However, if you can private label something that is oversize and still have a healthy margin then go for it. A whole lot less sellers are going to be going after oversized items.Easy to Replicate This test applies more if you're needing to have a product manufactured. Basically the simpler the better as you'll have more options for suppliers.Not Many Working Parts A vacuum cleaner would be a challenging private label product because of all the moving parts, but a spatula on the other hand would be a good candidate. Price Range My suggestion for price range is between $10 and $50. If it is less than $10, FBA fees will squander much of your the gnt formula review .
If it is over $50, then inventory gets really expensive. That doesn't mean if you come across a tremendous opportunity that is outside these guidelines than you should ignore it. Just remember – these are guidelines. I have recorded two workshops called “4 Weeks and $100” with Christi Michelle, who is one of the experts in our mentoring program.
In those workshops Christi details her process of launching private label products in under 4 weeks and with less than $100. The reason I mention it here is that many of her examples are items that retail for less than $10, but the margins are insane. For example, she may find the gnt formula review for $.79 that she can sell for $8.99.
I'll take those the gnt formula reviewall day long!Sales Rank (Demand Test) Sales rank helps determine if there is enough demand for your product. For sales rank you want to see how competitor's listings are doing. If the top 5 or 10 listings all have stellar ranks (less than 1000 in my option) or thousands of reviews , the demand may be high, but you may have a tough time competing. Many of the courses out there teach that you want to find a product that you can get into the top 2 or 3 on page one.
Mine have never been in the top 2 or 3 and yet I still do well and I am happy with the results. I don't have a hard and fast rule for sales rank with the Easy Way. Obviously the lower the rank the better. Some other courses I have taken suggest not to select a product in which the top 3 listings have a rank over 5000. That's not bad advice at all. I hesitate to place strict guidelines on this because everyone's business is different.
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