1 Flashcards

1
Q

1# Finding a winnning product

A

Provides value to the customer. The product should be a need not a want.

Would you use it yourself?
Does it have a good reviews on Amazon or AliExpress?

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2
Q

2# Finding a winning product

A

It has gone viral on social media recently.

Less than 30 days high potential

1 to 3 months medium potential

6 to 12 months low potential requires more creativity 

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3
Q

3 # Finding a winning products

A

Has a high perceived market value

You’re able to mark up the price 2-3X the original cost making you at least $20 profit per sale.

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4
Q

4# Finding a Winning product

A

Room for improvement in the competition.

Can you make a better website, video ad, product page?

Can you use a different marketing angle?

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5
Q

5# Finding a winning product

A

Focus on selling products that you know, and have knowledge of.

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6
Q

6# Finding a winning products

A

Products should have a wow factor to them. Boring products do not work well with ads.

New products will typically do the best

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7
Q

7# Finding a winning products

A

Find products with easy upsell potential. Products that pair well with other products that you can sell together. 

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8
Q

1# Going viral TikTok

A

Controversy. Adding a text or action that is questionable will engage your audience more. This will also push them to share or comment on the video.

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9
Q

2# Going viral TikTok

A

Eye-catching.
If your product is visually unique in any way, the way it looks or the way it performs this will cause engagement with your audience.
These products are good for beginners, and are easy to leverage.

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10
Q

3# Going viral TikTok

A

Wow Factor.
These products will solve a problem and will be of great value to the customer.

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11
Q

1# structuring TikTok video’s

A

Keep people on the edge of their seats. Use exciting, creative concepts. Never make a clip more than .5 to 4 seconds long. Your video has to be fast paced.

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12
Q

2# structuring TikTok video’s

A

Use a hook. The hook is the most important parts of the video, and usually occurs in the first seconds.

Your hook needs to be either Bold
Mis leading
Story telling

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13
Q

3# structuring TikTok video’s

A

Make TikTok videos, not ads.
Viewers are on TikTok to be entertained and nothing else.

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14
Q

4# structuring TikTok videos

A

Never put your CTA(call to action) in the main video. This will lower sales. Make sure you have a follow up video which states where they can buy the product.

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15
Q

5# structuring TikTok videos

A

You must make your videos, feel natural and not forced. The best way to do this is to make a story that is engaging.

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16
Q

How to find percent increase

A

% increase = Increase ÷ Original Number × 100.

17
Q

How to find percent decrease

A

Percent decrease = Divide decrease by original # then multiply by 100.