For eCommerce, how to research COGS and price for my business model?

[Gnark Gnark]

I am currently trying to test out my business model by estimating my potential margin and annuals sales.

My current method is to manually scour dropshipping/wholesale platforms for a product that fits my model and then finds its selling price on a set of online stores (bottom price (amazon), medium brand, luxury brand).

My challenges are:

• finding brands that fit with my business model (high quality stem toys built in developed countries)
• efficiently searching dropshipping/wholesale platforms
• I have been researching product tools but find most focus on trendy “winning products”

What is an efficient method to determine costs of goods, sale price and the number of sales possible?

Are there any services or tools that you would recommend for this purpose?

 

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[PowerJen]

I would recommend an accountant with a business mind. That sort of thing is very hard to know if you havent had the broad number of clients all doing similar ecommerce models, ie. an accountant would know the numbers more than anybody. Some are even very affable about consulting and wont charge first 15 minutes but will after that.