How to Make Money Selling Physical Products - Steve Chou

Leslie Samuel
Leslie SamuelBlogger, Podcaster and Speaker em Become a Blogger
WWW.BECOMEABLOGGER.COM
How to Make Money
Selling Physical Products
from an interview with Steve Chou
PHASE 1:
Doing the
Research
WWW.BECOMEABLOGGER.COM
START WITH
AN IDEA
DO YOUR
RESEARCH
Tools to see exactly how much
money sellers are making on
specific products within that niche.
Jungle Scout
Terapeak
WWW.BECOMEABLOGGER.COM
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
PHASE 2:
Getting the
product
made
WWW.BECOMEABLOGGER.COM
START
LOOKING
FOR
VENDORS
BUY A
FEW
SAMPLES
Sites to go to for overseas vendors:
Alibaba
Global Sources
Best option: Go to trade shows in
China (not feasible for everyone).
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.
WWW.BECOMEABLOGGER.COM
PHASE: 3
Selling the
product
WWW.BECOMEABLOGGER.COM
PLACE A
SMALL
TEST
ORDER
TRY TO
SELL
THEM ON
AMAZON
Place a small test order of
approximately 100 - 200 units.
Your goal is for them to sell
out. If they don't, LIQUIDATE by
listing them on eBay.
WWW.BECOMEABLOGGER.COM
PLACE A
BULK
ORDER
Assuming everything went well in the
previous step, you're now ready to
place a larger order of over 500 units.
Boost sales by getting reviews.
Paid services:
GIVEAWAY
REVIEW
UNITS
Snagshout
Review Kit
WWW.BECOMEABLOGGER.COM
Sit back, relax, and
enjoy the ride
(hopefully)Wait and see how
your product sells
4
WWW.BECOMEABLOGGER.COM
Create your own
eCommerce store
If your product starts selling well
and you start making around
$1,000 per month, you'll want to...
5
Recommended platform: Open Cart
If you're not tech savvy, some fully
hosted solutions are:
Shopify
BigCommerce
WWW.BECOMEABLOGGER.COM
More on this at: WWW.BECOMEABLOGGER.COM
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