https://www.fiverr.com/jurassicjp (4/5) very good start but not complete
STEP 18 HOW TO CREATE A GREAT PRODUCT FOR YOUR NEW BUSINESS
The best ideas are the ones that pop into your head when you aren’t even searching for one. Those who have researched the world of e-commerce and online entrepreneurial ventures can’t help but get excited at the prospect of being your own boss, doing something you love, and getting paid as well as any typical corporate job, or better. The problem arises where you need a product to sell, but you don’t know where to start looking and don’t want to risk throwing your money away on something that just sits on the shelves collecting dust.
The best thing about online retail is that all the tools are at your fingertips and there isn’t much, if any, need to survey people directly about ideas. To try and filter out most of the overwhelming amount of information out there, we’ve compiled the most effective means of searching out the best markets for the best products that will provide the best results in your first shot at running a business yourself.
What You Know Best
Before you dive into the endless pile of “how-to” tutorials, eBooks, and Youtube videos, think about what your favorite or most familiar products that you prefer. Even if this category of products is already a saturated market, like TVs, Tablets, or Clothes. If you are starting from a completely blank board of ideas, it’s good to start from a place where you are most interested in. From there, you can start thinking of more niche items that you could develop that carries less competition and then offer something unique that no one else has on the market. Even if it isn’t 100% unique, you may off the best quality for that product or service.
Research Product Trends
Surfing online for consumer product websites and forums is a great way to get a beat on what people like and dislike about what is already there on the market. This is very important to do, whether you already have a product in-mind or if you’re still searching for ideas. Don’t be afraid to look at what is currently hot overseas either, this is where you can get a head start on products that are headed over to America soon. There’s no shame in copying a trending product idea and improving upon it to get your first taste of success. A product idea doesn’t have to be an absolutely unique and unheard of invention.
Track Marketplace Sales
Last, but not least, the most fool-proof way of finding a great product for a new business, but also requiring a lot of time invested in understanding, is researching online marketplaces and watching sales rankings on a daily basis. This means tracking both Amazon and eBay marketplaces to figure out what people are buying, what people are selling, and what people are adding to their “wish lists” the most. All of this can be very valuable information, but can also be useless if you do not look at all of it extensively.
Other honorable mentions for more product ideas: Etsy.com, Pinterest, and Kickstarter. Each one of these website can offer insight into trends and demands.
Explain the importance of a great product, what qualities it should have.
Seth Godin mentions that it’s better to just build something and ship it and not get too hung up and making it perfect as that will come later.
Just Ship It. –Seth Godin
WHICH ONE DESCRIBES YOUR PRODUCT?
Are you making something people want?
Is the customer in need of your product or service?
Does the customer care about what you are selling?
Is your product good enough?
Are you ensuring that you simply launch with a minimal viable product?
Stop being a perfectionist –Pat Flynn
Is your product as good as it can be?