If you are already a seller on Daraz then you must be aware of the recent increase in commission rates on the platform. Or if you are still looking for options then these categories are profitable to start your business on Daraz in 2020.
1, Manufacturing Sector:
Make it your priority to sell products that you manufacture yourself. This will also make the product unique thus reducing the initial cost and increasing profit.
2, Digital Goods, Groceries, Livestock, Packaging Material, Stationary and Craft:
If not manufacturing then go for products that offer less commission rate such as Digital Goods, Groceries, Livestock, Packaging Material, Stationary and Craft etc. Products in the category of fashion such as cloths, scarfs, jewelry, makeup are with the highest commission rates so only sell if you are getting it at a very cheap rate or you are the manufacturer of that product. Also note that although the profit margin is less but the purchasing power in fashion industry is more. Or it will sell out quickly. So if you want your money to keep in rolling then maybe you should reconsider.
3, Stock should be more than 10:
Always stock products in quantity because if a product is sold once there are increased chances of it selling again. That is why it is important to ask for rating and reviews of your products.
4, Target Less Competition Category:
Try to target products with less competition even if the profit is less. This is valid because if the product is not running then it is still not good for the store performance.
5, Think out of the Box:
These are all the tips we have summoned up from people working at Daraz. Comment down below Any more ideas you have and whether you agree from this perspective of the story.
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