Conversion rates are essential to every business owner out there because they are indicators of profits and loses. In this article, we will look at the most profitable products that use skills you probably already have. All these products are low cost items that have huge profit margins. Whether you're selling your own products or affiliate products, this article is for you. But first, let's have a look at 3 ways to pick the most profitable product to sell.
How to Pick the Most Profitable Items to Sell
These three factors help to decide the best products and services to sell.
Competition -- highly competitive niches that have way too many sellers may not be the best place to venture in if you're a new business owner. This is because there's a high chance people have already committed to one brand/company therefore, it might take long to gain momentum in such a marketplace. On the other hand, some lowly competitive niches indicate that a particular product or service is not in demand. So, consider both sides when deciding which niche to get into.
Trends -- selling trendy products can help you make a lot of money fast. The secret here is to hop on trends early so that you can get as many customers as possible. Also, take advantage of online tools that can help you determine the flow of trends like Google Trends and AdSpy.
Product/service characteristics -- when deciding which products/services to sell, consider things like the price, size, durability and profit margins.
5 ITEMS THAT CONVERT LIKE CRAZY!
Here are 5 items that are sure to fetch you high profits.
Ebooks
The number of people who like to read is rising everyday. Sure, reading paperback books is not as popular as it used to be because of advancements in technology, and that's why eBooks are in high demand right now. People want to learn a new skill, delve into a little romance, know about the world's history, be informed about different cultures, learn a new language or just be knowledgeable about certain academic concepts. If you offer something valuable in a book then people will be sure to buy it. Some eBooks don't even require you to go through the lengthy process of publishing like hard copy books do. You can literally write an eBook and release it to the public in a week! Going the extra mile of producing an audio version of your eBook will set you apart and earn you more profits. Websites like ACX can help you convert your book into an audio. There are many platforms you can use to sell your eBook like Amazon, Digistore24 and many more.
Pottery and Ceramics
People love to decorate their homes and offices with beautiful pieces of handmade products. Some of the pottery items people like to buy include mugs, wall arts, bowls, pots and wall arts. Creating pottery can be a fun, creative and peaceful ritual therefore, motivating one to create and sell more pieces. There's a high chance most of us don't know how to create pottery and ceramics, me included. No worries, there are many resources online that you can use as a guide. You can also use this video to get you started. Another alternative would be to buy simple pottery and ceramics items, add a decorative touch to them and sell them.
Baby Products
Our population keeps growing and growing meaning that babies are increasing everyday. This can be a good market to explore. Besides, every parent wants to buy their child nice things that can serve them well. Reselling baby clothes may not be the best idea because most parents want to get fresh and new items for their babies. I'm sure you would want that for your child too. Some of the best baby products that sell the most are nappy disposal systems, handmade toys, sleep trainers, baby walkers, car seats, nursing pads, story books, safe crib mattresses and baby utensils. Taking care of an infant can be quite an exhausting and difficult experience. That's why another good idea would be to create products for mothers and fathers to use in order to make their parenting easier. For example NoseFrida, Neat Solution Table Toppers and Halo Sleep Sack.
Mobile Apps
Mobile apps are a good business idea especially in this fast-paced technological world we're in now where almost everyone uses a smartphone. Mobile apps play a huge role in our day to day lives. Think about it. Apps like Uber, Google, App Store, Play Store, Jumia etc. are used multiple times by people on a daily basis. If you have programming skills, this might be a good place to venture in and make money and if you don't you can always learn or hire someone with the skills. Here is a guide on how you can monetize mobile applications.
Online Courses
Like eBooks, online courses are in high demand. Many people want to acquire a skill that will get them a promotion, help them to make a product, guide them to start a business etc. Online classes are not just for adults, even young children and teenagers learn online. Because of the vast people using online academic materials, be sure to craft your lessons in a way that appeals to the age group you are targeting. Again, there are many ways to publicize your content. For example, you could create a website, teach on YouTube or use already existing platforms like Caplora, Udemy and Coursera.
Honorable Mentions
Beard Oil
Yes, you read that right haha. It's not just women who spend a lot of money on beauty products. Men want to look fine too. Providing products that can help men grow their facial hairs can make you profits. You may choose to create your own oil or resell the ones that have already been created. Google trends show that beard oils are mostly purchased at the end of the year indicating that they are good gifts to give men.
Gift baskets
People like to gift others but choosing the right gift to give someone can be tough sometimes. Creating cute gift bags that contain various items people like is a great idea and is sure to earn you many customers.
Minimalist Jewelry
Everyone likes to wear jewelry from time to time. What's great about minimalist jewelry pieces is that they can be worn any time, whether it is at an elite event or just on a casual occasion. Creating handmade pieces of jewelry that are also customizable is profitable not just because they they tend to be affordable to many people but also because people love handmade products.
Bedroom Products
Everyone wants to be as comfortable as possible in their bedrooms. So making quality beds, mattresses, pillows and other items that can make someone enjoy their time in the bedroom can be highly profitable. Besides, making fluffy and comfortable pillows is easier than you might think. Check out this tutorial.
Fitness Equipment
The fitness industry is booming right now and that will probably be the case for many decades to come. Fitness products and equipment can be as simple as a wrist band or as complicated as a treadmill. Depending on your level of skills, you can decide what product to make. Fitness products can also be software such as fitness apps or YouTube videos.
Furniture
Furniture is needed in every home and office. It's no doubt the demand for furniture is high and continuous. Making beautiful furniture like gazebos, benches, pergolas and garden furniture can be highly profitable.
When considering which product or service to sell, remember that quality products always keep the customers coming to you. Creating a new product from scratch can sometimes take too long and be frustrating. I recommend selling already existing products for a start. You can learn more about that here.
That's all we have for today. Do you have any other product ideas that fetch high profits? Share your thought in the comments and forum. Until next time, see ya!