For Example Now you may be saying, “Lisa, can’t I just sell what’s on the list and be done with it?”
Well… In a word, no!
Because if you only focus on the products that are on the list, you will only be able to make a “one-time” sale.
For example, Amazing Allysen is the hottest doll this holiday season. Practically every little girl wants to find one under the tree on Christmas morning.
So let’s say you decide that you want to sell the #1 doll on the Hot List. You get some inventory. You sell it. You make a profit.
Now what?
What do you sell next?
If you are only looking at the Hot List as a static piece of information. You’re back to square one. Asking the question “What do I sell next?”
But, if you use the Hot List to figure out what the trends are in dolls, you will see that Amazing Allysen is NOT just a hot product, she is part of a growing trend of animatronic dolls.
But let’s take this one step further.
Because we have one sizzling hot animatronic doll these season, we can now predict that in 2007, that there will be more animatronic dolls coming out. Because Amazing Allysen was such a big hit this holiday season, we will see a ton of companies coming out with their own version of Amazing Allysen.
In fact, we’re already seeing the emergence of amimatronic collectible celebrity dolls such as the Dean Martin, Lucille Ball, James Brown dolls some of which are already sold out. We’re also seeing animatronic Santa Clauses and animatronic pets.
So now what we have done is taken one hot product off a hot list and used it as a springboard to identify a future hot niche!
As a result, you would be well-positioned to start actively product sourcing for animatronic dolls in 2007. Because you can already predict that next year, these types of dolls will be hot.