Spot Trends & Patterns: Position Your e-commerce Business for Success!

Emotions drive consumer purchase habits, and market trends is the fuel to rile up the human emotion. When a certain item is getting a lot of attention, people tend to want to know more, and then, they want to have such items or products; it is the crowd mentality and this is basic human behavior.

A good retailer would definitely consider the current trend when making a decision on the products he wants to sell. The ability to identify a consumer trend would give you an opportunity to construct a highly profitable business around this trend. This is because, whatever is trending is in demand, and whatever is in demand will sell like hot cakes!

In our last post, we identified a major trend in our time; consumers are buying goods and services online like never before! This trend has revealed an opportunity in the e-commerce business sector, which we duly pointed out to you.

Spotting trends within the e-commerce business sector is the nitty-gritty of our discussion today. In order to catch these patterns or trends, research is required by the seller, to see what works in the market and what doesn’t. Identifying your competition and seeing what they’re doing, find out what product is currently marketable and tailor your ideas and resources towards this end i.e. piggy bag on this trend.

It is a brave and admirable thing to bring a new product into the market, however, this carries massive risks and only two outcomes; either you fail miserably or you succeed; and therefore create a new market trend. The latter is not easy to accomplish. If you are just starting out, it is advisable you look at the market properly, thoroughly study the products in circulation, look at the competition and move in direction of the trending product.

Studying the market, your competition, the product cycle….Arrrggggh! This seems like too much stress right? If you are thinking along these lines, there is no need to fret. There are several tools available to help ease the burden of market research. The good news is that we are offering such tools for you as well.

To study your competition and see what is working for them and what isn’t, we have the competitor spy tool. You can check it out here.

Best seller finder is another tool that is specially configured to handle market research and just like the name, it will help you in finding the best products with the highest grossing profits! In other words, it will help you to spot consumer trends!! Isn’t this wonderful?

Give yourself an edge over the competition. Go check out our tools now!

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P.S. Upgrade to VIP Club and Unlock All The Videos and Tools. Instant Access and $1 Easy Trial

Last Wall Comments

 
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 george says at 22:58 et
Good point. thx for sharing! Love the effort you put in helping others here
 
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 Mike says at 23:12 et
Nice one Pat! Let me know when you reach 2k per day :)
 
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 Mike says at 23:14 et
I use my sourcing agent for that.. You can check the links in the RESOURCES section.. I also heard asiainspection is great too
 
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 Natalie says at 21:01 et
Please recommend an app for to show related products on shopify?
 
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Claudia says at 21:02 et
@Natalie.. Check Personalizer - Targeted Recommendations by LimeSpot.. it's in one of the videos of the course too!
 
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 Wolf says at 21:13 et
What is estimates for air express and air freight?
 
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 Rob says at 21:13 et
Depends on the product and provider.. Usually express is around $6/kg and air freight $4 to 5.
Sea freight is much cheaper but slower.
 
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 Speedy says at 21:41 et
Guys, i am lost with all the VAT paperwork in EU, any help?
 
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 Uncle Sam says at 21:41 et
Check FBA-hero .. helps you to setup and grow your Amazon business in Europe. Reach 700 million new customers fast, easy and secure.
from their site "We take care of your company EORI and VAT registration and all ongoing tax returns. Get your products not just translated, but localized to all 5 marketplace languages.
 
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 Diego says at 17:33 et
I see many people start to use emoji in aweber but i dont udnerstand how to add them to titles??
 
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 Chris says at 17:36 et
Aweber says "use this http://getemoji.com - so it's allowed
 
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 Eddy says at 23:40 et
I am getting ready to launch my first product soon, but I am wondering how will I market my product?
 
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Claudia says at 23:41 et
Please check the video about the launch process, we explained step by step!
 
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 little_tiger says at 23:42 et
Yes, good video... In short stage the launch, run give aways to gain momentum, run PPC , get follow up series installed, start lightning deals. Reach 10 sales per day goal!
 
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 sultan says at 23:43 et
Whats up guys, should i raise product price when doing ppc??
 
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 Evan says at 23:44 et
it's about high conversion rates you get!
 
Andres says at 00:29 et
Hi
is this for world wide market or just USA?
 
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 Uncle Sam says at 00:32 et
Andres, what "this"? Shopify drop shipping model works worldwide of course and chinese suppliers ship worldwide.. AMazon FBA works wit many countries as well (not all). But you can sell on AMazon USA for example even if you dont live in usa. its not a problem!
 
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 lou says at 00:32 et
Right. Important where you sell, not where you live!
 
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william says at 12:34 et
Hi everybody, I'm new here and is excited. I'm just looking at the Course Intro. I'm starting with ZERO and will keep you guys posted.
 
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Claudia says at 12:35 et
Hi William, great to have you here!! I'm sure you will love it. Share your progress with us!
 
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 little_tiger says at 12:11 et
Btw great idea for you: customized license plate... build shopify store, then source from sites like buildasign.com Then promote via Facebook ads. Like PUGS licence plate for pug owners etc
 
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Andres says at 04:42 et
Hello new one here.....Is there a video on how to choose your product and niche?
 
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 Mike says at 04:43 et
Of course Andres, a big part of both Shopify master and Amazon FBA video course is devoted to it, please take your time to watch!
 
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 Kylie says at 08:54 et
welcome Andres... there is also a new cool tool with automatic daily ideas for the product that sells well, called Garlic press smasher
http://sellslikehotcakes.co/garlic_press_smasher.php
 
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 Mike says at 09:01 et
Yes, for example today

Idea of the day:
Acorn Chrome Lug Nut and Lock System (1/2" Thread Size)
(Selected automatically. Come back tomorrow for more product ideas)

Sales Statistics:
Total sales volume of top 10 sellers / month: 3463 (Recommended 3000+)
On Average top 10 sellers are selling 385 units per month. (Recommended 300+)
Reviews: top 10 sellers have average 277 reviews
Average price of the product from top 10 sellers: $31.25 (Approximate FBA fees: $6.25)
Top 10 sellers approximate average gross profit per month $12846.11
 
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Claudia says at 12:02 et
right, new idea every day!
 
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Dimitrios says at 14:05 et
I know that SLHC don't prefer retail arbitrage, but does anyone knows any good site that provides good lists for arbitrage?
 
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 Gab says at 14:05 et
what did you mean by lists
 
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JADA says at 10:21 et
Hi there, I'm new here. I wanna launch a new product. I'm going to ask a few friends to get the product and make review with 5 star. How many reviews should I get at the launch in that way?. 15 is too much at the start?
 
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 Mike says at 10:23 et
Welcome Jada.. Please see the course video about getting reviews. Amazon will most likely remove most of your friends reviews as it's against their TOS.