Here are some of the things you may have heard about creating a product to sell, that just aren't true.
1. I can create a product, list it on Amazon and make a fortune
That just isn’t the case. (Sorry.)
If you truly believe this, I want you to think about your motivation for launching a physical product and what you expect from it.
Don’t get me wrong, it is possible to make good money - but you definitely need to know how to do it well.
Amazon for a buyer is a great platform. For sellers, it’s not quite the same.
2. I have to pay an agent to source my product
Absolutely not! You can definitely source a product yourself. It just takes time, clarity - and a bit of patience!
There are plenty of sites where you can find thousands of manufacturers in one place, search for the product you’re looking for, compare suppliers and get in touch with them.
There’s a lot to be said for Google searches too…
3. I’ll get ripped off, or conned by a supplier and never see my money or my product ever again!
So, you’ve realised it is possible to do your own sourcing - but you’re (understandably) still a little anxious.
Sending large amounts of money, to someone you don’t know, is scary. This was my biggest fear after placing my first order.
You do need to verify the supplier you choose to work with - and I can show you how.
4. I might create something that nobody will ever buy
It’s so important that you validate and test out your idea BEFORE spending any money on producing it.
We’ve talked about this in lots of episodes - so please do go back and listen!
5. What if someone steals my idea?
Creating a physical product is not for the faint-hearted. There are lots of steps involved and you have to be really passionate about your product to see it through to completion.
Your determination to make your product real will see you through. I promise you, not everyone has that passion and drive!
Alibaba.com (sourcing products in China)
Thomasnet (sourcing products in the USA)
Esources (sourcing products in the UK)
Free guide - 7 free ways to validate your product idea
Blog post - common questions about sourcing a product
Do you have topics you’d like me to cover? Email me - email@example.com