I regularly get asked about private label products and what are the best things to start with. I’ve found that the answer largely depends on what you know, what’s affordable, and what’s in high demand. In my experience,
The best industry to get into is the one you know best
When it comes to choosing private-label products, one important factor to consider is cost. As a small business owner, you don’t want to break the bank trying to create a new product line. That’s why I recommend finding products that are relatively inexpensive to manufacture or source. This doesn’t mean you have to skimp on quality, but it does mean you may need to get creative with your sourcing and manufacturing process.
Another important factor to consider is durability. No matter what industry you’re in, you want to sell products that will last. This means looking for materials and manufacturing processes that will hold up over time. Customers are willing to pay a premium for products that are well-made and built to last, so it’s worth investing in quality materials and construction.
Part of the durability analysis is also about packaging.
How sturdy are the cartons coming from the manufacturer and what about the individual packaging that the customer will ultimately receive? Is it sturdy enough to hold up, or are you going to end up with a bunch of damaged goods in every shipment?
Finally, you want to choose products that are in high demand. This may seem obvious, but it’s easy to get caught up in a trendy product that ultimately fizzles out. To avoid this, it’s important to do your market research and identify products that have a proven track record of success and can be somewhat flexible. Look for products with high search volumes and positive reviews, and pay attention to emerging trends in your industry.
Already have your product chosen and sourced? We can help with next steps.