Wednesday, May 20, 2009

5Way to Make Money

1. Sell your own product.
It has been said that everyone is an expert on something. Think about the things you know well, and ask yourself whether someone would be interested in learning that. Alternatively, if you feel you are not an expert in anything that people would pay to learn about, then spend some time doing research. Once you have the information on hand, put it into an e-book, or better still put it on audio or video files. Create a sales page for it, and a page from which people can download the product, then promote it and wait for the sales.

Pros: You have complete control over everything - product, price, sales pitch, the lot. You also have a unique product that is being sold by you alone (and your affiliates, should you choose to develop an affiliate program.)

Cons: There can be a great deal of work involved, not only creating the product but in testing the sales copy and promoting the site.

Tip: You don't have to do everything yourself. Outsource wherever possible.

2. Sell someone else's product. For a relatively small amount, you can purchase a product with Resale Rights. This means that you can legally sell the product to other people. You still need to build a sales page and download page, and you still need to promote the site. The only difference from selling your own product is that you have not had to create it.

Pros: You do not have the work of researching and creating the product.

Cons: Potentially thousands of other internet marketers are selling the same product. However, this does not have to be as great a problem as it might seem at first. Think of it this way: if you were selling a physical book, would your bookshop be the only one selling that title? Of course not!

Tip: Often Resale Rights products come with a pre-made web site. Don't use it. It's ok for your product to be available in a zillion places on the web, but your salesletter should be yours and yours alone.

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