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Would you be willing to share some information on the best methods to research products? Almost every product I have tried to source from alibaba or similar has not been financially viable. It seems that most other competitors are barely making a profit as it is. Perhaps I have looked into the wrong niches...
I can point you in the right direction but I don't know if my methods work or not since I am just in the testing phase and haven't put any products to market. So use at your own discretion.
How I do it is I use amazons best seller list and google keyword tool. First I look for items that are selling relatively well and have a decent sales rank then I use keyword tool to find out how many people are searching for this product or keywords associated with this product. For example, If you look at the top 100 sellers in home and kitchen, the top seller is a honeywell table fan. This product is ranked #1 of nearly 56,000 products in this category alone and probably nets a few hundred sales a day or maybe more. But this is a competitive product since their is over 60 people competing for the same fan and usually, the top seller gets 90% of the sales. Even though it is a good seller on amazon and this type of fan gets a lot of searches per month, this is something I wouldn't target. First, it's bulky, it has moving parts, and it could be hard to find a manufacturer for this product to private label.
Now look in the same category. Their is a Weber 6494 12-Inch 3-Sided Grill Brush that is #14 on the best sellers list. It probably sells close to one hundred or so a day based on the amount of searches some of the keywords in this niche receive in a day. The number of people competing for this exact weber brush is 21 so the competition is 2/3rds lower than the fan. Another thing to bear in mind is that this item is small, light weight, doesn't have any moving parts, is readily available through multiple suppliers and can be private labeled unlike the fan.
Trust me. Theirs plenty of products you can find on amazon that can be sold for good profits. One of the products I found and private labeling is selling on amazon for almost $25.00 and probably averages 200 sales per day. My cost for this product is around $5.50. So if my product sells, I am looking at nearly a $20 profit on each unit sold. My other products retail around $10.00 but only cost me approximately $3.00 per unit.
Just remember when looking at a product to keep it simple. Start out targeting simple products that can be easily manufactured at a low cost and have a low retail cost preferably under $50. Hope this helps