How to Make Money Selling Physical Products - Steve Chou
How to Make Money
Selling Physical Products
from an interview with Steve Chou
Tools to see exactly how much
money sellers are making on
specific products within that niche.
DETERMINE DEMAND OUTSIDE
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)
Sites to go to for overseas vendors:
Best option: Go to trade shows in
China (not feasible for everyone).
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
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.
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.
Sit back, relax, and
enjoy the ride
(hopefully)Wait and see how
your product sells
Create your own
If your product starts selling well
and you start making around
$1,000 per month, you'll want to...
Recommended platform: Open Cart
If you're not tech savvy, some fully
hosted solutions are: