Post by tanjilaakterjarin12 on Nov 13, 2024 8:03:14 GMT
Launch phase: This is when the product is new on the market and attracts the public precisely because it is new. Growth phase: the product becomes the sensation of the moment and becomes a trend. Maturity phase: the product remains on the market, with a well-defined sales rhythm. Decline phase: In this last stage of the cycle, the product no longer sells as quickly or easily and is replaced by what is new on the market. New trends give way to obsolescence. Sales cycle of a product The length of the phases of this sales cycle will depend on the niche, for example: seasonal textile products will have a shorter sales cycle than products in the electronics or household appliance industry.
Reasons why a product stagnates including: Excess take telegram advertising service inventory: This occurs when the stock of products is supplied in an excessive manner, exceeding demand. It also occurs when there is poor inventory management. Low market demand: depends on consumer needs. The product is slow-moving for sale: marketing strategies and sales drivers have a lot of influence. Changes in consumer preferences: which also influences product demand. How to know if your products are stagnant? As you can see, in any physical or online store, the case of products becoming stagnant can arise .
But don't worry, below we will give you several clues that will help you detect if this is happening in your business. Data analysis Checking sales data from previous seasons will help you understand how your products are performing. To do this, you should review the past sales report and analyze which items have been the best-selling, most popular, or least requested. At this point, you can rely on metrics that provide you with conversion rate and profit margin , as well as inventory turnover. Current events and trends Especially if you are in the fashion or footwear market, since the dynamics are constantly evolving.
Reasons why a product stagnates including: Excess take telegram advertising service inventory: This occurs when the stock of products is supplied in an excessive manner, exceeding demand. It also occurs when there is poor inventory management. Low market demand: depends on consumer needs. The product is slow-moving for sale: marketing strategies and sales drivers have a lot of influence. Changes in consumer preferences: which also influences product demand. How to know if your products are stagnant? As you can see, in any physical or online store, the case of products becoming stagnant can arise .
But don't worry, below we will give you several clues that will help you detect if this is happening in your business. Data analysis Checking sales data from previous seasons will help you understand how your products are performing. To do this, you should review the past sales report and analyze which items have been the best-selling, most popular, or least requested. At this point, you can rely on metrics that provide you with conversion rate and profit margin , as well as inventory turnover. Current events and trends Especially if you are in the fashion or footwear market, since the dynamics are constantly evolving.
