TED Translators

I have great passion for translation, subtitling, reading wide-range of books, such as spiritual books and literature. I am passionate about exercising and running like the world has just stopped moving

Income inequality and policies evaluation

Research; TV and films; books; travelling; understanding the human body

Creating products, private label products. Private labeling products, in simple terms, is turning an already existing product into your own branded product. Well, it's a tinny bit more complex than that... You have to make any changes you can see that will make the existing product even better. Another major thing to consider is to change the product in order to make it stand out and be unique. One way of making your product stand out is by pricing it right! Pricing right doesn't mean, having the lowest price, it may in most cases even mean the opposite. Increase your price to give the perception of quality. But you can't give the product the perception of quality if it doesn't have any to start with. So, you have to define what is quality in this category and what are my competitors doing with their products. This is when you are required to buy and test your competitor's products to see why they are better or worse than yours. You will find all the flaws in the product by testing, and also by doing online research (i.e. Amazon reviews). Don't be scared if it is sounding a bit more complicated than you originally thought it would be. It is still two hundred times easier to create a product today than it was 10 years ago. You don't need to build a factory to manufacture your products, you don't need to invent the product, you don't need to build prototypes and spend fortunes making mods. The beauty of this is that you can create products overnight, without doing any of the steps I just mentioned. Just find something that is already working and has proven demand, change it to make it better, and distribute it through the biggest store in the world by paying only 15% of sales! Nowadays there are software tools that can automate most processes and reduce even further the time it takes to test demand, and source the products. From testing to sourcing, shipping from China to the US, and having it in the FBA warehouse ready to sell, things can happen as quickly as 7 days! By the way, it is important to remember that the 7 days mentioned above is possible, but not recommended when starting out. The most important step in creating a private label product is actually knowing what product to create in the first place, as some products may just sit in the warehouse for months or years if the demand is not there or the competition is too big. Pick the right product with the highest demand and in some cases, the product will just sell itself. But if you pick a product because it is something you love or are passionate about, it may never fly because others may not share your passion for that product. I could talk about this all day, but if you need to know more, feel free to contact TED and ask to hear me on a TED Talk. Quin