Upload
kym-ellis
View
7.627
Download
0
Embed Size (px)
Citation preview
SESSION 2:
Advanced Product Research
T H E M I L L I O N D O L L A R C A S E S T U D Y
E U R O P E
Enter at www.junglescout.com/giveaway
3 Winners selected every week for all of 2017!
1 Prize for Each Winner▹ 1 Jungle Scout Lite Extension▹ 2 Jungle Scout T Shirt▹ Featured on the Website!
Part 2: Session 2 Giveaway
Brie (Winner of JS T-Shirt)@junglescout will give me freedom in my life – there's no better feeling than putting time & dedication into YOU. #MillionDollarCaseStudy
Lisa Schaab (Winner of JS T-Shirt)I just turned 50. I have been trying to make money online outside of my 9-5 job for 20 years. The most difficult part is completely trusting that the investment will actually make me a success this time and I can pay for my kids college.
“Keoki (Winner of Lite Extension)Jungle scout has shown me exactly side by side how to launch my first private label Product which will be live in 2 weeks. I don't even have a computer I'm doing all of this on my phone and tablet and the #milliondollarcasestudy has shown me step by step how to launch my product. This means so much to me I've been stuck in the same company for 10 years working long days and sacrificing quality time with my family which I will do no more! And I will succeed!! THANK YOU GREG AND JUNGLE SCOUT TEAM
Share your #MDCSchallenge Progress
Post an Update
Tag @junglescout using the #MDCSchallenge
Share the love
◍ Twitter ◍ Facebook ◍ Instagram
Earn points
Submit your challenge updates through the Giveaway and earn points to win weekly prizes!
Progress so far...
MDCS Part 1: US launch 🇺🇸
◍Launched second product, Jungle Snugs
◍Now profitable◍Total revenue to date:
$316k
MDCS Part 2: UK launch 🇬🇧
◍Began the whole process from the start
◍Curated a big list of product ideas
◍TODAY: diving deep into the data...
What We Will Cover Today
Dive into the dataWe are going to take a more detailed look at the sales data for our top product ideas.
Assess trendsExplore market depth and the competitor landscape more closely for our top product ideas.
Product DetailsDouble check the product is easy to source, profitable, and find out whether we can make improvements.
Revisiting: The Product Criteria Blueprint
The main product criteria stays the same for FBA Private Label in Europe:
Must have:◍ Existing Solid Demand◍ Low Competition◍ Good Margins◍ No Legal Issues
Nice to have:
● Small/lightweight
● Easy to source and ship
● Able to improve
● Low Seasonality
Advanced Product Research Considerations
Market status:◍ After searching for
your keyword, are the products there all relevant?
◍ PPC ad spots are being used for similar products
Competition:◍ No legal issues
(Patent, trademark)◍ Product listings in
the top 10 have room for improvement
Product:◍ Are you able to
make product improvements?
◍ Can you bundle it?◍ Low seasonality
Sourcing:◍ Can you find
suitable suppliers easily on Alibaba?
◍ Profit margin over 30%?
Place your screenshot here
Product TrackingIt’s a good idea to track
sales of your top product ideas over the
space of a week or more. You can do this
manually, or automate with the Web App
Product Tracker
Let’s Investigate With Some Of Our Product Ideas
◍Narrow down our list of 40+ ideas to the top 3
◍Dive deep into these products & prepare to decide which one to launch!
Watch over our shoulderLet’s Investigate Our Top Product Ideas Together...
Follow Along: Your Tasks Until Next Week
1. Using the research tactics covered today, narrow down your list of product ideas to your top 3
2.Continue to track these ideas for the next week (use the Web App Product Tracker to automate if you have it)
3.Join us next week ready to decide which product to move forwards with
Download the template at: https://www.junglescout.com/session2-HW
Join Us Next WeekJoin us next Wednesday where you will learn how to contact
factories, get the best pricing and get your product made!
Register for FREE at junglescout.com/million