Thursday, 9 April 2015

Is your product the ideal one for online store? Use our checklist to verify

To sell or not to sell? Is this product a profitable one or has a high risk of loss? Too many questions in your mind and unable to choose the right product? Use a check list!
Checklists are quite beneficial while weighing your options. Knowing the pros and cons of a product will always prevent losses in your online store. We have here a checklist for quick assessment of the products you are planning to sell online. This is based on the last few lessons about evaluating a product to be sold online. Assess each product (or a group; for eg., mobile phones) using this checklist to know whether it is an ‘ideal’ one or the one which needs to be avoided.
Mark the options for each of the aspect and evaluate the result according to the key mentioned at the end.
Checklist to evaluate if your product can sell online
Product demand (Google trends analysis)
1.    Increasing trend for product
2.    Moderate increase noted
3.    Fluctuating trend
4.    Decreasing trend for product
Competitors
1.    Niche market (no competitors)
2.    Moderate number of online stores
3.    Many stores already have it
4.    Widely sold online as well as offline
Local Availability
1.    Not available locally
2.    Available in select areas only
3.    Available in supermarkets only
4.    Available at all stores
Durability
1.    Sturdy product, can be shipped with minimal protection
2.    Durable product, but will require careful packing
3.    Will require a sturdy packaging
4.    Highly brittle (such as glass)
Shelf life
1.    Can be stored for months
2.    Can be stored for a few weeks
3.    Can be stored for a few days
4.    Needs to be used within 2 days
Size & Weight
1.    Small size and weighs a few grams
2.    Moderate size and weighs within a kilo
3.    Medium size and weighs within 5 kilos
4.    Big size and weighs more than 5 kilos
Consumable or disposable?
1.    Needs to be bought again within a week
2.    Can last for a month
3.    Lasts for 6 months – 1 year
4.    Can be used for more than 2 years
Market life
1.    Product will be in demand for more than 5 years
2.    Demand can decrease after 3-4 years
3.    Product will be in market for at least 2 years
4.    Can be replaced with newer variety within 6 months-1 year
Restrictions
1.    No restrictions for local sales and sales across the state
2.    Restricted in a few states
3.    Restricted in many states
4.    Restricted for local sales only
Scalability
1.    Can increase the number of products being sold immediately
2.    Can increase within a short time
3.    Needs about a month to increase the number of products being available
4.    Is a niche product which is made to order; requires more than a month for each product
Product experience
1.    Have been selling on other online avenues such as eBay
2.    Have a retail store selling the same products
3.    Have experience of selling similar products
4.    Have not sold any product till now
Answers
Majorly ‘1’: You have the ideal product in mind and you can right away start planning for the online store.
Majorly ‘2’: Not the ‘ideal’ product, but still has the potential to become one with proper marketing and after sales service.
Majorly ‘3’:  Tricky product. With adequate marketing and wise selection of the product varieties, you can still make enough profit with it.
Majorly ‘4’: Risky product. Has a high risk of loss. Reconsider a different product as the success may be short lived.
Although this checklist may not be a perfect one to identify the ideal product, it still gives an insight of the product performance. 
Create your free online store in just ONE simple step with WorldMart. On sign-up you get a free eCommerce website with hosting, shopping cart, store manager, in-built marketing and everything you need to sell online.

Try Free for 14 days

34 comments:

  1. Another interesting articles and i find more new information,i like that kind of information,not only i like that post all peoples like that post,because of all given information was very excellent.
    Oracle SQL Training in Chennai

    ReplyDelete
  2. Watch out for SEO Tools and software that is outdated and totally useless. Always research before you buy any SEO software because the search engine Algorithms are constantly changing thereby improving their search technologies to provide the most relevant results for their users.Blog Comment

    ReplyDelete
  3.  If someone week i really ashen-haired not actually pretty, whether you will lite grope a present, thought to follow us to displays bursting with ends of the earth considerably? Inside the impeccant previous, sea ever have dried-up, my hubby and i only may very well be with all of you connected thousands of samsara. 트레이드어덜트

    ReplyDelete
  4. A good blog always comes-up with new and exciting information and while reading I have feel that this blog is really have all those quality that qualify a blog to be a one. ECIG

    ReplyDelete
  5. Hi, I log on to your new stuff like every week. Your humoristic style is witty, keep it up free classified ads

    ReplyDelete
  6. I have recently started a blog, the info you provide on this site has helped me greatly. Thanks for all of your time & work. www.yoursafetyspy.com

    ReplyDelete
  7. Really appreciate this wonderful post that you have provided for us.Great site and a great topic as well i really get amazed to read this. Its really good. Nutraburst

    ReplyDelete
  8. Excellent article. Very interesting to read. I really love to read such a nice article. Thanks! keep rocking. Blog

    ReplyDelete
  9. I went over this website and I believe you have a lot of wonderful information, saved to my bookmarks Plus Size Babydolls and Chemises

    ReplyDelete
  10. BUY instant custom boxes with logo, custom printed boxes, custom packaging UK with 100% free shipping on 1 click. BPB is a complete online custom packaging boxes solution custom made boxes uk

    ReplyDelete
  11. This comment has been removed by the author.

    ReplyDelete
  12. I have read all the comments and suggestions posted by the visitors for this article are very fine,We will wait for your next article so only.Thanks! what are the best foods to cook in an air fryer

    ReplyDelete
  13. Wow, What an Outstanding post. I found this too much informatics. It is what I was seeking for. I would like to recommend you that please keep sharing such type of info.If possible, Thanks. best garden hose to use with pressure washer

    ReplyDelete
  14. perfect method? I have a venture that I am simply now running on, and I’ve been at the glance out for such info.verizon wireless store

    ReplyDelete
  15. I can see that you are an expert at your field! I am launching a website soon, and your information will be very useful for me.. Thanks for all your help and wishing you all the success in your business. Iaso Tea

    ReplyDelete
  16. Your product is so nice. I love to hear about this topic more. And I will recommend this to my family and friends. Please update your blog post with more information and with other products also.lipstick packaging

    ReplyDelete
  17. All the contents you mentioned in the post are too good and can be very useful. I will keep it in mind, thanks for sharing the information keep updating, looking forward to more posts. Thanks.parveen shakir sad poetry in urdu

    ReplyDelete
  18. I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article. peliculas online gratis

    ReplyDelete
  19. If you are looking for an authentic and genuine experience certificate provider, you should contact us. . Get experience certificate today at the tap of your finger with Experience Certificate India without any hassle. Further More Information Here- 9599119376 or Visit Website- https://fake-experience-certificate.yolasite.com/

    ReplyDelete
  20. Great job here on _______ I read a lot of blog posts, but I never heard a topic like this. I Love this topic you made about the blogger's bucket list. Very resourceful. Vape Juices

    ReplyDelete
  21. This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like ‘Mixview’ that let you quickly see related albums, songs, or other users related to what you’re listening to. Clicking on one of those will center on that item, and another set of “neighbors” will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune “Social” is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.arrow sling shot

    ReplyDelete
  22. I am grateful to this blog site providing special as well as useful understanding concerning this subject.
    sextoys online

    ReplyDelete
  23. Thanks for the blog loaded with so many information. Stopping by your blog helped me to get what I was looking for. maid service springfield va

    ReplyDelete
  24. Without fail, your writing style is top professional; even your website also looks amazing thank you for posting. SAC Start

    ReplyDelete
  25. I was frankly worried by your silence and tempted to contact a couple of people closer geographically with inquiries but that seemed intrusive. I was relieved when I saw a online store couple of comments from you but still concerned. I'm very glad to hear that you got the care you needed and that you're recovering. I'd hoped you were on vacation but I didn't imagine one of exactly this type!

    ReplyDelete
  26. I am very much pleased with the contents you have mentioned. I wanted to thank you for this great article. gifts for her australia

    ReplyDelete
  27. Excellent .. Amazing .. I’ll bookmark your blog and take the feeds also…I’m happy to find so many useful info here in the post, we need work out more techniques in this regard, thanks for sharing. gift hampers australia

    ReplyDelete
  28. It must be heartening to see so many good wishes for your full recovery here from your followers. I join in Martial Arts for Children them in hoping that you are back in fine fettle soon. But of course, if you are still feeling slothful, there's nothing wrong with that either. Take care of yourself, there's only one of you and you're it.

    ReplyDelete
  29. Beaver says I also have such interest, you can read my profile here: Best Crownful Air Fryers

    ReplyDelete
  30. Thanks for taking the time to discuss that, I feel strongly about this and so really like getting to know more on this kind of field. Do you mind updating your blog post with additional insight? It should be really useful for all of us. maid services Virginia

    ReplyDelete
  31. Great article with excellent idea!Thank you for such a valuable article. I really appreciate for this great information.. miami resin flooring

    ReplyDelete
  32. Your work is very good and I appreciate you and hopping for some more informative posts. Thank you for sharing great information to us. Taikuri syntymäpäiville

    ReplyDelete

Comment With Your Opinion , Reviews & Information On This Topic