How to Make Money Selling Physical Products - Steve Chou - PowerPoint PPT Presentation

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How to Make Money Selling Physical Products - Steve Chou
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How to Make Money Selling Physical Products - Steve Chou

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  1. How to Make Money Selling Physical Products from an interview with Steve Chou WWW.BECOMEABLOGGER.COM

  2. PHASE 1: Doing the Research WWW.BECOMEABLOGGER.COM

  3. 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 WWW.BECOMEABLOGGER.COM

  4. 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) WWW.BECOMEABLOGGER.COM

  5. PHASE 2: Getting the product made WWW.BECOMEABLOGGER.COM

  6. 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). WWW.BECOMEABLOGGER.COM

  7. PHASE: 3 Selling the product WWW.BECOMEABLOGGER.COM

  8. 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. WWW.BECOMEABLOGGER.COM

  9. 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. WWW.BECOMEABLOGGER.COM

  10. 4 Sit back, relax, and enjoy the ride (hopefully) Wait and see how your product sells WWW.BECOMEABLOGGER.COM

  11. 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 WWW.BECOMEABLOGGER.COM

  12. More on this at: WWW.BECOMEABLOGGER.COM