Identify a promising niche and popular products. This will allow you to save on unprofitable products.
Find a balance between supply and demand. A shortage of balances on the marketplace will significantly lower the rating of the product card. Excess positions will increase storage costs.
Calculate the approximate profit. It is important when developing a business plan and development strategy.
If you are looking for a suitable platform to sell your products, tunisia consumer email list read our article on how to choose the right marketplace for top sales.
1363_1.png
For advanced sellers
In order to:
Identify errors and reduce risks. Analysis of other people's sales, balances and prices will help to adjust business processes in time.
Follow market trends. Allows you to increase the turnover of trendy goods and regulate their prices.
Increase the number of SKUs (sku - warehouse inventory unit). You can expand your own assortment with items that are in demand among competitors.
Why do you need competitor analysis? For beginners
-
- Posts: 71
- Joined: Sun Dec 22, 2024 6:15 am