Results 1 to 5 of 5

Thread: choosing the right product?

  1. #1
    Join Date
    Aug 2007
    Posts
    22

    choosing the right product?

    I can't seem to find the right product to sell. Currently i'm thinking of selling gaming mice, but i'm very sceptical whether i can compete in any kind of electrnics market. I have about $50k to invest in my business. Can anyone give some suggestions on choosing my niche?

  2. #2
    Join Date
    Apr 2011
    Location
    Largo, FL.
    Posts
    433
    There is wayyyyyy to much competition for you get anywhere selling mice. 50k would maybe allow you to buy a couple of mice at enough of a discount to be able to compete with the big players...

  3. #3
    Join Date
    Jul 2012
    Location
    India
    Posts
    100
    Well business is all about profit on investment, and everyone knows.
    Profit=Selling price(S.P)-Cost Price(including all expenses for production and selling )

    You have to increase selling price or minimize cost prize according to the market for your product,
    If there is no margin in the product you have to change it. and try to find out other product which have good demand and make it to purchase in well discounted rate for selling.

  4. #4
    Join Date
    Jul 2012
    Location
    India
    Posts
    100

    Right Product for sell.

    Well business is all about profit on investment, and everyone knows.
    Profit=Selling price(S.P)-Cost Price(including all expenses for production and selling )

    You have to increase selling price or minimize cost prize according to the market for your product,
    If there is no margin in the product you have to change it. and try to find out other product which have good demand and make it to purchase in well discounted rate for selling.

  5. #5
    Join Date
    May 2013
    Posts
    84
    I would suggest you to do proper market research before entering into any business. See whether you are in condition compete with the competitors or not, then only invest money.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •