Online Erning Information

17 Resources For Profitable Products ideas for Your Product

by ADKHAN

New goods fail in around 95% of cases:

17 Resources For Profitable Products ideas:

Profitable Products ideas:

Profitable Products ideas

Profitable Products ideas

Resources For Profitable Products ideas:

Profitable Products ideas:

  1. Begin with what you already have.
  2. Pay attention to the trends in your neighbourhood.
  3. Look up consumer trend publications online.
  4. Get motivated by business pioneers.
  5. Use websites that reveal product trends.
  6. Visit social curation websites.
  7. Browse wholesale B2B marketplaces.
  8. Peruse internet markets for consumers.
  9. Peruse the communities of social forum sites.
  10. Lookup social media sites.
  11. Read client testimonials posted there and elsewhere.
  12. Examine SEO data and insights.
  13. Consumption-related periodicals should be read.
  14. Take advice from your rivals.
  15. Make consumer surveys.
  16. Crowdsource.
  17. Consider the past

It’s helpful to write down all of your thoughts as you read this text and the list of resources. You will be able to go back and assess the viability and potential of all of your brainstorming ideas after you have them all written down.

1.Begin with what you already have:

It’s usually better to start with the ideas you already have before scouring the depths of the internet for small business ideas, products, and niches.

You may have possessed the product or concept for years. Maybe you have a half-written business plan on your computer in a file someplace. Even if you’ve previously dismissed it, it’s still worthwhile to give it another shot. You did think it was a good idea once, didn’t you?

When compiling your list of potential online business ventures, keep the following questions in mind:

  • What goods, markets, or sectors hold a special place in your heart or interests for you?
  • What goods, markets, or sectors are your friends enthusiastic about?
  • What problems do you personally have?

A clever strategy for coming up with new product ideas is to identify difficulties in your immediate environment. The necessities of daily living serve as inspiration for Michelle Ebbin’s product concepts for her sensory apparel company, Jettproof. For children and people with autism, sensory processing disorder, Down syndrome, ADHD, and other disorders that influence the sensory system, the brand makes relaxing clothes.

“Some Jettproof staff members have family members with sensory conditions,” Michelle explains. “We ask their loved ones what they need for various seasons, circumstances, and activities when we brainstorm for new product ideas.”

“One of our team members came up with the concept of sensory face masks using our proprietary calming fabric, Calmtex, when the COVID-19 pandemic struck and face masks became necessary.”

The concept for the product worked. Now, when attending therapy facilities, medical offices, hospitals, and businesses, those with sensory impairments might do so in comfort while using face masks.

 

“My greatest advice is to start by asking others in your immediate circle for product ideas. Think about what your loved ones require and can utilise to comfortably operate within their families and communities.”

Fix the issue if one exists. Think about your own personal pain spots or the pain points of others close to you.

Imagine that you intervened to address the problem of easily damaged and chewed dog toys. Unreliable products would annoy dog owners, and the costs may up rapidly. This one particular problem would serve as the foundation for the industry for unbreakable dog toys.

Sometimes you don’t even need a novel concept. Compared to their online equivalents, traditional brick-and-mortar firms have been in operation for a lot longer. The key to developing a successful and original internet company concept may be to pay attention to trends in traditional retail and adapt them to online sales.

Observe what innovative or intriguing retail concepts are being discussed in your neighbourhood. You can look at several sources of inspiration, including:

  • Newspapers
  • Craft shows
  • local shops
  • public events

3.Look up consumer trend publications online:

Top journals covering consumer goods trends are a wonderful location to start your search for new ideas. Reading trend periodicals may help you get a feel of the direction that consumer goods are taking as well as the hot product concepts that other businesspeople are presenting to the market.

Following these articles may also introduce you to previously unknown product categories and sectors. You may create new products, services, and experiences for your internet business by keeping up with trends.

There are a number of well-known trend periodicals available online, including but not limited to the ones listed below.

TrendWatching:

An independent trend company called TrendWatching searches the world for the most exciting consumer insights and trends. A team of experts from TrendWatching reports on global trends from cities including London, New York, So Paulo, Singapore, Sydney, and Lagos.

Trend Hunter:

The biggest and most well-known trend community in the planet is Trend Hunter. Trend Hunter is a source of inspiration for aspiring and inquisitive entrepreneurs, powered by a global network of 160,000 members and three million admirers.

“Like many of us, I was an entrepreneur at heart, but I didn’t know what idea I wanted to pursue,” explains Jeremy, the founder of Trend Hunter. I made professional choices that I believed would help me find my company concept, but even after years of looking, I couldn’t find any. That’s when I created Trend Hunter, a forum for the endlessly curious to exchange concepts and find inspiration.

PSFK:

PSFK is a business intelligence platform that provides creative professionals with ideas for new retail, advertising, and design goods, services, and experiences. It examines consumer patterns and insights based on research that you can use as a starting point and proof for ecommerce company ideas.

Dan Ben-Nun, the man behind the product Inkkas, is an excellent example of someone who picked up on a trend abroad and brought it home. Beautiful, distinctive Inkkas are created from real South American fabrics.

Dan was inspired to create Inkkas when he observed the popular shoe fashion in Peru. He carried the concept home and started a Kickstarter campaign, successfully gathering over $77,000 in pre-orders, after deciding it was a terrific product that would also perform well in the North American market.

4.Get motivated by business pioneers:

You may use a variety of methods to find the influencers in the sector or niche market that you want to enter if you already know what it is. Following the appropriate individuals on social media may stimulate creative thinking by providing a steady stream of properly selected material from knowledgeable sources. You must look for the opportunities.

You may utilise a variety of web resources to find the influencers in a certain business or niche:

Sites for product reviews and discovery are a great place to get ideas for new products and online businesses. It’s a terrific method to explore fresh curated product trends every day to visit websites like Uncrate (men’s items) and Design Milk (luxury products). What better way to be motivated each day than to see what innovative things other business owners are introducing to the market.

To get you started, consider these prominent consumer goods blogs:

Check out specialty review sites as well as the major, well-known websites. Think about the product categories and market segments that really interest you, then look for blogs that offer consumer product reviews in those areas.

6.Visit social curation websites:

Sites for image curation may be a gold mine for finding niche markets and products. Many of the photographs feature intriguing, cutting-edge, and popular brands of goods and services. You can occasionally determine their popularity very instantly by using the built-in social signals. This might be your first indication that the niche or product has a market.

The following are a few of the bigger social curation websites that might provide ideas for specialised businesses.

The Fancy:

The Fancy bills itself as a combination of a store, magazine, and wish list. Use The Fancy to locate the perfect present for every occasion and tell your friends about your favourite finds.

Wanelo:

Wanelo (Want Need Love), which unites items and merchants in a structure like to Pinterest’s product postings, presents itself as a community for all of the world’s purchasing.

7.Browse wholesale B2B marketplaces:

 

There is no better place to gather product ideas than the creators themselves. This list wouldn’t be complete without it because it is a popular choice among e-commerce business owners.

You have access to hundreds of possible product ideas thanks to wholesale and manufacturer sourcing websites. Take things gradually; the sheer number of items offered makes it simple to become overwhelmed.

AliBaba:

 

Along with Amazon and eBay, Alibaba is one of the largest e-commerce enterprises in the world. The portal links customers with Asian manufacturers and wholesalers.

Alibaba has over 5,900 product categories, so there isn’t anything you can’t find there. There is a tonne of potential for creativity among the diverse categories and specialisations of Alibaba’s dropshipping items.

There are several websites that are comparable to Alibaba that you may use for inspiration and to locate product ideas, even though it is generally acknowledged that Alibaba is the largest online wholesale and manufacturing database.

DSers:

DSers

©DSers

A marketplace called DSers allows you to buy items from AliExpress to sell on Shopify. Many business owners considering what to sell on Shopify choose this turnkey option since these providers offer automated order fulfilment services. To inspire you to create your own ideas, go through what is offered and analyse Oberlo’s top-selling products.

Other B2B wholesale platforms include as follows:

8.Peruse internet markets for consumers:

Online consumer markets are another excellent source of product ideas. Millions of products is most likely an understatement, therefore you could want to start your market research with some of the well-known and in-demand things before expanding into further intriguing categories that capture your attention:

The biggest online consumer auction platform is called eBay. For a list of some of the most well-liked product categories on eBay, look at the site’s bestselling goods.

Amazon: The biggest online retailer is Amazon. Based on sales, Amazon Best Sellers displays the most well-liked goods on the website. The top gainers in sales rank during the last 24 hours are shown in Amazon Movers & Shakers. Each is updated every hour.

The biggest website for crowdfunding is called Kickstarter. With Kickstarter Discover, you can sort all projects by funding, staff choices, popularity, and a host of other criteria.

Etsy: Etsy is an online store that sells handcrafted goods. To uncover the most well-liked listings, look up what is trending.

You may put smaller orders on AliExpress, which is Alibaba’s consumer wholesale marketplace. The most popular items are listed on AliExpress Popular.

9.Peruse the communities of social forum sites:

communities of social forum sites

©communities of social forum sites

Reddit:

The biggest news aggregator on social media is Reddit. It claims to be the home page of the internet and has great influence. Reddit features tens of thousands of “subreddits,” which are niches or sub-sections that cater to various themes and interests. You may get a tonne of inspiration for your next product or company idea on these subreddits.

It’s worthwhile to seek for and join an appropriate subreddit community if you have an idea for a certain sector of the economy, market, or class of goods.

Several product-focused subreddits are likewise abundant in inspiration.

Here are a few instances:

  • Buy It For Life: When looking for things that are useful, strong, and well-made.
  • Shut Up And Take My Money: Interesting, creative, and practical things that consumers really desire.

If you frequent Reddit and pay attention, you might occasionally come across postings like this one, which invites people to describe their favourite items they made for under $50.

Regardless of the strategy you choose, Reddit has been and still is a terrific place to find inspiration for ecommerce company ideas and to connect with like-minded people.

Quora:

Quora is a community-based question-and-answer website that aims to be “A place to gain and share knowledge,” according to the business. In essence, people use Quora to ask and respond to questions on just about everything.

Similar to Reddit’s subreddits, Quora offers a variety of subjects that you may add to your own personalised feed. Think of include feeds for specific products or industries, as well as anything else motivated by internet commerce.

The number of responses (each with a number of up votes and down votes from the community) is also displayed on Quora, along with a list of the subjects and questions that are trending.

As soon as you fill up your feed, you’ll start to see inquiries and responses that may provide you ideas for ecommerce company ventures. To name a few:

  • Which present stood out among the rest for you?
  • Which product is your favourite?
  • Do you make purchases on Amazon?

Industry and specialised forums:

You might be able to find product ideas to sell on specialist discussion sites, depending on the business you’re targeting. Check out sites like GameFAQs or NeoGAF to see how vibrant the internet gaming community is.

Other online business forums for finding niche product ideas are listed below:

  • Nerd Fitness
  • Geeks to Go
  • The Fashion Spot

10.Lookup social media sites:

You may find product and specialty ideas through social media in a few different methods.

Hashtag. Try looking for relevant hashtags if you have a specific interest in a certain product category or sector of the economy. Another fantastic choice is to scan social media for hashtags like #desire and #purchase that represent buyer interest and intent.

Accounts for product curation. On Instagram, a lot of accounts provide curated product content. You’ll probably want to look for and find accounts in the niches you are really interested in, as in many of the other instances above.

Audience insinghts. You might be able to locate ecommerce business ideas using the information about your audience if you currently have a business page on one or more social media networks. Find out which pages, interests, hobbies, and other traits they have, and then come up with product ideas based on those observations.

Instagram:

Instagram offers an intriguing alternative for finding creative product and ecommerce company ideas beyond just images of food and dogs. It’s photo-based, making it simple to swiftly skim through a variety of ideas and images.

Facebook

Out of all social media platforms, Facebook continues to have the most active members. There’s a likelihood that the market you’re attempting to target is on Facebook.

Check out the Facebook groups that are popular in your field in addition to hashtags, trending topics, and popular sites. Cat in the Box creator Dawn LaFontaine participates in and interacts with participants in Facebook groups related to her speciality: cats. One of these pages, dubbed Purrtacular, has a sizable and active following, according to Dawn.

“Cat lovers all across the world upload amusing images of their cats as well as thoughtful queries about their well-being and behaviour. These inquiries and the group members’ responses frequently offer a glimpse into the types of difficulties cat caretakers deal with. Dawn draws inspiration for her web store’s products from these difficulties.

Pinterest

Compared to other social media channels, Pinterest has the highest average order value of all the sales. This shows that people use Pinterest to browse, shop, and make purchases, making it a great place to investigate popular goods and trends. It’s simple to scan and uncover inspiration for ecommerce company ideas on another visual platform.

Snapchat

Snapchat, which is clearly more suited for a younger audience, offers fewer trend-spotting options. Find out what the Snapchat community is talking about with the Discover feature, and learn more about the requirements and motivations of your target audience by following influencers in your niche.

Twitter

The latest Twitter trends might be used to generate fresh e-commerce business concepts. You may view what is in demand in your network or a particular area. When you log in to twitter.com, you can see these trends on the left-hand side, or on the mobile app, search for the Explore option.

TikTok

The one-minute video app claimed to have more than one billion users and be the most downloaded app of 2020 in a 2021 announcement. TikTok is well-known for its dancing challenges, viral videos, and as a platform for brand promotion. Trending music, memes, and challenges may all be found on TikTok. You’ll never run out of inspiration for brand-new product concepts.

specialty social media platforms
Social media platforms with communities devoted to relevant interests and subjects are another resource for finding niche product ideas. Here are a few as illustrations:

  • MapMyFitness
  • Houzz
  • Untappd
  • Care2
  • WAYN

11.Read client testimonials posted there and elsewhere:

Check out your own client testimonials if you currently operate a business (online or off). Smart businesspeople take into account client recommendations and the reasoning behind them and react appropriately.

Look at reviews of businesses and items in your niche if you don’t already have any to evaluate. Pay close attention to consumer complaints to find commonalities, then figure out how to design a solution that would address those issues. The best location to discover frank user reviews is on Amazon.

12.Examine SEO data and insights:

SEO (search engine optimisation) insights may show you what’s popular internationally or in particular regions of the world. There are several tools available from Google, both free and paid:

Trends on Google. Discover what is popular both internationally and locally, and select from niche subjects like business, health, and science and technology. To find out what’s most popular, you may also explore top articles. When researching keywords for a certain industry or idea, you may look for similar searches that are often made as well as predicted peaks in search traffic (which can help you decide when to launch your product).

Search engine keyword planner. You may use the Keyword Planner to identify keywords with similar search volumes to your chosen terms. You may also check the Google Ads competition to see whether anybody else is placing bids on the keywords you’ve chosen for your potential online store.

with Google Analytics. If you already have a website, you may utilise Google Analytics data to see what terms people are using to locate it. Volume isn’t always crucial; you can come up with your next great idea while searching for a longtail, descriptive term! The same insights may be discovered using information from your onsite search as well.

search on Google. A frequently overlooked resource for your SEO study is Google.com. When conducting a search on Google.com, you should pay attention to a few important places, including predictive text (which appears as you write your query in the search field), sponsored advertisements at the top and on the side rail, recommended searches (which appear at the bottom of the page), and Google Shopping results. Don’t forget to look at the news and photographs as well.

Consumer-oriented periodicals in your field can provide a wealth of information about a market sector and current trends. Think about the topics covered in these media and the pieces that have the biggest impact on the readership. Look at the number of comments, social media interactions, or social media shares an article has to determine which ones are the most well-liked. The most well-read articles may provide ideas for specialised markets.

14.Take advice from your rivals:

Learn from the achievements of your rivals and well-known companies in your sector. Which of their product launches have been the most successful? Why did they have such success? Brands occasionally explain the what, why, and how of new goods.

Examine their community in addition to their merchandise. What makes their target market adore their products? Analyse the brand’s messaging to consumers and how people are engaging with it online. Look for solutions to cover any holes in the product lineups of your rivals with your new offering.

Nolah’s CMO and co-owner Stephen Light doesn’t continuously have fresh goods available. The firm offers new items only if it believes they significantly enhance its current product line because it has a limited selection of products already available. When Nolah ultimately chooses a new product, it does so at the point when its goal, audience demands, and market competition all converge.

We just introduced new environmentally friendly mattresses and bedding because, according to Stephen, “we saw a gap in the market for a truly natural, sustainable mattress.” “Consumers are seeking more environmentally friendly items since they are better for the planet. We also sought something that would help us in our goal of developing mattresses without the usage of conventional memory foam, which is not sustainable.

Innovation is a great objective, but according to Stephen, “it’s meaningless if it’s not backed by hard, accurate customer and market evaluation data.” According to him, “New products must start with the same fundamental principle as any other: resolving a genuine audience need or problem. Work to fill in the gaps based on your knowledge of the competitive environment and customer pain issues.

15.Make consumer surveys:

One of the finest methods to obtain both qualitative and quantitative audience insights is through surveys. Create inquiries concerning the issues and difficulties they encounter, the goods they adore most and why, and the things they wish they had to improve their daily lives.

Mix multiple choice and open-ended questions into your survey to gain insight into respondents’ thoughts. When you are coming up with ideas for your e-commerce firm, use this knowledge.

You may use the following resources to design and disseminate your survey:

  • SurveyMonkey
  •  Google Surveys
  • Zoho Survey
  • Alchemer
  • Typeform

Through a private Facebook group with your VIP clients, you may also collect feedback. Michael Tunney, the CEO of KeySmart, advises using it to generate fresh product ideas. The company, having gathered input, “takes the ideas from all of those sources and then creates product mockups to present to our staff and top customers to see what they think will be a success.”

16.Crowdsource:

Similar principles govern crowdsourcing and polling, however with crowdsourcing, you are more explicitly soliciting ideas. One company that successfully uses crowdsourcing to develop fresh product concepts is Lego Ideas.

The website allows users to contribute their own Lego set ideas, as well as popular and effective ones. Create your own crowdsourced ideas or get inspiration from those hubs.

Check out the following if you wish to run your own crowdsourcing campaign for selling product ideas:

  • Chaordix
  • IdeaConnection
  • InnoCentive

17.Consider the past:

To learn from the past is one method. You may generate a list of product ideas to sell by looking at historical events and previous fashion trends. This is one strategy that Dogfish Head Craft Brewery employed when it developed its line of Ancient Ales products, which employ vintage brewing methods.

But historical methods and events are not the only things that constitute history. Trends in popular culture are also a topic. Consumers enjoy nostalgia, and this is especially true in fashion, where styles frequently come back into style. Numerous movie and TV programme reboots have sparked a resurgence in interest and zeal among viewers, as have choker necklaces.

This sensation of nostalgia can be evoked by using a product that is no longer in production or by emphasising a long-forgotten topic that is likely to bring back pleasant recollections.

What types of product concepts are in demand?

Based on Shopify sales statistics, here is our list of the top popular product ideas.

  • Shoes Toys
  • pencils and pens
  • ornamental bottles
  • Drills
  • Cutters
  • GPS-based navigational aids
  • Bras
  • automobile components
  • Office furniture
  • Projectors
  • Bathroom tissue
  • digitised art
  • eyebrow fillers
  • Bright signs
  • Computer tablets
  • water containers

Just 40% of created items reach the market, and only 60% of those 40% will earn any money at all. Selling in-demand items may make or ruin your business, particularly in the beginning. Avoid wasting money on a product that no one will purchase.

Utilise the aforementioned list to add these items to your store using a dropshipper like DSers. Alternately, you may innovate on existing items and produce a version unique to your brand’s goals, audience demands, and market conditions.

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