Profitable products to sell on Amazon

The key word is profit: it’s relatively easy to “sell” products (just sell smartphones or tech products), but your profit margins will be horrendous.

What most people don’t realize is that the money you “collect” from businesses is only part of the story.

“Full” retail purchases generate gross revenue. To determine profit, you have to take into account COGS (Cost of Goods Sold) and any additional “administrative” costs, such as advertising, warehousing and personnel costs.

While the allure of the “digital” realm has led millions to venture into its depths, it is not the only one. To maintain health (and viability), it is still necessary to keep profit (bottom line) rather than gross profit (top line) in mind.

The “online” business world is a true reflection of its “offline” counterpart, which means that if you want to take advantage of the plethora of opportunities created with Amazon, YouTube, etc. – you’ll want to look at how they work…as “marketplaces.”

YouTube is an entertainment marketplace, Twitter is an attention marketplace, and Amazon is a commodity pricing marketplace. If you understand this레깅스룸, you’ll be in an advantageous position to determine a more effective way to provide solutions to participants in those marketplaces.

Supply/demand …

The most important thing to understand is that everything depends on supply and demand, the cornerstone of a “free market.”

Supply and demand asserts that if there is demand, supply will surely follow….. Oversupply drives “prices” down. Too little supply drives prices up.

Most important is to consider how demand is created/influenced.

Demand is the cornerstone of whether a “product” will sell, and is the reason “tech” products always do well on the Internet (because people want to make sure they are getting the latest and greatest components).

So when you think about what to “sell” on Amazon, you’re basically looking for products that are in demand and in short supply. The supply situation may not be indicated by high prices, but people will generally shy away from “non-essential” purchases or ask for variations of the solutions offered.

The important thing to keep in mind is that most people focus on “supply” (usually an oversupply), as seen in products that have many buyers or many sellers (“smartphones” are a good example).

By selling an “equal” product, you may get sales, but you will almost always not make a profit. In my own experience in the “tech” space, profits are minimal because the volume is so high. Unlike, for example, the furniture sector, where volume is relatively low, profits can be much higher.

The point is that the “price” you get on one of the modern platforms depends largely on the quality and veracity of the solution, rather than whether other companies already offer it.

Therefore, below are some of the most effective solutions/products to sell on Amazon:

ACCESSORIES For popular products.
This works especially well for smartphones, computers and game consoles/games. If you find a popular product (especially a game), you should be able to find free accessories for it. iPhone cases were very good for this between 2013 and 2015.

Well-funded Kickstarter products.
Kickstarter (crowdfunding platform) is a goldmine for curious Amazon retailers. Not only do you have SPECIFIC lists of products that have been funded (and the actual data to back them up), but you have a blueprint of products that a market will actually want. Some of the best categories for this are in the “creative” space: books and board games. Of course, the caveat here is NOT to copy the products in question, just use them as an observation point of what you could buy/get done to supplement the demand that they have demonstrated exists.

Virtual products in a box
If you can get STEAM codes cheaply, why not pay some money to get them in a box? How about finding some “guides” that sell well on the ClickBank marketplace (there are a LOT of game guides there for, say, World of Warcraft Gold, etc.)? A good trick is to find a virtual product that is already selling and then make a physical copy. Of course, you are not allowed to copy the other product. If you have nothing to add, buy their book and rewrite it or something. The point is that you have to make a unique offer to a new market, with an already proven demand.