Here is your business plan for selling slimes online.
- Analyze the selling channels that are right for you
- Figure out how much your slime will cost to make
- Decide on a profit margin
- Figure out your fixed costs
- Research other people who have done something similar to you and learn from them!
Places to sell slime online
The slime craze is huge, so use your social media platform to market your product. Where you market your products depends on who your target customer is and what they will buy from you. Map out those options before committing too much time to a specific marketplace, social media account, or store. Thinking outside the box. Make sure you do your homework before choosing a slime-selling site. Market on multiple platforms for the best chance at success. Be honest when contacting distribution sites. Analyze different options and see where you fit in with that type of platform. Take time to research what sells and what doesn’t sell among other sellers so you can market your product correctly. Know where and how to market your product to make the most sales for the least cost.
Selling slime online seems like a home business mommy could create one day while watching her toddler play with his. Search Google for ‘buy bulk slime’ and you’ll find these sorts of Facebook pages all over your feed: moms selling out of their home, and making money off their kids’ slime obsession. You can also use those online groups. And also consider local boutiques.
Where NOT to sell your slime?
Have you ever wondered what the worst places are to sell your slime? We all know Etsy is for handmade items, but it is possible to list craft supplies. It can be hard to find out where you shouldn’t be selling slime, so that’s why I want to help you get the knowledge you need to find slime-selling success.
There are some places I don’t recommend selling slime. In fact, they’re pretty terrible places to try and sell your slime. I’m talking about your local school, church, gym ….. heck even the courthouse! Listen as I give you a breakdown of where NOT to sell slime. By selling your slime on one of these locations, you will lose money and have a bad experience. We share our experience to help you avoid costly mistakes when selling slime.
How to figure out your selling price
You’ve done it, you’ve put in the work to make your slime and now it’s time to figure out how much you should sell it for. I’ve been there too, and I know how difficult that process can be. So many people make rookie mistakes when they’re selling. They end up selling their slime too expensively or they fail to set a price at all. Now, I understand that there are many different factors involved when you’re trying to decide how to set your prices.
Are you new to the slime game? Don’t waste time working out how to price slime. If you are a slime seller looking to learn more about pricing slime, it’s important to take inventory of the cost associated with making slime before you sell. Pay attention to these three things, and it should be very easy for you to set pricing for your slime products: low cost of entry, the nature of the market demand (slime supplies aren’t infinite), and compare prices from other slime sellers. Also keep in mind these 2 rules:
- If your price too high, potential customers will think your stuff is overpriced and that it’s not worth their time (they don’t want to give you money).
- If you price too low, established websites will swoop in and undercut your prices, leading to an intense price war and quickly eating into your profits.