How do I Expand my Product Line Without Spending a Ton?

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I built a website a couple months back to open up an additional sales channel for a product I sell on Amazon. I only carry that one product on the site.

Having a site has been a good way for me to start developing a brand via content marketing and my social profiles, but my conversion rate is awful, even with a good amount of traffic (had around 12k unique users last month to a post I wrote, but only had one person actually buy something on my site). Frankly I don't blame users; my site looks quite clean and professional, but I wouldn't shop on a site with only one product either. It comes off like a here-today, gone-tomorrow business.

Have any fellow warriors been in this position before? Any advice on how I can expand the number or products I carry without having to buy 100s of units of stuff I haven't validated yet?

I'm guessing most people buy very small numbers of a bunch of different stuff, see what sells, then double down on the products that do well and eventually sell the others off at cost to get rid of them. I'm thinking I could get very small quantities via manufacturer samples or AliExpress. Of course, the ultimate goal is to only carry my own private label products, but I'll have to work my way up to that point I assume since most manufactrers won't private label stuff in small quantities.

Any feedback welcomed.
#expand #line #product #site #spending #ton
  • Profile picture of the author nwik
    Good to hear that your business is really doing well.

    But before you think of expansion you should consider weighing things out. Consider the demands of your products.

    Be sure it's the risk you are willing to take.
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  • Profile picture of the author Importexport
    Originally Posted by DPS96744 View Post

    I built a website a couple months back to open up an additional sales channel for a product I sell on Amazon. I only carry that one product on the site.

    Having a site has been a good way for me to start developing a brand via content marketing and my social profiles, but my conversion rate is awful, even with a good amount of traffic (had around 12k unique users last month to a post I wrote, but only had one person actually buy something on my site). Frankly I don't blame users; my site looks quite clean and professional, but I wouldn't shop on a site with only one product either. It comes off like a here-today, gone-tomorrow business.

    Have any fellow warriors been in this position before? Any advice on how I can expand the number or products I carry without having to buy 100s of units of stuff I haven't validated yet?

    I'm guessing most people buy very small numbers of a bunch of different stuff, see what sells, then double down on the products that do well and eventually sell the others off at cost to get rid of them. I'm thinking I could get very small quantities via manufacturer samples or AliExpress. Of course, the ultimate goal is to only carry my own private label products, but I'll have to work my way up to that point I assume since most manufactrers won't private label stuff in small quantities.

    Any feedback welcomed.
    I have taught hundreds of people how to import small quantities (and large) direct from manufacturers in China and other countries.

    Ignore the myths about having to buy huge quantities. Big MOQs are to deter newbies, or are to get a big profit for a trader from one sale because they know they won't get repeat orders.

    Some of my students have started off with as little as $300. That makes expansion a bit slow, but by using my "Just in Time" ordering system they can build up a worthwhile business in a reasonable time. That is helped by the huge margins they make. I can quote you from posts on the forum and from emails reporting 300% and 500% margins.

    Before considering buying from sellers on Aliexpress, (a retail site) I suggest you research and read about the thousands of unhappy buyers, for example on www.sitejabber.com/reviews/www.aliexpress.com https://au.trustpilot.com/review/www.aliexpress.com
    Ripoff Report | aliexpress Search of Complaints & Reviews

    The same sort of problems exist with Alibaba and several other B2B sites, but there are safe sites where you don't have to keep looking over your shoulder.

    Walter Hay.
    "If you think education is expensive - consider the cost of ignorance."
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    Use emotions and perceptions to build a great brand. Ask me about my book LabelsThatExploit. For safe sourcing and easy importing from 41 countries globally, see https://provenglobalsourcing.com
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