When you first start your online venture, the first and most obvious question you will ask yourself is…what am I going to sell? Points to consider when deciding the answer to that difficulty are:
· Is it light and easy to ship?
· Is it a digital good that is downloaded (e-book or software)?
· Is it perishable or weak?
· Does it have to be seen and held (creator fabrics, perhaps)
· Is there enough request to make your venture profitable?
· Does it have little rivalry from large online companies (niche goods)?
The last two characteristics are the ones that can be hard to pin down. Here is a commonly accepted routine of arriving at an idea of how heavy the need and competition is for a merchandise.
If you have a special curiosity in some goods that meet the above criteria, great, but don't limit your inspection just to items you like. You are looking for a niche product with relatively good need (enough to make it profitable), but without heavy rivalry.
One way to see what the call for is for goods you are interested in is to look at search engines to see how frequently people search for the product you are considering.
The result of all this research should be that one or more goods will fit into a niche market - goods with some need, and relatively little supply. For the top outcome, focus on one niche merchandise category, and offer a wide selection. That way, you can turn into the top online source for that particular category. For example, instead of offering general craft supplies, offer the widest possible selection of needlepoint kits. This strategy will also allow you to rank higher in search engines because you can optimize your pages for fewer, more specific, keywords.
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