All language subtitles for 13. Validate Your Ideas

So now that you have your five ideas, I would maybe reflect and read that list again and we're going

to now show you kind of the criteria that I used to initially start to knock those out.

So essentially, we're going to use a scientific method of where we gather and brainstorm, where you

guys have already gone out there and you've gathered ideas and not filtered and not really rejected

anything.

We want to gather as much as possible and, you know, imagine the great future and then we destroy

it.

And then if we can't, then we try again.

All right.

And then if we can't destroy it again and then eventually it's like, wait, this is I can't break this

down.

I don't see why this won't work.

And you've got taken many angles at it.

That's when I believe that it is a good opportunity to go after and very, very low risk.

And that is the key in this business.

It's all about finding ways that you can provide value and then also at the same time do it with the

least amount of risk in the most amount of upside.

So now I'll give you guys my framework of evaluating ideas because not all ideas are good, but it only

takes one idea to make it.

That's what it's a quote from Mark Cuban.

In business, you only need to be right once.

So here is the mental framework that I use.

We go and we have all these ideas.

So you have your five ideas right now and or you've already done ideas before.

You've been doing this for a while.

Anyways, here's how it goes.

We are now going to take those.

And first of all.

Hopefully there was enough money and there was some form of unfulfilled need.

So if you haven't already, maybe now go take and write down.

If you if you didn't write down those unfulfilled needs that you found in that market, now that you've

done that, what we're going to do is we're going to look at do we have the resources to compete in

this market?

And I'm going to show you guys a bit more in depth how we actually do that.

All right.

So let's say that our first idea was Bluetooth headphones.

We thought of ways that we could differentiate the Bluetooth headphones and OK, that met our criteria

and it was doing revenue, maybe led Bluetooth headphones or something.

Now, the question is, do we have the resources to compete?

OK, now the first one is money.

If we were to go and let's say that the average amount on Amazon, we could just go ahead and show you.

So we're looking at the Bluetooth headphone market we saw charging for food made it.

Could we make it with him?

Well, what we first look at is, well, the number of reviews, that's a lot, eleven thousand eight

thousand six hundred.

But we've talked about reviews aren't the most important.

But, you know, we'll get to that in a little bit, but.

Well, it's going to be hard.

All right.

This is one of the most competitive markets in the world.

There's apples in here.

Bose is in here.

Samsung is in here.

Google just entered.

And then we've also got M'appelle and Jingjing for guys, it's going to be tough.

OK, so it fails the money alone.

Why does it fail the money?

Because you need to look like we just did this.

Look at the amount of revenue being done here on average.

I mean, everybody's doing about one hundred grand at least.

So that means that if we took now, we could look at the number of sales.

OK, so seven thousand right there.

Everybody's doing at least one thousand sales a month.

And we've said that Amazon says you look up a word and then it says, what are the best selling products

for that?

Who sells the most through that word?

Now, if we're looking at this, if we look at the price of these, these are all about twenty to thirty

dollars.

And I always like to go after premium products in the higher price because I don't like to compete on

price.

So if I was going to innovate and, you know, add some features here, I'm sure there's a way I could

brainstorm and make a Bluetooth headphone that people want and that would really add value to the market.

But the question is, do I have the money to compete?

Yeah, I do.

But still, even within that, the other framework is so I have the money that most people wouldn't.

But let's say this, I still don't have this.

OK, look at this.

This is complex.

When you're building a brand new Bluetooth headphone with all these new features, like maybe I want

voice assistant, you know, it would be great if this thing hooked up and I could call the Uber from

it.

I mean, I could hook up Alexa to this thing.

It would be really nice if it lasted for one hundred hours, OK?

And it would also be really cool if it could vibrate.

OK, so if it gave me a massage on I head to.

All right.

But I did.

It's complex to build features into Bluetooth because there's compatibility with phones.

And so you may be like, but you said you just find a manufacturer who makes something similar to it.

This is where it is.

OK, if it's technology, it's hard.

That's just the simple truth.

That's why technology companies are worth so much and the products cost so much because making the products

is hard.

But if it's as simple as changing the color of something, then it's not that hard.

Or if it's as simple as, hey, we need another piece of plastic on that piece of plastic, then that's

not too hard.

But if you're trying to add technological functionality, probably don't go after that because we'll

get to later.

Why you actually really wouldn't want to go after that.

So anyways, we've determined that that could be a that that could be a difficult one.

So if it's complex.

No, if we don't have the money, then no.

And if you want to know the money, we'll show you how to find products like the pricing and suppliers

and a little bit.

So we go to the search engine of products, which is Alibaba, and we're just going to quick do a very

quick search.

So Bluetooth headphones.

So we look generally at how many we would need to sell.

And then now we're not going to go really in-depth here, but we're just going to look at the price

of this stuff.

And five to ten dollars, we'll teach you more about how to find the true price of these.

But even four to six dollars for these really cheap looking things, they don't really attract me now.

This attracts me.

Wow.

Look at that lightning.

But they want six bucks.

So let's just say we were going to do these lightning ones are some.

And six dollars, let's say, we're going to do the lightning ones, I mean, six dollars times, three

thousand for one month of supply, you might need to buy two.

I suggest that everybody probably buys about this is a general framework, two months of supply.

It depends on how long it takes that manufacturer to make it and ship it to you.

But like we said, we don't want to go out of stock.

So two months is generally while we're just doing this initial brainstorm, we'll get into ways to optimize

that later.

But if you use to, it's the easiest way.

So two times six and now this would be six dollars.

Times three thousand.

That's eighteen thousand dollars for one month.

And then we need to buy two months of inventory.

So this is going to be thirty six thousand dollars without marketing.

That's this is a big investment.

OK, so because there's a lot of money to be made, all right.

But there's still bit.

But if you were doing this like this is making like half a million dollars a year.

So it takes money to make money.

So we don't need to make half a million dollars a year on our first product.

OK, we can find something where it's much smaller and said, get these little home runs where you can

see a massive amount of return on investment, but you are up and running really fast and then you just

add another single base hit.

And then maybe someday when you you've got it all really figured out, you could go after the big,

you know, the big leagues.

Oh, also, if you have thirty six thousand dollars to still don't do it.

OK, but when you are getting started, you do not want to go up against the major leagues just because

you have the chance to go into the major leagues.

You know, if you get an invite, go and train until you're ready to go and fight against them, OK?

So that's what I suggest.

This is a learning process.

And so you've gone and you get ideas and then you try to break them down.

And once you find one that you're confident in, you start to take small at bats because like I said,

I didn't get them right away.

But if we remember my first products, I said I failed eight.

My first eight failed, but I only lost three to 5000, OK, three to 5000 was what I lost.

And then what happened then I was confident and I invested 7500 because I found in an ideal that I could

not destroy.

And then that turned into three point two million and well I that's turned into forty four at bats after

that that were all home runs.

But I failed and struck out eight times.

So if I would have blown it all on the first one I would have been done.

So learn how to do this process and then slowly you go deeper and deeper.

And that's the way that I suggest that people, if they want to be successful, that is what it is.

And you're in here, so you want to be successful.

So next, once we've determined, OK, so once we've determined, all right, we have enough money for

this, it's not going to make or break us, but it will make money for us.

That's good.

OK, and then once we decide this isn't too complex, you know, let's say it's a motivational wristband

like we showed before, I think I could talk to somebody who makes plastic wristbands.

And I mean, the school president in high school got us wristbands for our track.

So, like, I could probably do that.

You probably could do that.

It looks like it's profitable, not complex.

Well, then that's good to go.

So we go to the next one.

OK, so here's the other thing.

If we don't stick out.

Look at everybody else you're up to bat against, you're up to bat against all these people, so why

is it like we want to make sure we have this form of differentiation?

OK, because then now, instead of going against everybody, we're just next to everybody.

And it's like, oh, well, hey, I like that one and there's nothing else like it.

So whereas if you're like everybody else, then it's hard.

OK, so this is the form of differentiation.

That's why I said we look for that because we're just next to them and we're quite different.

So that's what we want to do.

So like we said earlier, there was the utility that people are looking for in products and then there's

self-expression.

But make sure you have some form of these and actually really question yourself.

You know, why do people want this?

Let's say you're only going off utility and the market isn't looking for self-expression.

OK, well, do people really want this added utility that you're thinking, OK, then that's the way

that we would process this.

And how do we know that, though?

We by looking at the reviews like we did with the wristbands earlier, it said, you know, we knew

that this was teachers blind because of the reviews.

And then we knew that people already complained about them not being big enough and then breaking.

So that's how we would know that this utility is wanted because the customer said it, not our brain.

That's how we can use data.

To make our decisions, so that's how I would go for utility and self-expression is an easier one because

it's just shown by what people are buying and the tools tell us what people are buying by looking at

the sales amounts.

So that's how we know if self-expression is important.

Now, if we determine that it's utility that's needed, that nobody's offering, go to the next step.

If it's self-expression, that we could go to the next step.

But we want to make sure that we know who's buying it so that we can develop a way that matches what

those people want.

So if these are teachers, you know, start looking into teachers and what people teachers post on blog

posts or, you know, quotes or stuff that teachers are saying so that you could go but develop a better

wristband for teachers.

OK, so that's where this is the art part of self-expression.

But you're using data to make sure that that self-expression is that you can rely on that.

And then also, I'll tell you later how we could really confirm that that self-expression is correct.

And it's just kind of as simple as when, you know who's buying.

You kind of just go show your new ideas to those people and then you show the competitors.

And then if they're like, yeah, I like that better, well, then that's that's about it.

It's not too hard, actually.

Now, once we have determined we have our five ideas, you've got your five ideas.

And now that you've checked off these five ideas and you have the resources to compete and it's not

too complex and you have some added value and utility and self-expression or utility or self-expression

or both, if you get the more you have, the better.

But it's not required to have all of them.

Now you need to look, do you have the ability to source and this isn't as hard as it sounds.

So there's a couple of things to look at.

And the most important one is this.

So this whole reason that we're doing this is we have an idea that we're adding.

Value or we're solving an unsolved need through utility or self-expression, so we have this idea in

our head essentially, is this supplier that we're going to talk to you and I'll show you how to find

them quick.

Do they have the ability to actually make that product in your head and fulfill those things?

If we're looking to make a wristband that's thicker and stronger, can they actually do that?

Well, how do you know that?

Well, you get a sample.

It's not not that hard for that.

But if they can't do that, it all comes down to your product at the end of the day on Amazon.

So we need to make sure that we've done our due diligence to make sure that it makes sense that people

would buy it.

And then the the product actually matches that because you don't want to make false promises.

Then the last ones we kind of want to look out is this are the regulations for doing this so you can

have a great idea to sell a product, but it's going inside of somebody's body like a supplement or

something, and there might be regulations on that or it could be a lighting product.

And wow, it has all this great stuff, but maybe it burns someone's house down or something like that.

So I generally try to avoid things with regulations, but I did go into something with regulations.

So this will keep people out.

It's just a lot more work.

It took me months to go into something with regulations and you really have to make sure you have a

good supplier.

Like I will be straight up with that.

If there is danger, do your work because you don't want to hurt anybody that's hurting somebody to

make money would be a bad choice for all.

So try to find an area where regulations aren't going to hamper or potentially hurt people.

Now, the last one is profitable.

So we determine this doesn't have regulations or if it does, they're our supplier has that.

And it's we're not going on our first attempt.

We are not going after anything that goes in anybody's body or an electrical outlet, OK, or that has

batteries.

Don't go after those right when you're getting started unless you really know what you're doing and

you've been in business for a long time doing something else.

Now go after profitability because we need to make money selling this.

And profitability is easier when we're different.

Because we can charge a higher price when nobody else when there's nothing comparable to us, they're

sometimes like, why do people pay higher for Apple?

Now, Apple is very complex, so don't do that.

But because there's just nothing like it and it has a really good experience anyways.

Go after something that is profitable and so now but you're like Brak, how do you find something that

is profitable and that the supplier can meet our requirements?

Well, I'll show you.

We go to the search engine of products.

Alibaba, if we look up silicone wristbands on Alibaba, sorry, I say kind of weird.

We can get a general idea of the price like we talked about before.

And I mean, so sometimes they'll be like five cents.

Yeah, they just do that to get you to click.

But if you look at the all the prices, you can just start to kind of average them out.

I can tell you how to get the best price.

And we talk about that in the intermediate course.

And we will also tell you in the intermediate course how to make sure that they can meet all your requirements.

We're not going to go over that now, but basically look here and just start to brainstorm and look

at the average prices of what you're looking to get.

And so I would say there's OK, so we have twenty nine to nine.

So it's probably more like 20 cents apiece or here.

That's I mean, that's really cheap that anyways, I can tell you from my personal experience that this

will probably be about 20 cents per wristband when said and done, if you want to get those nice colors

added in, because the cheaper ones all just have one logo and then you'll see you could you could even

get like special like designs made and find different ways to differentiate.

So this person would probably be more likely to offer differentiation because of their photo compared

to the other people who are just offering the simple stuff.

And then, yeah.

So as you're looking around here, you just want to get a general idea of what the price range is and

what options there are here.

And you want to get something that is as close to what you're looking for as possible so that you think

that they could make those changes that you're looking for.

So remember here we're still in this kind of ideation thing.

We're not having to go really deep on one thing.

We're just going high level over everything to make sure that there's no red flags.

And then obviously, before you buy and saw something, you go really deep on everything.

And that's what I do in the intermediate course.

But here, OK, let's just assume it was 20 cents apiece or even twenty five after looking at this just

to be conservative.

Now what you do is you go back to Amazon.

OK, so now what we do to calculate the profitability, go click on one that is like what you want.

And we could go here and we can use the viral launch tool and we'll be able to see some more in-depth

data about it.

Now, just make sure to choose something that is the same size as what you're looking to source, because

Amazon fulfillment fees, which are a big part of this, are all determined on the size of your product.

Now that we're on the product page of something that is the similar size of what we're looking for,

because Amazon charges us by size and weight.

Now, what we'll do is we'll go to the cost calculator, OK?

And now what we could do is here it will tell us the fees.

So referral fee is two dollars and twenty four cents.

So you can't change that.

Amazon fees.

These might change based on our dimensions.

OK, so it's three by one by seven.

Haidt doesn't look like that.

So this is just the basic thing.

So now landed costs, what does that mean?

That means what does it cost to get this product into the Amazon warehouse?

And that's just simply how much does it cost you?

And then what is shipping now?

We can explain shipping later.

But a really easy way to know is, I mean, it's basically free with these like they're so small and

they fit into a bag that it's maybe ten cents apiece, probably less coming from China about that.

But bigger products will cost more and we can give down there.

It's going to be too hard to explain in a video and long.

I'll just give you a nice little tool to calculate the fees and just so you can have a general idea

of what's going to cost.

But this so let's say there are 25 cents apiece and there were six of them.

So, you know.

Twenty five cents times six is dollar fifty.

And then if we added even ten cents shipping, let's go.

Let's go crazy.

Let's go with twenty five cents.

OK, a dollar.

Seventy five.

Well this costs a dollar.

Seventy five are Amazon fees are three dollars and twenty two cents.

OK, and then additionally.

Is it really?

I don't think it's really an inch thick, let's call this half an inch and.

Weight would be zero to anything, doesn't really weigh anything.

Oh, so I was able to write their I just edited the dimensions to be more what I thought.

So you'll actually see that that person's pain.

Eighty two cents too much for every product they sell just based off their packaging.

So you want to make the dimensions as small as possible, but we'll get into that later.

Those are just the little things you can do to tweak.

But it wouldn't matter either way if we were paying because this thing, profit per unit would be eight

dollars.

Fifty four cents, which was right on my calculation.

So it sells for.

Let me find the price here.

So this product sells for 15 dollars and we are able to see that with those costs that it costs, that

we make eight dollars and fifty four cents per product and.

It even helps and tells us the initial amount of units to order, the amount of units that were probably

going to have to do with ads and sell may be cheaper.

We'll get into how to launch products later.

But you you don't need to know how to launch a product until you find one ready to launch.

So don't focus on that.

We're just focusing on can this make money?

OK, and we will need us essentially to do our first order.

We're not going to focus on the first order.

This is profitable, OK, even if we lose 50 cents a piece, this would still be profitable product

to make and not very hard to make.

So that's basically how you could use you could also use a free tool from Amazon called the Amazon profit

or that Amazon revelant revenue calculator.

I don't know.

Anyways, I just always look up for a profit calculator on Google.

OK, also link it down below and it essentially will tell you the fees and what you could expect to

make yourself so.

But I like the viral launch one because it's just built on the page, whereas with the Amazon one,

you're going to have to put in a bunch of info.

But you guys can go check out the free one down there with that link.

If you want to use the Amazon tool, it works.

It doesn't have all the functionality of this, but it will show you how much you will get at the end

of the day.

Now, if your idea passes all these, it's probably something that you should go forward with or to

start analyzing more in-depth and start beating, beating it down.

And if you still can't, then now here's some other things that I briefly look at to do a little bit

more analysis.

But all of the all ideas should go through this initial framework to just get it out of the door right

away.

If it doesn't meet these, don't do it.

OK, is a beginner just this this framework will really be the best way to have success.

You don't want to be in the herd with everybody else and you need to be able to fund it and make it.

And if none of your initial ideas made it through this, that's OK.

It takes time, go back, use tools, use whatever methods you have, start looking at every product

in your daily life and just start running them through this and you'll start to get ones that make it

through this.

Now, once you have that, some other things to take into account, you want to check for seasonality,

like, you know, you don't want to be sourcing and like looking at the sales of mosquito nets in August

and thinking, whoa, this is going to make so much money and buy a bunch and nobody's buying them in

November, December, you know, or a kid swimming pool.

You know that to you want to look at the size with the kids swimming pool.

You probably can't ship this by air because it's to cost a lot.

So you don't want to be doing things that are extremely large because you're going to get indice shipping.

And if you're a beginner, sea shipping is going to be difficult.

And there's a whole lot of other stuff that comes with that.

So we're just going to skip that, try to find something that you could ship by air that is it's not

too big where you can find some way to add value and where you can find somewhere to fill a need that's

not being filled.

The other key is search volume, you want to make sure that you want to make sure that this word that

you're looking for, so let's say you looked up kids hippy pants, you want to make sure that if it

could look like a good idea, everybody's selling a lot and nobody is making kids hippie pants.

Well, if there's only 10 people a month looking it up.

You might think if you didn't know there was 10 people a month looking up kids, hippy pants, you might

try to make those, but you realize nobody's looking for that.

So it's not a good idea like that.

So that's something to make sure that make sure that there is search volume for your keywords and we

get more in depth into search volume and keywords in the intermediate.

But the basic bare minimum, just make sure there is volume.

OK, because if there's no volume you need.

Cancel.

Another thing is sales, distribution or brand affiliation, so it may look like a good eye, it might

look like a good idea to sell Nike.

There's a Nike symbol for you.

All right.

Another actually, you know, this could be a dinosaur, I think.

All right, so you're selling Nike, the Nike dinosaur, and all right, another bad drawing from Brock,

but another bad idea, if you're trying to go and sell Nike, you you don't want to go and try to invent

a new Nike shoe because people are buying because it's Nike.

They're not buying because it's a shoe.

OK, so you need to look at the more overall shoe market.

And another example would be let's call purses.

OK, you could have a great new idea for a purse.

And they're selling for a lot of money, but people are buying because it's coach.

Or Prata.

Purses are a very different market and a lot of people are buying because of brand and not necessarily

functionality, so you don't want to necessarily look at a really high end person and say, oh, I could

offer something that is way better value than that.

And I should people should buy mine.

Yes, they should, but they won't because they're buying this because they want to be cool, you know,

they want to be a guy.

They want to feel or whatever.

There's the added value of Coach and Prada is that you're wearing coach and Prada, that somehow you're

cool and people will be like, wow, she has a coach purse.

All right.

We're not going to be able to do that with a limited budget.

As a beginner, they're not going to be like, wow, he's working for us.

I want to wear those.

OK, so make sure that we've got some form of differentiation other than the allure.

And then also another thing is we want to make sure that the competitors that we're looking at have

a history of selling, that they've not just been on there for five days, that they've been on there

for months, and that there's new sellers in the market.

So this goes back to the sales distribution.

The best way that I could explain it is so let's say somebody is doing I should probably just show you

guys.

All right.

So when we take a look at example, at the motivational wristbands here on viral launch will be able

to see.

That by looking at people, if we're trying to emulate their success, we want to see that in this market,

the sales distribution, are there multiple people winning?

It does look like there are multiple people winning.

It's not just that one person is is winning and nobody else is.

It's evenly distributed.

If we look at this market, people have been selling for a while some of these twenty, sixteen, twenty,

seventeen.

But they're not doing a crazy amount of sales and their sales have been very consistent.

So if you go in one where low reviews and consistent sales, that is good because.

They're consistently selling and there's some form of choice here, so it's easier to go into because

I mean, we just we don't need to get that many sales to be ranking here.

And on top of that, there's there's barely any reviews and it has self-expression.

So this would be somewhere where we could easily go in.

Now, if only this guy was doing 20, 700 right there at the top and everybody else was doing 100 or

200, I would think differently about this market.

But there are other people doing success here.

And, you know, maybe some people are like, this isn't much success, but half of this is profit.

So I would call even five hundred dollars a month profit a success on a product if you build ten of

those that 60 grand a year.

So very doable here.

So a sign that would be frightening would be if the people at the top here had been selling for years

and had thousands of reviews and the only people that were new would enter the market, had only been

there for a week or a month because those people probably are cheating the algorithm and they're probably

not going to stay up there for very long.

But this has low reviews.

It's been selling for a while and it's been selling consistent.

And we could add we could add we could solve unsolved need here.

So this would be good.

OK, all right.

So I said you can cheat the algorithm, you can try to cheat the algorithm.

You may have heard about this concept of doing product launches.

If you're if you're in here to this point, you've probably done your research on Amazon.

And I actually do not think it is smart to do product launches and use in launch services.

Just a quick note on this.

Basically, basically, people will use the algorithm to get a lot of fake sales at ninety nine cents.

Through keyword, so.

People would then put in motivational wristbands.

So people are put in the word motivational wristbands into essentially a juiced link where it's like

Amazon.com, brutal, and then the keyword is equal to.

Ba, ba, ba, and then so it's basically a Jooste link right here that has the keywords built into

it.

It's called like a two step YORO through a brand.

You don't want to do that because people think that you can just go and cheat the algorithm and then

they just say, well, that guy's making so much.

So if I just do what he's doing and then I go and cheat the algorithm, I could take a little bit of

this piece of the pie.

Yeah.

You know, I could get that little sliver.

No, that's why you see everybody fail, all right.

Because they try to copy and they try to think I could just cheat the algorithm.

You're not building a business.

And that's why you see all these failed stories.

Are people calling it a scam?

It's because people are trying to sell you on a dream that it's easy and that, wow, you could just

make this sliver of the pie.

If you just go and you buy my thousand dollar course and you just hack the algorithm and they're just

hacking you, all right, because they're just selling fake dreams.

It does not work like that.

If you are really sophisticated, you have a lot of money.

There are people that do that.

But guess what?

They're screwed long term.

And what are they doing?

They're just like they're not doing anything for the world.

They're not really adding themselves long term.

And it's really complex.

And those people are really stressed and they get caught in their businesses overnight, are destroyed.

And they find out maybe they just made millions of dollars over these years, but they reinvested it

in another bankrupt and all of that because they were just cheating.

Do it the right way and enjoy what you're doing.

That's what I preach.

If you want to go, there's lots of thousand dollar courses out there you go try to hack something.

You will lose a bunch of money.

And then you could say that this is all a scam or you could put in the hard work and think about it

and never give up.

And eventually you make it.

Now that you guys have this framework, I want you guys to post why your ideas didn't make it and give

us very specific examples of why you thought I was a good idea and then why you now it isn't.

So I think that the more people that we get in examples of things and why people don't think they're

good ideas is better.

I mean, I could go on here and give my opinion on these all day, but the more that you guys get down

there and communicate with each other, the learning is just going to really explode there, because

I can only give so many examples.

And it's not like my viewpoint is the only good one.

There's lots of good viewpoints and everybody has good ideas.

And so I think that getting a community and actually conversation around it is the best way to get to

the truth.

All right, you guys.

So another summary, you're going to get used to me doing many summaries, but I like to repeat things

that are important.

And this is the most important part of doing Amazon.

So your videos, your five videos, you comment, you put them through this framework, you comment

down below of why you thought an idea was good and then why didn't work England comment on each other.

So why no, maybe maybe support each other of why it actually would be a good idea or vice versa.

You make sure that you have the resources to compete and it's not too complex, but that you are differentiate

differentiating and solving an unsolved need.

You make sure that you have ability to be profitable and that it's not dangerous.

And then don't worry too much about a supplier being able to fill.

All the needs will go over that in the intermediate course because that is a bit more in-depth.

But that's essentially where you're going to leave your ideas to actually going and taking action and

getting samples.

And then side note, you also want to make sure that it's not seasonal or if it is seasonal is a very

good opportunity.

I mean, I made a lot of money off it, but you just need to take that into account.

Sourcing process is much different.

For that.

You need to plan ahead.

You don't want source something too large to get started and wants to go.

You want that thing to fit.

In an aeroplane, and you want to make sure that there's actually search volume for what you're looking

for so that you're not trying to, you know, differentiate and add value where there's nothing to add,

you want to make sure that there are multiple people winning and that you're not trying to make diving

for food the thing.

All right.

And then that one wasn't nearly as funny as the last one.

That's OK.

Get used to it.

Bad jokes all the time.

And then you want to make sure that people have had success and that it's not just that one brand and

that people have been seeing success in the market for more than a month now.

Once you pass these, you ready to go and check this out if you guys have made it to this point?

Congratulations.

I hope that you have started and looking at ideas and seen the opportunity of Amazon.

Now, the rest of this beginner course is just going to be giving you that mental framework of the rest

of the steps of the process.

You can understand it now.

If you have a product and you're ready to go, you want to go to the intermediate course because there

is more that is involved than this.

This has been explaining the opportunity and my general framework and principles.

However, I am very detailed and I always analyze and I want to give you guys everything so that you

can have the highest chance to have success and then also the limited amount of risk on the lower side.

And those take longer to explain.

And I think that those are really important, though.

So I want to iterate do not go ahead and source something without watching that.

If you do, you do that at your own risk because.

Yeah, just that's what's up.

So I also want to let you guys know that I've recorded this on the 11th of November twenty eighteen.

And we will be updating this and taking out if there's any errors or things that change.

But the best way to do that is to follow my social media.

So if you go to my YouTube, Barrack Johnson on YouTube or if you go to Instagram official Brock Johnson,

that's where you see a lot of the daily updates.

You'll see news and all sorts of other cool stuff about business and in general, not just Amazon,

but business concepts.

That's going to be the best place and that's also the best place to get my attention.

If you have questions, we will be doing live calls on there.

So make sure to go and follow me on there and you'll get the most up to date information.

And if you have questions, leave them there.

And that's where you'll be the most likely to get a response.

And we are doing our best.

If you leave a thoughtful comment, I could tell you that it will get responded to.

If it's like a four sentence question, we get a lot of questions that that might not get answered.

But if you leave a really thoughtful, laid out question, I love to answer those and I will be answering

those.

So I look forward to seeing you guys there.

And I wish you the best of luck and I'm going to give you the rest of the framework.

And then I just want to let you know I will probably be talking differently in the intermediate course

because that's assuming I'll be going a lot more in depth there.

So don't be just expect that that.

If you go to the next course.

I will be going more in depth.

We'll be going really deep, so if you felt that this is too shallow, don't worry, we're going to.

All right.

So thanks you guys.

Make sure to check that out.

And now we're going to go to saucing and beyond.