How to find the best product to sell [101]
If you want to sell a product or create your own and make money here are some tips.
Need vs Want product (digital or real).
When people need something in order to have results, mostly they are tools, useful accessories...
Before they buy they compare price, features and feedback, then make a decision.
If you are targetting these customers (mostly men's) you must compete on price and features (powerful, meet their needs, quality...) with your competitors. It's not always easy to win!
When peole want something it is more about impulse and love. mostly fashion products, decor, ebooks, books... and it target women's more than men's in most cases.
They are less going to compare price, features and feedback to make their final decision but will more act on how the products looks like (easy to use, nice, woth the reading for books....)
These products are great because you can sell it at higher price compare to the "need products" but getting these customers is not as easy as the "need" customers.
FIND THE SWEET SPOT!
Now the best way to make money constantly it's to find a product that is a need and a want.
Here are some good example: Apple products (iPhone, iPads....), foods, cars, real estate...
Create or sell products that engage customers on both plan (need and want).
Need vs Want product (digital or real).
When people need something in order to have results, mostly they are tools, useful accessories...
Before they buy they compare price, features and feedback, then make a decision.
If you are targetting these customers (mostly men's) you must compete on price and features (powerful, meet their needs, quality...) with your competitors. It's not always easy to win!
When peole want something it is more about impulse and love. mostly fashion products, decor, ebooks, books... and it target women's more than men's in most cases.
They are less going to compare price, features and feedback to make their final decision but will more act on how the products looks like (easy to use, nice, woth the reading for books....)
These products are great because you can sell it at higher price compare to the "need products" but getting these customers is not as easy as the "need" customers.
FIND THE SWEET SPOT!
Now the best way to make money constantly it's to find a product that is a need and a want.
Here are some good example: Apple products (iPhone, iPads....), foods, cars, real estate...
Create or sell products that engage customers on both plan (need and want).