Muse setup

[Freedom!]

muse idea:

pick a muse idea this use the below:

How many people a month with overture:

With the number ()X this number 3.75 will give this many people a month over the internet for that niche:

Is 0.01 percent of the people who can go through my website:

Is 0.01 percent of the people who will buy from me a month

With (add the above number here) people buying from me

A $50 product will produce this much money this month:
$() a month in revenue

A $200 product will produce this much money this month:
$() a month in revenue

pick a product line then

Find wholesale that provide a full line of photo’s for said products and provide me with 45% off retail.

Make sure you are the solo provider

Mark it up 8% to 12%

then

muse testing:


then

muse website:

go to Yahoo! Merchant solution setup a account
cost:$ 64.97/1st 2 mos.1

Wholesale 45% off

then
muse automation

[Freedom!]

as you can see this is from the book in my case the audio book so im not sure if if have everthing lol

NOW:

this is where i'm at having problems with:

pick a product line then

Find wholesale that provide a full line of photo’s for said products and provide me with 45% off retail.

Make sure you are the solo provider

Mark it up 8% to 12%

End:

i was wondering if this is right

i pick say fish oil

so i look for wholesalers? that sell it at 45% off price right? then ask photo's of fish oil products and ask for 45% off price

so if fish oil is selling for $50 retail your cost is $6 at 12%

Stikey point:

how do you get only one group to build your or another product

End

i figure this will be the key point here seting up a website go to yahoo and have them set it up

[Martini]

I'm completely lost. I can't understand a word of what you were trying to say! Try again?

[MiniBlueDragon]

Hi Freedom!

I can follow what you're saying but I think there are a few issues with your plan...

1. The way to create a business is to find something people want and THEN create a product to fill that niche, not to find a niche that other people are filling and then join them...
If you were an ice-cream seller in an ice-cream van would you go to a beautiful park and wait in the carpark for walkers and families or would you park your ice-cream van in a carpark filled with 50 other ice-cream vans?

2. Where did your arbitrary number of 3.75 come from?

3. When you sign-up as a wholesaler, quite often you will be given access to a wholesaler section on a website for your manufacturer which will contain all relevant images, products, prices and mark-ups and also a percentage of the original price that you're not allowed to undercut by more than.

4. It's possible although unlikely that you'll be able to become the "sole" provider of a product unless the product is your own. If the product is your own I'd assume you will need enough expertise within that niche to be capable of creating a product that will sell.

You seem to be taken a very strange route to finding your niche my friend :(

[Marcie]

Actually I am very familiar with this part of the book, because I have been using it as sort of a pre-test for my muses. The number I have is 3.57, because Overature represents 28% of the total searches online, so in order to get a number reflecting all the internet searches, you multiply Overature's # by 3.57. I think Freedom is just trying to gauge his/her sales, which is smart :)

[darrin365]

Freedom,

A couple of other things to remember:
1. the discount rate will be off of the retail price. Frequently, you'll be offered between 30% - 45%. Obviously, the higher the better. In your example, a $50 product with a 45% discount would cost you $27.50 each. Discounts are sometimes contingent upon quantity purchased. If you buy 100, you get 35% discount, but if you buy 500 you get a 45% discount. Wholesalers will also frequently require a minimum purchase to order. Check on that.

2. I don't have my book in front of me, but I believe Tim said he looks for a markup that is a multiple of the cost, for instance, 8 - 12 times your cost. So a $50 item shouldn't cost you more than $6. (Remember, in the example you gave, your cost is $27.50 each.)

Good luck!