- The document discusses researching the profitability of a product before marketing it online. It emphasizes the importance of checking demand, competition, and whether there is opportunity for additional suppliers given current demand and supply.
- Key aspects of researching profitability mentioned include analyzing sales data, checking the number of competitors and their strategies, understanding product trends, ensuring reliable sourcing, and accounting for additional costs of selling the product.
- Gauging market demand involves identifying the target market, understanding competition in that market, and comprehending customer behavior and what stage the product is in its lifecycle within that market.