033 How to Make Multiple 5 Figures from a Physical Product

If you’ve been thinking about adding a physical product onto your service-based business, or if you've done it and it wasn't really successful, but you want to do it again and make 5+ figures from it, then this episode is for you. We will talk about creating a product that people want to buy, the importance of market research and sourcing the right production team, calculating profit margins, deciding the purpose of your product, and the product customer journey.  What You Will Learn in This Episode: - How to decide on the right physical product to create - Creating the ultimate value in a product - How to do market research - Finding the right team for your product launch - How to calculate the profit margin - Thinking about the purpose of your product will support you in your motivation to sell it - How to deal with customers and the whole customer journey When you're first launching a physical product, it is all about testing, making constant improvements, staying committed and creating a movement with your physical product. Collect reviews, get distribution support, and make sure that your product is desirable. And always remember that you can do it and have it all. Resources: - $1000 in 7 Days Free Challenge https://go.jojograham.com/optin1644181307423 - My website https://jojograham.com/ - The Simple Business Growth Incubator https://jojograham.com/work-with-me/ - Find me on Facebook https://www.facebook.com/JoJoGrahamSimpleBusinessMentor/