@SeanyHang I don't think 982 results is that competitive. What is not competitive for you?
My niche has 2k listings in the "all categories" search. However, the top 3 guys are doing 1k+ sales a month. When I was entering this niche, I told myself "I just need 10% of their combined sales and I'll be happy". Turns out, I get about 30% of their combined sales.
So my key determinant in entering a niche or not is that the top 3 listings (PL listings) are selling 3k+ units combined monthly.
Hmmm. You know what? If i'm going to be honest about it, I don't actually have a number for what the right amount of competition is. Less is better. More is worse - but that's obviously completely relative and I now realize that I need to come up with something more quantifiable. I probably got that type of mindset after I read @Ecom man 's thread (and many other ebooks/programs on importing) and would see a lot of what he did (after reading that thread is when I took the jump into importing).
The thing about competitors is all it takes is one stupid one to kill your profit margin. Obviously the less compitition the better margins will be. 5 competitors isn't bad as long as the margins are in the 100%+ range. If 5 of them haven't dropped prices where there is no money to be made you should be ok.
That's talking about only having five competitors - but I'm sure @Ecom man has his own way of doing things completely different than the rest of us... it'd be awesome if we could create a separate thread (I don't want to hijack @biophase 's ) and have all of the guys who are successfully importing and selling on Amazon/ebay/ecommerce talk about their individual processes.. I'm sure there's a bunch of similarities but the differences in philosophies and processes would be fascinating.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited by a moderator:
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today