Power Ideaz

By Pinaki Ghosh.

A. Finding a hot product
Once you make your decision about the e business, you would want to think about the product that you would want to sell. Therefore the questions that would pester you would be the questions like WHAT and also as to WHO the customers would be. The most common mistake which the entrepreneurs commit is when they cater to everyone in making the most profits, but at the end make absolutely no profits. Instead of taking the plunge in the bigger e-business focus on the smaller but the more powerful market. Do not try to capture the entire market at once. The niche for you is the smaller market. Like, while trying to sell off the electronic goods, try to aim at one like the personal stereo. When the audience knows that your site deals with the personal stereos, the people who want to know or purchase the personal stereo would be the first to check out your site. To find your niche or the most wanted products is the most important take in your e-business.
B. Places to look
How can one actually look out for the hot products? How and from whom can one actually know about the products that are in demand? You really can’t rely on the mere guess work. What you can do is relax and look out for the pros and the cons. You can look out for some of the keywords on the places mentioned below:

Ebay: (www.ebay.com).
You can go through the pages of e-bay to get a random idea of the items and the products that are available on the net. The other PDF resource of some of the eBay hottest products they may be of some use:
http://pages.ebay.com/sellercentral/hotitems.pdf

Clickbank:
You can browse through the following site to get an update on the 100 top Clickbank products.
http://www.cbengine.com/res/cb_movers.cfm
You can also log on to the following site to get the best top clickbank selling products under numerous categories:
http://www.clickbank.com/buy_products.htm
The other sites that can provide you with such information are listed below:

• Commission Junction
• Linkshare.com
• Modernclick.com
• Aazoogle.com
• Cpaempire.com
•  Maxbounty.com

C. How to choose your product
You must choose the product that you want to sell. If you make a mistake here, that means your efforts go into vain. All the hard earned money and the enthusiasm which is invested in the business goes in vain. Here are some points you must keep in mind while making the ultimate choice of the product:

1. Do not be where the crowd is; stay away from the crowd
It is a tiring and a difficult job to sell shoes in a place wherein you have another 20 stores. You must avoid the kind of products that almost everyone would opt for. This may be on a higher demand due to the competition in the market. The prices vary and thus it is very difficult to get all the attention. As one would want it, better to be a very important person in a very small town than to be a small guy in a large town!

2. Prefer products that are digital and easily downloadable
The products which have digital downloads on the net have a high selling rate as they are easily available to the customer as soon as they complete the payment procedure. People are extremely impatient in taking over the product that is purchased. They are doubtful about the not so known business’s which ‘ship’ them the product. The items that are digital include:

• E-books
• Software products
• Music
• Videos

3. Keep it easy to ship
You must take care that the item is not very difficult to ship. You must try and keep it easy to port, small and light.
4. Not fragile, neither perishable
Make sure that your item is not really delicate or easily breakable. It gets really difficult to ship such items. Very big organizations have the advanced technologies and can easily transport perishable or fragile items. If you do not posses such transportation and the kind of infrastructure, then do not even think of such an initiative.
5. Niche must be small, yet it must be in demand
Niche marketing means narrowing down to a smaller market rather than the general market, is true enough; yet the market shouldn’t be so tiny that you hardly come across any buyers. The niche you are choosing should be in high demand. You can check the demand of these items from the various sites like eBay, Dmoz and Amazon. If you browse through the sites, you can look out in the different categories for the items that are in demand. To know more or see an example simply log on to the following site:
https://adwords.google.com/select/KeywordToolExternal
6. Submit your niche to directories
After your ecommerce site is ready, submit the site to a number of directories so that there are enough back-links pointing towards your niche.
You can refer to http://www.strongestlinks.com/directories.php and http://www.seocompany.ca/directory/web-directories.html for the most popular web directories that you can use.

This entry was posted on Monday, November 3rd, 2008 at 10:30 am and is filed under Business Tips, Ebay, Internet Marketing, Making Money on the Internet, Small Business, Uncategorized, Woman Entrepreneur, blogging, customer service, ebooks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.