Selling Trends: Top Products of 2007
by Jennifer Ratliff on October 17th, 2007
As 2007 comes to a close, people are scouring the stores, the Internet, and their crazy friend’s craft shop for that perfect Christmas gift. This is the time of the year when sellers become psychically tuned to the state of the world and decide what the hot ticket item is for the year. Filling the requests of millions of holiday shoppers is a big task, but if anybody is capable of making consumers happy, resellers can.
What are the most popular products for the 2007 holiday season? Technology seems to be the key.
If it doesn’t plug up, use batteries or have a remote, it’s not worth the time. The most popular products include the following:
1. Apple iPod touch: This has been advertised heavily since it came out. Its “touch-does-everything” process attracts people from every age group. As Christmas approaches, sales and profits come easily. One selling point with the iPod touch is a built-in Safari web browser with built-in wireless access to the web. And since including music is a must for any new technology, another point of sale is immediate access to the iTunes Wi-Fi Music Store, where consumers can browse and buy the hottest music with a simple tap.
2. Nintendo Wii: People have to have their games. The proliferation of game sites such as Pogo and YahooGames has made that apparent. The Nintendo Wii is both one of the newest and most interactive video game systems available. Selling games along with the system can add hundreds of dollars profit to the mix. What makes the Wii so popular isn’t the advertising that the company spent millions of dollars to produce, but the interactive quality of this system. With a combination of infrared detection and accelerometers, the game controller senses where in space it is, which means that a simple hand gesture can control the game. A cool aspect to add to sales would be the introduction to PlayStation Home, an online community that can take gamers completely out of the real world and stick them in a virtual apartment.
3. Digital camera: The digital camera is facing stiff competition from cell phones, which has only forced camera developers to come up with more things to add to the package. Now they’ve added more storage and movie capabilities, which can almost turn it into a cheaper version of the camcorder. For the family set, there’s a kids’ version that has become a popular gift since it came out last Christmas, the Fisher Price tough digital camera. This camera, which sells at around $60, boasts the same picture quality and storage capacity as the adult version, but includes an impossible-to-break outer shell.
4. Flat-screen HDTV: No one really knows why they want it or how to use it, but they all have to have HDTV, and not just any HDTV, but a flat screen version. For those who don’t like the clunky picture-tube televisions, this is the first alternative. Expect HDTV sales to increase as cable stations across the country switch completely from analog to digital service by 2009.
5. Laptop: Laptops have been around forever, but they are only now becoming affordable enough for the average consumer to consider purchasing. They have the same (and sometimes better!) storage capacity as the larger desktop versions; but with the added benefit of portability, laptops have come into their own. Add to that the fact that many areas now offer free or low-price Wi-Fi Internet access, and it’s easy to convince buyers to go mobile.
6. GPS navigation unit for the car: Getting to a destination has always been half the trouble, especially for stubborn men who don’t want to admit they’re lost. Now, GPS units are included in most luxury cars. But with more exposure are more features and a lower price, the perfect combination for sellers. Now they are becoming more and more portable, with which consumers will be thrilled. At a retail price of $500-$600, even a small markup means big profits.
7. Blu-ray or HD-DVD player: The potential replacement for the DVD player, Blu-ray discs have a lot more storage and a lot more strength. Whether they will stay in the limelight for long depends on what happens over the next few months; but for now, they are in high demand. Movie production companies have already converted some 300 movies to Blu-ray format, and if the trend continues, there will be plenty of selling opportunities for years to come.
8. Disney merchandise: This is really a combination of products, but if you can get the license to sell it, there is no limit to potential profit. The High School Musical movies and Hannah Montana series are both very popular with kids, and the stores are showing that with posters, dolls and games.
9. Cell phones: Everyone has to have a cell phone, and now there’s no reason not to have one. The age of cell phone contracts is long gone. Now that there’s the prepaid option, even those with the worst credit can get a phone (and in many cases a rather nice one at that). The style and price of cell phones varies so much that resellers are free to focus on finding the right phone for the right person.
10. LeapFrog Fly Fusion Pentop Computer: This may be geared for the student, but quite a few adults could get some use out of this newcomer. This pen “translates” handwriting into digital words on the computer. It also has games, translating ability, an MP3 player and some special little surprises. A double market for the same product - can’t beat that!