Brainstorm what product to sell with Cube Self Storage
Everyone can be an entrepreneur nowadays with the rise of demand from online shoppers and the convenience of setting up eCommerce business platforms. However, the first step into starting an online business, which is to find a profitable product, is challenging and tricky because the product that you are considering to sell is most likely already being sold online. Of course, it is still worthy of competing, but before you proceed consider these 3 tips on finding a profitable item to sell online.
1. Look for a new trend and capitalize on it early.
Always keep an open eye and open mind for growing trends. Being the first to recognize a trend is a great win for a new business as it allows you to carve out a place in the market and establish yourself as the leader before anyone else has a chance to. Here are 3 ways for you to be on the lookout for new trends:
- Google Trends: Spending some time looking at the popularity of topics and items here will allow you to spot budding trends.
- Trend Hunter: This is probably the most popular and largest trend community online. It uses data, artificial intelligence, and of course humans, to identify consumer insights.
- Social Media: The easiest way to stay up-to-date with the latest and budding trend is by paying attention to trending hashtags on Twitter or hot topics on Facebook.
2. Solve a customer pain point.
While researching for new trends you may stumble upon customer reviews of products in the industry you’re exploring. You can learn a lot from these reviews — especially the do’s and don’ts of the industry. Also, from this pool of reviews you might find common customer frustrations. Pay attention and take note because a customer pain point is like a raw formula that will help you develop a product that people want (and need). Moreover, be aware of your own frustration on the products you’re using, and also the small annoyances that you come across in your everyday life because they are clues that you can use to come up with a new profitable product.
3. Use your personal and professional experience.
Perhaps before becoming an eCommerce entrepreneur you may have worked in a particular industry, and you know a lot more than anyone else about the ins and outs of that particular industry. Find out what the industry needs, perhaps there’s a problem that you can solve using a product. Also, study your personal experiences and hobbies. If you’re passionate about a particular hobby, you know that you’re more inclined to invest money to get the exact product that you want. If you can’t get it from anywhere or it’s just difficult to search for it, you just found yourself a market niche that is worthy of exploring.
Remember, the products that you choose will shape your entire business; from marketing to shipping, to pricing, to further product development, as well as storage for your products. Well, if at any point of your business you are concerned about business storage, do not fret because we’ve got you covered. Cube Self Storage is always with you no matter how big or small your business is. Our climate-controlled storage will maintain your products’ quality while in storage. Let us take care of your business stocks while you focus on growing your business and looking for new profitable products.
Contact us today to get a FREE quotation for your business storage, and enjoy RM 1 for your first month’s storage fee (T&C Apply).