Online product sales are a huge market in Turkey. Most of the new business owners, entrepreneurs, and even those who want to make money without capital search for products they can sell online. We have prepared this article, which is a guide for those who say “What can I sell on the Internet”.
Should I sell the items I don’t use in my house? Or should I just search online and find suppliers of the products I like and sell them? Selling products online is shown as the easiest way to make money. We are sure that you have seen “the fastest way to earn money” advertisements on websites such as eBay, amazon and intimidator from the owner.
It is perfectly normal to get caught up in such misleading advertisements and want to start your own online business with high hopes. It is a fact that you can be successful by selling products online, but this does not mean that you can easily sell any product you want to sell and guarantee money. There are two important points in online product sales. The first is to choose the right types of products and the second is to know where to find those products.
1- Choosing the Right Products for Online Sales
The biggest common mistake of internet vendors is that they choose the products they know best or desire most, which is not the right approach. Trying to sell a product that you often see as a good idea and that is right for you reduces your chances of success. You ask why? Because when you sell online, you sell in a real shopping environment. Selling in Turkish Online Store is real business, and real business does not depend on guesswork, guesswork, and personal preference. If you want to open a new online store and compete in the world of sales, the ONLY way to decide which product to sell is to do market research. You have to determine whether the product you want to sell is marketable or, if so, how much an initial budget you need.
For example, most new vendors have an interest in electronic devices. They find a supplier selling MP3 players and spend a lot of money launching their new online shop. Afterwards, months pass without making any sales and they are confused as to why they cannot sell even though they spend a lot of money. What they do not understand is that other online sellers in the product market they enter will lower the wholesale price because they purchase in bulk, and if you drop shipping the products (sellers find the buyers, collect the address and the price of the product from the customer, the product price and the mailing address directly to the supplier. If you try to sell the product with the difference between the price it buys and the price it sells, your prices will be more expensive than the prices of other sellers. New sellers trying to sell these types of core goods often fail because they cannot fight against the established sellers who run the online marketplace.
2- Finding Products to be Sold Online
Let’s say you have chosen the right product to sell and it is time to find this product. When researching online products to sell, you need to find “renewable” resources. This is where you will need a supplier.
Whether you are selling by drop shipping or wholesale. As a reseller, your goal should be to find a permanent supplier that will give you the best wholesale prices and can supply you repeatedly. It is very difficult to find real suppliers on the internet because real suppliers rarely advertise on the internet.
However, let us warn you in advance. 99% of the ads about these suppliers do not belong to legitimate sources. Most of these are brokers and the biggest reasons new sellers fail. Brokers are companies between online sellers and real suppliers. They say they are real suppliers, but that’s a big lie. Their main purpose is to get money from you. While it may seem silly, every day many new sellers fall into this trap.
Another thing to consider is the number of competitions you will have when you sell your products. According to SellerMetrics, developer of Amazon PPC management software, too much competition may hurt. To have a greater chance of expanding your market share, better focus on products with less competition, if at all possible.
When Researching Suppliers, Keep in Mind the Following:
- Real suppliers do not charge you monthly fees.
- Real suppliers do not charge you for setup fees.
Let’s say you are trying to find a product for online sales and you find a supplier that doesn’t charge you anything… They may be fake and they may not give you real wholesale prices. If the suppliers don’t give you real wholesale prices, you won’t be able to struggle in the online merchandising market.