Moving from reselling physical products - whether dropshipping on Shopify or Retail Arb on Amazon - to developing your own products is a big step. It’s really the key to creating a really valuable, sellable business. This is the real prize these days - I know so many business owners who have sold their product businesses for high 6 or 7 figures. If you’re going to keep owning your business, it also means it’s defensible and profitable for you. 

But it is a big, expensive and complex undertaking compared to simply reselling others’ products. So today we’re going to go over how to approach this complex process in a structured way to get you the best chance of a profitable product that gives you profit and makes your business valuable and - if you choose - sellable .  

On this episode you'll learn:

How do we best go about developing custom products
Big Area No. 1 - Market research
Brainstorm Products
Assess Market
Find members of target market
Product Development : Suppliers and Samples
Customize Your Products