Class 6: Product Hunting by Amazon & TikTok Shop Analytics | TikTok shop free Course 2024

Introduction

Introduction

Assalam and welcome! We hope everyone is having a good day. Today, we will discuss product hunting on platforms like Amazon and TikTok Shop, helping you understand how to effectively utilize analytics to maximize your sales potential. This session is crucial for those engaged in product hunting for their businesses and learning about analytical tools to enhance their strategies.

Interview Reflections

Firstly, I'd like to extend prayers for everyone who participated in recent interviews and support for those who did not achieve their desired results. Remember, every experience is an opportunity to learn and grow.

Exploring Product Hunting and Gig Opportunities

In addition to product hunting, there are opportunities on platforms like Fiverr where you can offer services (gigs) based on what you learn here. TikTok Shop also offers a chance for those engaged with Fiverr to boost their potential through effective product hunting techniques.

After completing this course, you will be ready to tackle the gig marketplace confidently, riding the wave of trends and products that are in high demand.

Understanding Dashboard Navigation

For product hunting, it is essential to navigate Amazon's dashboard effectively. For instance, if you are hunting in the USA and using Amazon, ensure you adjust the delivery settings to reflect your location accurately. Switching between Amazon.com and Amazon.co.uk will help you understand the pricing in dollars and pounds, respectively.

• To check whether a product is profitable in the USA, set Amazon.com as your platform. Once you enter the site, change delivery settings to match your desired location.
• For UK clients, use Amazon.co.uk; similarly, adjust the delivery to fit the UK zip code for accurate pricing.

Best Seller Insights

We also touched on browsing best sellers and focusing on specific categories. Navigating through best sellers is recommended because this gives insight into what products are performing well and which categories could be worth exploring.

Price Criteria

When hunting for products:

• Aim for a price range starting from 12 pounds upwards.
• It's equally important to ask clients about their budget upfront to align your product selections with their expectations.

This session emphasized the importance of maintaining a balance between affordability and profitability while delving into clients' expectations.

Platform-Specific Strategies

On TikTok, it's beneficial to use the Growth Insights tool within the seller center to collect valuable market data. Through product insights, sellers can assess competitor performance, allowing for strategic decisions on pricing and inventory management.

Recommendations and Concluding Thoughts

• Focus on best-selling products, new releases, and aesthetically appealing categories like beauty, home, and decor.
• Use analytics tools effectively to gauge popular products and assess each item’s sales potential before adding them to your listings.
• If you're struggling to find the right products, consider leveraging analytics to evaluate competitors’ success.

Taking time to study product listings and their performance statistics gives sellers an advantage in making informed decisions about their offerings.

Keywords

• Product hunting
• Analytics
• Amazon
• TikTok Shop
• Best sellers
• Gigs
• Market insights
• Pricing strategy
• Categories
• Inventory management

FAQ

1. What platforms can I use for product hunting?

• You can use Amazon, TikTok Shop, and Fiverr to explore and offer product-related services.

2. How do I set the right price for my product?

• Consider both the client's budget and the expenses related to sourcing and shipping the products. A price range starting from 12 pounds is advisable.

3. What tools within TikTok Shop can help analyze market trends?

• The Growth Insights tool in the TikTok seller center provides valuable data about product performance and market demands.

4. Why is it important to monitor best-selling products?

• Best sellers can help gauge market demand and inform your inventory decisions, increasing your chances of making successful sales.

5. How can I convert pricing between USD and GBP effectively?

• Adjust your delivery address on Amazon to reflect the currency you want to examine, thus enabling accurate pricing conversions.

By following these guidelines, you can enhance your product hunting experience on both Amazon and TikTok, paving the way for greater success in your entrepreneurial endeavors.