Finding The Best On-Trend Products Before Your Competitors
Being ahead of your competition is an important part of any business, but most importantly for buying teams who are trying to get the best deals on the most profitable products.
Finding on-trend products is essential because these are the items that are going to sell quickly, and with the highest margins.
But how can you make sure to identify these products before your competition does?
Here are 4 ways that your business can find the best on-trend products before anyone else.
Think like a customer
One way to find the best products before your competitors is to get into the heads of your customers.
Understand the needs and requirements of your customers and the businesses you’re selling to. It will become easier for your buying teams to select products that they know are going to be of interest.
Maybe these products solve a certain pain point of your customer or appeal to their specific business niche.
Use business automation
You can’t always be expected to find all the product information yourself, so why not rely on business automation tools to help you out.
Platforms like SalesPresenter will display product catalogues and customer history so that you can identify the items that are selling well.
Keep up to date with new products
You should make sure that it’s someone’s job to keep up to date with the new products in your sector that your buying team could source.
If you get an early first look at new products before your competitors, you can quickly buy stock and start selling.
Capitalise on trends early
Similarly, to keep up to date with new products, it’s also important for your business to identify any new trends that come up in your sector and capitalise on them as quick as you can.
Using our platforms, you can easily see what customers are buying through their order history. If you start to notice lots of orders for the same, or similar, products, you might be witnessing a trend emerging.
If you ever notice this, take the opportunity to source more products in that niche that customers may also be interested in.