5 Reasons Why MarketResearch Is Very Important To Sell Something On eBay/Amazon www.obvainc.com
Objectives of this Presentation Introduction You don’t want to depend on any guessing when you invest lot of time and money You should know your product well You Cannot Guess What Price You Will Sell Things For To sell cheap, you need to find good suppliers You Cannot Ignore Knowing Your Competitors
Objectives of this PresentationWho are we?What we believe?What we do?How we work?What we can do for your store?Working ModelThank you!
Introduction If you want to become an eBay power seller, or top seller in Amazon it is important that you need to conduct a market research for your business. Virtual Assistants at OBVA share the 5 reasons why market research is very important to sell something in eBay and Amazon.
You don’t want to depend on when to invest time and money:First 5 things to consider before selling on eBay/Amazon :3. Who are your target customers?4. What are your niche keywords to start your business?5. Does the products you going to sell have competition in the online market?6. Who are your competitors?7. What is your target market?This needs a complete research analysis to find out final niche keywords for your selling which is a very time consuming process.
You should know your product well->> When you come to know the demand for your products , you can easily increase the profit for those particular products.->> So a complete research on the product will help you get the details of how much demand it has in the target market, how to increase its price, where it has the demand etc.->> This would help you increase your selling by offering discounts or freebies and also have auctions for income.
You Cannot Guess What Price You Will Sell Things For:->> Fixing price for each and every product matters a lot to get more traffic to your webstore. ->> Therefore, you need to do price research for each product to find its competitive selling prices.->> If you fail here then you may not see more profit in your business. Also, only experts can do perfect research to get a detailed yet accurate data. Research tools like Terapeak, Bay Research Labs BayEstimator can help you to do this effectively
To sell cheap, you need to find good suppliers:->> The first key factor in gaining profit in the market is finding the best supplier.->> When product quality is good, this can surely lead to a good customer feedback.->> So make sure you deal with Manufacturer’s authorized wholesaler so that you can be 100% certain over product’s quality.->> Also this would help increase our selling by reducing the product cost.
You Cannot Ignore Knowing Your Competitors->> In any business even it is online or offline, how can you attract more customers to your store?->> The answer is simple. When the quality of your product or service is better and the price you offer is less than your competitors then obviously you can get more customers.->> So it is important to know the competitors for each and every product so that you can out-sell your competitors.->> For this you need to a competitor research to find out the competitors of each and every product.
Conclusion->> These reasons would insist the importance of market research.->> If you do not have time to do market research for your eBay/Amazon business, please contact us. ->> We never work for your competitors! You can follow us on Twitter , Fanpage and G+. Grab our RSS feed for more updates.
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