5 Ways To Turn A ”Cheap” Product Into A High Profit One

In this episode...

Sofeast's head of New Product Development, Andrew Amirnovin, is back with Adrian from the team. They're talking about manufacturing alchemy: taking a cheap product and converting it into a high-profit one! How can importers do this? Andrew shares 5 ways to boost your profits here.

 

Show Sections

00:00 - Greetings and introducing today's topic.

03:06 - Sell expensive or low-cost products?

08:11 - 1. Add value to the product.

16:23 - 2. Target a Niche Market.

19:50 - 3. Improve the packaging.

25:10 - 4. Upsell and Cross-sell.

30:03 - 5. Invest in marketing.

33:53 - Wrap-up.

 

Related content...

• Sourcing & Manufacturing In China For E-Commerce Sellers [Interview By Proboxx]
• 10 Mistakes New Buyers Manufacturing In Asia Keep Making
• What are your 4 options when sourcing suppliers in China? [Podcast]
• Why First-Time Buyers Fall for Trading Companies in China
• How To Reduce Risks As Your Order Sizes Grow When Working With Chinese Manufacturers?

 

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Get in touch with us

• • Connect with us on LinkedIn
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