To start the journey of becoming a successful ecommerce entrepreneur, you must do your homework to figure out what product ideas and target markets potentially represent great ecommerce opportunities. However, you must also realize that such ideas will rarely be sourced from random places.
“You must purposely identify places where you can easily find vast amounts of information, for ideas about products that can potentially solve the real pains of potential consumers,” explained Issa Asad Florida entrepreneur and social media expert. Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.
You may already have your own ideas or even consider adapting some existing brick and mortar business models into ecommerce opportunities, but the internet provides many sources with unlimited ecommerce ideas.
Here, Issa Asad Reveals Tips for Finding Product Ideas for Ecommerce Businesses:
There are great publications out there on the internet tracking the latest consumer trends. Trends are very powerful and the publications therefore provide a critical source of information that you can sift through for some market intelligence gathering. The best of these online publications will give you a clear picture of what consumers are likely to be buying more if not doing that already, and how successfully entrepreneurs are positioning their products to meet the new demand.
B2B Wholesale Online Marketplaces
Where wholesalers and manufacturers converge, you can expect exposure to one of the largest categories of products and markets. You will probably discover industries, products and ideas you have never imagined about before. Alibaba alone will provide overwhelming product categories for you to consider if they have the kind of potential you are looking for. This is a giant ecommerce company in the same ranks with as eBay and Amazon. It will help you find anything wholesalers and manufacturers in Asian countries have to offer.
Online Consumer Marketplaces
Many ecommerce entrepreneurs have been mining tons of information about new products and ideas from the top online consumer marketplaces. Here you consider names such as Amazon and eBay with millions of products of products and the most diverse ecommerce product categories between them. You can’t succeed in finding your product idea here without a proper way or a strategy to do it. Fortunately, you can take advantage of lists such as Amazon Bestsellers and Amazon Movers and Shakers which are updated on an hourly basis.