336: Direct to Consumer Product Research - How to Find Your Next Profitable Product

Published: May 23, 2019, 9 a.m.

b'\\u201cEveryone is researching a product, I\\u2019m telling you to research a problem,\\u201d Chad told me.\\nChad Rubin runs ThinkCrucial.com, a profitable e-commerce business that he\\u2019s built by selling products that solve a pain point for people. Every product follows a direct-to-consumer strategy that lets him source and sell in-demand products efficiently and inexpensively.\\nChad\\u2019s story began when he was laid off from his job on Wall Street. He started helping out at his parent\\u2019s vacuum shop, selling some of their inventory online.\\nHe came to the realization that the profit margins were being eaten up by intermediaries along the supply chain, so he decided to get closer to the manufacturers to make more profit per sale, while still selling at a competitive price.\\nHis first products, starting with what he knew, were vacuum filters. Once he had the blueprint down for selling at a higher margin than his competitors, Chad started sourcing new products to expand his product line, and he has an interesting and unusual way of finding product ideas.\\nTune in to hear Chad\\u2019s unique take on product research, what he calls the \\u201canti-Amazon opportunity,\\u201d and some sneaky ways you can connect with expert manufacturers.\\nFull Show Notes and PDF Highlight Reel: Direct to Consumer Product Research - How to Find Your Next Profitable Product\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'