Choose the right price range

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There are some general rules to remember when deciding how to price your products: the lower the price, the better the conversion rate. The higher the price, the more support you will have to provide. There are some real pricing strategies to determine the right price to sell your product for.

According to Andrew from ecommerceFuel , the sweet spot for ecommerce products is $100 to $200. Richard from ABLS believes it’s $75 to $150. In my experience, the sweet spot is $40 to $60, with a 200% markup.

In the $40 to $60 price range, profits are high enough to cover marketing costs of up to $20 per sale. Conversion rates are generally higher in this price range than in higher price ranges because it is easier for the vietnam email list customer to make a purchase. Customer support is typically less with less expensive products.

For these reasons, you are more likely to have a successful store in developing markets. With Chinese dropshipping, you can sell products anywhere in the world. However, you should keep in mind that while $30 is a normal price for people in the United States, it could be a very high price for countries in South America or Eastern Europe.

A little trick: Trying to sell your products in developing (and often overlooked) markets can be a great choice, which would mean less advertising costs and fewer competitors, which translates into a higher return on investment. Don't worry about language barriers .
It might therefore be a good idea to research information and data on different markets, to decide where it might be most profitable to sell your products.

Go through your list of ideas and eliminate any products that cost more than $60.