There is never anything easily called “Best” product to export from China to Europe or anywhere else in the world for that matter. It will all depend on your goal or reason for importing the product.
What is your goal?
- Is your goal to sell a high volume, i.e. Large quantities, of products at high profit? If so, the best product is something you or your company have uniquely developed and are currently marketing or building a brand without too much competition yet.
- Is your goal to sell a “Best”product simply a high sales volume product? If that is the goal simply do your market research and pick a product off of a platform like Alibaba. These types of products offer high sales volume but razor thin profit margins due to the amount of competitors importing the exact same products and trying to sell based on price alone.
- Is your goal to sell a product with a high profit margin, a decent sales volume and build your own successful niche? If that is the case start with products or categories that you are most familiar with. What are the problems customers in that niche face? What products are available to “Fix” those problems? What is your direct competition selling?
If you can’t decide which direction you need to establish your company, then you need to do more in-depth market research.
When you can answer these types of questions about your reasons for importing and selling, then you can start building your sales plans. Once you have decided what is the best product for you, then you face the task of figuring out how can you convince your potential customers to buy from you instead of the hundreds of other sellers of similar products?
Years ago I worked for a mid-sized company selling an extremely large range of products in a very specific niche market. The company had been started by a young man who knew pretty much everything about his market, his potential customers, his competition, and how to best market his niche to reach his target market. He learned everything based on experience. When I worked for him the company had been in business over 40 years so he was no longer a young man but was in my estimation a wise mentor. We had a large merchandising staff and attended all major trade shows looking for new products and new opportunities. He had hired a buyer with over 30 years experience in buying and merchandising but little direct experience in our niche and after the new buyer’s first trade show, the boss was asking the new guy about what he had found and experienced at the show.
The new buyer started out reviewing the show in a pretty standard fashion, Company ABC sells x types of products and these are his best sellers. Company XYZ sells y types of products and these are his best sellers. He then proceeded in the same fashion for a few more companies before the boss stopped him. He said,”We already know what those companies best sellers are”. “All we have to do is look in any of the hundreds of stores run by our competitors to see what are the most popular items”. “If you take a look at our business and examine our best sellers you would see that our “Best” sellers are the items nobody else sells on a regular basis.” “Our target customer comes to us to find those unique products, buys them at a high profit margin, and hopefully fills up the rest of his cart with all those other “popular” items while he is shopping in our store”.
And these lessons are sometimes the hardest ones to teach to someone who is just starting out in the world of retail, whether it is an e-commerce store or a brick and mortar store.