What to Source for Your Amazon Store This Back-to-School Season?
The back-to-school season offers sellers a prime opportunity to boost sales. While summer’s just begun, parents are already planning their next semester purchases. To help you maximize your Q3 profits, we have compiled a list of potential bestsellers and must-have items for your Amazon store! The school year is coming fast, so let us make your store the go-to destination for back-to-school shoppers!
Bento Lunch Box
Average Price: $10 to $40
To maximize your sales at the end of this summer, we suggest sourcing popular items like lunch boxes. These essential products offer numerous advantages: they have a long shelf life, come in various models to suit different consumer preferences, and can diversify your product range. With prices ranging from $10 to $40, lunch boxes are accessible to a wide range of buyers. These items’ price range of $10 to $40, making them accessible for various buyer segments. With projected sales of approximately 215 units per month, lunch boxes hold substantial potential to become a top-selling item this Q3, presenting a lucrative opportunity for sellers.
Basic School Supplies
Average Price: $6-$10
When it comes to school supplies, the options are countless. You can source many different products in this category such as pencil cases, pens, lined journals, glue sticks, and sticky notes, the possibilities are endless! Our research shows that pens are pretty popular and often purchased in bundles. Essential school supplies are a smart choice for Amazon sellers to source because they boast a long shelf life, eliminating expiration concerns, and they’re incredibly easy to source. Plus, you are tapping into a massive market that spans from young elementary students to college learners.
Backpack
Average price: $15 – $40
Ready to supercharge your back-to-school sales? Look no further than backpacks! These hot items sell an amazing 8,314 units every month. Parents buy them yearly, so you are guaranteed steady sales. With tons of styles available, stocking up is a breeze. Do not wait, fill your inventory with these must-have school essentials and watch your profits soar!
Wireless Charging Station
Average Price: $40-$120
Wireless charging stations for phones and accessories are incredibly popular. These gadgets not only power up devices but also serve as stylish display solutions, making them ideal for students. Compact and priced between $40 and $120, these charging stations are projected to sell approximately 2,758 units monthly, positioning them as a potential bestseller for Q3.
Apparel
Average Price: $10 – $30
Reselling apparel on Amazon is profitable year-round, especially during the back-to-school season. Parents often seek affordable, basic clothes like T-shirts, shorts for their children, making these items particularly popular. Additionally, the variety of sizes caters to different age groups, enhancing the overall appeal of these products. With an average of 1,428 items sold per month, clothing is a smart addition to your back-to-school inventory.
Laptop
Average Price $250 -$800
Budget laptops like chromebook are indispensable for college students , making them a valuable addition to back-to-school inventories. Buyers seek affordable laptops that have a long enough battery life and a good quality performance. While laptops are a great investment, we do not recommend sourcing them if you have limited cash flow. These high-value products are not everyday purchases and reselling them can take some time.
You can check this article for more insight about what mistakes you made to avoid reselling successfully on Amazon.
BQool AI Repricing Strategies for Back-to-School Sales
Effective product sourcing is fundamental to your store’s success. Choosing the wrong items or overspending on sourcing can dramatically impact your bottom line. You will need to adjust your repricing strategies to compensate for poor sourcing decisions, potentially harming your profitability. Therefore, it is crucial to invest time and effort in selecting the best products from the start, setting your store up for success.
Once you have successfully determined which products to source and how to acquire them, you can shift your focus to repricing strategies. To do so, you will need to develop strategies for different product categories, consider stock levels, protect profit margins, and quickly adapt to trending items.
Here is how to leverage BQool AI Repricer’s various modes to optimize your listings.Each mode offers unique strategies to help you achieve your specific repricing goals:
AI Sales Maximizer for selling Small Items Fast
The AI Sales Maximizer is ideal for quickly selling small items such as school supplies. We suggest utilizing this mode when you need to move a high volume of school supplies swiftly, as it prioritizes sales over profits. This setting is particularly effective for clearing out perishable items that have been in your inventory for an extended period.
AI Sales Booster for Perishable Goods
This repricing strategy is perfect for perishable items. The AI Sales Booster focuses on maximizing sales while still maintaining a moderate profit margin and ensures that products are sold at a competitive price, yielding a reasonable profit.
AI Equalizer for New Items
The AI Equalizer strategy is perfect for new products that you have just started to sell because it strikes a balance between sales and profit. This rule applies to all products and all categories. If you are not sure how well, but you are not sure yet how this new item will perform, AI Equalizer will be the best AI model to help you test the market.
AI Profit Booster for Best Selling
It is recommended to activate the AI Profit Booster mode for your best-selling products, that means If you have items that consistently perform well in your shop and you are confident, they will continue to sell even at higher-than-normal prices, then this AI model is perfect for you.
AI Profit Maximizer for Increasing Profit
To focus on profit, we recommend using this repricing rule for your best selling products that are in high demand but have limited supply. This strategy is ideal when you aim to maximize profits on top-selling items without prioritizing sales volume.
BQool’s AI Repricer and its various repricing modes empower you to tailor your pricing strategies to meet specific sales objectives, whether it’s boosting sales, maximizing profits, or securing the Buy Box. By leveraging AI-powered rules, you can fine-tune your pricing plans to achieve swift and effective results for the back-to-school season, thereby enhancing your business performance in Q3. To further refine your sourcing strategy, utilize social media platforms like TikTok and Instagram to stay up to date with current trends and popular items. Additionally, employ analytics tools such as Selleramp and Keepa to identify potential products, ultimately boosting your sales and achieving Q3 success.
Use BQool’s AI Repricer to get a prosperous back-to-school season and a successful Q3 2024!
The post What to Source for Your Amazon Store This Back-to-School Season? appeared first on BQool Blog.
