6 Profitable product ideas to sell on Amazon
Today digitalization has simplified the selling process online and it is developed to the point where anyone can sell anything easily, across the sphere and this has unlocked the gate that leads sellers to the path of growth and development.
Amazon is called the largest online marketplace, not for nothing, it indeed is. Amazon itself sells more than 12 million products and when we include Amazon sellers, this figure increased to 353 million products. Given these numbers, it is extremely confusing for the seller to pick the most profitable products deal.
With appropriate research, one can determine what to sell on Amazon, but that is not enough, a simple trick to establish a position on Amazon is to select the product which picks your interest as well as have a high profit margin with the scope of further growth potential.
So here is the list of most profitable product ideas to sell on Amazon, while laying out the strong foundation for the marketplace.
- Books – Do you know that in 1994, Jeff Bezos had launched Amazon by selling the books first and today even after the long period of 26 years; books are still the profitable product to sell on Amazon. But remember if you want to intensify your revenue, then it will be quite difficult to increase it by selling books only.
The reason begins that with the emergence of eBooks, the sales of books are comparatively decreased. Yet if you want to increase your business area, then you can opt for selling books on Amazon as it has a high-profit margin.
- Fashionable apparels/clothing - It is safe to say that there will always be the clothing market. Go to any e-commerce website, you will find a large market for apparels. Therefore, selling apparels is one of the profitable products on Amazon, since it also offers a ceaseless market niche for your marketplace.
Since fashion and apparels segment bestow sellers with unending opportunities, the competition is also fierce. So be ready to put extra efforts in your overall marketing strategy while ensuring effective after-sales service to provide an incredible experience to your customers for retaining them to mark your visibility on Amazon.
- Voguish accessories – Another profitable product category is accessories for both men and women or you can also go for gender-neutral accessories. By taking advantage of unique long-tail keywords and generic keywords, you can build a strong pillar for the development of your marketplace. It has a high-profit margin and is something that people always look forward to buying.
Besides, many people tend to give accessories as a gift to others, so by adding a few glittering aspects, a seller can attract more relevant traffic. But not to forget, the market for accessories is also pretty huge on Amazon, so you will have to be more careful with your marketing strategy.
- Beauty and personal care products – Another growing segment in the consumer market are beauty and personal care products. Today, there is a vast variety of this product for both men and women almost at every price range. Amazon sellers by offering products on grooming and personal care can turn their small business into a successful venture.
Also, in the present scenario, the demand for natural and organic beauty products has been intensifying. So if you have interest in this category; tighten your seat belt and set out on the journey of converting customers’ demand into an affluent business venture.
- Baby products – It may be shocking for you to know that the market for baby products in 2017 was valued at $ 10.91 billion in 2017 and is expected to reach $16.78 million by 2025; clearly indicating that the segment is profitable. The benefit of selling baby products for Amazon sellers is that it is light weighted, durable and is always in demand; meaning your maintenance cost will be low.
Therefore create an effective marketing strategy for your target market, who are budding parents. If there are any side effects, state it clearly because needless to say, that every parent wants to provide the best to their children, thus be sure of what you are presenting and promising to offer.
- Technological and electronics appliances – In the age of smart technology, a variety of new devices are coming out in the market all time. Even if the customer went through all the local markets, 43% of them ended up buying from Amazon. The demand for these products is huge and gadgets freaks usually want the latest model.
The common products under this category are television, laptops, mobile, digital watches, headphones and their accessories. So if you have the potential to manage all these smart gadgets or if you are technology enthusiasts, then go for selling these products and make the most out of it.
Selling a profitable product doesn’t mean that you can easily get the profits. In fact, you need to put extra efforts, since being the profitable products, many Amazon sellers opt for these categories increasing the level of competition. So buckle up and be ready!!
Amazon is full of opportunity and, with effective planning, you can optimize it to its maximum.
To support the sellers, Amazon has its own Service Provider Network that assists the Amazon sellers in carrying out their business operations while complying with the guidelines issued by Amazon.
Evantage is one of the best Amazon Service Providers that supports this entire chain of events leading to marketing and demand generation for your Amazon store, excellently. We dispense the wealth of our experience to provide you with the best Amazon E-commerce solutions.
Lead your journey with us!!