Winning Product Research for E-commerce Q4/Black Friday/Christmas

Jul 12, 2024

Finding a Winning Product for Q4/Black Friday/Christmas

Introduction

  • Achieved over $10K revenue in 4 days
  • Goal: Share winning product research method
  • There's still time to find a winning product for Q4, Black Friday, or Christmas
  • Shout out to Prime bundles for significant revenue contribution

Sales Performance Overview

  • Revenue Progression:
    • Day before today: $7.2K
    • Two days ago: $4.5K
    • Today: Expected to hit $11-12K
  • Profit Margin:
    • 25% profit margin = $2,500/day in profit

Prime Bundles

  • Generates half of store revenue
  • Offers bundle options (2, 3, 4 items) for discounts
  • Contributed an extra $11,000 in revenue
  • Available on Shopify App Store

Winning Product Research Method: The Rabbit Hole Guide

Using Facebook Ads Library

  • Step-by-Step Guide:
    1. Go to Facebook Ads Library
    2. Select country (United States)
    3. Search in Ad Category: All Ads
    4. Use broad keyword: "shop now"
    5. Use filters to select only video ads
    6. Scroll and look for inspiration (e.g., DIY Christmas tree)

Evaluating Products

  • Check if ads are recently started and number of active ads
  • Minimum: 14, Preferable: 20-30 ads
  • Look for keywords used in ads
    • Example: "little ones", "Christmas DIY", "safe and durable", etc.

Practical Example

  • Example Keyword: Little ones
    1. Search keyword “little ones”, filter by videos
    2. Evaluate options using Facebook Ads Library
    3. Check for well-established ads (e.g., Little Yoga Socks with 48 results)

DIY Christmas Tree Research

  • Look for multiple competitors
    • Example: Multiple sellers for DIY Christmas Tree
  • Analyze running period and active ads
  • Note to track future ad performances

Rabbit Hole Method Continued

  • Use keywords from initial findings
    • Examples: "Educational toy", "reduces screen time"
    • Find related products and their competitors
  • Scour multiple layers of ads to discover hidden winners

Conclusion

  • Method helps find hidden winners efficiently
  • Join Discord for detailed guides and community support
  • Add bundles to increase revenue via Prime Bundles
  • Explore and test different products/categories strategically

Resources

  • Facebook Ads Library
  • Prime Bundles on Shopify App Store
  • Discord community for detailed guides