Before we begin, we need to determine what makes a winning product, so let’s get started:
- Solves a problem / pain
- Profitable margins (BEP + $18 ; BER < 1.8 -> Your product must have a BEP of at least $ 18 and a BER of at most 1.8)
- The product is unique
- Obtains exclusivity
- Perceived value
- Hard to find in usual stores
- Sizeable audience
- Impulse feeling
- Easily shipped
Types of winner:
BRONZE –> GENERATE $1-$50K
SILVER -> GENERATE $50K-100K
GOLD -> GENERATE $100K+
Now that we know what criteria a winning product has, the question is how to find winning products:
Free methods:
- DROPSHIPPING CENTRE (ALIEXPRESS)
- AMAZON
- YOUTUBE
- FIRING PIXEL
Paid methods:
- DROPPOINT
- ADSPY
- E-SNIPER
Price strategy:
- LOW TICKET:
COGS = $1-$10
PRICE = $20-$30
- MID TICKET:
COGS = $11-$30
PRICE = $30-$80
- HIGH TICKET:
COGS = $31-$50
PRICE = $100+
In the next blog we will do a facebook ads campaign.
DISCLAIMER: These methods have been tested by us and work, but no one can guarantee that you will succeed.
