What is Product Hunting? What are the things you can deal with to send off an effective item?
Viewers also face many concerns and challenges when it comes to launching a product. Choosing a product that will make you successful is not difficult, but it is definitely technical. You have to take care of many factors. Now we are going to tell you in this video what are those factors and what are the important things to take care of.
What is Product Hunting? And how to choose a good product?
Audience: In business, product hunting is the process of product research where the seller has to choose the product that takes into account the trends of the customers and gives the best profit as well as the ability to sell more at reasonable prices.
Before launching any product, the seller has to take care of many things like whether it will help the product to survive or not. Isn't there a lot of competition for that product? Is it according to customer interest and preferred rates or not? With all these things in mind, when you choose a product, it is called a winning product.
You have to be very careful in choosing a good product
What are the advantages of a winning product and how you can make a name for yourself by launching an e-product:
1. No brand already has a monopoly on the selected product
A winning product should not have brand dominance. In other words, the winning product should not be such that there is no margin for you and the customer should prefer to buy the same product from the brand instead of buying your product. Because in such a situation, your chances of survival and survival will be very low and you will face constant loss.
2. The price of the product should not be too high
When choosing a winning product, consider the affordability of your target buyers. Your product should not be so expensive that people like it but can't afford it, but choose a product that is in the range of your target buyers to get maximum sales.
3. The product should not be seasonal and should have a name margin
It is also important to keep in mind the long term results of the audience while launching the product. That is, how much margin do you have for the product you are about to launch? Can you become a brand with that product or not? It is also important to make sure that your product is not seasonal as this will only allow you to sell for a certain period of time. It is a far cry to make a name for yourself in such a situation. On the contrary, as soon as the season ends, your business will be tipped.
4. Review competition should not be too tight
Audience Before launching a product, it is important to keep in mind the level of review competition in your chosen product. Doesn't the same product of another brand get a lot of reviews? If so, reconsider your product as it is very difficult to get genuine and organic reviews at the beginning of product launch and if there are more reviews on the same product of another company then your chances of success will be less. ۔
5. No license is required to sell the product
Choose products that are not gated, meaning they do not require a license to sell. Yes viewers, there are some products that have to be subject to many restrictions for customer certification. So try not to choose products that require identification or license to sell because such products have very low survival chances for a newcomer.
6. The selected product should not face too much competition and competition
Audience When choosing a product it is important to keep in mind that the competition in the product you are choosing should not be so high that people will not even look at your product and buy from a famous brand. Remember that the smaller the number of products and brands compared to your product, the greater the chances of growth.
7. Don't choose a product that has a lot of variety
When viewers choose a product, do not give preference to a product that contains
The variety is great. Because in this case the customer will focus on all the variants instead of a single product and in such cases the chances of sales will be less.
8. The product should not be too fragile or perishable
Don't choose products that are fragile or perishable, as they can be very harmful to you. Such products may be damaged or broken during delivery and in this case you will have to bear the loss of the damaged product as well as re-ship for new product delivery while you may not even know if it is okay. Will it be okay or not? So we advise you not to choose food or glass or delicate products.
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