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?   Get in touch with us Connect with us on LinkedIn Send us a tweet @sofeast Prefer Facebook? Check us out on FB Contact us via Sofeast's contact page Subscribe to our YouTube channel   Subscribe to the podcast  There are more episodes to come, so remember to subscribe! You can do so in your favorite podcast apps here and don't forget to give us a 5-star rating, please: Apple Podcasts Spotify Stitcher Google Podcasts TuneIn Amazon Podcasts Deezer iHeartRADIO PlayerFM Listen Notes Podcast Addict Podchaser