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more hours into finding products. For me its quite hard to find good products. With good margins..
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I'm curious, are you aimlessly searching Alibaba, AliExpress and DHGate...etc just looking at hundreds and hundreds of products? I ask because you may need to do something as simple as going for a walk outside and seeing what people are doing, buying, talking about...etc<br />
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I'm also in the product research portion of my Ecom business and the first product I found was literally looking at me when I walked into a Starbucks, I've ordered a few samples and realized I wasn't happy with the margins although the cost to purchase was about 75% of what I could sell it for (product was 5.35 to make, resale was around 25.00 not including shipping) I let it go though.<br />
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Why?<br />
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Because I bought and read <a href="https://www.thefastlaneforum.com/community/members/26072/" class="username" data-xf-init="member-tooltip" data-user-id="26072" data-username="@Walter Hay">@Walter Hay</a> book and I read through some of <a href="https://www.thefastlaneforum.com/community/members/8202/" class="username" data-xf-init="member-tooltip" data-user-id="8202" data-username="@Vigilante">@Vigilante</a> older post from 2013 that are still being posted on in 2017 and realized there was just too much competition and my margins would probably start to shrink once I got my first order.<br />
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It seems like you might need to read through <a href="https://www.thefastlaneforum.com/community/members/20197/" class="username" data-xf-init="member-tooltip" data-user-id="20197" data-username="@ddall">@ddall</a> 's progression thread from 2014, he literally lays out what he did to get started, his thread helped me tremendously.<br />
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Lastly, when you are looking for a product, even if there is some competition 0-2k think about what you can change about the product to make it better, for example - I found a product that millions of people use, that I would never use - I went to Starbucks and sat down and waited till someone came in with the product that I was thinking about selling. I asked this person what they liked about the product and what they hated about the product.<br />
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I then went home and looked at all the negative reviews (as <a href="https://www.thefastlaneforum.com/community/members/23/" class="username" data-xf-init="member-tooltip" data-user-id="23" data-username="@biophase">@biophase</a> does) and figured out what I could do to make it better based off the negative review and what this person told me in out 3-minute chat.<br />
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I'm in no way an expert but I tend to look for a product that has a margin that is at least 3x what I can buy it for, if I can get it for 5.00usd the least I will sell it for is 25.00. I do not think if you buy a product for 8.00 and sell for 20.00 is going to be difficult because shipping will eat your margin and branding will eat the rest. <br />
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Try thinking outside the box or try searching for things you wouldn't use or try just going for a walk somewhere there are a good amount of people and see what they are using (not cell phones). The first product I found was a product my sister-in-law ordered, I walked into the Starbucks and it was sitting on the table, it was the first thing I saw when I walked in. I was curious so I hopped on Amazon and could not believe my eyes when I saw how much it was selling for...it has over 2k reviews and people were buying them by the three's and four's....insane, I though.<br />
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Good luck buddy and DO NOT GIVE UP, business is all about starting correctly - it really doesn't matter how you start, it matters how you finish.</div>
