Yik Chan – YNC Academy – Product Research Webinar

Yik Chan - YNC Academy - Product Research Webinar (1.3 GB)

Last Updated Date: 03-18-2024

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In the fast-paced world of e-commerce, finding the next hot product can be a game-changer for your business. Whether you are just starting out or looking to expand your product line, having a solid strategy for product research is essential. That’s where Yik Chan and YNC Academy come in.

Yik Chan, the founder of YNC Academy, is a renowned e-commerce expert known for his success in finding high-potential products that lead to massive success on platforms like Amazon and Shopify. With years of experience under his belt, Yik Chan has developed a proven system for identifying winning products that are primed for success in the market.

Recently, YNC Academy hosted a 2-hour webinar titled “Seeing Me Picking High Potential Products,” where Yik Chan shared his insights and strategies for product research. In this article, we will delve into the key takeaways from the webinar and explore the three key factors that Yik Chan considers when picking a winning product.

During the webinar, Yik Chan stressed the importance of thorough research when it comes to selecting products to sell. He emphasized that not all products are created equal, and choosing the wrong product can lead to wasted time and money.

One of the first key factors that Yik Chan highlighted in his product research strategy is market demand. Before deciding on a product to sell, it is crucial to understand the needs and preferences of your target audience. By identifying products that are in high demand but have low competition, you can tap into a lucrative market that is ripe for success.

Yik Chan also emphasized the importance of keeping an eye on trends and staying ahead of the curve. By monitoring social media, online forums, and industry publications, you can identify emerging trends and capitalize on them before they hit the mainstream. This proactive approach to product research can give you a competitive edge and position your business for success.

Another key factor that Yik Chan considers when picking a winning product is profit potential. While it is important to choose products that are in high demand, it is equally important to select products that offer a healthy profit margin. By calculating the cost of production, shipping, and other expenses, you can ensure that the products you choose will be profitable and sustainable in the long run.

In addition to identifying high-potential products, Yik Chan also discussed the importance of knowing what products to avoid. During the webinar, he outlined several red flags that may indicate a product is not worth pursuing. These include products with high competition, low profit margins, or legal and regulatory hurdles. By avoiding these potential pitfalls, you can save yourself time and resources and focus on products that have a higher likelihood of success.

Overall, the “Seeing Me Picking High Potential Products” webinar offered valuable insights and practical strategies for product research. Whether you are a beginner in the world of e-commerce or a seasoned entrepreneur looking to expand your product line, the tips and tricks shared by Yik Chan are sure to help you make informed decisions and fuel your success.

If you missed the live webinar, do not worry. YNC Academy is offering a replay of the training so you can catch up on all the valuable information shared. By watching the replay, you can gain access to Yik Chan’s expert guidance and learn how to apply his proven system for product research to your own business.

In conclusion, product research is a crucial step in building a successful e-commerce business. By understanding market demand, profit potential, and what products to avoid, you can increase your chances of finding high-potential products that will drive your business forward. With the valuable insights shared in the “Seeing Me Picking High Potential Products” webinar, Yik Chan and YNC Academy are empowering entrepreneurs to make informed decisions and achieve success in the competitive world of e-commerce.

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