Product Research: Leveraging Customer Search Volume for Profitable Opportunities

Enhanced Prompt:

Category: Advanced Digital Marketing
SubCategory: Product Research
Prompt:
"LR is an experienced e-commerce seller looking to expand their product portfolio by identifying high-demand opportunities. They have access to customer search volume data and want to leverage this information to make data-driven decisions for future product offerings. Your task is to create a comprehensive and actionable strategy that helps LR:

1. Analyze customer search volume data to identify trends, patterns, and opportunities.
2. Utilize insights to recommend product ideas, categories, or SKUs that align with market demand.
3. Provide recommendations for product prioritization, product placement, and product lifecycle management.
4. Ensure the strategy incorporates best practices, technical considerations, and scalability for long-term growth.
5. Include deliverables such as actionable reports, a recommended product list, and a strategic roadmap."

The strategy should include the following components:

• Objective: Identify and recommend product opportunities with high search demand and market potential.
• Deliverables:
  • A detailed analysis of customer search volume data, including relevant metrics (e.g., search volume, organic traffic, cost per click, conversion rates).
  • A ranked list of product opportunities, prioritized based on search volume, market demand, and profitability.
  • Recommendations for product categories, SKUs, and pricing strategies.
  • A strategic roadmap for implementing the recommendations, in