Strategy for Product Research
The experience in the field of trading and online trading is always a plus. For product research, you need to put yourself in the shoes of a customer to imagine what price and product is suitable for the market.
There is actually no exact tool or formula to predict the success of the Product. This is your analysis, monitoring, and experience that hatches the golden eggs of success.
The following consideration points should be observed while doing Product Research.
- Current Market Trend
- High Demand Low Competition
- Wow Factor
- High-Profit Margin
- Not easily available
- High Keyword Search Volume
- Small and Light Weight
- Seller’s Rank
- Seasonality
- Price Range between £ 25 – $60
- Less than 200 Reviews
