Post by Ismail AbdulAzeez on Sept 17, 2021 10:46:58 GMT 1
When you desire to start a new business that involves products, you should know that you will be dealing with products that are either produced locally or manufactured abroad and imported into the country.
You first need to develop a product idea; you probably have researched the product or you thought it out yourself. After this level you now need to set out a plan about how to find a manufacturer of the product you want to start selling.
In this article, we will be dealing with how to turn our ideas into products and how to locate manufacturers of the product.
Those of us in the mini-importation business know how to spot hot-selling products; and take them into the market fast. This is where the money is.
But there is a secret in the mini-importation business you need to know, and that is how to locate products that are yet to be popular in the market. When you are the first to locate such products, you will make a lot of money with them before other marketers will know what is happening.
One of the best ways to be the first to market a product is to be the developer of the product; that way you will be the sole distributor in the market, thereby making quite a good amount of money before others will join.
The first step is to have a solid and marketable idea:
For you to stay long in the mini-importation business, you must be prepared to have solid and marketable product ideas at all times. It does not take time for people to copy good products as no man is an island in this internet age.
What will make a product idea solid and marketable?
The product idea must be able to offer solution to its chosen market. If you look around in your niche market, you must see problems begging for solutions. What you then need to do is develop a solution to that problem and look for a manufacturer that can bring it into life.
Before investing money and time into the project, you have to be sure that it will generate enough revenue to cover the initial investment and other expenses incurred in the product development.
Any product you want to import and sell must be able to solve a unique problem that people have been looking for a way to deal with.
When nursing the idea of the product development, check out other similar products in the market and be sure to add unique and distinguishing features from those already in the market.
As you are gearing up towards launching your product, bear in mind those that are going to use your product; to achieve great success with your product you must think of your customers who are going to be the end-users of the product.
Your customers must derive something very exceptional from your product that is different from what they have been used to. This is the key to success in marketing.
The next step is to carry out an extensive research in order to find a manufacturer who can help in producing your product. May be you have been manually producing it yourself and now you want to automate the production by getting a manufacturer, research is very important.
You need an extensive research to get the right information on the proper path to take to find a reliable manufacturer. Not all manufacturers are reliable; therefore an extensive level of research is required.
At all levels of your preparation, you must be constantly checking to know the current demand of the product you want to manufacture.
There are great tools all over that will enable you carry out effective research before concluding on a manufacturer for your product.
Stay with us as we will continue with the second part of the article soon.
You first need to develop a product idea; you probably have researched the product or you thought it out yourself. After this level you now need to set out a plan about how to find a manufacturer of the product you want to start selling.
In this article, we will be dealing with how to turn our ideas into products and how to locate manufacturers of the product.
Those of us in the mini-importation business know how to spot hot-selling products; and take them into the market fast. This is where the money is.
But there is a secret in the mini-importation business you need to know, and that is how to locate products that are yet to be popular in the market. When you are the first to locate such products, you will make a lot of money with them before other marketers will know what is happening.
One of the best ways to be the first to market a product is to be the developer of the product; that way you will be the sole distributor in the market, thereby making quite a good amount of money before others will join.
The first step is to have a solid and marketable idea:
For you to stay long in the mini-importation business, you must be prepared to have solid and marketable product ideas at all times. It does not take time for people to copy good products as no man is an island in this internet age.
What will make a product idea solid and marketable?
The product idea must be able to offer solution to its chosen market. If you look around in your niche market, you must see problems begging for solutions. What you then need to do is develop a solution to that problem and look for a manufacturer that can bring it into life.
Before investing money and time into the project, you have to be sure that it will generate enough revenue to cover the initial investment and other expenses incurred in the product development.
Any product you want to import and sell must be able to solve a unique problem that people have been looking for a way to deal with.
When nursing the idea of the product development, check out other similar products in the market and be sure to add unique and distinguishing features from those already in the market.
As you are gearing up towards launching your product, bear in mind those that are going to use your product; to achieve great success with your product you must think of your customers who are going to be the end-users of the product.
Your customers must derive something very exceptional from your product that is different from what they have been used to. This is the key to success in marketing.
The next step is to carry out an extensive research in order to find a manufacturer who can help in producing your product. May be you have been manually producing it yourself and now you want to automate the production by getting a manufacturer, research is very important.
You need an extensive research to get the right information on the proper path to take to find a reliable manufacturer. Not all manufacturers are reliable; therefore an extensive level of research is required.
At all levels of your preparation, you must be constantly checking to know the current demand of the product you want to manufacture.
There are great tools all over that will enable you carry out effective research before concluding on a manufacturer for your product.
Stay with us as we will continue with the second part of the article soon.