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.
Listen to the episode here 👇
Listen: to the podcast episode
Watch: on Youtube
Episode 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.
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- Why First-Time Buyers Fall for Trading Companies in China
- How To Reduce Risks As Your Order Sizes Grow When Working With Chinese Manufacturers?
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