(1) Product material and quality.
Product material and quality are key factors affecting product returns and exchanges. If the product is made of glass, it is easy to break during transportation, while plastic products are easy to be damaged. Therefore, such products may cost more in terms of packaging fees, return fees, etc.
(2) Whether the product is seasonal.
For seasonal products, sales will vary greatly in different seasons, which will in turn affect cash flow, which is a serious problem for some companies. Therefore, many sellers will use various promotional activities to increase sales during the off-season. If the seller’s product is highly seasonal, it is best to first consider whether the product can be sold to different countries to solve the seasonal problem. For example, Christmas trees during Christmas are very seasonal. In addition to the United States, which other countries will have demand for Christmas trees? Products with strong seasonality.
(3) Product practicality.
Before selling a product, the seller must know the practicality of the product and whether the product can solve a certain pain point of the user. Is it a temporary need or can it help them solve a long-standing problem? If a product can solve people’s real pain points, it will be easily accepted by users.
(4) The time required to turn over inventory.
If the product is frequently changed or updated, it is also a great risk for the seller. Therefore, before purchasing, you must understand the characteristics and update cycle of the product.
If the mobile phone is upgraded, it may cause the product to be unsalable. For such products, you must control the inventory.
(5) The number of times the product is used.
Some products have a long service life and the frequency of users’ repeated purchases is very low, while consumables and disposable products can be repeatedly purchased by the same user, and the frequency of repeated purchases of products is high.
Selling some products with a short service life, such as razors, socks and clothes, can ensure that users will purchase them repeatedly. Short-life products.
(6) Whether the product is perishable.
Products in the food category have a relatively short shelf life, and some products also have high requirements for the storage environment, such as health products, medicines and other products that need to be kept away from light and refrigerated.
For example, Yummy Tummy Soup Company is a company that sells homemade soups and desserts. The food they cook every day is shipped to various places in special temperature-controlled containers. Of course, this requires strong capital support.
(7) The product has restrictions or regulations.
Before choosing this product, search online or call the customs and other authoritative agencies to inquire about the regulations and restrictions of the product, as well as whether there are special requirements for import and export, such as some chemicals, food and cosmetics.