Jungle Scout's Million Dollar Case Study: How To Find Product Ideas
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Transcript of Jungle Scout's Million Dollar Case Study: How To Find Product Ideas
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The Million Dollar Case Study
Journey to $1mil - 100% for Charity
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Where are we currently?Jungle Creations - 14 Months
Jungle Stix $2.7/unit, shipping, PPC, promos, etc. leaves us ~$3.5 profit/unit
We want a BIGGER charitable mission
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What did it take to get to there?Find all the details at: junglescout.com/collaborative-launch/
A few thousand dollars to purchase inventory
~40 hours of work to launch a product
~4 hours/month to manage it (185 emails in the past 365 days which is 15/month. I’ve also placed 6 reorders and I spend an hour or two each month messing with PPC and Split tests)
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TIMEFRAMEunknown
CHANNELSunknown
PRODUCT(S)unknown
4 We need more products to get to a million
Not stopping until we get to a millionknown
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Just in Time LearningPrivate label model▸ Find good opportunity▸ Brand it▸ Source from China▸ Sell on Amazon
Follow along with us!Don’t get ahead of yourself, you’ll learn it when we do
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What’s Happening Today?
Criteria for finding product ideas
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How to find product ideas
Add ideas to Product
Tracker, re-evaluate
next week
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Must HaveExisting Solid DemandLow Competition Good MarginsLow Seasonality No legal issues>$18
Product Criteria
Nice To HaveProduct ImprovementSmall/lightweight
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Let’s Find One!
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Next Steps
▸ Wait for data to aggregate in Tracker▸ Continue to add to list of ideas▸ Join us next Wed 3/1 same time (8p ET/5p PT)
▹ URL will be here: https://www.junglescout.com/the-million-dollar-case-study-session-2-product-research/
▹ We will send reminder emails next week!
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