Check Us Out

05: Product Research – Part 3: How To Calculate Your Profit

Are you ready to stop wasting time, and start maximizing your energy? Then you are going to need the right tools to help you out. Here at Actualize Freedom, we have gathered all of the best market research tools and hacks so that you can start your new e-commerce business quickly and efficiently. This is Part 3 of our Product Research series. Make sure you have listened to Parts 1 and 2 before moving on!    One of our favorite time-saving tools is a Profit Calculator. It is a simple excel spreadsheet that will allow you to quickly and effortlessly see where your money is going and if a product will actually allow you to turn a profit. Look into our Keystone Pricing Model to ensure that you are pricing products well. While you are using these tools and putting in the hard work to start your business, don’t forget to take care of yourself. Have a steady exercise routine to make sure you are at top performance.    Make sure that you take action after you’ve listened to this episode. We’ve gathered the resources and given you our best mindset practices. Now you can optimize your life and prioritize your freedom.     More in this episode: Learn all about a profit calculator.  Our resources for any info you might need to calculate your profit.  What is the Keystone Pricing Model.  Having formulas and calculations in mind can save you time.  Know whether or not your sourcing is too expensive.  Create a process to stop wasting time in product research.  Prevent yourself from burning out with enjoyable exercise.    Resources https://www.junglescout.com/   Dutycalculator.com    Actualizefreedom.com/resources  

04: Product Research – Part 2: Competition Analysis

What is the optimal product for your online business on Amazon? It’s impossible to know without a little homework. Let us show you how!  Welcome to Part 2 of our Product Research series. In Episode 3, we shared some of our best practices for beginning Product Research. It is crucial to your success to know your product will be a profitable investment well before you ever post your first listing on Amazon. Do you think you found a product that will allow you to unlock your success? Then now is the time to use what we think is the most underrated tool of Product Research, competition analysis.    Jump onto Amazon and take a look at all your competitor’s similar listings. In this episode, we will give you metrics and criteria you can use to analyze your competitor’s listings and ensure this will be a profitable product for your business. We will discuss how to spot a trend, and why jumping on the bandwagon is rarely profitable. We will show you easy ways to compare competitor’s listings and find your opening. Above all else, we will equip you to turn your research into action by setting up weekly goals.    Make sure to stick with us for Part 3 of our Product Research series. We know it is well worth the time investment!    More in this episode: A review of the basic criteria and metrics for Product Research.  Look at the trends, and beware of the trend bubbles.  Lightning deals and limited time promotions drive sales but increase competition.  Reviews: how many is too many? What can we learn from them? Analyze the quality of your competitors.  Tips that you can use to get on the 1st page of Amazon.  Use weekly goals to keep accountable for your success.    Tools and Resources Amazon’s Restricted Products: https://www.amazon.com/gp/help/customer/display.html?nodeId=200277040   Helium 10 Chrome Extension: https://www.helium10.com/   Google Trends: https://trends.google.com/trends/   Goal Setting Spreadsheet:  

03: Product Research – Part 1: How to Find Winning Products

So you are ready to hack your freedom by starting your own business on Amazon. Great! What do you need to do next to ensure your success? The answer is surprisingly simple. Product Research. Doing Product Research is the key to unlocking your success. In fact, 80% of your success on Amazon comes down to research.  Lucky for you, we have the strategies and systems you need to get your Product Research started. Listen to this episode to learn what you need to do to ensure your business is profitable and worth your investment. New skills are attainable and necessary to build up your business. It’s time to dig in.   Learn in this episode: Look for where the demand is.  How you can optimize your listing.   Skip the seasonal products, gadgets, and furniture.  Consumable, lightweight products.  Why higher-margin products are safest for Amazon. We share our pricing secrets.  How to learn new skills FAST.  Our action steps to take your business to the next level.  Resources: www.actualizefreedom.com/3

02: Making Early Decisions About Selling on Amazon

Welcome to episode 2, and another chance to change your lifestyle and hack your freedom through e-commerce. We are here today to tackle some of the tough questions you are going to face when you begin your online business. What kinds of products should you sell? How about pricing? Are you ready to enter a big market with the “Sharks?” What about that elusive work-life balance? Is your head swimming yet? Don’t worry, we’ve got your back.  All of these early decisions can be easily navigated with your goals in mind. We think it’s best to start small, whether it’s your passion product or a practical next step. Are you ready to take the plunge? Great! We are going to load you up with practical next steps, tips, and tricks to boost your productivity, and words of wisdom right from our own experiences.  Show Highlights: Passion v. Practicality. How to choose your product. Deciding between high volume sales and niche markets.  Gain experience in one field in order to become competitive with larger sellers.  Let’s talk about pricing and startup budget.  We share the pricing “sweet spot.”  Our tried and true tips for productivity.  Dealing with your friends’ and family’s expectations.  Look out for our next episode where we dive into product research!    Resources: Focus Booster Pomodoro Timer www.actualizefreedom.com  

01: The Future of Online Business

It’s no secret that e-commerce is transforming the way we do business. Brick-and-mortar businesses are closing left and right, and the consumer trends point to more and more money being spent on an online platform. Even industry leaders are suffering because of the online business evolution! So how can you get in on the action? This is the Actualize Freedom Podcast, a no B.S. podcast about how you can change your lifestyle with hard work and an online business. We are your hosts Danny Carlson and Wilson Lee, and today we wanted to talk about the future of business in the online arena. We’ll go beyond the theoretical and get into the practical “gritty” details. Jump in as we discuss why we think Amazon is the best option as a selling platform, and then we’ll give you action steps to take in order to begin your e-commerce venture. This is not another “get rich quick” scheme. This is serious business. Are you ready to begin?    Show Highlights: We unpack “scalability” and why online business makes that easier.  The huge price benefit of doing business online.  Why Amazon is a good scalable business model.  Amazon fulfillment is a key advantage for online business owners.  Let’s talk about all of those “get rich quick” schemes.  A typical time frame for results in Amazon business.  The dangers of dabbling. It’s time to commit to doing what it takes.  Tangible steps that you can take to get into e-commerce.  Resources: www.actualizefreedom.com