Hello all,
I recently discovered a particular niche while researching another business idea go figure LOL. This product has all the right things... small, easy to ship, low cost, MOQ is cheap , and AMAZING margins. Except, there are a few major players in the market. The product is also being sold on amazon by many. Is it worth the time of attempting to establish a brand given the upside or due to the major players and amazon saturation not waste my time.
I would mainly build the brand through Instragram, Facebook, and social media influencers.
For context. Product cost under $1 ... potential retail $10-30. Competition price ranges below $10 and above the $30 mark.
I recently discovered a particular niche while researching another business idea go figure LOL. This product has all the right things... small, easy to ship, low cost, MOQ is cheap , and AMAZING margins. Except, there are a few major players in the market. The product is also being sold on amazon by many. Is it worth the time of attempting to establish a brand given the upside or due to the major players and amazon saturation not waste my time.
I would mainly build the brand through Instragram, Facebook, and social media influencers.
For context. Product cost under $1 ... potential retail $10-30. Competition price ranges below $10 and above the $30 mark.
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