492: How To Find A $5000/Mo Product To Sell In 10 Minutes – Family First Friday
The My Wife Quit Her Job Podcast With Steve Chou
[email protected]
4.8 • 1.4K Ratings
🗓️ 15 September 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
In this Family First Friday episode, I teach you 4 different methods of finding profitable products to sell on Amazon, Shopify and Ebay. Thanks to software tools like Jungle Scout, Ahrefs and ZikAnalytics, you can get accurate data on the sales of practically any product being sold online. Jungle Scout – Get 30% Off Jungle Scout Ahrefs – Try Ahrefs For Free Zik Analytics – Try ZikAnalytics For Free What You’ll Learn How To Find A $5000/Mo Product To Sell Online How To Use The Opportunity Finder Tool From Jungle Scout Different Methods Of Researching Profitable Products
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Transcript
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| 0:00.0 | In today's episode, I'm going to teach you four different methods of finding |
| 0:03.7 | profitable products on Amazon, Shopify, eBay, Etsy, basically anywhere products are sold. |
| 0:09.9 | And these are methods that I personally use to make over a million bucks selling on my own |
| 0:13.6 | online store over at bumblebeeLinens.com. What's up, everyone? You are listening to |
| 0:18.2 | the MyWifeCutor.com podcast where I teach you how to make money online by exploring different tools, |
| 0:22.8 | strategies, and understand how to leverage human psychology to grow your sales. |
| 0:26.8 | Welcome to a special segment of the show called Family First Fridays where I go solo to give |
| 0:31.8 | you my thoughts on how to make money without sacrificing your lifestyle. If you haven't picked |
| 0:36.1 | up my book, the Family First Entrepreneur yet, head on over to MyWifeCutor.com slash book, |
| 0:41.8 | fill out the form and get over $690 in free bonuses. Now, when I first got started in e-commerce, |
| 0:48.3 | my product research strategy was basically haphazardly looking for products to sell. My wife and I would |
| 0:54.2 | go to a trade show, look around, and just pick and choose what we thought were great products to sell. |
| 0:59.8 | There were no rules and no real criteria for our choices. And as a result, we often had products |
| 1:05.5 | that didn't sell well, sat in our shelves at our warehouse gathering dust. They're having |
| 1:10.7 | unsold inventory sucks. But we learned our lesson, and today we use a bunch of tools to conduct |
| 1:16.4 | product research the right way to ensure that this never ever happens again. This is what I'm |
| 1:21.6 | going to teach you today. You will learn how to use various software tools to evaluate profitable |
| 1:26.5 | products so that you are confident your products will sell before you make a large upfront investment |
| 1:32.0 | on inventory. Now, the first method for product research involves Amazon and a tool called Jungle |
| 1:37.7 | Scout. That is a well-known fact that Amazon has over a 50% market share in e-commerce in the |
| 1:43.3 | United States and they are the biggest player by a landslide. The next closest competitor is Walmart |
| 1:49.1 | at only 6.3%. So as a result, if you want to know what products to sell online, it makes sense to |
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