Direction for product choice
I am a nurse looking at semi retirement & was wondering if you might be able to tell me what unique top end tastes the wealthy American might have? Any help would be much appreciated, I am just exploring as a newby.
Study what your competition is selling and how they reach their customers. Whatever niche or industry you’re thinking of breaking into, spend some time examining what your potential competition is already doing. Research what products they sell; what’s on sale or clearance (potential bad sellers) and what’s full price (more profitable/better-selling items); where they sell, online, catalog, or in-store; and how they market the products outside of their sales channels – Facebook, email, etc.
This will give you an idea of what products sell within your target market and how competitors reach these customers. This information will help you formulate your own concept, strategy, and product ideas. Hope this helps, good luck!