Are you planning to start an online business? Then you must get ready for an exciting journey. However, as you prepare, note that launching an online business isn’t as easy as it may sound. No matter how many skills that you have or how much experience that you might have acquired, you are bound to run into challenges en route. One of those challenges would be finding the most sold items on Amazon or any other eCommerce marketplace. Fortunately, in this article, you can learn how to find the most sold items on Amazon, eBay, and Walmart. Keep reading!
Finding the most sold product in the world is essential to your success online. There are millions of products and suppliers out there and one would be wondering where do you start? The competition is fierce, consumers’ needs are changing, different products are in saturation, and all of that. Yes, we are aware but there is no escaping this route if you want to sell online. It makes sense to set up a store but without the right products in your store, nobody is going to buy. So, you want to pay attention to this guide to get some inspiration.
8 BEST WAYS TO FIND THE MOST SOLD PRODUCTS ONLINE
Before you start to brainstorm your business name or even the design of your online store, you will first need to find what products to sell. This is crucial as the success of your business hugely depends on the decision you make. In this section, we discuss eight ways to find the most sold products online, focusing on Amazon, eBay, and Walmart.
FINDING THE MOST SOLD THINGS ON AMAZON
Here’s how to find the most sold products on Amazon.
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Conduct market research
There are hundreds of niches that you can choose to sell but conducting market research will save you a lot of guesswork. Top online marketplaces like Amazon, eBay, and Walmart have bestseller lists that can help sellers to know the most sold products on Amazon or other platforms. You can also explore Instagram, Pinterest, and other social media for inspiration. When you find a niche, you can also conduct keyword research to help you learn more about the viability of the products. The most sold products on Amazon will surface after conducting thorough market research.
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Find products that shoppers crave for
Consumer craving is a very strong feeling that retailers can explore. Everybody is obsessed with one thing or the other. While this may vary for different individuals, certain things are consistent among different shoppers. Shoppers often spend more on products or brands that understand and fulfill their obsessions. Take Apple for example. Almost 1/3rd of gadget users have one or more apple devices. It could be an iPhone, a Macbook, an iPad, or an iPod. This is because Apple has successfully learned how to capture the emotions of its customers over time. Therefore, selling or dropshipping any Apple product would be a recipe that never fails for your online business. Note that Apple was used as an example; we advise that you discover yours!
FINDING THE MOST SOLD THINGS ON EBAY
Here’s how to find the most sold products on eBay.
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Follow trends
Looks can be deceiving but trends never lie. Keeping up with trends is an effective way of identifying the right products to sell on eBay. It can give your business a huge advantage over competitors. Here’s why. As soon as a product starts to trend, sellers begin to rush orders and the market tends to become saturated. Savvy retailers usually take advantage of an emerging market and carve out a niche for their business. The idea is to stay up to date on trending products on eBay. Interestingly, there are free tools that can help you find trending products. Google Trend can provide information on trending products on eBay at a specific time. You can also use Google Keyword Planner if you already have a product idea. For example, if you are looking to sell a trendy gadget product, you could think laterally and come up with complementary or alternative products that other sellers haven’t thought of yet – e.g. Bluetooth pods.
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Ask/get the following
When finding the most sold items on eBay, there are important questions and statistics that you need to ask and know respectively.
Who are your potential customers?
What is the potential size of your market?
What are your potential sales and profit margins?
Having answered these questions, you need to research the average price of the product, the sell-through rate, and the competition for the products you have chosen.
Average price: This is the average price for a product that is being sold on eBay in the last month.
Sell-through rate: This is obtained on eBay when you compare the number of successful listings with the total number of listings for a particular product in the last month.
Competition: Competition is collated based on an analysis of the total number of listings and sellers for any given product. Beginners are advised to avoid selling products that are highly competitive in the market. You can use online tools to analyze data from eBay to determine the profitability and viability of products.
Having browsed through the average price, sell-through rate, and competition, you can select a product to sell on eBay.
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Find products that you and people are passionate about
When researching for a product to sell on eBay, you must invest in a product that you are emotionally attached to. Having a passion for a product will drive your business to success. Emotionally investing in a product will make your business extremely valuable and help you stand out from competitors. In line with this, ensure to find products that people are most passionate about. This will give your business a huge advantage as you will have the opportunity to establish yourself as a leader within the market.
FINDING THE MOST SOLD THINGS AT WALMART
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Product guidelines for the most sold items at Walmart
If you already have some product ideas to sell at Walmart, you can run these ideas via a set of product guidelines. Top sellers adhere to these guidelines to get an ideal product that will attract customers and minimize risk. Below are a few QnAs that will help you:
Is the product large or lightweight? You must avoid robust products and stick with easy-to-ship lightweight items.
Is the product easy to source locally? Locally sourced products perform well and will save you a lot on the shipping fee.
Is the retail price high or low? The statistic shows that products with low retail prices e.g. $15 - $125 usually have a high-profit margin. Beginners are advised to avoid products with high retail prices e.g. $750?
Is it seasonal? Seasonal products only perform well during the season. Avoid this sort of product and look for all-year-round products to dropship or sell. Note that there are some exceptional cases of seasonal products such as Christmas & Halloween costumes – highly profitable items that can guarantee profit margins of 100%. However, you will want to have a variety of other products to keep sales going when the season is over.
Is it a trendy product or growing market or a stable market? Depending on the option, you can tweak your product and business to make a profit.
An ideal product to sell at Walmart would be between $15 and $200 with a profit margin of at least 20–40% across all seasons. Although there are exceptions, depending on the niche you’ll find yourself. The idea is for you to be a good student of the market and tweak your products accordingly.
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Identify or create products that solve a problem
The most sold item in the world is one that solves a problem. When you are brainstorming ideas for a profitable product, it is a good idea to find one that can solve a problem. A good start would be to reflect on problems in your life before jumping into other people’s problems. You might stumble upon a product that people are desperately in need of. This way, you are offering something of value and in turn, you will get huge traffic and sales.
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Find products with branding potential
Finding a potential product that you are passionate about or one that solves consumers’ problems isn’t enough. The right product to sell should also have branding potential in the eCommerce world. Branding is very important for your online business; crafting one ought to be recognizable and memorable. Your brand should be able to resonate and compel potential customers in such a way that they will easily buy from you. Without a brandable product, potential customers may find it difficult to relate to your business.
6 MOST SOLD ITEMS ON AMAZON/EBAY/WALMART
Within 2 years, around 80% of online businesses fail mostly due to lack of knowledge, inexperience, and wrong product selection. By finding the most sold product in the world, you will help your business take off like a tornado even when you may lack experience or technical know-how.
What is the most sold item on Amazon?
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Books and Music
Starting as an online book store, Amazon is now the largest eCommerce marketplace in the world. Where else would anyone rather sell books or music if not on Amazon? Coupled with the fact that the amount of illegal downloading of both music and books is increasing, books and music are typical low-priced items to sell with high-profit margins. Online bookselling keeps ranking over the years as it is easily distributed [no shipping fee incurred] and as technology keeps evolving, hard copy books will soon be a thing of the past. In the same manner, the way music is bought and sold is evolving. With platforms like iTunes and Shopify, selling music online doesn’t seem like an ending project.
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Tech-related products
In this technological age, gadgets are being manufactured daily. Everybody loves a piece of gadget I mean, who doesn’t? From smartphones to smartwatches, drones to spy cameras, wireless doorbells to wireless padlocks, Bluetooth headsets to headphone speakers, kids’ toy cars to phone cases/accessories, and so on, selling a piece of technology can be fulfilling and lucrative. Ensure to partner with a reliable dropship supplier to avoid product defects.
What are the most sold items on eBay?
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Second-hand products
Selling second-hand items remain one of the eBays’ top sellers. The only challenge is finding a second-hand product that is in great condition. Beyond that, there are endless opportunities when selling second-hand stuff on eBay. With a good dropshipping supplier, however, you can buy quality used products that are in great condition. To those who are ready to dropship second-hand items on eBay, clothing, books, electronics, toys, appliances, homeware, etc. are profitable ideas for your business.
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Fashion products
Anytime, any day, fashion is the best-selling industry in virtually every part of the world. Yes, the experience in this industry cannot be matched in almost any physical shop; yet, the demand for fashion items cannot be overemphasized. Don’t be afraid to dropship pants, jackets, sweaters, t-shirts, polos, sneakers, hats, hoods, ties, socks, etc. on eBay.
What is the most sold item at Walmart?
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Educational courses
Already a popular niche, the covid-19 pandemic has contributed heavily to making online learning even more popular. This has birthed several e-learning course platforms in addition to Udemy and Alison. Nowadays, it is easier to get a degree or certificate without going to a physical school. Therefore, as e-learning is taking over general education, the demand for online education is on the rise. If you have the skills and knowledge to train other people about something, then you could create online training materials [in form of pdf or videos], sell online, and make money. E-learning has a bright future and the flexibility that it offers even makes it a good online business model.
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Trips and tourism
It is hard to elude this industry in a list of the most sold items in the world. The tourism industry has adapted well so far. If someone isn’t buying a plane ticket, they are booking a tour, and if they are not reserving a hotel, they are planning a trip for someone else. This industry is huge with a lot of opportunities. However, this is a very competitive market. To stay ahead of the competition, you need impeccable customer service, unique content, and SEO. Not everybody has the time to book tickets or hotels which makes this industry a huge point of favor. You could book flight tickets or run a trip and tourism blog.
BONUS TIP: FINDING A SUPPLIER FOR YOUR PRODUCT
Finding what is most sold on Amazon, eBay, or Walmart is the first step, choosing a reliable supplier from which to source that product is the other. There are numerous dropship suppliers out there and the best way to choose one is to contact them directly and establish a relationship. Experts recommend contacting as many suppliers as possible to negotiate the best deal. If you don’t have the time for this, you can try out the SaleYee platform.
The SaleYee platform is a recommended dropship wholesale supplier that with a mission to making dropshipping easier for every online seller, including beginners and experts. SaleYee.com vets all of the suppliers in its directory, which provides sellers with an extra layer of protection. Below are some unique features of the SaleYee platform.
- Over 30,000 profitable SKUs
- Responsive customer service – swift to response 247, no downtime
- 650,000+ sq.m. local warehouses in the United States, the United Kingdom, Europe, and more
- Fast & free delivery to your customers anywhere in the world
- Free membership
- Huge discounts on seasonal products
- Up to the 3-month after-sales period
The most sold items on Amazon, eBay, and Walmart can be found here at discounted prices. Visit the SaleYee platform.
WRAPPING UP
With these most sold items at Walmart and a reliable dropship company to partner with, nothing is stopping you from creating your online store. Take note of highly competitive markets and carve out a strategy to set you apart from your competition. There is a chance to succeed in every industry if you can distinguish yourself and be consistent.