01 | Trend-Driven Product Funnel
How to Identify Effective Bestsellers?
Relying on historical sales data to analyze rankings can be cumbersome and time-consuming. GoodsFox’s "TikTok Bestselling" offers a quicker and more effective solution. By combining product growth rates with market trends, this list highlights the top 6% of products in sales over the past three days, which are not only selling well but also showing positive growth.
Source: GoodsFox
Why Choose the Top 6%?
Inspired by the "80/20 Rule," we found that a 6% threshold is more precise for identifying potential bestsellers, filtering out products that lack selection significance.
02 | Predicting the Next Hot Seller
Uncover Trends Through Data:
1. Spot Products with Clear Growth Trends
The rankings now include data for Top 2%, Top 4%, and Top 6%, allowing you to quickly see which products are achieving high sales. For example, one pillow surged to the Top 2% in just two days, indicating strong demand.
Source: GoodsFox
2. Avoid Wasting Resources on Low-Return Products
Some items might have high sales volumes but low profit margins. It’s crucial to evaluate product value and projected sales to avoid falling for false prosperity. A profit margin below 20% means you should proceed with caution; focus on products that have both potential and high returns.
3. Assess Market Response
Products with advertisements are tagged with an "AD" label.
Source: GoodsFox
Sellers can click on the product name to access detailed insights on advertising trends. Understanding both sales and advertising effectiveness helps evaluate true market demand.
Source: GoodsFox
In a market governed by the "80/20 Rule," leverage this insight to become part of that successful 20%. As Lin Yutang said, “The wisdom of life lies in gradually filtering out the unimportant and retaining what truly matters.”
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