How to Search and Find the Perfect Product for Your Online Shop
Your Online shop is set up quickly – but do you already know what you want to sell?
For some online retailers, the product idea is made at the beginning. Those internet entrepreneurs know from the outset what they want to sell in their shop. In the beginning, others have no idea what their online shop should be about. Just know they have to search for the best possible online business product(s).
The two P’s in searching for Best e-Commerce Business: Products and Problems
Let’s face it: finding the perfect product for your shop may not be easy. You may not have an ingenious idea after two minutes of consideration. Therefore, it is important that you acquire the right mindset for the ideas search. Get used to being in search of the two P’s in everyday life: products and problems.
Online Shop Products
Pay close attention to products in your environment and media around you. What products do your family, friends, and workmates use? What products do you see on TV, on the internet, and on social media? It’s not just about finding a product that you can sell. Rather, you will find inspiration and come up with your ideas. Which trends can be identified? Which products are talked about, because people love or hate them?
Use Your Problems
If you go through everyday life with your eyes open, you will occasionally encounter small problems. Which little things in everyday life annoy you and could be solved by a new product? The bigger the problem is, the better your solution would be. People are willing to spend money on such a product.
You do not have to reinvent the wheel and bring a completely new product to the people. Often it is sufficient to create a new market by small improvements to existing product categories.
For example, with the triumph of smartphones in recent years, millions of people have encountered the same problem every winter – most smartphones can’t be operated with gloves on. Resourceful business people recognized this and offered the solution: so-called touch screen gloves. That was one of the best online business products for past years. Meanwhile, these gloves are available everywhere.
Recognize and Exploit Trends to Build Your 7 Figure Business
In addition to products and issues, trends in finding your product idea can also help you. Observe such developments carefully. If you have found an interesting trend, consider matching products. For example, the touchscreen gloves just mentioned could only gain popularity due to the persistent smartphone trend. It is important to recognize trends as early as possible and to react to them like this are teaching Aidan Booth and Steve Clayton from 7 Figure Cycle. They have developed a totally new principle of setting up an eCommerce store and searching for best selling products. You can find more information about their method on the official 7 figure cycle website: https://7figurecycles.net or GFK americas official in depth review: http://www.gfkamerica.com/7-figure-cycle-review
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— 7figurecycle (@7figurecycle) October 16, 2017
An example of a coming megatrend: While worldwide sales in the area of virtual reality products in 2014 amounted to only about 108 million US dollars, it could increase according to analysts by 2020 to 21.8 billion US dollars. Now, when you start offering practical accessories for virtual reality goggles, you enter a potential billion-dollar market – before it exists.
Making Interests and Hobbies as a Profession
You should pay special attention to product ideas in areas that you already regularly deal with. These can be hobbies or areas of interest. This results in many advantages:
- You can assess what products are interesting and what details you need to pay attention to.
- If you are enthusiastic or at least interested in the subject of your online shop, you will later have more enthusiasm for operating your shop.
- Ideally, you already have a great deal of expertise and therefore more authority and credibility towards your customers.
You are familiar with the target group
Depending on how much time you invest in your hobby, you already know the main leading media and websites. Maybe you already have contacts that you can use. So you can discuss your product idea right away with potential customers and opinion makers.
Capture family and friends
Surely you have friends or family members who can help you search for the perfect product idea. From now on ask these people to pay attention to products and problems in their everyday life and to share their ideas with you.
Use Online Sources
The Internet is great for researching new product ideas and getting inspiration. For example, you can search for ideas on Twitter or Pinterest. Try to find entrepreneurs in foreign countries, who found a kind of bestselling online business products.
Practical brainstorming tips could be a key to success in online business
Get into the habit of writing down all your ideas (and those of your friends and acquaintances as well). This is a notebook in the cloud, for example, a Google Docs document. So you can always record your ideas from your smartphone or computer. Every idea is worth writing down. Even a supposedly bad idea has the potential to get you on the right track. Sometimes it turns out that the time has not yet come for a particular idea. However, in a few years, it could be very valuable.
This video is made to help you search the best Online Business Products: