Optimize Physical Products Selling Online Even though digital products are easy to download, easy to store without need for extra inventory, and easy to ship to customers, selling physical products can be equally successful.
Sure, selling physical products have its own challenges, but the demand is always there for physical products.
There's a myriad of products you can sell, and many ways of selling them as well.
To get ideas on what products to sell, you don't have to go very far.
In your city or town, go out and make a list of the top retail centers or malls there.
Schedule your time, and make a point to visit these stores within the next couple of days.
You will be amazed at the seemingly limitless varieties and categories of goods found there! Go to Walmart, and you can see the many categories from clothes, to furniture, to toys, and utensils.
Go to Electric City and be wowed by the many brands of electronics there, and the various gadgets available for purchase.
Go to a Mall and you can see atrium of stores there selling stuffs from antiques, collectors' items, brand name clothes and shoes, handbags, bookstores.
You are spoilt for choice when it comes to selecting a physical product to sell! The first thing to do in a marketing strategy is to analyze and select a category to compete in.
E.
g.
you may want to sell toys online, and you need to understand the category basics, competitors, fads and trends, good selling brands.
You also need to understand thoroughly the mindset of purchasers of toys, who are mainly adults.
Then you need to look into the logistics of the process, such as how much storage space you need, where can you store the goods, and whether drop ship services are available.
For storage, you need to setup a proper system for inventory of goods.
You can set up product codes and bar codes for easy pick up and storage of items in an organized way.
Also, check on the needs of storage, such as bulky toys, which may need extra spaces, or clay toys, which may need to be stored in a room cooled to below room temperature.
For fragile toys, you may need special packaging such as bubble wraps, polystyrene wraps to protect the toys from knocks during shipment.
Then, you will need to liaise with a shipment company for optimized shipment costs.
In conclusion, do consider physical products as potential items to sell on the internet.
You can specialize on certain items like toys for kids from 3 to 8 years old only, or offer as many products as you can in your category.
It's your call.
Experiment with your selling items, prices and targeted customers, and you will definitely find the right combination of strategies for your success online.
Sure, selling physical products have its own challenges, but the demand is always there for physical products.
There's a myriad of products you can sell, and many ways of selling them as well.
To get ideas on what products to sell, you don't have to go very far.
In your city or town, go out and make a list of the top retail centers or malls there.
Schedule your time, and make a point to visit these stores within the next couple of days.
You will be amazed at the seemingly limitless varieties and categories of goods found there! Go to Walmart, and you can see the many categories from clothes, to furniture, to toys, and utensils.
Go to Electric City and be wowed by the many brands of electronics there, and the various gadgets available for purchase.
Go to a Mall and you can see atrium of stores there selling stuffs from antiques, collectors' items, brand name clothes and shoes, handbags, bookstores.
You are spoilt for choice when it comes to selecting a physical product to sell! The first thing to do in a marketing strategy is to analyze and select a category to compete in.
E.
g.
you may want to sell toys online, and you need to understand the category basics, competitors, fads and trends, good selling brands.
You also need to understand thoroughly the mindset of purchasers of toys, who are mainly adults.
Then you need to look into the logistics of the process, such as how much storage space you need, where can you store the goods, and whether drop ship services are available.
For storage, you need to setup a proper system for inventory of goods.
You can set up product codes and bar codes for easy pick up and storage of items in an organized way.
Also, check on the needs of storage, such as bulky toys, which may need extra spaces, or clay toys, which may need to be stored in a room cooled to below room temperature.
For fragile toys, you may need special packaging such as bubble wraps, polystyrene wraps to protect the toys from knocks during shipment.
Then, you will need to liaise with a shipment company for optimized shipment costs.
In conclusion, do consider physical products as potential items to sell on the internet.
You can specialize on certain items like toys for kids from 3 to 8 years old only, or offer as many products as you can in your category.
It's your call.
Experiment with your selling items, prices and targeted customers, and you will definitely find the right combination of strategies for your success online.