The price of a product should not telegram in the philippines decrease very quickly. An example is electronics, which sharply decrease in price when a new model is released. Focus on items whose price will remain stable over a long period of time.
Choose a niche with fewer competitors. Otherwise, you can't hope for high demand and the ability to convince the client to buy your product, despite the higher price.
Today it is very difficult to find a field where there are no competitors and at the same time you can count on high profits. In this case, you can enter a niche saturated with goods, but at the same time find and emphasize the unique properties of your product that others do not have.
The Yandex service http://www.wordstat.yandex.ru will help you assess the level of competition , which allows you to analyze how often users send certain search queries.
Be responsible when choosing a supplier. Ideally, they should accept back any goods that the buyer doesn't like without any problems, supply small lots at wholesale prices, provide payment by installments, and accept both cash and non-cash payments.
The product must be strong enough to avoid the risk of damage or destruction during transportation. It is not advisable, for example, to sell porcelain sets online. This will increase packaging costs and require hiring additional personnel. If the buyer receives a broken vase, this will not only prevent payment, but will also deprive the buyer of the opportunity to sell the same product to another buyer.
The durability of the products should be checked in advance. Take this issue responsibly, otherwise the losses from damage to the products may cover all income.
The market size must be sufficient for the purchased goods to be sold to the buyer in full. If the niche is small, this will cause overstocking, increase the period of income receipt and decrease profits. In addition, in such an area, the possibilities for market growth will be extremely limited.
If you have firmly decided to sell a niche product, then study the demand as carefully as possible and try to get as much information about the demand for your product as possible. Otherwise, you risk not finding buyers, and the batch of goods will only bring losses.
The search services GooglePlay Adwords and Wordstat from Yandex will help you find out what the demand for the relevant product will be.