How to Expand the Range of an Online Store Without Risk

The result is a table where one axis shows the profitability of goods, and the other shows the demand for them. Goods with high indicators should make up the main assortment, items in the middle should be auxiliary, and the lowest on both scales will be new products that have not yet gained popularity, or illiquid products.

The same can be done not only with individual items, but australia data also with certain categories of goods: to understand which section of the online store works for your profit, and which urgently needs changes.

Now you know that expanding your catalog is not a problem, but a new opportunity for your business. But the fear of going broke when buying a new product has not gone away. With the standard scheme of "buy the product - bring it to the warehouse - sell it to the buyer" you will still have to freeze your own money without the certainty that the product will be bought.

However, you can use another business model, which does not require spending money on purchasing, logistics and storing goods - dropshipping. With this format of work, the dropshipper seller is only engaged in attracting customers and sales, and the dropshipping service covers the rest of the issues.

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