Magnet Demo v3

Summary

Magnet, a market research automation tool, offers affordable and reliable market insights. Users specify a commodity of interest, such as stainless steel pipes, and receive detailed supplier information, geographic distribution, potential buyer leads, and industry cluster locations. The tool also provides product variant details, application distribution, and price range data for comprehensive market analysis and sales strategy development.

Takeaways

• 🧲 Magnet is a market research automation tool designed to provide affordable and reliable market insights.
• 📊 Users can specify a commodity of interest, such as stainless steel pipes, to start their research journey on Magnet.
• 🌍 The tool offers geographic distribution data of suppliers, both nationally and internationally, for the specified commodity.
• 🔍 Detailed supplier information is provided, including names, websites, contact numbers, and addresses.
• 🛒 Potential buyer lists are available to help users conduct their own outreach and sales initiatives.
• 🏢 Insights include statewise and citywise distribution of suppliers to identify industry clusters.
• 📈 Portfolio size distribution helps users understand the range of product variants offered by suppliers.
• 💊 Application distribution charts reveal the various uses of the commodity, such as in decoration, industry, or pharmaceuticals.
• 📊 Product variance charts display different attributes of the commodity and their unique values, like steel grades for stainless steel pipes.
• 💰 Price distribution data shows the price range in which the product is typically traded, useful for pricing analysis.

Q & A

What is Magnet?

Magnet is a market research automation tool designed to provide affordable and reliable market insights.

How does the user journey begin in Magnet?

The user journey in Magnet begins with the user specifying their commodity of interest.

What kind of insights does Magnet provide for a commodity like stainless steel pipes?

Magnet provides insights such as geographic distribution of suppliers, detailed supplier information, potential buyer lists, statewise and city-wise supplier distribution, portfolio size distribution, application distribution, product variance, and price distribution.

What kind of supplier information does Magnet offer?

Magnet offers supplier information like name, website, contact number, and address.

How does Magnet assist in sales outreach initiatives?

Magnet assists in sales outreach by providing a potential buyer list that can be used to conduct outreach initiatives.

What does the statewise and city-wise distribution of suppliers indicate?

The statewise and city-wise distribution helps users understand where industry clusters are located.

How does the portfolio size distribution chart benefit users?

The portfolio size distribution chart helps users distinguish between suppliers based on the number of product variants they offer.

What is the purpose of the application distribution chart in Magnet?

The application distribution chart helps uncover different applications of a product, enabling users to tap into new market segments.

What does the product variance chart in Magnet display?

The product variance chart displays all the different attributes of the commodity, such as the steel grade for stainless steel pipes.

How does the price distribution information in Magnet assist users?

The price distribution information showcases the price range in which the product is traded, which can be used for pricing analysis.

What is the format of the application distribution information in Magnet?

The application distribution information is presented in the form of a word cloud in Magnet.

What is the overall goal of Magnet for its users?

The overall goal of Magnet is to provide a comprehensive tool for users to conduct market research and gain actionable insights to enhance their sales and market strategy.