5 Ways To Validate Your Product
To validate a product means to do a little bit of market research and testing before you put it into production. This is a really smart move because it means you won’t spend a lot of money on a product that can’t sell. However, there are many people out there who don’t actually perform product validations — big mistake! Validating a product is easy. Follow these 5 steps to test your latest product idea to see if it will make money before you even go into production. 1. Make a landing page A fast way to test the viability of the product is to create a landing page. Just a simple capture form will help you know whether or not people are actually interested in the product you want to sell. Simply giving you their email address isn’t a big deal for the customer, and you will be able to see just how many people are potentially interested in your product. If you don’t get any hits at all, then your product probably isn’t going to work. But if you find a pretty good response, then you’re likely to have success. 2. Run a PPC Campaign Similar to a landing page, investing a little bit of money into PPC campaign will give you a really good idea of how people would be interested in your product. Research a few keywords, and choose to advertise for keywords and on pages that are similar to your niche. If you find a lot of positive response with your ads, you likely have a good product. 3. Try eBay If you’re selling physical product you already have prototyped, take a few photos and make a few eBay listings. Let the auction run for about 10 days, and see how many people are interested in your idea. Cancel the auction before the last 24 hours. While some people think this is a little unethical, it does give you a very good idea of how much people are willing to pay for your product and how much demand there is. 4. Use Kickstarter Nowadays, Kickstarting has … Continue reading
Why Your Merchant Matters
There are always going to be those people who make important decisions based on who is the cheapest, and those people will always be dumb. When it comes to managing your business, cost is an important factor, but so is the ability to generate profits. Many business owners use merchant services to help them develop, produce and ship products. While cost should be something for factor in when choosing a merchant, you need to take your time finding the right private label supplements manufacturer. Your merchant is really, REALLY important. In fact, choosing the right merchant can make a failing business thrive. Here are 4 reasons your merchant matters. 1. Your merchant is your business’s lifeblood You can’t make any money if you don’t have products to sell. Those products also have to be of a certain quality to maintain customer satisfaction. The right merchant will make sure your high quality standards are upheld so customers feel confident buying from you. Once that high quality product has been developed, your merchant will then ship it directly to your customer for you — you even get to put your business’s name as the return address. The right merchant just helps your business go smoothly, something every business owner dreams of. 2. Your merchant knows what works for your niche Hopefully you’ve done your research into your product before you trying putting it on the market. A good merchant will help you do this. Not all products will sell, and if you choose a merchant that specializes in a niche like private label vitamins, they will know whether your idea is potentially viable or not. If you choose a product that might not sell, your merchant may advise you to make changes so it can be profitable. The more you sell, the more money both you and your merchant make, so it’s in their interest to help you. 3. Your merchant makes sure you always have something to ship Worried about keeping your supplies steady? If you have a good merchant, you don’t need to. Depending on your agreement, they’ll automatically make … Continue reading
If You’re An Affiliate, Learn How To Maximize Your Profits
Being an affiliate can be very lucrative. By learning how to play the game – placing the right ads, creating the best landing pages, and generating the right leads for your sales – you can make quite a bit of money very quickly. However, there is a downside to being an affiliate: limited income. Working by yourself, there’s a realistic we finite amount of cells you can actually make. One person can only accomplish so much. However, if you want to continue increasing your income and really hit the big bucks, don’t feel like you’re out of options. There are two basic ways you can continue to grow your income once you’ve peaked doesn’t affiliate: Hire people to work under you Start selling your own product Hiring a team of affiliates to work under you and manage your affiliate sites can be a lot of work to set up. This kind of work takes a lot of maintenance, too. Since you’re not actually directing other affiliates, you have to keep a close eye on the work that is being performed to make sure they continue to build up your affiliate branding and generate sales. The other option is to sell your own product. A lot of affiliate marketers are intimidated by making the transition from selling someone else’s product is selling their own. It is actually not very hard. Keep reading to learn about how you can maximize your profit as an affiliate by taking the next step is selling for yourself. What are you going to sell? The first question to ask yourself when you’re moving away from the affiliate to an owner is what your product is going to be. When you going to sell? If you ran an affiliate program in the past that was very successful, you may want to consider selling a product that same niche – you may have a knack for it. Plus, you are familiar with the customers in that niche and know how to best reach them. You don’t even have to create an original product. You can simply sell a … Continue reading
The Best Way To Increase Your Bottom Line
Most online business owners are primarily concerned with one thing: profits. Increasing your bottom line is something you should always be working towards if you run a business. However, you may not know where to begin. Here are 3 simple ways to increase your bottom line. 1. Decrease costs First, to increase profits simply decrease the amount of money it cost to generate income. One way of doing this is buying a shipping supplies and greater supply, developing a method to decrease postage rates, finding a cheaper supplier for your run materials and more. Here are some ideas: Replace your phone lines with VOIP. It’s cheaper to make calls, even internationally, and VOIP technology has come a long way since its fuzzy first days in the 90s. If you pay for access to multiple services and sites, stop service on ones you don’t use anymore. Shop around. Your hosting, software and more is negotiable. Carefully comparing options can help you find a better deal and save money. 2. Increase efficiency The next step to increase profits is to increase efficiency. Try these tips: Begin studying productivity techniques. If people work for you, try to develop a plan where you can teach them how to increase their own productivity. Make sure your working space is organized (and we don’t mean organized into a big pile). A cleaner working space is one where you’ll naturally feel more productive. Quit social media while you’re working. Turn off phone notifications for email, social and more. 3. Simplify The biggest way businesses can increase their bottom lines is to simplify. Remember how Henry Ford revolutionized business with his assembly line? Rather than having each worker build an entire car, each worker only did one simple task on the assembly line. Costs dropped and profits increased. Now, just about everything is built on an assembly line. Find similar ways to reconfigure your business. You may want to consider outsourcing certain services, for example. How finding the right merchant process accomplishes all 3 One way that’s been proven time and time again to increase a business’s bottom … Continue reading
What A Personalized Box Can Do For Your Bottom Line
As we’ve consulted with businesses and startups about ways they can increase revenue, one of the top suggestions we make is to use custom packaging instead of a standard brown box. “But the custom packaging is expensive,” some say. No, it’s not. Not when you look at the return custom packaging brings. Consider the following facts about custom packages: Using custom packaging increases the number of repeat customers by 50% A custom package will be reused, dramatically increasing the number of impressions your brand receives Custom packaging is another way to send a message to your audience and reinforce your brand When you break down the cost, custom packaging only costs a few cents more per package up front and the ROI means your packages will pay for themselves over and over again. Look at all of the most successful businesses: they’re not using brown boxes. They’re using custom packaging. If you need help designing and producing custom packaging that will grow your business in the ways described above, contact us. We’ve got years of experience we’ll bring to the table to help your business succeed.
How A Simple Box Can Increase Sales By 50 Percent
Did you know the box you ship your product in actually affects future sales? That’s right — according to a recent study by Dotcom Distribution, not using a brown box to ship your goods actually boosts your sales significantly. Here are some reasons why. Greater Loyalty Studies have shown that customers whose products are shipped in custom boxes are 50% more likely to buy again from a specific company. Sure, brown boxes cost less, but the opportunity cost is higher since you’re missing out on a statistically proven way to increase repeat customers. Greater Brand Awareness Here’s some really good news for people who invest in custom packaging: your box will be used more than once. It’s been shown that shipping boxes are often reused to ship other items, for storage, organization and more. If your brand is on the side of the box that gets reused, guess what your customer will see time and time again? That’s right – you will have more brand impressions, and that means greater brand awareness with the custom repackaged box. Social Media Opportunities Have you heard of unboxing videos? These are videos where customers record the process of unboxing a product they recently purchased online. Sometimes, these go viral. That can be great exposure for your company if your box is more than just boring and brown. Plus, if you include the URLs for your social media sites on your box, your customers are also likely to check those out. This increases your social media reach and potentially enables you to sell to more new customers. How to Get Your Own Boxes Produced If you’ve never made your own boxes before, you may be a little confused about where to begin. Don’t worry about it. We’ve got all of the tools to help you design, produce and ship your custom packing. Sooner than you know, you’ll be able to get all of the benefits we mentioned here. Contact us to learn more about pricing options and see just how affordable a simple box — one that can boost your sales — actually is.
Know how to sell? Why not sell your own product?
If you help other people sell a product, you’re missing out on huge profits. No matter how much you earn through selling, you’re not really making money — not yet. Sure, you may THINK you’re making money helping other people sell their products, but you’re only making a fraction of what you could be. Consider this: the people whose products you sell as an affiliate earn enough to pay you a lot of money, and they’re definitely making more than you. This means you could actually be making a lot more doing just a little more. Plus, it’s easier and more streamlined than you ever could have expected. Here’s how to use your selling knowledge to sell your own product in 5 simple steps. 1. Get an Idea The first step you need to take is to get an idea that will sell. Don’t worry, this doesn’t have to be an original idea. You can completely borrow an idea for a product from a different online business. Heck, you can even decide to sell your own versions of products you manage as an affiliate. 2. Find a supplement wholesale producer The next step once you’ve found your product is to find someone to make it. This is easier than it sounds. Simply search for wholesale manufacturers. You’ll want to choose a wholesaler that: Helps develop your product for you Assists in the label design process Can completely produce your product and label it Takes your customer orders and fulfills them, ie ships them to your customers with your company as the return address Manages returns and customer service Once you’ve found a company that can do those things, you’ve got a winner and are ready to move onto the next step. (Can we humbly recommend our services? We’ve got an experienced team of wholesale product specialists that can handle everything from product development to creation to fulfilment) 3. Set up a website If you chose the right wholesale manufacturer, you don’t have to worry about things like production or shipping. You just need to get sales. This is where your … Continue reading
5 Things To Consider Before Making Your Custom Formula
There’s a lot of money to be made in custom formulation supplements, but it’s not the walk in the park some people make it seem. If you do it right, a private label custom formula can be a good introduction into the world of private label nutraceuticals and running your own profitable business. However, there’s some basic mistakes many people make which prevent them from achieving the success they want. Ask these five questions before you begin the custom formula process in order to guarantee your success. 1. Will you base it on a formula? Is there a pre-existing formula you’re going to base your own formula on? If so, what you going to do different? If you’re just trying to sell a generic version of the popular product, then you don’t need to worry about making it very different. However, if you want to have a unique selling point, you need to make sure your formula is different enough in the eyes of the customers to merit paying for your product instead. If your product is going to be more expensive than the competition, this needs to be a really good reason why. Of course, if you’re not basing it on a pre-existing formula at all and develop your own custom formula completely from scratch, you need to make sure the ingredients interact with each other in the way you want. 2. What’s selling right now? Knowing what kind of supplements are selling right now will give you good idea of where the market is. This may help you find particular niches that would be profitable. Or, if you want to be more original, you can try to figure out where the market is going based on where it is. That way you can be ahead of the curve. 3. Who will you test it on? All products need testing. Testing also gives you the opportunity to collect testimonials from people that she tried your product. Many times, your private label nutraceuticals manufacture will handle testing for you. Double check with them to see if this is the case; … Continue reading
How The Correct Merchant Process Can Lower You Stress
How many hours per week do you spend on fulfillment? One hour per day? Two hours per day? If you spend just one hour per day on fulfillment – that’s one hour packaging orders, sending them to shipping companies, and restocking shipping supplies – that leaves you spending five hours per week. However, many small business owners spend more than an hour per day on order fulfillment. The steps of processing an order, retrieving the product from your warehouse, packaging it and preparing it for shipping can take two or sometimes three hours per day. Three hours may sound like a lot, but it isn’t like this time is spent all at once. Instead, it’s 15 minutes on an order here, 10 minutes on an order there, and pretty soon you’ll find a big chunk of your day has been spent just packaging orders! There’s a smarter way to do this, and that’s by outsourcing your fulfillment to a private label nutraceutical provider. Let’s do the math. Say you spend two hours per day on fulfillment. That’s 10 hours per week (not including weekends.) The number adds a pretty darn quickly. After 30 weeks — only about 7 months — you’ve spent over 300 hours on processing orders! That time could be spent marketing your products better to get even more orders and further increase profits. Outsource Fulfilment to Save Money So what’s the secret of saving these hundreds of hours and using them one more profitable activities? Outsourcing. The right wholesale manufacturer can help you outsource your fulfillment process and take it completely out of your hands. The only thing you have to worry about when you get in order is keeping track of your profits. Everything else – from storage, packaging, shipping and even returns – can be handled by your outsourcer. Plus, you won’t have to deal with the stress of shipping an order. You won’t have to worry about whether your orders have been packaged on time, renegotiating shipping prices, or keeping shipping supplies stocked. If you’re ready to learn more about how you can save … Continue reading
Why Outsourcing Your Fulfillment Can Save Your Business
Recently, we heard the story about a man who started a business in his own home. His small, do-it-yourself business had grown much faster than he expected. Suddenly, his basement was not enough room to handle all of the production, packaging and fulfillment he needed to keep his customers happy. Demand was greater than production capacity. This man’s solution? Find a bigger house. Now, he is renting a much larger home so he can have the space he needs to create his products. In our opinion, this is a terrible and expensive idea. If he outsourced fulfillment to a wholesale manufacturer, he would save a lot of money (and space in his basement). After taking care of your private label supplements, you have a choice to fulfill your orders: do it yourself or have another company handle it for you. Here are the ways outsourcing your fulfillment will save you. It saves you time Outsourcing or fulfillment means you don’t have to deal with processing orders, packaging, shipping, or handling returns. Instead, for a nominal fee, another company will handle this for you. That frees up your time to spend on much more exciting – and money generating – aspects of your business. It saves you money The companies that handle outsourced fulfillment know the tricks and secrets of how to save money and cut shipping costs. They often have agreements with major shipping companies to get the lowest rates. They also know the best companies to use to get your packaging needs as well as your other shipping supplies. Plus, time is money. By saving time, you’ll be able to spend that time on activities and actually make money. Some people are hesitant to outsource fulfillment because you’re afraid it will cost too much. The truth is quite the opposite – you will save money, much more money then it would cost to do it yourself. You will save stress Managing fulfillment is kind of like juggling. If you look away and ignore your task for even a second, you can find yourself dropping the ball. You need to … Continue reading
5 Tips To Make Your Custom Formula Prefect
Many people have done it. In fact, the great Tim Ferris claims that he got his big start by doing it. We’re talking about wholesale private label supplement manufacturing. By developing a custom formula, you can set your products apart from anything else in the market. You can improve upon existing formulas and have a product that your customers will recognize as the best money can buy. The sky’s the limit as far as your profits are concerned. However, also manufacturing process is when many people are not familiar with. There’s more to developing custom made supplements and making custom vitamins than having an idea – you need to make sure your formula itself is properly developed. Here are five tips to help you develop the perfect formula and dominate your niche. 1. Consult with your manufacturer about custom supplements First, a good place to start developing a custom supplements formula is to consult with your private label manufacturer. Any company that can make private-label nutraceuticals will have experience in formula development. Take advantage of their experience by asking questions, such as where you should begin and what process they require to develop a custom vitamins and custom made supplements. 2. Do your research Next, you should research your market to make sure there’s actually need for your custom formula. You may have an idea for custom vitamins you and your friends would love, but if it’s not going to sell, you may want to consider going in a different direction. Look at your target audience and ask yourself the following questions: What kind of products are they buying? What products sell for the most money? What products are the most successful or popular right now? Are there any specific ingredients in these products customer seem to gravitate towards? Do you find test potential customers on message boards or online forms asking about the availability of certain products? Doing your research will allow you to have a better handle on the market and know exactly what to expect with regards to customer demand. 3. Test your product Next, you need … Continue reading