Profitable Niche Online With Ecommerce. I hope it has helped you a little.