Register Blogs Advertise with usHelp Desk Today's Posts Search

Rate this Entry

Identifying Profitable Products for Private Label

Share
Submit "Identifying Profitable Products for Private Label" to Facebook
Posted 27th July 2016 at 10:09 AM by repricerexpress

There’s not really any one part of running a business that’s easy, but consistently stocking the right inventory can be a particularly tricky one. Add in trying to find the most profitable items you can sell under a private label, and RepricerExpress definitely feels your pain. Luckily, we believe in getting the hardest stuff out of the way first and are passing on our best tips to you.

Use the Right Formula Every Time to Find Profitable Products
Too often, too many sellers try and be too abstract about the whole process of finding items for private label. But when you break it down into a simple formula, life suddenly becomes a whole lot easier. And in the name of simplicity, we’re keeping things down to just three factors.

1. Find Items with the Highest Demand Before you start digging around for that needle in a haystack, remember that pretty much the only two things you need to think of are low sales rank and highly-ranked keywords.

2. Narrow Down to Items that Don’t Have a Lot of Competition Why go up against more sellers than necessary? No no, narrow your focus down to the items that either contain few reviews (not many people have bought them) and/or have a low listing quality.

3. Finish Off with This Last Check-list: Once you’ve arrived at this step, there’s just a final small check-list to go through. Look for items that are fairly light and durable (i.e. won’t break when shipped), can be used across the seasons, aren’t strongly identified with any one or two brands, and have a price that runs between a movie ticket and pair of shoes.

Read the full article on RepricerExpress' blogThere’s not really any one part of running a business that’s easy, but consistently stocking the right inventory can be a particularly tricky one. Add in trying to find the most profitable items you can sell under a private label, and RepricerExpress definitely feels your pain. Luckily, we believe in getting the hardest stuff out of the way first and are passing on our best tips to you.

Use the Right Formula Every Time to Find Profitable Products
Too often, too many sellers try and be too abstract about the whole process of finding items for private label. But when you break it down into a simple formula, life suddenly becomes a whole lot easier. And in the name of simplicity, we’re keeping things down to just three factors.


1. Find Items with the Highest Demand Before you start digging around for that needle in a haystack, remember that pretty much the only two things you need to think of are low sales rank and highly-ranked keywords.


2. Narrow Down to Items that Don’t Have a Lot of Competition Why go up against more sellers than necessary? No no, narrow your focus down to the items that either contain few reviews (not many people have bought them) and/or have a low listing quality.


3. Finish Off with This Last Check-list: Once you’ve arrived at this step, there’s just a final small check-list to go through. Look for items that are fairly light and durable (i.e. won’t break when shipped), can be used across the seasons, aren’t strongly identified with any one or two brands, and have a price that runs between a movie ticket and pair of shoes.


Read the full article on RepricerExpress' blog
Posted in Repricing, Ecommerce
Views 383 Comments 0


All times are GMT -6. The time now is 07:16 AM.