Wish has become a very famous site for buyers and sellers. Millions of products are being sold there. Knowing this fact, it is a bit difficult to know what to sell on Wish that will definitely attract lots of buyers. Here are some tips on how you can come up with the right products to sell on Wish.
Listen to Your Market Demand
A basic law in business is the “law of supply and demand”. Obviously, if more people want or need the product you offer, then the more sales you’re most likely to make. Is there a way to know which product is more likely to have the greatest demand in your market?
First, you need to pick your niche or target market. For a new business owner, it’s always to start with a smaller niche of market and work your way up. After you have determined your niche or target market, the next step is to do your own research or even conduct a feasibility study so you would have an idea on what’s your next move.
Understanding your market wants will help you better decide what to give them. Aside from knowing your market demand, you need to know where you can get the products they want. Can you contact a reliable supplier to provide you with quality products for retail? You should have enough data about how or where to find a legitimate and reliable supplier.
Another factor to consider is your competition. How many other sellers offer the same exact product that you plan to sell? How can you offer something different to your target market? What can you do to rise above your competitors? You should ask yourself, is the market you and your competitors big enough to accommodate all of you? You can read this great guide to sell on Wish to get more ideas.
A healthy competition is always welcome but if your market is just too small to accommodate all sellers, you may find it very difficult to outweigh old time sellers. The great thing about Wish is that there is always a bigger market to serve. Since your customers can come from anywhere in the world, the size of your market should be the least of your worries.
Grab the Opportunity on Seasonal Demand
As a seller, you need to stay alert about the trend in your market. You should always keep in mind that hesitation is not good when grabbing the opportunity being offered to you but also remember to choose wisely when you encounter these situations. Conduct surveys ahead of time so you can have a more solid basis for your market projections.
Anticipating market trends is a smart way to take advantage seasonal demands. By making informed guesses, you can prepare your stocks at least a month or two before the Peak Season arrives. By anticipating trends, you can be sure that you will have enough stocks for your own market.