Stuck with a product - Need advice

[Yasav]

I have a fully legit product that I had hard time getting rid of. It's hugely popular but usually is being sold for $3-4 and I don't want to deal with economy shipping. I instead listed in lots of 3, 10,20,50, got many views but no buyers yet. Any advice? I am looking to liquidate it at a wholesale price.

[nickopedia]

You mention this product is "hugely popular", yet you have no buyers yet?
Seems it may be a pricing issue then?

Have you done any research on what has actualy sold, your market, etc?

[Yasav]

There's basically one seller whose listing shows 1800+ sold at around $4 and that's it. It's impossible to compete with someone like that, even though my pictures and prices are better.

[Yasav]

It's hugely popular in a way that I get tons and tons of views but no buys. And I still don't know how to deal with it. I spent $600 on the product, and it's painful. I wish I had a way to liquidate it even for a fraction of what i paid for it.

[nickopedia]

I understand your fustration. It's painful to see your competition selling a ton at a lower price and you can't move it as quickly.

Instead of concentrating on what the competition is doing, you can learn from it. You you have time for some product testing and research? Are you working with multiple accounts, or just one? Have you checked where you listings are in search (cassini) for placement ranking?

[Yasav]

Originally Posted by nickopedia

I understand your fustration. It's painful to see your competition selling a ton at a lower price and you can't move it as quickly.

Instead of concentrating on what the competition is doing, you can learn from it. You you have time for some product testing and research? Are you working with multiple accounts, or just one? Have you checked where you listings are in search (cassini) for placement ranking?

I think you misunderstood. There is only 1 competitor and he is selling using a stock photo at a higher price than I had before. My listing has a professional photo which looks awesome and the item is 35% cheaper than his. It's actually pretty high in the ranks, it's just his comes up first and ppl just buy it because it seems cheap to them.

Any suggestions about possible liquidation? Should I message sellers on EB asking to buy my inventory at wholesale price?

[bluegrass1]

auction try that

[Yasav]

Originally Posted by bluegrass1

auction try that

good idea, i'll do just that

[Shassar]

Originally Posted by Yasav

good idea, i'll do just that

If that does work try other marketplaces. I have things I sell on Amazon that don't do as well on eBay and vice versa

Sent from my Pixel 2 XL using Tapatalk

[Yasav]

Originally Posted by Shassar

If that does work try other marketplaces. I have things I sell on Amazon that don't do as well on eBay and vice versa

Sent from my Pixel 2 XL using Tapatalk

i can't work out a CC solution for amazon

[Yasav]

One of my auctions just ended, sold at 50% loss...it's total insanity.

[SaiJin]

sell in lots. like 10 pcs for $40

[Yasav]

Originally Posted by SaiJin

sell in lots. like 10 pcs for $40

I've had that done weeks ago, and they all got tons of views but no bites.

[bluegrass1]

Originally Posted by Yasav

One of my auctions just ended, sold at 50% loss...it's total insanity.

if the auction ended at a loss maybe there isnt such a demand now a days .. when i am at this point i sell entire inventory at pretty much what i paid plus the shipping / eb fees . just to get money back to put into something else ..

[empirestate]

I'll buy all your products for $1 each...
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[BigCJ]

Did you check the sales history of the other seller?
I see that the top seller of a 'hot' product at higher prices usually have a sales history for the last 6 months...sometimes with nothing recently sold

[SaiJin]

Just so you know, the entire market is currently down and it just started to recover a few days ago.

[dallis]

If you're below the going price, and have great photos, and the account is in great shape, and you even show up above your competitor in search no matter what you say it's either A: NOT A HOT ITEM. B: some or all of your statements are wrong.

If it's not a hot item get rid of the inventory at a price that will recoup your costs and move on to something that will sell.

Frankly, it's far more likely that most or all of the above are incorrect: it isn't a good price, the photos stink, the title and listing are poorly written, and it's not a hot item at all.

It's often hard to accept that other people think something sucks when we think it's great. You need a third party to evaluate your listing.

[oompaloompa]

just sell in a lot or a few lots (bundles)

[quietstorm]

Find another product to source that is remotely related to this product, but you have much more faith in your ability to sell it in a speedy and profitable manner. Once you have identified this item, bundle them. Create a new listing. You now have a unique listing that nobody is capable of comparing your pricing to and essentially, a gated listing unless another seller wants to go out and get the exact same two products and list against your ASIN. I highly doubt that will happen, though.

*One important factor to note: When bundling items, Amazon policy is that there are three UPCs -- Product 1 | Product 2 | The bundle itself. Do not ever waste a UPC on a bundle. If you do choose to bundle, go to https://sellercentral.amazon.com/gtinx & request an excemption. They are not difficult to acquire.

[Yasav]

I am taking this product off EB - it's pointless. The market became too saturated on EB, while on AMZN it still a novelty.

Can someone tell me how do I get through the credit card requirement for amazon? I tried my debit but it didn't work.

[JackMoney]

Your debit card should really work, did you have funds for the auth charge?