How Serious Entrepreneurs Approach Product Selection
CategoryNews Briefs
It mainly comes down to the following aspects:
1. Can you communicate well with suppliers and maintain a steady supply?
2. Start in a niche market where competition is low, making it easier to enter and understand the transaction dynamics.
3. The learning curve is low for you—you can pick it up quickly, and once you know how to pitch it, you can actually sell it.
4. Focus on high value-added products (especially those that can spawn complementary accessories) to boost revenue.
5. It should be possible to launch with little or no upfront cost.
This is the most reliable product selection advice I've come across so far.