When sellers on the eBay platform are looking for products, they must first develop ideas based on the product itself. The amount of information included in the product is huge, so let’s take a look at the ideas for finding products on the eBay platform. Any product generally goes through the following stages in the market: Phase 1: Research and development A product starts from a concept (Idea) and grows fastest in the first stage, but there is no competitor at this stage, which is the monopoly stage (Monopoly). Stage 2: Growth Stage This stage reaches its peak and begins to decline, while competitors begin to emerge and increase rapidly, entering the next stage as they approach the peak. Stage 3: Mature stage The number of competitors reaches its peak in the mature stage. This stage is called a perfectly competitive market from an economic perspective. The market size at this stage may be the largest, but the profit margin is generally not as good as the previous two stages. At the same time, no one is willing to exit because of the profit, but because the competition is fierce enough, no one is willing to enter the market again. Stage 4: Decline In this stage, the product is no longer developed and improved. As the market is flooded with too many products, supply exceeds demand, and profit margins continue to decline. Price wars will occur for some products, competitors will begin to withdraw, and the market will begin to shrink. At what stage in a product's life cycle does it enter? First of all, it is definitely not the third or fourth stage, because profit margins began to decline in these two stages. So what about the first stage? Generally speaking, most people do not have the ability to develop products. Even if they have the ability to develop products, it will be time-consuming and labor-intensive, and there is no guarantee that the product will become a trend in the future market. So entering in the second phase is the best and most realistic option. To be more precise, we hope to enter a market in the second phase, and the earlier the better. A few useful tools: http://www.watchcount.com/An online statistical tool that calculates the popularity of products and lists the most popular categories. Terapeak: Access years of real global sales data on millions of products. Analyze markets, categories, competition, top trends, and products to find the best products to sell on eBay. Analyze the market from the product perspective and use some tools to help you choose products. The above is an analysis of some ideas for finding products on eBay. If you want to know more about eBay information, please continue to pay attention! |
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