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create custom product entity

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how can I create a custom entity that functions similar to products?

I need to be able to include a list of potential products offered in an opportunity. I want to track 2 properties of a potential products: brand and product type. I also need to include an estimated $ amount for each potential product in that opportunity. 

If I make a custom entity, will each product I add to an opportunity have to be unique? Since sales people will enter the estimated $ amount associated to each opportunity. Is estimated $ amount a field property of the unique product or is there a way I can populate a field in opportunity that can be associated to my new product entity?


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