No worries, been there, done that.
Fairly recently, too. In the Content Library tab, not the Smart Content tab, you’ll find a list: Daz Studio Formats, Poser Formats, Other Import Formats, Products, and Categories. The Daz Studio Formats is where you find all your Genesis content by clicking on Daz Studio Formats—> People—>Genesis. Some older products will have just the DS materials under the Daz Studio Formats, while the actual loadable object is in the Poser runtime. To get there, click on Poser Formats—>My Library. Figures are generally characters with moving parts while props generally don’t move. All materials that work for Daz Studio will be found under Pose. The materials tab is entirely for poser materials and won’t look good in Daz Studio. To find your product, you have to look at the readme. That will tell you where all the files are put for all products.
In this case, your files are found in Poser Format—>My Library—>Pose—>Wild Orchid_Hair. (Actually, that may be the original product, and I don’t have the colors product. The readme isn’t online, so you’ll have to go into your computer and click on the readme folder found in the daz3d/mylibrary folder to find it. Or, you could do a search for “wild orchid” or “orchid” in the search bar of the content library. If you hover your mouse over the right file, the file pathway will show up, which will tell you where to find it. Or, you can right click on the icon and click “browse to file location.”
Anyway, I use the content library extensively to categorize everything so I can use all my V4 stuff on Genesis, etc., and have all the mat files together with the loadable file.
Let me know if it’s as clear as mud. 