Sat_Mar__2_00:01:13_PST_2019

In order to locate products that sell online, we need to understand what people already want to buy
Finding a good choice of idea or product is always accompanied by interfacing the demand for the product in the current market and the level of competition or market share that the product will be having in the long run
¬タワWhat should I sell? What products are hot selling? These are the questions most people are trying to find an answer in order for them to make the definite decision
And if we really want to know the answer to this question, our only choice is to do some research
ï¿‚ï¾  There are all kinds of twists along the road that may lead you to think you have a high-demand idea
We must be able to understand and satisfy the need, wants and expectations of our customers on a certain product that they¬タルre trying to buy
This three are called the basic needs or minimum requirements in a purchase
ï¿‚ï¾  Needs are the basic reasons or the minimum requirements consumers are looking for in a product or service
They are called the qualifying or ¬タワgatekeeper¬タン dimensions in a purchase
Wants are the determining dimensions among many choices
Expectations, on the other hand, are values or intangibles associated with a product or service
Expectations are actually part of ¬タワwants¬タン but they become extremely important when products or services are not differentiated
For example, in reading a logic book, university students look for the following: Relevant logic concepts use of simple language, easy to understand and affordable prices
These similar ideas can be applied to Internet Sales as well
After all, the Internet is just another place to sell products
The basic concept of demand is the same there as it is anywhere else, and has been all the time
ᅡᅠ Now, the second thing that must be considered in finding ¬タワhot¬タン products to sell are the level of competition or the market shares do your product will have
Market share or level of competition means the ratio of your brand sales versus the total market sales
ï¿‚ï¾  While companies would naturally define its target competitors, it is actually the consumers who ultimately decide the competitive frame, or the list related products or services that consumers consider when exercising their purchasing power
We must therefore choose the market segment where we can have a potential leadership or at least a strong challenger role
Because the overriding objective of getting into this business is not just to satisfy the needs and wants of our customers but to do so profitably better than his competition
Otherwise, our competition will end up satisfying the customers better than our own interest
ï¿‚ï¾  Third factor to be considered in finding hot selling products is finding out the general interest level about the product
General interest in a product helps us to gauge where our demand and competition numbers fall into the big picture
ᅡᅠ Simply saying, if there isn¬タルt much demand for the product, and there isn¬タルt much competition, it would seem that it might not be good a good put up for sale
But the research doesn¬タルt stop here; there is one last thing to be considered to exactly find the hot selling products that you¬タルve been looking for
ï¿‚ï¾  We must also learn how others are advertising those products
If there are a good number of them doing so, it may mean that it¬タルs a good product to get into
Coming to the last phase of the process is analyzing and evaluating all the information that has been collected
We have to look at all of the data we have collected on demand, competition, and advertising, and make decision as how they all balance out
ï¿‚ï¾  And here are several factors or aspects that must be measured: (a) not enough demand means not enough people are going to buy (b) too much competition means not enough of a profit to go around (c) too much advertising drives up the price of pay per click ads, and competition as well (d) not enough general interest, combined with low demand, means there may not be a good market even if there is competition trying to make the sales

Comments

Popular posts from this blog

Mon_Mar__4_12:01:11_PST_2019

Thu_Feb_28_20:01:14_PST_2019

Tue_Feb_26_00:01:09_PST_2019