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How To Start A $100K/Year Ecom Business In 2023 (Exactly what I would do...)

How To Start A $100K/Year Ecom Business In 2023 (Exactly what I would do...)

February 24, 2024
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Author: Big Y

**How to Start a Successful Physical Product Business with 100k in 2022**

**Introduction**

In this video, I'm going to share with you my step-by-step process on how to start a successful physical product business with 100k in 2022. I've been running an e-commerce business for the past four years, and I've helped hundreds of people start their own successful businesses.

**Step 1: Choose the Right Niche**

The first step is to choose the right niche for your business. This is one of the most important decisions you'll make, because it will determine the products you sell, your target market, and your marketing strategy.

**When choosing a niche, there are a few things you need to consider:**

* **Your interests and expertise.** You're more likely to be successful if you choose a niche that you're passionate about and knowledgeable about.

* **The size of the market.** Make sure there's a large enough market for your products. You can do this by doing some market research online.

* **The competition.** How much competition is there in your niche? If there's a lot of competition, you'll need to find a way to differentiate yourself from your competitors.

**Once you've considered these factors, you can start narrowing down your niche.** Here are a few ideas for profitable niches in 2022:

* **Pet products**

* **Home and garden products**

* **Health and beauty products**

* **Fashion accessories**

* **Sports and outdoors products**

* **Electronics**

* **Baby and children's products**

* **Food and beverage products**

**Step 2: Find a Product to Sell**

Once you've chosen a niche, the next step is to find a product to sell. There are a few different ways to do this:

* **Do your own product research.** This involves looking for products that are selling well in your niche, and then finding a supplier who can sell them to you at a good price.

* **Use a product research tool.** There are a number of online tools that can help you find products to sell. Some popular tools include Jungle Scout, Helium 10, and Scope.

* **Ask your target market what they want.** This is a great way to get insights into what your customers are looking for. You can do this by talking to them directly, or by surveying them online.

**Once you've found a product to sell, you need to make sure that it meets the following criteria:**

* **It solves a problem or adds value to your target market.**

* **It's differentiated from other products on the market.**

* **It's affordable to produce and sell.**

* **It's in demand and has a proven track record of sales.**

**Step 3: Improve the Product**

Once you've found a product to sell, the next step is to improve it. This could involve making changes to the design, the function, or the quality of the product.

**The goal is to make the product as good as it can be, so that it stands out from the competition and has a higher chance of success.**

**Here are a few ways to improve your product:**

* **Get feedback from your target market.** Ask your customers what they like and dislike about your product, and then make changes based on their feedback.

* **Do your own research on the product.** Read reviews, look at competitor products, and see what's working and what's not.

* **Work with a product development team.** If you don't have the expertise to improve your product yourself, you can hire a product development team to help you.

**Step 4: Create a Strong Brand**

Your brand is more than just your logo and your website. It's the perception that people have of your business. It's what they think of when they hear your name.

**A strong brand is essential for a successful business because it helps you:**

* **Stand out from the competition.**

* **Build trust and credibility with your customers.**

* **Increase your sales.**

**Here are a few tips for creating a strong brand:**

* **Define your target market.** Who are you selling to? What are their needs and wants?

* **Develop a unique selling proposition (USP).** What makes your business different from the competition?

* **Create a strong brand identity.** This includes your logo, colors, fonts, and overall look and feel.

* **Develop a strong

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