My Buy Essay

Posts Tagged ‘information products’

They’re free! You only need a brain and a computer which if you’re reading this now, you meet the criteria. Time needs to be put in to do the required research and make sure that your information meets and exceeds the needs of your chosen market. When organized properly, your information becomes a positive cashflow asset. Robert Kiyosaki is a strong advocate of creating positive cashflow assets. Many people think of assets as those things that have value but a real asset puts money in your pocket on a daily basis. Examples of free content that became an asset is any musician that you know and love. The Righteous Brothers are a classic group that came up with a few chart-topping hits and assuming that they wrote the music themselves, created an asset that has continued to create revenue even decades later.

It’s fast and easy to create info products. This article took me about an hour to create and as part of a series of articles could be sold as a ebook or mini-course that created cashflow. You can have unlimited inventory and instant access for your customers. A eliable webhosting account will only cost you about $20 per month and your digital asset can be sitting on the server, downloaded repeatedly and you’ll never run out of inventory, it’s fantastic! Stop thinking about physical products, focus on digital.

The profits from an online website are instant and automatic. Each time a consumer buys, your account is credited. No hassles, no paperwork, all profit! As you may be aware of, an exra talented person may be worth $100 per hour and have a capacity to earn 2 hundred thousand dollars per year. What if they want to earn more, they are limited to their earning capacity. You are well aware of the need for leverage hence you’re reading this article. Online enterprises are one of the best forms of leverage. You can create a 24 hour money machine that never tires.

The types of info products you can create are ebooks or electronic books, where your information can be saved as a pdf or in a custom application.The next is an audio product where all you need is a decent microphone and earphones. Software can be downloaded for free or cheaply that will compress your audio into an appropriate format. The final type is video. Here again, there is free and cheap software available to make it happen. No special I.T. skills required.

Have a unique product with a unique selling proposition. You can surely think of at least 1 thing that differentiates your product from the rest in the market. The more content you create, the more money you can make from your website.

Hope you enjoyed this article. All the best with your online aspirations. Take action and make it happen.

There are three basic rights you should know about when it comes to resale rights marketing. These are resale rights, master resale rights and private label rights

Whenever you purchase a product with resale rights, you will only have the license to sell the said product to other people. When you purchase a product with master resale rights, you will have the license to sell the product to other people, and you will also have the option to sell the resale right for the same product as well. This means that the people to whom you sell the resale rights of the product whose master resale rights you own will consequently acquire the license to sell the said product to other people.

Confusing as this may sound, our focus for this article are private label rights which, of the three rights enumerated above, is undoubtedly the most empowering and the most profitable.

Private label rights are embodied in a license that comes with an information product you may be able to purchase. These rights would allow you to alter, modify, enhance and rearrange the contents of the said product to suit your own needs and wishes. What exactly does this mean?

With private label rights, you could divide the chapters of, say, an eBook, and sell them as a series of articles. The reverse is also true. If you purchased a set of articles with accompanying private label rights, you could compile them into one nifty and seemingly novel eBook or special report.

Better yet, you could add any information on the said information product, without having to seek the permission of the original author. You feel that one section is wanting in details? You could freely insert your own additions!

But the best part of information products with private label rights is that, in most cases, you could put your name as the author of the work, without having to pay royalties or ghostwriting charges to the original author.

There are many benefits to private label rights. Some are quite apparent. Others only manifest after a deeper scrutiny. Let’s take a look at some of them

Private label rights would allow you to come up with a variety of new products from the original source. Being empowered to alter the contents to suit your needs, you have the liberty to repackage them as novel offers for different markets.

Private label rights would allow you to improve on a work that you may have found lacking. Tired of purchasing products to sell, when such products do not meet your standards of quality and they are disappointingly unalterable? You won’t have to worry about such with private label rights. You have the freedom to change and improve on what is written as you see fit.

Private label rights are perfect for branding yourself and your business. You need to get the word out about your online venture. Purchasing a number of information products with private label rights and naming them as your own would impress upon the online world that you are an expert in your chosen field, and they would trust you more easily when the need arises to procure your services or avail of your products.

The purchaser is not the only person who stands to earn from private label rights, however. An information product creator can also consider this route if he wishes to make some fast money. The information product creator can offer the private label rights to his works at a substantially higher price, considering all the perks that are attached to it.

There has been an age old debate as to whether or not a creator should sell the private label rights for his products. Though there are many schools of thought on the matter, the following scenario seems to be the most beneficial for the information product creator: he should sell the private label rights for his products only when the same is nearing the end of its market life.

At this point, it is widely believed that the product has already been squeezed dry of its moneymaking potentials, and by allowing other people to alter it in creative ways, the said product might find new life in different markets.

Private label rights are excellent offerings in the world of Internet marketing. When you encounter a hot commodity that would give you the liberty to alter its essence and call it your own, it is very much worth your time to study the profitability of purchasing the same. Offers this good don’t come everyday.

When you first get involved with Internet Marketing you’ll discover there are unlimited opportunities for income. For example, there is the GoogleCash opportunity where you simply direct the traffic clicking on your ads to a merchant’s website and collect an affiliate commission. Or, you might choose to build a content-rich theme site over a period of many weeks and use it to earn Adsense income and to earn affiliate income. Or build dozens of “quick and dirty” Adsense sites in hours. Or you can build mini-sites for affiliate marketing. Or you can blog for money. You could profit from ebay in a variety of ways. You could write an information product, or choose to sell physical products. And this is only a partial list! Internet Marketing has something to suit (almost) everyone.

But the reality is that each opportunity probably calls for you to learn more than just one skill, and buy and learn more than just one software tool. For example if you choose to get involved with the Adsense opportunity you can end up using a keyword research tool to identify keywords to focus on, an HTML editing tool to build your site, graphics software to build the graphic header, the blog and ping technique with a junk blog to get indexed in a hurry, RSS to build-up the content on your site, perhaps a separate good quality blog to improve your rankings in the search engines, perhaps another software tool to build a site map, and so on. The different Internet Marketing opportunities have their own Tools of the Trade!

For each of these tools you need to research which one to use; buy it; learn how to use it; then to put into practice. Some individual tools, for example some of the sophisticated software to make automatic post to blocks have quite a steep learning curve, and it can genuinely take many hours simply to become familiar with the software, and many more to understand how to apply it correctly.

But if you’re human, and interested in making money (and why else would you be here?) it is all too easy to be tempted to explore other opportunities while you are still in the middle of making a previous opportunity work. In fact, you probably asked for it! Your research probably put you on the mailing lists of many Internet Marketing experts who send you news of the latest and greatest every day … and these folk are masters at turning-on your greed glands. From personal experience (me, my friends and my family) I suspect the majority of people who decide to dive into Internet Marketing but never succeed in making a serious penny simply get bogged down with partially implemented opportunities.

The solution is simple but unfortunately contrary to human nature (at least for many of us). It requires four steps:

Give yourself the luxury of exploring the opportunities … but with a specific time limit, during which you commit up-front to starting nothing and to buying nothing until that time limit is up. This research is NOT trivial. You are not just looking at the income potential of the different Internet Marketing opportunities … you need to look at the commitments in terms of initial time and ongoing time; whether income is fast or slowly builds up; whether there is out-of-pocket risk or just time-wasted risk; are you prepared to wander to the “dark side” a little (black hat SEO) or is your nature to stick to the straight and narrow; do you want to be dealing with individuals, or just nameless, faceless masses? Do you have a technical nature? Do you have access to someone who does if you need help?

Make the decision. Make it logically …. then test to see how your gut feels about it. When it feels right, commit. I mean, FULLY commit.

Pursue the chosen opportunity to completion, where “completion” means you fail beyond recovery, or you succeed in making a level of income that you considered to be a success for the technique. Learn what you need to; buy what you need to; then DO IT. And be prepared – this often means facing fears; fear of minor failure (starting a technical area where you are a novice), fear of rejection (asking others for links, knowing 90% will tell you “no” in the early days), and the big one … fear of project failure. Your mind can play odd games with you … if you move to another opportunity before you give this one your all, you’ve not really failed, have you? Whereas if you DO give it your all and it doesn’t work out … then you’d have to face your failure.

And while you are pursuing the opportunity discipline yourself not to pursue or even explore different Internet marketing opportunities. Unless you know you have superb discipline this means you do not read e-mail’s, newsletters, or sales pages from gurus promoting products that do not relate directly to your opportunity; and do not even read e-mail’s, newsletters, or sales pages promoting improved versions of products that are supposed to be improvements on those products you are already using in pursuit of your opportunity. Make what you have, work.

Even if, on completing one opportunity, you choose to go onto a second or even a third entirely different one, doing so in this focused manner means you will probably complete three entire opportunities to a satisfying level of success before you would have achieved even one to a partial level of success if you’d been attempting all three simultaneously. I’m serious; multi-tasking often means a factor of three or four times the elapsed duration to completion of any project. Internet Marketing is no exception.

Just as important, you will actually have mastered the individual skills involved in the opportunities you pursued to completion; this contrasts nicely to having only a fingertips grasp of a variety of different tools and techniques, as is the inevitable outcome if you fail to focus.

In Internet Marketing, this mastery has rewards; you can repeat your success more quickly. You can outsource tasks, from a position of complete proficiency (always a good position from which to outsource). And you can usually transfer some or all of the skills to another Internet Marketing opportunity in such a way as to make success in the new arena more certain, and more speedy. Not a bad combination!

There are almost unlimited opportunities in Internet Marketing, in terms of the different paths people can choose to take in search of the mighty dollar. But what many newcomers fail to consider up-front is that the different opportunities place very different demands on your time &ndash in ways that can have a significant impact on your lifestyle.

Some Internet Marketing opportunities are very close to being “set and forget.” The Underachiever strategy for marketing information products, promoted by Frank Kern and Ed Dale, is a case in point. Once an information product is written, the selling web site is up with all payment issues handled by a 3rd party, and pay-per-click ads are bringing traffic, there is relatively little to do. Similarly, anyone building quick-and-dirty web sites for Adsense income has a similar opportunity. In contrast to content-rich theme sites that may be lovingly nurtured and grown over weeks, months or even years, these sites can be created in hours (sometimes minutes!), “activated” as far as the search engines go within a few days after very little work, then effectively abandoned … to gain traffic momentum over the months with the free search engines.

But many other opportunities demand a serious commitment of time &ndash at least, unless you are prepared to outsource much of the work.

For example, while eBay does not have to be this way, many people selling on eBay end up in a situation where all the tasks involved in operating the business represent a commitment equivalent to a full-time job. What sounds easy on first glance can involve researching opportunities or products, finding sources or products, even making your own products (information products sold on CD’s, for example), taking or finding photographs, finding or writing product descriptions, putting the final ad together, placing the ads, answering bidders’ questions, packing, shipping, dealing with returns, dealing with payment problems, and so on. It’s still Internet Marketing, of course, and potentially very lucrative, but this can become hard work.

Other types of Internet Marketing opportunities demand you go back regularly to update websites to reflect changes in product or technology so that your sites are always current. This is a common problem with some affiliate marketing sites where there are many links to individual pages on merchants’ sites; while these might offer better conversion rates than links to the merchant’s home pages, these links need to be constantly checked and updated because merchants have a habit of changing products (or even just the specific web pages on which a product is offered).

Some opportunities call on you to respond quickly and consistently to questions from prospects and customers. These might be questions asked by people considering buying your product &ndash in which case you certainly don’t want to make them wait; or, questions by frustrated people having problems downloading a product they just bought from you. The longer the wait, the higher the frustration. Then there are issues of refunds, questions about billing, and many more situations (sometimes just plain dumb questions) that demand the personal touch – at least, until you are large enough or confident enough to hire others to handle the administrative side of the business.

One of the most effective Internet Marketing strategies is, of course, to maintain a list of people interested in your product or the topic in which you are a specialist. For many marketers, this list IS the holy grail; everything else is just a means to build it. That’s because a good list can be like gold; a captive audience of people who already know and trust you. But there’s no question, it can take a serious commitment of time and effort to maintain and service such a list effectively. Now, if all you do is e-mail to them occasionally with a half-dozen lines and an offer to buy some affiliate product from you, that’s one thing; sure, the commitment is minimal, but in return you can expect a high drop-out rate and poor conversions. But if you put together a valuable and interesting newsletter with good formatting, grammar, spelling and content, one designed to develop a solid and lasting relationship with the people on your list, you’re not talking about just a few minutes a week. If you want the most effective use of a list, this demands consistency of timing, too. So you not only have to commit time and brainpower, you have deadlines to meet, too.

One of the issues that had me kicking myself initially was my shotgun approach to building Adsense sites &ndash I built sites that had very little to do with each other. All the Internet marketing experts agreed that if all I was doing was slapping Adsense on those sites, and not collecting Opt-in e-mail addresses, then I was throwing away an income far larger than the one I was making. But there was simply no way I could afford to maintain and effectively service a list for every site if I was to do it justice in terms of establishing a value-based relationship with the people on the lists. Sure, I could have thrown something together, and I know some marketers do exactly that, but that’s not really my style. An anonymous site is one thing, but an e-mail from me, with my name on it, has to represent something of value.

Still on a personal level, I suppose I should also be happy that, for once, my daughter is actually listening to me! Now she’s into Internet Marketing and building her own sites, she is sticking to a common theme for a whole group of different sites. This means that a carefully written single newsletter can be applied to everybody on the List developed from ALL the sites in a group, because it’s relevant and valuable content to every site in the group. There are also valuable SEO advantages from having a group of sites ( a mini-net) on a common theme, of course; the extra traffic means more visitors, which means a bigger List, … without requiring any increase in time committed to the newsletter. When the Affiliate-based income from the List dwarfs the Adsense income, this Internet marketing strategy is the key to some serious coin.

The other day I was talking to a couple of my friends at a coffee shop and we were discussing the inability for average workers to get ahead. John had just received some money from a relative and had spent the day trying to get a good rate for his investment. He had only been offered 5.5% and wanted more.

He had $10,000 to invest and was happy with an interest rate of 5.75%. The best “at call” rate he had found after much research with financial institutions. He was after a safe investment during these uncertain times.

My other friend responded, “I wish I had the spare $10,000 to invest in the first place!”. He went on to say that how difficult he found it to save any money after paying his bills each week. (Something you hear all the time)

We got out the napkin and a pen and looked at the situation. He had put all his efforts into running around to get an extra 0.25% on his money!

So instead of getting $550 in interest on his ten grand for the next 12 months, he would now be receiving $575…. Big deal….

An extra $25 for the year! He probably spent that much driving around and in phone calls.

What a waste of time and energy if you think about it!

My other friend on the other hand would love to have an extra $10,000 to invest. However, his day job does not allow him to save enough to “get ahead”.

But…. He possesses a crucial ingredient that can earn the extra money he desires…. The ingredient is…. His “spare time”.

Without changing or giving up your “day job”, asking for a pay rise, or finding a second part time job….

The average PC literate person can earn a substantial extra income from home just by selling simple information products they create themselves based on what they “already know” and all in their spare time.

Marketing information…. Information people want, in the form of ebooks, ebooklets, special reports, audio tapes, video’s and CD-roms is still the best home based Internet business you can start.

It’s as true today as it was four years ago on the Internet.

People often ask me if it is really possible to earn decent money on the Internet if you only have a few spare hours in a day to devote to your online business. Surely the law of business prohibits you from “gaining a lot for very little”?

Here is the key that many people new to online business MISS….

You might only work 2 spare hours a day on your little Web business BUT your Web business (your website) WORKS FULL TIME 24 hours a day for you!… This is the reason why it does not take much of your time and yet can return far more than an hourly wage for the ACTUAL hours you put in.

Having a well-constructed website that sells for you 24 hours a day, 365 days a year on “autopilot” is like having an “electronic employee or salesman” working for you and presenting your product perfectly every time.

It’s a business that works unmanned… Like a shop that never closes.

But you know…. It’s not just the money you make, it’s about establishing something else….A “safety Net” in hard times….

A small insurance policy should the worst happen.

Nobody can retrench you from your own business. A business that can never go broke either…. You can even set up a free website and perform zero cost marketing promotions. Zero overheads. Maximum profits.

That’s how I started and you can do the same.

Even in hard times…. War, Anthrax scares, recession, have not effected my online business. Sales may not have increased, but they have not declined.

You may also think that you need “talent”, writing skills and a certain level of education to succeed in running an online information product business. Not so, the world is full of educated and talented failures. What you do need however is “persistence” and a dogged determination to succeed.

So if you don’t have spare money to invest, like my friend did, don’t worry, 12 months from now you will have much more than my other friend who has invested his money to earn a measly interest of $575!!

You could have the same $10,000 plus an ongoing income from investing your “spare time” instead.

So next time you put your feet up in your spare hours, consider investing some of those hours up online!