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How do you find your product/service?

by Mrnace
18 replies
Do you look at your own skills, talents and interests and use them as your product/service?

Or do you just find a niche/market that you can make a profit from regardless of your own talents, interests or skills?
#find #product or service
  • Profile picture of the author hometutor
    My own theory is do what you love, that way it's not as much work as if you were just doing things to make money.

    Rick
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  • Profile picture of the author Mrnace
    yeah, thats my opinion. but its doing something you love and then being able to make money from it. there is a big difference between a hobby and a business. I love watching horror films, but no one is gonna pay me to do it.
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  • Profile picture of the author zoomsixx
    That is the key to success in this field. Finding a demand and fulfilling that demand. You need to find something not saturated also. Think outside the box. That's such a cliche but its true.
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  • Profile picture of the author Big Money
    What if you started a blog on horror films and gathered information on the films into one location. With pictures and interesting facts on the cast. Like for example wasn't their some type of weirdness with the cast from Poltergeist? What about making horror films, writing horror films Then you could monetize the traffic you get....just an idea
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  • Profile picture of the author clever7
    Originally Posted by Mrnace View Post

    Do you look at your own skills, talents and interests and use them as your product/service?

    Or do you just find a niche/market that you can make a profit from regardless of your own talents, interests or skills?
    I use my knowledge to create my products, and also my skills and talents. Since I know my topic for years, of course it is part of my interests.

    I sell my products and a special service related to my products, what works well because those who buy my products usually also care about my service, and those who care about my service usually buy my products.

    I didn't make a marketing research and I had the intention to mainly sell my products, but I saw that the public prefers my fast solutions, so I got adapted to this necessity and I offer my fast service online, what is helping me sell my products.

    If you don't have specific knowledge about something you should promote affiliate products that are in demand, but try to find products about things you know and you like, otherwise you won't bear to keep writing articles and email messages about the same topic for years and years to promote your work.

    Look for good products that are old and are selling, don't begin with new products because you don't know for how long they will be online, and you don't want to waste your marketing efforts with products that will disappear in a while…
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  • Profile picture of the author Mrnace
    Even though I haven't done as much traveling as I'd like. I have come up with an idea for a travel social networking site, where people can upload pics and videos or their holidays, and they'll have a world map on their profile that they can update and show where they have been and want to go.

    There will be a forum where people can ask questions about traveling, meet new people and so on, an instant messanger and articles that give people advice on travel, whether its booking flights, hotels, or even places to avoid in certain countries, maybe even a blogging area too.

    How would you monetize that? I would have to do a lot of research on travel too, or get somebody who knows a lot about travel involved.
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  • Profile picture of the author twister85
    Product And services are two Different things.

    Product = To give something valuable.

    Service = To serve something useful.

    To provide a service depends on your intellectual skills and knowledge which you can use to help others in exchange of money.

    While on the other hand a Product is made to solve or ease people's problems in a market . Its made researching the need of the people and making it easy.

    Shivam
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  • Profile picture of the author eClicker
    I look at what I might enjoy. Then I expand on it.
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  • Profile picture of the author JonBird
    There is a fantastic book called The Irresistible Offer by Mark Joyner that is worth reading. In that book you'll learn about marketing to the "thirsty crowd." That means a group of people who need - not want, but NEED - your product.

    Combine the above with what you are interested in and you should have quite a few ideas for products.
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  • Profile picture of the author Diego Ayala
    It is not a simple process to be able to find a product to promote based on a particular passion that an individual has. As I have been doing lots of research and testing the waters on particular items/products to determine success for marketing to find it saturated and/or it is also provided for free via internet. That is were I am at right now... Trying to learn/find out what is it that people need that I can offer via a service/product based on my "passions". This forum is providing some additional information that I did not have before - just found it today, and looking forward to learning from others. Cheers!
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  • Profile picture of the author KimboJim
    Both approaches work fine, and they should both be used, but in my case it was all about looking at my skills. I loved writing, so it was a no-brainer to become a writer. That also tends to make all other IM things easy because everything involves writing at some point.

    Just wish I was better at design. Nothing I make with Photoshop ever looks good.
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  • Profile picture of the author Dlemon
    It's pretty straight forward...there is a certain process that you follow with each product. Rinse and repeat.

    It can be time costuming but If you have extra cash you can outsource all the labour work so to speak.
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  • Profile picture of the author negam
    i want to be in first group and think i am
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  • Profile picture of the author aarthielumalai
    I went with the profitable niches route before, and it didn't work out well for me. I started sites in finance, insurance and what not, and it was a disaster. I spent a ton of money on outsourcing content for those sites, but I had to make myself edit and post the content on my sites every day. I had absolutely no interest in them, and it was boring, to be honest.

    Now, I have sites in niches that I love, wanna learn more about, and I don't care if they don't have the same income potential as those finance niches. My work is interesting now, and I love it.

    So yeah, in my opinion, going for niches you have at least some interest in is the best way.
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    • Profile picture of the author myob
      Rather than chasing after niches, I have always searched within broad networks or groups of people such as within associations, professions and specific demographics of whom I know, understand, and can relate. This can span hundreds of highly profitable niches, and marketing to them is a matter of matching relevant products to an engaging funnel system.

      What I do is search for topics/subjects of high interest for my targeted demographics (age, profession, specialty, occupation, etc), then look for websites and publications providing suitable content. Generally, recurring ads found in special interest offline/online outlets and publications strongly indicate the type of products that are most likely to succeed. In researching new niche products of interest to my target demographics, I usually use several resources:


      Magazine newstands

      Trade/association newsletters

      Directoryofezines.com

      Writers' Market

      Magazines.com

      Dummies.com

      Amazon.com

      Google.com/trends


      For example, the largest and wealthiest demographic is "baby boomers"; they own more than 70% of financial assets in the U.S., and control nearly half of all discretionary spending (Over $4.6 trillion in the last 6 years alone). In addition, they have a HUGE interest in dozens of very lucrative niches and are the most stable and loyal customers you could ever find.
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