Types of Digital Cameras
There are many kinds of digital cameras on the market, each with its own purpose and key advantages. It's important to consider the cost of the cameras as well as the features they offer.
Digital SLR Camera
Also known as a DSLR, this is the most versatile and advanced type of camera on the consumer market. It's larger than any compact consumer camera but with interchangeable lenses and a choice between automatic and manual focus and other controls, you have more say over the way a picture is taken.
Compact Digital Camera
Compact digital cameras are known as "point and Shoot" cameras, because you typically don't need to do any more than that to take a photo. This kind of camera's features will vary with price and camera size. Because they are so compact and easy to take anywhere, they are a favorite among consumers who don't need advanced features.
Bridge Compact Digital Cameras
Bridge cameras are a step between DSLRs and point-and-shoots. They are semi-automatic with aperture and shutter priority features for budding amateur photographers. The lenses on a bridge camera cannot be removed as on a DSLR but many models will have a zoom range as high as 40x!
Compact System Cameras/Mirrorless Cameras
These are quite similar to DSLR cameras in terms of function but they are smaller in size and more affordable. The main difference between a DSLR camera and a compact system camera is that the latter doesn't have an optical viewfinder because it doesn't have a mirror. It still supports interchangeable lenses, however.
Waterproof Digital Camera
Waterproof cameras are significantly more durable than your standard point-and-shoot digital cameras. They will typically have the same level of image quality as a point-and-shoot. However, their casings are sealed to keep water away from the internal parts, allowing you to take them into more extreme environments.
Here are some options to help you decide on where to sell your digital cameras:
1. eBay or Amazon
Both marketplaces are great for selling in general, but new sellers in particular may find both sites quite competitive. There are currently 41,481 listings for digital cameras on eBay, and another 42,389 listings on Amazon. I know the numbers may seem overwhelming, but don't fret: if you're creative and flexible, you can stay ahead of the competition. A surefire tactic is to offer free shipping for your products. Customer absolutely love a freebie, especially free shipping.
An online store is a good alternative venue to sell your products. Unlike marketplaces, where many sellers may have the same item and eBay and Amazon set policies, having your own site gives you the freedom to list your products the way you want to. You can skip the eBay/Amazon commissions and listing fees altogether.
The biggest challenge you're going to face is traffic. Shoppers know and trust Amazon and eBay, but they may not even be aware that your site exists! So you need to be sure that you can get people to your site and that they'll stick around to make a purchase instead of wandering off to another site or abandoning their shopping carts
Local Bazaars and Flea Markets
Personally as a buyer, I like to be able to see and inspect the item I am about to purchase, and I know many other shoppers who prefer the same. Since most digital cameras are not that big, they can be easily transported, so you might want to try selling your local bazaars or flea markets. Just be sure you package them properly to avoid any any damage or scratches. This is a great place to bring along the accessories, too.
You may also want to read up and learn about the digital cameras you are selling so you can address any questions or concerns a potential customer throws at you. Know their specs and features and how the cameras perform compared to others. (It certainly helps to be a photography enthusiast yourself in this niche!)
Why Sell Digital Cameras?
Performance on eBay and Amazon
âÂÂIt's not everyday that you find a product with 100% sell rate, so based on that number alone I know I have found my niche for this week. But don't just take my word for everything! You can use the
High Sell Rate
A high sell rate is often a good indicator that you have found a viable niche. It's simply the percentage of units sold compared against the total number of listings. Based on the data from our Market Research Lab, digital cameras are selling really well -- as in, they have a 100% sell rate! What more could you ask for?
Whenever you are on the hunt for niches, look for a product that has a sell rate of at least 40%, but preferably 50%. Otherwise you might be selling a product that has a low market demand -- or worse, no demand at all.
High Average Selling Price
A high average selling price can increase your profit margins. The digital cameras in the labs have an average selling price ranging from $217 to $598.
Many online sellers use dropshipping, so they don't know (or perhaps don't care) that buying in bulk through wholesalers will help you get lower prices. Remember to contact your supplier directly to get the best deals, and factor in the costs of storage and shipping materials (two things you don't have to pay for with dropshipping) in your overall price.
It is always ideal to look for a niche with low competition. When you're competing with fewer sellers and you've optimized your listings correctly, your products have higher chance of being seen, and you're more likely to make a sale. Trustworthy suppliers are worth their weight in gold, but just one bad supplier can ruin your reputation.
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