Latest Podcast Episode:
165: Interview with Tracy Malone

Subscribe Apple | Google | Spotify | Stitcher | iHeart   Helping others suffering from Narcissist Abuse through her own experiences   This week I am interviewing Tracy Malone, a leading voice in the subject of narcissist abuse. We talk about her journey of...

Late Starters Club Podcast
Late Starters Club Podcast

This is the place for inspiration, motivation, and mindset resets. You will walk away ready to take action with practical and informative advice from some of the most amazing “Late Starters” on the planet.

M

Ep57 Transcript: Tools to Help You Sell a Product – Quick Fix Friday

February 10, 2023

 

Hey, late starters, do you want to sell a product but aren’t sure how to get started actually selling it? Maybe you have a product idea, but then you’re not sure what the next step is. In today’s episode of Quick Fix Friday, we’re going to dive into tools you need to sell a product.

Hello Dreamers. Welcome to the Late Starters Club, giving you the inspiration mindset and tools you need to start something midlife and beyond. Remember, it’s never too late to follow your dreams.

First a word from our sponsor, me.

Are you feeling stuck in your business and aren’t sure how to grow? Or maybe you’re starting something new and just really don’t know what strategy is going to work best for you? Well, then you might need my one-on-one coaching and consulting.

I’ve personally helped businesses grow to the six-figure mark and seven-figure mark. Whether it’s really diving into your ads and seeing what’s wrong, giving you hands-on specific advice, or it’s just taking a look at your overall strategy and giving you some recommendations for moving ahead. Just go to andreavahl.com and go to the consulting and coaching tab for more information. And packages that fit your needs.

And now back to our regularly scheduled program.

So maybe you have a product idea, you’ve already got things started, you know there’s a need in the market, but how are you going to actually sell that product?

Well, there’s different outlets that you can use and you have to think about what kind of method you’re going to use to sell that.

One would be your own website. You would set up a website. Maybe you set up something that’s just a WordPress website and you have some sort of shopping cart software like Thrive Cart that will actually sell that product and actually take the money.

Another method would be using something like Shopify, which is kind of an all-in one tool that allows you to create that website and shopping cart system very easily together.

But both of those methods require you to really attract the eyeballs to that site, which is great, and a lot of times fairly profitable. If you can get enough eyeballs and enough interest on your product. So you would maybe use something like Pay for Click ads. Maybe you would do some organic social media marketing. Maybe you have an idea for how you’re going to get the word out about that new product, and that’s great.

But maybe you want a built in audience where you’re going to produce that product and then have eyeballs that are kind of built in for you. Like a site like Amazon or Etsy or Zazzle. Those sites already have people looking for things to buy and have methods for getting your products in front of possible potential customers. Even things like Facebook Marketplace or eBay could be viable options for you.

Another option for you could be like a wholesaler where you are going to sell it to someone in bulk, just like Lori Crete did in episode 55 where she was working on getting her Spastar Wrap into hotel chains.

And that does take a little bit of salesmanship as you’re making those relationships with the people who are in charge of the spas. She luckily already had some relationships being an esthetician, so she could do both her own website. And some wholesaling into other places.

Another thing to consider is using someone else’s audience by offering affiliate commissions on your product so that you can use other people’s audiences, give them a commission for selling your product and sell a lot of products at once.

Typically, this is better for a higher price product because people may not be interested in $2 commissions on a $4 product. You also have to keep in mind the cost of goods sold for you, because things are definitely different when you’re talking about digital products that don’t have a lot of cost to them versus a physical product that definitely does.

There’s lots of considerations when figuring out where you can sell your product, and I think a big thing is just doing some testing. You could even test the market ahead of time, see if you’re getting some pre-sales on the product to see what kind of interest there is out there before you go and launch your product big and invest a lot of money.

Hey, want to buy my product?

If you are considering selling on Amazon, I want to give a shout-out to my friend Steve Cho, who has a blog called My Wife Quit Her Job. I’ll have the link in the show notes here, and he covers a lot of things about selling on Amazon. Has a ton of great resources and a great podcast about this as well.

What I love about selling a product is that anyone could set up a store and do this. It’s way easier than it used to be before, and there’s lots of great options. So if you have an idea, get out there. Don’t be afraid, give it a try, and happy selling.

Hope that was helpful, and make sure you grab the free guide Top Tools for late starters on the website at latestartersclub.com, and let’s turn dreaming into doing.

Join the conversation.

Let us know what you think about this episode.

0 Comments

Submit a Comment

Never miss an episode.

Subscribe to the podcast

Late Starters Club Podcast
Late Starters Club Podcast

This is the place for inspiration, motivation, and mindset resets. You will walk away ready to take action with practical and informative advice from some of the most amazing “Late Starters” on the planet.

You may also enjoy…

Ep165 Transcript: Interview with Tracy Malone

Ep165 Transcript: Interview with Tracy Malone

[00:00:00] Welcome Tracy Malone Andrea Vahl: My guest today has gone from a marketing professional to an international leading voice in the subject of narcissist abuse in the span of about eight years. It isn't necessarily where she wanted to be, but it is a mission...

Ep164 Transcript: Interview with Leanne Linsky

Ep164 Transcript: Interview with Leanne Linsky

Andrea Vahl: From accountant to corporation to full time comedian in New York to now a CEO of an online comedy streaming platform. That's an unlikely journey, but my guest today, Leanne Linsky has done it all. Listen to how her view of failure has changed the way she...

Ep163 Transcript: Interview with Paul Baron

Ep163 Transcript: Interview with Paul Baron

Andrea Vahl: Tune in. As we listen to Paul Baron talk about how he has partnered with a firm in China to bring this product to the U. S. Hello, dreamers. Welcome to the late starters club, giving you the inspiration, mindset, and tools you need to start something...