JLDC 0104: Filip Valica – Creating Your Own Physical Products

Need help creating physical products? In this interview, we get to speak with Filip Valica about his experiences creating his own unique products, and also how he know helps others to also be able to do the same.

This is especially helpful for you if you want to sell your own custom products on Amazon.

Topics discussed during this podcast include;

  • Why would you want to create your own product instead of buying something generic from a manufacturer?
  • Product creation ideas
  • How much time and money is needed in creating physical products?
  • And much more!

You can play this session of the podcast here:

Filip Valica - Creating Physical Products

Websites referenced during the podcast:

TheProductStartup.com

Here’s a timeline of the topics discussed during the podcast:

0:00 – Filip Valica short intro and bio
1:30 – Filip’s growing up and formative years
3:30 – Filip’s initial work experience and why he started his own business
5:30 – Who is ‘The Product Startup’ for?
7:15 – How do you take an idea and turn it into a prototype and product that sells?
9:00 – Is China the best place to outsource manufacture of your products?
10:50 – Why create your own product when there are a lot of manufacturers out there?
14:40 – How much time and money is required in creating physical products and launch your own product?
17:30 – Why electronic products can be expensive to prototype
18:45 – Which categories or niches should newbies stay away from?
20:00 – Where would you sell your product?
24:00 – Filip’s resources to help new startups
24:30 – Filip’s final thoughts

Here’s what I got out of this interview with Filip…

The first thing that this interview did was reinforce just how powerful the Amazon FBA opportunity is and that it is the best way for people to get started creating a new online business for themselves.

Whenever family and friends come to me asking, “what is the best way to make money online?”, for the past 18 months I have been telling them to start an Amazon FBA business.

The second thing I got out of this interview is that to be successful in business, you need to do things a little different than everyone else.

If you’re selling the ‘same’ stuff as your competition, you won’t stand out, and if you don’t stand out, you’ll have to divide the spoils equally with your competitors.

By creating physical products that are a little different, especially if they are in some way better than the competition, you’ll be a lot more profitable.

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