Market research is important during the early, middle, and later phases of your business venture, but what is most important at any particular point in time is the start-up. Before you start selling on Shopee, one of the first questions you may ask yourself is: “what products should I sell?” Answering that question is where market research comes in. Market research is a type of research that answers the question: what products are people looking for the most that lead to complete purchases?
Shopee Sales Database is a new feature in Split Dragon which helps you to do market research quickly and in just a few minutes. This is a search feature with additional filters that will help you find any information you want in the market.
This is not limited to just finding products to sell. In the end, it can help with the following:
- Find your competitors
- Find out how much your competitors are making
- Find the average seller rating of your competitors
- Identify the best products to launch per market
Why Is Market Research Important For Online Sales?
Unless you’re doing market research, you’ll just be selling another product that may or may not make a sale.
Market research when it comes phone number list to selling online at Shopee is important because it helps you do the following:
- Create a foundation for your business if you are building a brand
Therefore, Doing market research helps you actually choose the products you want your brand to circulate. A business venture with a strong foundation will help you build a brand that people love and can grow over the long term.
- Make a quick sale
Launching a product that has undergone efficient market research will increase your chances of getting a greater ROI even in the first phase of your business.
- Make long-term sales
Market research done right will help you increase revenue for your brand over time.
How to use the Shopee sales database to decide which products to launch next + examples
Therefore, Login to your Split Dragon account. Click Market Research from the sidebar and select Shopee Sales Database.
The irst thing you should do when you open your Shopee sales database dashboard is select the country you want to inquire about. If you are a Shopee PH seller, choose Philippines, if you are a Shopee TH seller, choose Thailand, and so on.
In this particular example, we will CNB Directory use the Philippines market.
Think about the industry you want to focus your sales on and check the appropriate boxes. You can also choose to Select All if you’re not sure.
