eCommerce Product Market Demand helps you determine whether the product you wish to sell on your online store has demand in the market. Check out the steps to perform it.
1. 3 Steps to Check
eCommerce Product
Market Demand
2. What is eCommerce Product Market
Demand?
A demand for specific products or services in the market that you wish to
sell on your online store
Checking product market demand helps -
• Determine your ideal buyers
• Help in your marketing efforts
• Determine whether your product can help earn revenue & profit
3. Step 1 - Use SEO tools to identify search
trends concerning your product
• Google Keyword Tool – Search for keywords related to your products
• Google Trends – Check the search volume for keywords related to your
product
4. Step – 2 - Market Research and Product
Demand Analysis
It will help you understand the potential market for the new product
• Collect primary (from online communities) & secondary (information you
had as an eCommerce owner) data
• Be specific about objectives
• Develop a marketing plan - assess market situation, SWOT analysis, clear
& measurable objectives, determine the budget, develop an action plan
5. Step – 3 – Competitor Analysis
Analyse your competitors
• Identify what your competitors are offering in the same product category
• Identify opportunities where you can offer something unique to your
audience
• Analyse their online marketing strategies
6. Thank You
Elevan August is a digital marketing agency that can help
develop effective SEO strategies for your eCommerce
store to improve ranking and traffic and generate leads
and conversion.
Check out our services at
https://www.elevanaugust.sg/services