I make about $4000 per month from home and want to share info

by Fleki 31 replies
... but not for free!

So here is the question: how do I price the product/system that is not that complicated and new, but it could easily overflow the market with competition.

I don't want to create it and sell it and people go "well that's cool and works, but it's not worth a $1000". There are other programs that sell better information, but they won't generate competition.

My system can make a $1000 in a week. I'm not saying "bring in", but "make" a $1000 per week. There is work involved. It's entirely online. And it involves building a small network too (easy). I can provide the marketing material and tools too. There is no calling involved, but you will have to answer the phone here and there.

If only two people buy the product at $1000, that's fine, since that doesn't create any competition. Or I can price it for $99 and 20 people buy it and we may step on each other's toes. I can price it at $10, 200 people will buy it and we're screwed.

I'm not sure how to look at it.

Any ideas?


Fleki
#main internet marketing discussion forum #home #info #make #share
Avatar of Unregistered
  • Profile picture of the author fin
    If you make $1000 per week, why don't you just keep it a secret.

    Sure, you would make an extra $2000 selling it to 2 people, but then the money tree might stop producing notes.
    {{ DiscussionBoard.errors[5716373].message }}
    • Profile picture of the author Fleki
      That hint up there ("create a network") would produce even bigger results.

      That's mainly why.

      I'm actually already doing it on a local level, i just need another person in my position in a different city, and for that, I would want to get paid.

      I guess it's a catch 22. If you don't do it as a part of the network, it works just fine, but then you have competition. One per city would be enough...


      Fleki
      Signature

      Million Years In Four Minutes

      {{ DiscussionBoard.errors[5716384].message }}
      • Profile picture of the author Daniel Evans
        Originally Posted by Fleki View Post


        I'm actually already doing it on a local level, i just need another person in my position in a different city, and for that, I would want to get paid.

        I guess it's a catch 22. If you don't do it as a part of the network, it works just fine, but then you have competition. One per city would be enough...
        Surely there are more than enough cities in the world for you to sell more than 2 products without ever having to be overly concerned about saturation for either you or your customers?
        {{ DiscussionBoard.errors[5716480].message }}
    • Profile picture of the author adionline
      If you're making this type of money then why invite competition? Makes no sense unless you think this won't last at which point your product will just be ripping off a bunch of people.
      Signature
      Giving up is not an option.
      {{ DiscussionBoard.errors[5716388].message }}
      • Profile picture of the author Fleki
        If i could manage to keep the structure of the network, it would make us all a lot more money. That's the only reason why I would sell to a few. It would be a healthy competition level. Otherwise it would be cutthroat.
        Signature

        Million Years In Four Minutes

        {{ DiscussionBoard.errors[5716401].message }}
  • Profile picture of the author Chrisbroholm
    I think it sounds like a silly idea to release this information. I mean you got a great earner, which could be wasted completely if just one of your new clients decides to share the info with someone else, which makes the ball roll.

    If your strategy isnt generic enough to sustain (almost) unlimited competition, then I wouldnt release it.
    Signature

    Check out my blog GenuineOnlineMarketing.com where I talk about building Amazon and Adsense Niche Websites.

    Over 800 Amazon Reviews for $1 - No way?

    {{ DiscussionBoard.errors[5716419].message }}
  • Profile picture of the author pex7
    I'm also wondering about that. You said one per city would be enough, but also say that if 200 people knew about it, it would become saturated? Are you only talking about cities in your state?
    {{ DiscussionBoard.errors[5716515].message }}
    • Profile picture of the author Cataclysm1987
      Originally Posted by pex7 View Post

      I'm also wondering about that. You said one per city would be enough, but also say that if 200 people knew about it, it would become saturated? Are you only talking about cities in your state?
      I think you overestimate the action taking potential of the average human being...

      Out of 200 buyers, my bet is only 5 would take serious action.

      50 would take some action, but would give up halfway there once it gets tough.

      The rest would barely try and give up in the first 5 minutes, but are probably too lazy or distracted to ask for a refund.
      Signature

      No signature here today!

      {{ DiscussionBoard.errors[5728554].message }}
  • Profile picture of the author the goat
    If bringing people in is going to make you more money, why not find a few really good people in each city you want to expand to and bring them in as partners? If you are just selling a system you will get newbies, but if you engage experienced people with a partnership you will be developing a high quality network.

    Of course this is only if you really have a great system and aren't just baiting potential customers.
    Signature
    Affordable, authority level unique content for 2 cents a word
    {{ DiscussionBoard.errors[5716522].message }}
  • Profile picture of the author Terry M
    In my opinion I would try to find a few people who would be willing to go into a joint venture and utilize the program in their area. You could give them access to the system then take a cut of the profits. That would enable you to not worry about the saturation and still make money. PM me if you are interested in this.
    Signature
    Internet Marketers Zone - An Online Resource for Serious Internet Marketers If you are serious about internet marketing, get your free membership now!
    {{ DiscussionBoard.errors[5716687].message }}
  • Profile picture of the author Suze Thomas
    You might require anyone who you enroll in the program to sign a non-compete agreement with you - at least in your city. Also, if so few will dilute the system's effectiveness, why not charge a higher enrollment fee?
    {{ DiscussionBoard.errors[5716713].message }}
  • Buddy Dont invite competition.Ther are thousands of skilled and hungry internet marketers on warriorforum
    {{ DiscussionBoard.errors[5716762].message }}
  • Profile picture of the author YasirYar
    Once you let the genie out of the bottle, you'll inevitably get competition. Even if all you do is sell a handful of copies, the idea will leak out and eventually saturate the market.
    Signature

    >>>Get your websites ACTUALLY ranked by checking these out: Quantum SEO Labs, Home Page Link Building & SERP Ability. Want to get rid of negative listings? Check out Reputation Enhancer.

    {{ DiscussionBoard.errors[5716809].message }}
  • Profile picture of the author Tim3
    If it is guaranteed to make as much as you claim, then each package must be worth at least $25k apiece, sell 20 - retire :-)
    Signature

    {{ DiscussionBoard.errors[5717191].message }}
  • Profile picture of the author JaySG
    Like they said if you can guarantee your claim, think about return on investment and price it accordingly. If you really have a great product and you can teach a complete newbie how to make money at least you can charge $97 for a digital product. In the end is all about price testing and testing your copy to find the optimum price.
    {{ DiscussionBoard.errors[5717294].message }}
    • Profile picture of the author CyberSorcerer
      Originally Posted by JaySG View Post

      Like they said if you can guarantee your claim, think about return on investment and price it accordingly.
      Doesn't have to worry about that. The new FTC rules that go into effect in 3 days will force him to prove his claim. Along with a whole slew of other thing and paper work he'll have to produce.
      {{ DiscussionBoard.errors[5718567].message }}
  • Profile picture of the author wesker123
    Seems interesting. but..
    {{ DiscussionBoard.errors[5718018].message }}
  • Profile picture of the author Genycis
    I agree with the Captain Sparrow... don't let the cat out of the bag unless you're wanting the competition. Make as much as you can off of it now, and when you feel that things are sorta depleting a bit slowly but surely, then attack it with a product you can sell that can let others learn.. they may think or innovate new tactics that will then help them make it work for them, while their buying it from you worked for you since you got as much as you could out of it.
    Signature
    Genycis
    -- Absorbing & implementing. Need hip hop beats for your business needs? Hit me up!
    -- Posting my experiences and so forth with my own blog.
    {{ DiscussionBoard.errors[5718115].message }}
    • Profile picture of the author REHughes
      Just from reading the bits and pieces in your posts about networking and different cities, MAKE $1000 but not BRING HOME $1000, sounds just a little on the edge to me.

      Not saying it is, but my first thought when you talk about it leads my mind to some sort of PONZI scheme or something like that. Get in at the top and you make money, wait and you can't make a dime kinda things.

      Again, I'm not saying it is, but if this resembles anything like some sort of MLM pyramid, you better have it gone over really good by an attorney or you will find yourself in a lot of heat.

      Just a friendly thought! :confused:

      Robert
      {{ DiscussionBoard.errors[5718612].message }}
      • Profile picture of the author Fleki
        Showing proof - not a problem..

        Network has nothing to do with mlm pyramid, it has to do with affiliates/salespeople and I never implied that I spreads in a pyramid format. I don't think I did.

        Out of $1000 that comes in I keep about $930, no less than $900. Sometimes I bring in $200 and sometimes I get $1500.

        I'm not concerned about any of those things. I just wasn't sure if the money coming in from the product that i'd sell would be worth loosing my sales to the competition that I create.

        I guess I will stick with the affiliates/salespeople and maybe teach someone how to do it in exchange for a small percentage some day. Not any time soon. Non-competing agreement will be a must.

        Thank you all for sharing your thoughts.

        PS. I did run a global MLM business for a while and that's not a model i would ever follow again.
        Signature

        Million Years In Four Minutes

        {{ DiscussionBoard.errors[5724681].message }}
        • Profile picture of the author Kevin_Hutto
          Originally Posted by Fleki View Post

          Showing proof - not a problem..

          Network has nothing to do with mlm pyramid, it has to do with affiliates/salespeople and I never implied that I spreads in a pyramid format. I don't think I did.

          Out of $1000 that comes in I keep about $930, no less than $900. Sometimes I bring in $200 and sometimes I get $1500.

          I'm not concerned about any of those things. I just wasn't sure if the money coming in from the product that i'd sell would be worth loosing my sales to the competition that I create.

          I guess I will stick with the affiliates/salespeople and maybe teach someone how to do it in exchange for a small percentage some day. Not any time soon. Non-competing agreement will be a must.

          Thank you all for sharing your thoughts.

          PS. I did run a global MLM business for a while and that's not a model i would ever follow again.
          FYI, Non-competes are barely worth the paper they are printed on in most states.
          {{ DiscussionBoard.errors[5726093].message }}
        • Profile picture of the author melnat85
          Hey Flexi,
          I am willing to be one of those salespeople/affiliates and learning what you do to be a partner.
          Not sure why you are getting bashed. Many people post on this forum needing to make $100 a day and you are at least doubling that.
          Seems like a no brainer. As long as it is legit, honest and real.
          {{ DiscussionBoard.errors[5727910].message }}
  • Profile picture of the author BloggingPro
    Originally Posted by Fleki View Post

    ... but not for free!

    So here is the question: how do I price the product/system that is not that complicated and new, but it could easily overflow the market with competition.
    If that is the case then simply package this idea up and revisit it later.

    I'll put myself in your shoes. I'm making $4000 a month and just sharing my ideas could over-saturate the market? I wouldn't share it. Period.
    Signature
    You're going to fail. If you're afraid of failure then you do not belong in the Internet Marketing Business. Period.
    {{ DiscussionBoard.errors[5718598].message }}
  • Profile picture of the author vivi62
    Hi why not limit the amount to say 2 or 3 or issue licences in citys only one per city.
    Regards
    vivi62
    {{ DiscussionBoard.errors[5724714].message }}
  • Profile picture of the author goldmineberry
    Banned
    Congrats. It is awesome to see more people getting successful on Internet entrepreneurship.

    Keep it up!

    Promote and Prospers!
    goldmineberry
    {{ DiscussionBoard.errors[5726113].message }}
    • Profile picture of the author Fleki
      I have come across a guy in Australia and I will explain the system to him in hopes to develop it into a product, or maybe a formula that works.

      I'm in USA and he is in Australia so I don't see us being in competition with each other.

      Unfortunately, I don't have anything packaged into a product, so I will have to explain it to him step by step. I have no sales pitches or salespages prepared, no quickstart pdf's, nothing like that. I'll explain it to him just to see if it's worth having a partner. If it turns out not to be, then i'll keep bringing in what I'm bringing in, and someone in Australia will (hopefully) make some money too.



      Fleki
      Signature

      Million Years In Four Minutes

      {{ DiscussionBoard.errors[5727713].message }}
  • Profile picture of the author robie
    I smell multi level marketing here. Is it about multi level marketing ?
    Anyway, I totally agree with captainjacksparrow. Why you want to share it ?
    Genycis has a good post up there
    {{ DiscussionBoard.errors[5727744].message }}
  • Profile picture of the author RhondaG
    If you have a list, maybe just offer to your list and keep it small. I personally don't think there is much out there that is worth $1000, especially since it's not all new stuff according to what you said. Good luck
    {{ DiscussionBoard.errors[5728212].message }}
    • Profile picture of the author Fleki
      Originally Posted by RhondaG View Post

      If you have a list, maybe just offer to your list and keep it small. I personally don't think there is much out there that is worth $1000, especially since it's not all new stuff according to what you said. Good luck
      I do have a list, but they are not in IM niche and most of them don't even know how to check their email.
      Signature

      Million Years In Four Minutes

      {{ DiscussionBoard.errors[5728525].message }}
  • Profile picture of the author RhondaG
    Well, I don't know what kind of list you have, so I can't advise you on that, lol. It was just a suggestion. You will figure out what to do.
    {{ DiscussionBoard.errors[5728548].message }}
  • I would keep it to yourself if I were you.
    Why sell it?
    Be happy with your $1000 a week lol
    {{ DiscussionBoard.errors[5728634].message }}
Avatar of Unregistered

Trending Topics

  • 107 {{ upvoteCount | shortNum }}

    Warriors .... Warriors.... what would you like to LEARN?

    Good Morning awesome Warriors... I'm happy to announce that The Warrior Forum is planning to create our first COURSE. Yes... Powered by Warrior Wisdom... yeah!! Made at home. But before ... [read more]

  • 91 {{ upvoteCount | shortNum }}

    How I Sold 985 Copies of an Affiliate Offer in 5 Days (Step by Step)

    When I first started online in 2002, it took me a year to sell 985 copies of anything. These days, I can typically do it in the span of a ... [read more]

  • 4 {{ upvoteCount | shortNum }}

    Insanely high Avg $/sale, ridiculously low Gravity? (Clickbank Marketplace)

    sprogy in Internet Marketing

    I'm looking at the top Avg $/sale products in the Clickbank Marketplace: And my question is, why are products that (supposedly) bring in so much money per conversion...and surprisingly, some ... [read more]

  • 1 {{ upvoteCount | shortNum }}

    Anybody have Board Commandr/Similar?

    Hi I liked the look of Board Commander, but it's closed to new customers. Does anybody have it ad does it work, first off? Is there an alternative that does ... [read more]

  • 1 {{ upvoteCount | shortNum }}

    Generating Free Traffic - Two-Part Question

    Friends, like many of us I am seeking more, much more, free and organic traffic. Does anyone have experience with 1) Google RLSA Re-marketing List for Search Ads (is this ... [read more]