Product Before you can think about branding, you need to have a product in mind. What are you going to sell? Is it a tangible product or are you selling a service? Is it an everyday product that will always be in demand or is it more of a luxury product whose demand may decline during an economic crisis? Marketing research Do you know if there is enough market for what you are going to sell? Always do market research. This allows you to determine whether you have chosen the right product.
Another useful conversion optimization
There are two different ways of market research that are important for your online store: consumer research Competitive Research 1. Consumer research Suppose you are going to sell vacuum cleaner bags. Then Graphic Design Mailing List do a keyword research and see if there is enough volume on vacuum cleaner bags. See if people are looking for it every month. This determines whether it is a salable product. If you don’t research this well in advance, you could run into problems later.
We often speak of conversion
You may be ahead of your time and there is no market for your product yet. Or your product turns out to be seasonal and therefore peaks only once or at most a few times a year. 2. Competitive Research Which other players sell the same or similar products? See what is already there and what you can do with it yourself. If you’re selling the same product, see how you differentiate yourself from your competitors.