Join Us To Accelerate Your Path To Product Sales and Success
PRODUCT DEVELOPMENT INCUBATOR
Imagine a stranger seeing YOUR product on a shelf in a store, picking it up, and buying it. ...Now, imagine that happening a thousand times, in a thousand stores.
Our Incubator provides a powerful growth environment, with step-by-step guidance, regular meetings, support, tools, a personalized roadmap, networking, 1:1 coaching, and access to professionals with years of expertise.
All focused on:
- Making your product the best it can be.
- Ensuring retailer sales and customer sell-through.
- Increasing market share across stores, online, print, and more.
- Growing your brand.
- Putting money in your bank.
We mentor you every step - from concept, through design, development, and manufacturing, all the way to seeing your products on RETAILER'S SHELVES.
A GAME CHANGER
"Steven gives a hands-on approach. From the beginning of the concept of the product, to getting it in the stores."
Kim & Lance - Shark Tank
What are YOUR needs?
Your product journey is unique. Whether you have an idea you want to bring to reality, a product line you want to scale, or simply need a push to accelerate your current business; the Incubator is designed to give you as little - or as much - support and knowledge as you need. It's built around YOUR goals.
You are just getting started. You have a whiteboard full of ideas and you need active mentoring to edit down your ideas, choose one, and personally guide you through every step; from POC and prototyping, to finding a factory and getting a good price. From logistics and shipping, to contacting retailers and bringing it to market.
Our Incubator is for YOU.
You have an established product, but you are struggling to get the supplier costs lower, or get quality better, or the logistics more dependable, or you simply want to get into stores. You watched videos or took a class, but simplified solutions do not solve the problem. You need someone who's 'been there and done that.'
Our Incubator is for YOU.
You are successfully selling products on Amazon, and you want to expand into physical retailers. You want to learn about retailers, get your supplier costs down, modify your packaging to be retail ready, understand inventory financing, and know the keys to landing retail sales. You are ready to take the next steps, you just need the right person at your side.
Our Incubator is for YOU.
We are here for YOU.
The Product Development Incubator is month-by-month, so it's made to fit YOUR situation. Whether you need short stay, or a partner for the full run as a member of our entrepreneurial family, the personalized support and guidance is all yours. Catered specifically for your needs and your journey.
"He is the best... There is nothing [else] like Steven's course. The One-on-One attention, the attention to detail... Nobody [else] will give that to you.
He doesn't bluff (like most gurus.) He tells you what it is. You will NOT be disappointed."
Zarghona G - USA
What should you expect?
- 1:1 business mentorship
- Experienced guidance and training
- Weekly meetings with a supportive ‘family’ of entrepreneurs
- Library of over 105 hours of videos from industry leaders
- Personal dedication to your success
We start with a conversation and an assessment, which are used to create a personalized Learning Map. This is sort of a hybrid roadmap/checklist with benchmarks that you’ll use to ensure we address what brought you to us in the first place. The Learning Map is organic. As you grow and move along your journey, or as you resolve issues or uncover new ones, you can modify the Learning Map, add topics, and even pivot your product.
The breadth and depth of information we cover is immense. Click in each of the areas below to expand the list.
Mechanical Design and Engineering
Naming and Business Structure
Resolving Factory and Quality Problems
Turning A Product into A Brand
Market Based Pricing
Validation Phase Gates
Types Of Manufacturing
Factories v. Trading Companies
Saving Money with DFM
OEM v. ODM Choices
Quality Control and Assurance
AQL In Depth
Protecting IP While Sourcing
Sourcing Agents – the Good and Bad
Chinese Business Culture
Primary and Secondary Factories
Mexico, India, And Other Countries
Child Labor, Forced Labor, Rural Factories
Testing And Certifications
Resources for Requirements
Mold Verification T0, T1, T2, T3
Truth about Golden Samples
How To Choose a Freight Forwarder
Advantages of a 14 Digit GTIN
GS1 for Retail and Shipping
Inner and Outer Packaging
Accurate Inventory Projections
3PL for Retail
SKUs v. Item Numbers
Challenges of Consumables
EXW or FOB
Dangers of DDP
Low-Cost USA Shipping
Business Structure and Agreements
Chinese Business Law Basics
IP Protection Options
Patent Ringfence Strategy
Addressing Poor Performance
PDQ and POS displays
Buying Cycles and Turns
Creating your Catalog
Learning Sales Skills
Launching your Product
Sales Channel strategy
Big Box v. Independent & Specialty Stores
FTC and Claims
Making Sales Easy
Understanding Your Avatar
Service Provider Contracts
C-Stores, Big Box, Independents, Specialty, and other stores
Scan + Go Strategies
Cash Flow Projections
Cash Flow Analysis
Billing and Payments
Tax Implications of B2B and B2C
Margins and Multipliers
Understanding M&A, PE, and Strategic Exits
Expanding current products from Amazon to in-store retailers includes many topics listed in the other tabs, including packaging, margins, making sales, and OTIF requirements.
Additional topics specific to expansion from Amazon include:
Understanding The Retail Business
Transactional Sales v. Ongoing Reorders
ASN not ASIN
Leveraging Amazon When Pitching To Retailers
Online Pricing v. In-Store Pricing
When To Expand to Retailers
Product v. Product Line v. Brand
Retailer Insurance Requirements
Shipping to Retailers
How To Stay in Retailers and What Gets You Kicked Out
Managing High Quantity Orders and Multiple Factories
Riding The Tiger
Predators and Scams
AI Opportunities and Failures
Geo-Political Issues and Impacts
Resilience & Creativity
Anxiety & Mental Health
Hiring Your Team
Managing Your Team
STEVEN IS SOMEBODY WHO KNOWS NOT JUST HOW TO GET INTO RETAIL, BUT HOW TO DEVELOP PRODUCTS.
"When you are really truly looking to stand out you have to be willing to take risks, and you have to be willing to look at things that have not yet already been developed. And that’s what Steven brings to the table."
Paul B.- USA
The foundation of FBA is marketing, not developing products.
The FBA formula is to find a product with good sales, minimal reviews, and vulnerabilities; copy it, and outsell the competition through better copywriting, better PPC, better ranking, deeper discounts, and so on. Success comes from better marketing. Not better product development.
Some gurus even claim that the product doesn't matter at all. Extreme gurus say profits don't matter either! They tell FBA sellers its okay to lose money on their first product because they are 'learning the system' - which means they are learning how to out-market other people selling the same thing.
Recently I was shocked to hear gurus tell sellers it's okay to lose money for two or three years, and wait until they exit to an Amazon aggregator, in order to make a profit. That's not the approach we take.
In Product Development Academy, we teach that products must be PROFITABLE from the start, must have customer demand, must be sold through as many sales channels as possible. After all, we want you to make money.
Doesn't Amazon have 80% of the retail market?
No. Not even close. As the New York Times clearly points out, Amazon is responsible for only $5 out of every $100 that people spend buying things. The Department of Commerce, and Amazon's own Annual Reports, confirm the same percentage.
That means Amazon is a very small piece of the pie. No matter how tasty that slice is, you are missing out on all the rest. (And when you sell through Retailers you aren't inundated with hijackers, counterfeiters, and shady sellers using black hat tricks.)
If you want to sell large quantities, you must think about the entire pie. That's why we build products and brands that can sell across all sales channels - online and in-store.
Do I have to stop selling on Amazon?
Of course not! You can, and should, continue on Amazon. One person may buy your product in a store, and their neighbor may buy it online. You want to be EVERYWHERE customers shop.
However, you should change your mindset from selling only online, to selling in stores as well. Change from competitive marketing, to developing compelling products. In the manufacturing industry you are changing from ODM to OEM. It’s a natural growth and we are here to help you.
By the way, most people who expand to retailers find that their business eventually grows so much, that Amazon accounts for only 10-20% of their total sales. I promise that having Amazon own a smaller percentage of your revenue streams will make surprise suspensions and black hat competitors a lot less painful to wake up to.
Why Join Product Development INCUBATOR?
Our Incubator program puts you on a solid track to build a comprehensive product based business.
This is not for side-gigs. This takes commitment and dedication from you and from us. This is a high-touch program, to help and guide you as you create a solid, sustainable, company - with recurring revenue and real profits.
The price is $1,180 /month
(cancel any time)
► You get personalized solutions and business coaching.
► You get 1:1 meetings whenever you need them, plus group meetings weekly. (Actually two meetings - one is New York time, the other is Sydney time.)
► You get a family of fellow entrepreneurs who support and encourage you. The atmosphere that surrounds you is unlike any other.
► You get our private network that includes engineers, retail consultants, IP attorneys in US and China, quality experts, finance professionals, award wining retail package designers, shipping experts, and more.
► You get training and education.
► You get accountability.
► You get access to over 105 hours of videos and classes from industry leaders and insiders. People like former executives from Apple, mentors from Y-combinator, big box buyers, leaders in the field of retail, product engineers, award wining package designers, data scientists, M&A, finance experts, retail marketing experts, and other entrepreneurs, just like you, who sell online and in stores.
► Just as important as the guidance of what to do, you get the guidance of what not to do. Jim Rohn says every mistake avoided is ten thousand dollars in your pocket. We will help you avoid many, many, mistakes.
► You’ll learn all of this from people who have real experience.
Who is Steven Selikoff?
Steven Selikoff is a serial entrepreneur who started selling to retailers in 2001. He’s been sourcing from China since 2005. His products have been on every major morning TV show, he's a consultant to industry legends, his book is a textbook at a major US University (and being reviewed for more), his products have sold on Amazon 3P and 1P, in gift stores, catalogs and chains, in big box stores like Bed Bath & Beyond, AAFES, Belk, Francesca’s, and more. He's even had one of his products in the gift bag at the Oscars.
In addition to his own company, Steven Selikoff was Global Business Manager for Microsoft’s Worldwide Retail Sales & Marketing; managing a $7.35B division of retail products and sales.
He's an industry veteran with experience and success creating and selling products on both the entrepreneurial level, and the global enterprise level. There is no one else with his experience, his knowledge, his network, and his passion for helping people.
It’s well known that in China I negotiate with factories, live, in front of students, so they can learn. Interestingly, a similar thing happened a year ago while making sales.
I had a weekly group class scheduled at the same time I was selling products. I couldn’t do both, so I simply turned the computer around and everyone got to watch as I made a sales, including to a chain of stores from upstate New York.
I love doing this. I love seeing people’s products come to life. I love seeing their ideas become profit-making businesses. It’s the best thing ever!
When you join the Incubator Program, my knowledge and experience is yours. Our network, experts, videos, and classes are yours. And our family of fellow entrepreneurs become yours too. We are all waiting to welcome you on your journey. And we are all committed to your success.
STEVE'S YOUR MAN!
"I have saved so much money. Every mistake I didn't make was dollars in my pocket." .
Lou - Australia
SKILLS FOR A LIFETIME...
"He cares for us entrepreneurs and is going out of his way to help and give us the best support out there. I’ve learned from him the skills for a lifetime! He wants us to succeed."
Ana Marie D. - Canada
I WAS STUCK
"I am ready to launch in July. I am so excited. I do not have the words to express!
Thank you, Steven."
Malana Z. - USA
Do you want results like these?
All of these retailers, and more, have approached our students, alumni, and clients, or have sold (are selling) products from our students, alumni, and clients, or had negotiations with our students, alumni, and clients. Are you next?