To be honest, I don’t always like to play by the rules. I’m not talking about doing illegal things. Going to jail to earn a little more money is one of the stupidest things you can do. No, I’m talking more about following recommended steps to achieve certain objectives. In this post I am going to tell you the steps to follow even though we have not followed them to the letter with this first product. At the end of the post I will also explain why.
Sales ranking
Sales ranking The sales ranking tells you whether a product sells a lot or a little. A low number indicates more orders than a high one. Depending email contact list on the category in which a product is located, there may be more or fewer sales behind a low sales ranking. Tools like Helium10 or Junglescout give you clues with estimates on annual sales. You should look for a product that has the potential to bill 5,000 euros per month or more.
Margin and ROI
Margin and ROI Production and import costs are equally relevant to give you an idea if you have a potentially winning product on your hands. If there is no margin, you don’t have it. Recommended is 25%. I also tend to pay a lot of attention to the ROI. My magic BSB Directory number in this context is 50%. A product has to exceed this figure to be attractive. When I invest 100 euros, I want to achieve a profit of 50 euros.
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