Ensure there is a market for your product | Global E-Commerce Experts - E-Commerce Corner

E-Commerce Expander Secrets

Andy Hooper

Business

5 • 9 Ratings

🗓️ 8 October 2020

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today's E-Commerce Content Corner advising you on using platforms like Amazon to their fullest, we're urging the importance of market research.    When you go to launch a new product or expand your business ensure you know their is a market for you.

Understanding the existing market, Pricing/Sales volume of the Competition, can help you determine the opportunity of the product and how easy it will be to penetrate the market and stake a claim in that category.

There are plenty of tools on offer that can help you with this, but if you don't have access to them, this is something we can assist with this, as experts in the European Marketplaces.

Get in touch with us at the below link and we'll be glad to help you assess the viability and success of your expansion into European Markets... https://www.globale-commerceexperts.com/will-your-products-sell-in-the-eu/

#junglescout #helium10 #marketresearch #productfeasibility #amazonfbacoaching #amazonfba #ecommerce #contentcorner #globalecommexperts

Transcript

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0:00.9	Good afternoon and welcome to another content corner.
0:04.0	Thank you very much for joining me. My name's Andy from Global e-commerce Experts and we're
0:07.7	here to successfully expand you into the EU. We focus on expanding e-commerce sellers and what
0:13.2	we're going to talk to you about today is about making sure your products feasible in the
0:19.5	EU before you expand to market research to you and I.
0:22.8	So the key thing to think about is now is, is your product you feasible in the EU market?
0:29.1	Is it the right product?
0:30.5	How many products might you sell?
0:32.0	What do you need to do?
0:33.0	Is it actually going to sell in the EU?
0:35.2	Does the European market want to buy your products? So there's a
0:38.5	whole load of things you need to consider. What do you need to change about the brand? Is the brand going to be
0:43.3	relevant? What do you need to do to tweak and everything else? And the thing is we have feasibility
0:47.4	study market research is basically getting your product in the hands of people in Europe, first of all,
0:52.4	and seeing if this actually worthwhile.
0:54.5	Would someone here like it? Number one. Number two, is there a huge amount of data available?
1:00.0	Yes, there is. You know, what tools are there available that can help you software that can do that?
1:06.1	So we typically use a couple. There's a handful that we probably use, but probably the two big ones that you would have heard of are probably Jungle Scout and Helium 10.
1:13.4	There's a huge amount of resource in those products alone that can help you look
1:18.4	at the data to see what's being sold already. Now what that data will tell you
1:23.5	might tell you how many yoga mats are being sold or how many water bottles
1:27.1	are being sold. What it's not going to tell you is about the brand, what's different, what needs to
	...

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