How to Create Your Own Product Line for e-Commerce

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Podcast (10k-podcast): Play in new window | Download (Duration: 38:29 — 35.2MB)

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Moving from reselling physical products – whether dropshipping on Shopify or Retail Arb on Amazon – to developing your own products is a big step. It’s really the key to creating a really valuable, sellable business. This is the real prize these days – I know so many business owners who have sold their product businesses for high 6 or 7 figures. If you’re going to keep owning your business, it also means it’s defensible and profitable for you. 

But it is a big, expensive and complex undertaking compared to simply reselling others’ products. So today we’re going to go over how to approach this complex process in a structured way to get you the best chance of a profitable product that gives you profit and makes your business valuable and – if you choose – sellable .  

On this episode you’ll learn:

• How do we best go about developing custom products
• Big Area No. 1 – Market research
• Brainstorm Products
• Assess Market
• Find members of target market
• Product Development : Suppliers and Samples
• Customize Your Products