How to thoroughly research the market, choose good quality products, high demand and attractive commissions

1. Identify the target market:

• Demographics: Determine age, gender, income, occupation, education, interests,... of the potential customer group.
• Geography: Define the geographic area where you want to focus your business (city, province, country,...).
• Behavior: Find out the shopping habits, needs, and desires of your target customers.

2. Competitor Research:

• Identify competitors: List direct and indirect competitors in the same field.
• Analysis: Learn about your competitors' products, prices, distribution channels, and marketing strategies.
• Compare: Evaluate your opponent's strengths and weaknesses compared to yourself to have a suitable competitive strategy.

3. Product Research:

• Quality: Learn carefully about the origin, ingredients, uses, and features of the product.
• Demand: Assessing the market demand for the product (using search engines, social media trends, customer surveys,...).
• Commission: Learn about the supplier's commission policy, compare it with similar products to make the best choice.

4. Product selection:

• Quality priority: Good quality products will help you build your reputation and retain customers.
• High demand: Products with high demand will be easy to sell and bring in stable sales.
• Attractive commissions: High commissions will help you gain more motivation and business profits.
• Consider other factors: Competitiveness, development potential of the product, support from suppliers,...

5. Inspection and evaluation:

• Product testing: Use the product or let others try it out to evaluate the actual quality.
• Collect feedback: Listen to customer opinions to improve products and services.
• Track results: Track sales and profits to evaluate business performance and adjust strategy if necessary.

Some helpful tools and resources:

• Google Trends: Understand user search trends for products.
• Facebook Audience Insights: Analyze information about your target audience on Facebook.
• E-commerce sites: Refer to products, customer reviews.
• Online forums and communities: Exchange information and experiences with business people in the same field.

Note: Market research is an ongoing process, you need to update information regularly to make accurate and effective business decisions.

To carefully study the market and choose products of good quality, high demand and attractive commissions, you can follow these steps:

Contents

1. Market Research:

• Identify your target audience: Identify who your target customers are. Learn about their needs, preferences, and shopping habits.
• Competitor Analysis: Consider competitors in the same field. Learn about their products, how they approach customers, and their pricing strategies.
• Using a market analysis tool: Use tools like Google Trends, SEMrush, or Ahrefs to research market trends and related keywords.

2. Product Selection:

• Product Quality Evaluation: Look for products with high reviews and positive feedback from consumers. It is possible to check out product review websites or ask for opinions from industry experts.
• Consider the market demand: Identify which products are in high demand and are trending. This can be based on market data analysis and industry research reports.
• Consider the supply: Make sure that you can access products from reputable and quality suppliers.

3. Commissions and Policies:

• Look for attractive affiliate programs: Affiliate or partner programs often offer a commission on sales. Compare programs to find one with high commissions and good conditions.
• Review the conditions of cooperation: Carefully read the terms of cooperation, commission payment policy, and other requirements. This gives you a clear understanding of your rights and obligations.
• Calculate ROI (Return on Investment): Evaluate the potential profit by calculating input costs, advertising costs, and commissions earned.

4. Testing and Adjustment:

• Perform the test: Start with some products to test before scaling. Track efficiency and feedback from customers.
• Strategy Adjustments: Based on the test results, adjust the marketing strategy and select more suitable products.

To carefully study the market and choose quality products, high demand and attractive commissions, you can take the following steps:

1. Market Research:
   • Learn about current market trends and needs through reliable sources such as market reports, industry research, and statistical data.
   • Analyze the competition and potential of products in the industry to select the right product.
2. Identifying needs and evaluating product quality:
   • Learn about customer needs and preferences through surveys, customer feedback, and online forums.
   • Evaluate product quality by learning about the origin, ingredients, and reviews from consumers.
3. Selection of products with attractive commissions:
   • Learn about commission policies and conditions of cooperation from affiliate partners or product providers.
   • Compare and select products with attractive commissions, suitable for the needs of the market and target customers.
4. Use a market research tool:
   • Use tools like Google Trends, SEMrush, or Ahrefs to research keywords, search trends, and competitor activity.
   • Follow market information and reports from trusted sources for continuous market updates and assessments.

In order to thoroughly research the market, choose good quality products, high demand and attractive commissions, you need to follow some basic steps below:

1. Market Research

• Identify your target market: Understand who your audience is, including age, gender, income, interests, and shopping habits.
• Analyze market trends: Use tools like Google Trends, market reports, and sources of information from market research organizations to capture current and future trends.
• Competitor Analysis: Research your main competitors, see what they are selling, what their prices are, and what their marketing strategies are.

2. Product selection

• Product quality reviews: Read reviews from users, review quality certifications, and if possible, try out the product for self-testing.
• Consider market demand: Choose products that are in high demand by analyzing search keywords, search volume on e-commerce sites, and hot products on social platforms.
• Check sustainability and long-term trends: Make sure that the product is not just a short-term trend, but also has long-term potential.

3. Evaluate the commission level

• Compare commission rates between providers: Research and compare affiliate programs to find the best commission rates.
• Review payment terms: Make sure that the payment terms, payment time, and payment threshold level are appropriate for you.
• Evaluate supplier support: Some vendors have marketing and training support tools, which can help you improve your sales performance and increase your income.

4. Use support tools

• Google Trends: To analyze search trends.
• Amazon Best Sellers: To see the best-selling products by category.
• SEO Tools: Like Ahrefs, SEMrush for keyword research and competitor analysis.
• Forums and social networks: Like Reddit, Facebook Groups to collect opinions and reviews from consumers.

5. Develop a marketing plan

• Content strategy: Create high-quality content such as blogs, videos, and social media posts to attract customers.
• SEO: Optimizing websites and content for search engines to increase accessibility.
• Paid Advertising: Use ads on Google, Facebook, and other platforms to reach your target audience quickly.

6. Regularly monitor and adjust

• Data analysis: Use analytics tools like Google Analytics to track performance and adjust strategies as needed.
• Collect customer feedback: Listen to opinions from customers to improve products and services.

Market research and product selection is an ongoing process. Stay informed and adjust your strategy for the best results.