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Discover the steps to making money by selling physical products. Steve Chou shares how they were able to build a business selling handkerchiefs and linens for all occasions.

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Présentations Transcript
how to make money selling physical products from

How to Make Money

Selling Physical Products

from an interview with Steve Chou

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phase 1 doing the research

PHASE 1:

Doing the

Research

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do your research

DO YOUR

RESEARCH

Tools to see exactly how much

money sellers are making on

specific products within that niche.

Jungle Scout

Terapeak

START WITH

AN IDEA

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determine demand outside these marketplaces tools

DETERMINE DEMAND OUTSIDE

THESE MARKETPLACES

Tools to see the search demand and

determine how easy it would be to rank in

the search engines (i.e. Google):

Long Tail Pro (paid)

Google Keyword Planner (free)

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phase 2 getting the product made

PHASE 2:

Getting the

product

made

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start looking for vendors

START

LOOKING

FOR

VENDORS

BUY A

FEW

SAMPLES

Why?

to inspect the quality of the

product. See if you can put

your own spin on the product.

Be specific as possible with

how you want the product

produced.

Sites to go to for overseas vendors:

Alibaba

Global Sources

Best option: Go to trade shows in

China (not feasible for everyone).

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phase 3 selling the product

PHASE: 3

Selling the

product

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try to sell them on amazon

TRY TO

SELL

THEM ON

AMAZON

PLACE A

SMALL

TEST

ORDER

Your goal is for them to sell

out. If they don\'t, LIQUIDATE by

listing them on eBay.

Place a small test order of

approximately 100 - 200 units.

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giveaway review units

GIVEAWAY

REVIEW

UNITS

PLACE A

BULK

ORDER

Boost sales by getting reviews.

Paid services:

Snagshout

Review Kit

Assuming everything went well in the

previous step, you\'re now ready to

place a larger order of over 500 units.

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slide10

4

Sit back, relax, and

enjoy the ride

(hopefully)

Wait and see how

your product sells

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if your product starts selling well and you start

If your product starts selling well

and you start making around

$1,000 per month, you\'ll want to...

5

Create your own

eCommerce store

Recommended platform: Open Cart

If you\'re not tech savvy, some fully

hosted solutions are:

Shopify

BigCommerce

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