To start your women's handbag business on e-commerce platforms, you can follow these steps:
Determine analysis objectives
Specify the specific aspects you want to know, such as the types of bags, their sales trends, popular styles, price ranges, mainstream colors, consumer reviews, etc.
Choose an e-commerce platform
Select mainstream e-commerce platforms with high traffic and diverse product categories, such as Amazon, eBay, Etsy, Walmart, etc.
Keyword search
Search using relevant keywords such as "fashionable tote bag", "student handbag", "shoulder bag", "sliding bag", etc.
Filtering and Sorting
Filter and sort search results based on factors such as sales volume, reviews, and prices to quickly find representative products.
Analyze product details
View the details page of popular products, including product descriptions, material specifications, size specifications, design features, etc., to understand the characteristics of the product.
Study price distribution
Record prices for different brands and styles, analyze price ranges and price fluctuations.
Observing sales data
Pay attention to monthly and cumulative sales data of products to understand the size of market demand.
Analyze consumer reviews
Read consumer reviews and feedback to understand their satisfaction, strengths, and weaknesses with the product, in order to assess its quality and market acceptance.
Track brands and stores
Pay attention to high selling brands and stores, and monitor their frequency of new listings, marketing activities, etc.
Compare data from different time periods
Regularly conduct search and analysis, compare data from different time periods to discover market trends.
Utilize platform tools
Some e-commerce platforms provide data analysis tools or industry reports to fully utilize these resources to gain deeper market insights.
Make Sample
Through the above comprehensive analysis, we can have a comprehensive and in-depth understanding of the market situation of women's bags on e-commerce platforms. Then, you have the product you want to develop in your mind. At this point, you can find a designer to help you design several products, determine the logo and brand name, and then go to an OEM manufacturer, such as mingyuebags, to make samples based on your product image and logo. After repeated modifications and demonstrations, the final product can be determined.
Mass production
Finally, through Mingyuebags' bag factory, large-scale production can be carried out in places like China where labor is cheap, in order to reduce costs and gain greater competitiveness and profits in the fiercely competitive market.
Selling on the platform
With your own products, you can sell them on various e-co platforms or open offline retail stores to start your business journey.
