Your goal here is to find out what products appeal to customers and how similar products perform in the marketplace.
If you want to do this manually, possible steps include:
List your possible products in a spreadsheet
Check the price of each product, who is the supplier, its ratings on Shopee and Lazada, prices and collect all possible information about each product.
Now that your sheet has all of the updated information, you will then be busy comparing the estimated profitability of each product – including fulfillment costs.
Lastly, is to compare: which products offer the highest profit margins, and which do not?
All in all, this process will definitely take some time, but it’s too important that you can’t rule it out.
Making the right decision is always an advantage for your business. However, if you’re already busy
why not automate it
Automating market or product searches can help you speed up the process of combing through hundreds of products. It helps you choose the most profitable goods with the least amount of investment.
Most importantly, it saves you time. And time is money.
Other benefits of eCommerce automation:
Make your business customer-centric
Automation allows you to focus Latest Mailing Database more on your customers. And no, it’s not just about offering a great product or a great customer service center. Being a customer-centric business lives and breathes the customer experience until they become part of the customer’s everyday life.
And one way to become a customer-centric business is to adapt to technology such as using automation.
The best example is when merchants can provide personalized responses to each customer review. Since you’ve taken on repetitive tasks from your employees, they now have time to find ways to increase customer retention and provide exceptional customer service.
Consistent and accurate
One of the great things that computers and AI can do is that they can be precise, consistent, and accurate.
With automation, you just have to set it up how you want it and the software will take care of it. Compared to doing everything manually, you no longer need to constantly keep track just to make sure Phone Lead there’s no human error.
Access to valuable business information
Automation also gives you access to valuable business data at the right time. eCommerce is an industry that is constantly changing and evolving and having intelligence and insight will help you make the right decisions as you adapt to change.