Would you sell a working method?

by 59 replies
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Hey All,

Quick question for anyone reading.

If you had a method/funnel that brings in thousands constantly and you are 80% sure it cannot be saturated. Would you sell it? Or coach others to do the same?

Would I be leaving myself exposed to saturation even if it was released as a higher priced product or service? Do working methods get spread quickly?

I had a WSO that spread like wildfire in blackhat forums. But it was only a small priced offer.

What are your thoughts?

Matty
#main internet marketing discussion forum #method #sell #working
  • I think it's hard to determine how something can get saturated, as there are many factors that determine something like that. But if your estimate is 80% i wouldn't have a problem with selling it if it can help other people make some money.
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    • Thanks Jens,

      It's always good to get other peoples opinion on things.

      Thats the only reason I would sell it as to help others get some more freedom in their life. The method is solid and working but I always just have this thought of it being spread and becoming common knowledge.

      Matty
  • Why not? You can help people and earn some money in the process. Unless the method is ridiculously easy you don't need to worry about saturation anyways since so many people never fully go through with methods (unfortunately ).
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    • This is exactly what I was thinking.

      If it is a method that requires 3 or more steps and requires a little initiative, at least 50% of the people who buy it will never take full advantage of it.

      I have methods that are very time-consuming, but which actually work, that I would give away for free, since most people would be put off by the amount of work involved. I no longer use those methods myself because there are much easier ways to make money.

      I have another method that is working right now, that I would not sell to anybody (unless they paid a minimum of $1,000 for it) because it is fairly easy to implement and could easily get saturated.
  • If I'm confident that it won't get saturated, then I would definitely consider teaching it to others. That's another income stream for me and it also helps build my reputation if the method is truly solid
  • Make all the money you can from that niche and then when the passion for the niche dies down and your traffic and income starts to ebb, then sell info on it. Others will be happy to come in after the fact and pick up the crumbs.
  • If it can help other people in any way with your product then you definitely teach it to others. I agree that many people won't actually go through the whole process. We also really can't stop those blackhat monkeys to do their thing. We all need to build a reputation and teaching proven methods will do great!
  • All the blackhat spammers never take action. They are worst victims of Shiny Object Syndrome.
  • Think about this - sell coaching to a small group of people and record your webinars/presentations and then sell them as a product...
    Or sell your product first and then try to upsell private coaching for a much higher price to people that got it!
    This way you can make money twice
    Good luck!
    Art
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    • Not a chance.

      Saturation or not, if your method is any good, you should be able to make more implementing it than teaching it.

      As for all the talk about "helping people", I just don't believe it. There are far better ways to help people than getting them to pay you to fill their heads with "get rich quick" fantasies. Even if your method is legit, many people here have already pointed out that most won't profit from it.

      If you want to help people, scale your method and become a philanthropist or use your method to build a social enterprise.
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  • Things will get shared around in the blackhat forums anyway. Think about it another way. Even it gets shared around for free, it gets shared. If you have valuable information than people will recognise
    you later on. Also what do you think how many people in the blackhat forums will really take action on this. Not that much.

    I would sell it because it will make you money led maybe to more business (coaching) and is building your credibility.
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    • Would I sell a working method?

      It depends. There are a few areas and methods that depend on staying under the radar, where too many people doing the exact same thing dilutes or negates the effectiveness of the method. For some, even too much awareness of the method is detrimental, even if the number actually practicing it is kept small.

      In that case, I would either keep it to myself or limit access in some way.

      If the method does not depend on staying under the radar, and would work in many markets, why not add both an income stream and some weight to your reputation?
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  • If the goal is to genuinely help people become financially independent through this method, I would sell it with the knowledge that is is probably going to spread quickly. Yes, there will be more competition from those using the method, but that's the point, right?

    If the "method" is honest and really works, then it is similar to other good business models. However, the way it is executed makes all the difference to whether people have success with it or not. So, you could offer an upsell to coach people that need more guidance.

    Go with your gut on this one.
  • Imagine you've created a sales funnel you've tested, tweaked and optimized for weeks which brings in a consistent 5 figures a month in almost pure profit. Would you sell that as a $7 WSO? Me neither.
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    • Yeah totally got you on this. Been working it for a fortnight and literally have to turn the campaign off as my consultation times fill up.

      Certainly would not be a 7 dollar product brother hahahaha. Would be a private coaching thing for sure.
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  • No I wouldn't sell it. And others don't either. Every product is missing a piece of the puzzle. They all teach a method and no niche. Or a niche and no method.

    It goes against standard business practices to give your secrets away.

    If you were the Dallas cowboys and you had figured out a way to beat the St. Louis Rams area you going to pass that info along to other NFL teams? Why would you?

    Just my .02
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    • I wouldn't. But I might consider it for a 7- or 8-figure product launch that sets me up for life and still lets me use the funnel until it dies.

      NFL teams do pass along that info every week. It's called "game film". And don't be fooled - if the Cowboys coach figured out that someone beating the Rams would benefit the Cowboys, you bet they'd pass the info along.
  • What nonsense. Thanks for letting us all know what we can expect from you.

    It's almost as ridiculous as "Money is just a by-product."

    Yes, but I would probably charge $8.

    Not true at all. I've purchased many complete products. What most products are "missing" is someone who can implement them.

    For the right price, you bet. I want the Rams to get beat.
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  • McDonald's and others seems to be doing alright selling all their secrets. Why didn't they just keep the secrets to themselves and open up the restaurants themselves instead of letting others do it?

    Mark
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  • MY very first online product was a method I discovered by accident
    how to get traffic and I struggled for a time with the same question.

    I finally decided to sell the method and was glad that I did because
    there was no chances of saturation and my name got out there
    as a product owner--a big deal in those early days for credibility.


    Those customers can become loyal and repeat customers.
    Sometimes an apple shared is an apple doubled.

    -Ray Edwards
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  • I have sold a working method and even some of the very top ROI ones. The only one I will not sell is if something is so narrow that a few more people doing it the same way will kill it and that is rare!
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  • do you really think someone will sell their lively hood for a $9
  • Dont share or else it will get saturated in a week. Why not make money by yourself if its working still?
  • My two cents...

    If I knew a method that required 20 hours a week of work for 2,000 dollars a month, but could make 4,000 dollars a month selling my own training of how to use that method and only work 10 hours a week, the answer to me is obvious.

    Look at Stefan Pylarinos. He makes 8,000 a month selling kindle books, and he makes 20,000+ a month selling how product teaching you how to do it. His method works (I used it for a few months) and he's making money both implementing AND SELLING. I do NOT agree that making more selling the product than how much the product method generates means it's a bad product. That's total nonsense... if anything it means the method is so great that it's selling like hotcakes.
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  • If you set it up right, sales of the product teaching the method could make you more than the actual implementation of the method.

    However, it really all depends on what you want.

    If you're used to flying under the radar and just making money, then think long and hard before you decide you want to deal with everything that comes with selling your own product(s).

    If you already sell products, this could be another stream of income for you.

    And as others have mentioned, probably 5-10% of your customers will actually see your method all the way through. Sad but true. Probably more like 1-2%
  • I would and do.

    First thing you've got to realize is that scary monster, "saturation" is a myth. There's always room in a market if you're doing things right. Take a look around you. Notice how many people come in here and claim they're suffering from shiny object syndrome. They buy everything that comes along and have absolutely no success with any of it.

    Surely not all of it is bad. But they jump from one horse to another looking for God only knows what. The thing is, there are really only a few business models. Everything is a variation of them. People are drawn into outdated models destined to fail by default or they don't have the savvy to follow through or they change their minds and run to something else and the list goes on and on.

    It's hard for any market to get saturated when such a tiny percentage of people with any legit plan can't or won't put it to use. Sad but true.
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  • Yes and you could help me do it too.Just let me know or anyone else.
    Thanks for your time.
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    • Just woke up to this thread getting a tonne of replies.

      Thanks all for your input!
  • If you are sure there would be no saturation, and you could continue to make you income grow with it , then sell it to others
  • I would keep it to my self and not worry about coaching others
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    • I think that is where it is heading.

      Thanks everyone for your input.

      Matty
  • yes do it,

    apart from your belief it cant be saturated , you can also be sure 90% of the people you sell the training or methodology to wont do a thing with it.
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    • Puddy, you and I both know the figure is closer to 99.87 percent!

      RoD
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    • Yes that is sad but true isn't it.

      I'd say it would be delivered in 1 on 1 training instead of selling hundreds of unites at 17 bucks haha.
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  • When it finds a way to overcome the future saturation, you can sell the method today with no matter because you're step ahead.
  • Forget about saturation, and quit looking for easy wins.

    I make a stack of cash with SEO, yet that market is about as "saturated" as it gets.

    Get yourself a mentor.
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    • Sorry, but...HUH???
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  • Basically this is what it comes down to - would you sell it when you no longer see results on your side or would you sell it while it is still working. Selling when you no longer see results is not really providing much value so might as well not sell it and if you are selling while it works then better be ready for competition.

    The thing is this though these small, quick methods are an opportunistic approach towards IM which I don't like much.

    I am all about long-term steady process that includes passion for what you are doing, combined with skills and long hours of work.

    Quick methods might be replicable but building a long-term, sustainable business no so.

    This might have not answered the question directly I know but just wanted to zoom out a little bit and give an overall perspective of what I think.

    Just my view on it.
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    • I agree with most of that. This method is a long term strategy for sure. I know I will be using this long term without a doubt.

      It's all about providing value for a passionate niche. Great combo.

      Thanks for your views.
  • no - that's why I don't do WSOs or sell in the IM niche anymore; my methods produce rockstar sales for me, so i don't want my competitors learning my techniques
  • I would, yes. In fact, I do.

    I sell working methods that work for me. Does it hurt my cash flow? Not at all. When a method becomes saturated, I simply remove it. There are an almost limitless amount of moneymaking methods and, indeed, many of them cannot be saturated; the best kind.
  • Another issue is time. Are you better off investing your time in the model that makes you money or adding another business?

    It also depends how much you're making. If you're making $100,000 per month, it's doubtful you'll reach that with a product. Splitting your time may be detrimental overall.

    However if you're making $10,000 per month, you could easily make that with a product. I suspect income claims of $10k for a product would sell nearly as well as income claims as $100k per month.

    Another issue to consider is diversifying your income. Jumping into the MMO niche is a way to diversify, but it takes time away from your current business.

    I agree with you that it's not an easy decision. There are loads of successful website owners who don't bother with the MMO niche because it's not worth their time.

    Finally, ask yourself, would you enjoy creating a product and entering the MMO niche?
  • Hi,
    I would say that its depend on you whether your comfortable selling it or not. The way I see it, try help first one person that you trust and close with and if that person a.k.a your student can get similar results, then your perfectly can sale it because you need prove it can be implemented to others also. I know maybe you disagree, I prefer this way because not only I selling proven method that can work but also helping people that just started making online business will be good role model for everyone. You can have a long terms business in this way. That my opinion only.
  • Why do you think it can't be saturated? With IM'ing i think methods can be ruined. You might show only 20 people but they will show 20+ and so on.

    Some things cannot be ruined/saturated I agree. But if this is 100% guaranteed (that'll be a first) then keep it and scale it.
  • Agreed. The short term stuff drives you mad. Unless it is to say make a quick $3 million+. Then it's worth it.

    But the loopholes to gain a few thousand $$'s over a few months is a waste of your time.

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    • 100% agree. But only if you are providing value.

      There are tonnes of launches that are less than great.
  • Well, it's hugely lucrative. But can be a pain in the **** as well. If you do, hire customer support and don't get involved with those headaches.

    It's not for me either.

  • I see this thread getting a little off-track. So...

    I'd like to address something: Fear.

    You have a working method. It earns you maybe 200 bucks a day. Not a great method, then, but hey - 200 bucks is 200 bucks. You get up one morning and stumble over to WF, sucking down your first coffee of the day, sucking on a cigarette, yawning profusely, and scanning the threads for anything interesting. Ah - here's one. A chap from Wallace, Idaho. He works 6 days a week in a job he hates and has written an impassioned plea for help.

    Question: Do you give him 200 bucks a day or do you keep quiet?

    Answer: You help the chap out.

    And here's why...

    Some methods will get saturated (it's one of the reasons why we have private forum access); some methods won't. Both are irrelevant, though. You help him because you're a decent human being and, if you can earn even $6,000 a month from one method, you're smart enough to have other methods, and even if you don't right now, you can figure other methods out. But wait - what if you DO give him the goods and it gets saturated and you're left high and dry and without a way to turn a buck. If that's the case - you're in the wrong business. As long as people have money, as long as they want to buy things, you can make money. There will always be ways to make a buck. But the newbie needs to learn that and the only way he will learn is by staying in the game long enough to do so. And he won't hang around if he can't - you guessed it - turn a buck.

    The only time I'm reluctant to reveal a system is when I either have that system all prepared for my members or when I'm in the process of doing so. I'm in contact with a lot of newbies and on the whole, just like people from all walks of life, they're nice people. Helping them out really is the right thing to do. Some of you really have no idea what a difference a little piece of information makes in a life. Sometimes, it's the difference between worrying about feeding your family and not only feeding them but giving them vacations and a nice home. Sometimes those few paragraphs you lay down on WF, or wherever, make a big difference.

    I'm sure a lot of people will disagree. That's fine. You'll be part of the majority if you do. But I hope some of you will be encouraged to be more altruistic. I speak to a lot of newbies, day in, day out, and even if you're willing to give them a push in the right direction, it can change lives.

    GRM

    P.S: Perhaps the only criticism I have of this forum is the difficulty that arises when you want to share working methods. I've tried it before and the threads are deleted. I consider myself pretty smart, but for the life of me I can only guess as to why this may be. What I do, instead, is try to give tips within already existing threads. Those tend to stick.
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    • At the risk of going even further off track, one reason you have trouble getting some threads to stick is that a lot of people try to use that tack as a disguised ad. The unfortunate side effect is that some legit threads get caught in the net.

      The mods don't have time to figure out who's offering real value and who's trying to put one over, so they land on the side of caution.

      And even if they could filter out the crap and leave the good stuff, the forum lawyer types would make their lives miserable with "why did you delete me and not him" questions. I think that's one reason so many prefer anonymity.
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  • A lot of us on here in the WSO section do so all the time.

    It's not like I'm worried about people doing it. First of all, we don't all target the same markets or the same products, so it really doesn't matter whether I share what I am making money from.

    Besides, being able to have others look at me as a professional who creates reliable products is great for being the leader in the field.

    A lot of people continue to try my WSOs because they know I give solid content that is worth their money and has worked for me.
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    • Do you think that hurts your brand a little thou? Does it pay to be an expert in one field or an expert in many?

      Just a thought, when I go to the gym I pay my trainer to help with my weight training. I certainly would not ask him to do my taxes, or concrete my drive way.
  • Hey Matty, SEnt you a message in regard to this, hope you were able to get it. Thanks,

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