Mika
VIP Contributor
In order to generate sales, the main requirement is traffic. If you don’t get quality traffic, you can’t sell. Another problem is competition. A lot of people are already selling the same product and you cannot stand out in the competitive market.
It is ok to sell in a market that is competitive yet proven to be profitable but you need to do something before selling.
Market Research: Before you create your product, you need to do research. You should try to find out whether there is a demand for your product. The research should also involve knowing your competitors and knowing your competitor’s products (features, price, etc.).
Unique Selling Proposition: Standing out in a competitive market is very important in order to generate sales. The stronger your unique selling proposition, the more sales will pour in. You need to offer something with your product so that the buyers choose to click on your product instead of your competitor's product. You need to offer your product to the specific target audience.
It is ok to sell in a market that is competitive yet proven to be profitable but you need to do something before selling.
Market Research: Before you create your product, you need to do research. You should try to find out whether there is a demand for your product. The research should also involve knowing your competitors and knowing your competitor’s products (features, price, etc.).
Unique Selling Proposition: Standing out in a competitive market is very important in order to generate sales. The stronger your unique selling proposition, the more sales will pour in. You need to offer something with your product so that the buyers choose to click on your product instead of your competitor's product. You need to offer your product to the specific target audience.