If you have a formula to earn $5,001 every 24 hours are you going to sell for $7

Why wouldn't you?

If you could add $5,000 a month to your existing income, even if you already make $20,000 a month on other ventures that is still a 25% increase in income.

Who would say no to that????

Much of it is hype - no doubt. However, there are some who are willing to share, especially if saturation is not an issue.

NO you probably would not. Why would you want your method saturated?

My answer to this question will be yes,We should share our descovery to whole world.If its something that will effect my formula than I have to think for it else I would have shared or market it.

You don't have that formula so you really can't say what you would do with it.

Some people are motivated by more than just money. Or they want to go in a different direction. Or they have made enough money and don't need more. Or they want to pay it forward...to really help people who are where they started and wish someone would have sold them this system for $7. Or they are completely full of shit.

The $7 is very cheap.... so increase the price.

If you find a working formula, you can multiply the revenue for yourself, don't sell the formula. It is up to you.

Hi All, here what i think about this:

1. To make more money, who here wants to make more money?
2. to help people that is struggling and this seems to be a great reason!
3. they know how to make that money but prefer to teach the method while their staff make money for him using the same method...
4. to one on one coaching...

Yes and No.

It depends on saturation levels.

This is How I Operate

When I have a high-paying method, with the potential to earn over 3-figures and above daily, the decision about selling that method is dependent on 2 factors:

- What are the saturation levels, if any?
- How long before saturation levels are reached, if ever?

I'll give you an example.

I'm quite happy to sell my blueprint for video marketing because, despite the income it generates, I'm not selling a system that can be saturated. It would be like me selling a blueprint for making money in the retail sector; saturation is a non-issue.

Why Do You Sell?

If a method can earn me $500 a day and it cannot be saturated, then why not sell it? Every dollar I earn from selling the method is a dollar I wouldn't have by keeping quiet.

A BIG However

In my experience, the majority of WSOs, eBooks, and coaches, do not deliver the goods. Being in the information business, as I am, it's a requisite part of the job to know as much information as I can. I actually have a team who's sole job is to find information and pass on the best of it to me for testing and, eventually, either my personal use or adding to my site. Very rarely do I find methods that live up to the hype, which is why I always get excited when I come across something great; because it rarely happens.

GRM

Granted, that many of these offers are just that: offers. It's up the individual to decide what's crap and what isn't. But that's not the point you were making, you were talking about not wanting to share a formula that works. I don't buy that line of thinking at all.

People give away formulas that work all the time, some for free, some for $7 and some for $47 and some for $997 and more.

I have a formula that set me free from my j.o.b. many, many years ago and it goes something like this (it's one of many formulas, but this one got me started):

1. Find a hungry market, niche down and survey the niche to see what their most pressing issues are.

2. Study the competition: in depth.

3. Create a product or service or market someone else's or use a hybrid model by doing both, making sure you're doing at least one or two things better than the competition.

4. Have a lead product, a loss leader, something that will get people through the door or the virtual door.

5. Built a database of contacts (a.k.a. "a list"), whether it be e-mails, names, phone #s, mailing addresses for your post card or direct mail campaign, etc.

6. Bring value, constantly.

7. Market to your database forever.

8. Yes, read #7, market to them forever as long as you bring value to the table.

9. Test, test, test to find out what's working so you can eliminate stuff that isn't working and strive to beat your control group so you can increase your conversions.

It took me about 18 months to really figure out the formula I just shared and probably another 12-24 months to really refine it to the point where I could apply it to nearly any niche and succeed in it.

See? It's not that difficult to share a formula that works.

The whole scarcity-thinking that one would never sell their formula to the public doesn't make any sense to me. If it's not something like the Coca Cola formula or KFC's secret recipe, then it doesn't make any sense (even so people will make knock offs, think of Pepsi and El Pollo Loco).

It also boils down to opportunity cost as well.

Take a look at the forex and stock markets. Someone comes out with a new trading system at least once a week. Some of them are crap, but some of them really do work if implemented correctly.

You're also leaving out the obvious: there are some really cool entrepreneurs who literally get off in helping people. I'm in one such group right now where the person who leads this group gets a ton of joy of helping other entrepreneurs.

Don't let scarcity-thinking ruin your day.

RoD

There are many million dollar marketers who do this exact thing.

Mat Bacak, Alex Jeffreys, and Shawn Casey are a few who come to Mind.

These guys make millions with their Systems and do actually sell a lot of their stuff for $8 and $9.

Of course, many times when you buy these Introductory Products there are some more expensive Upsells.

And they have One on One Coaching as well that runs into the thousands !

But these initial products themselves ( at least from these particular guys) are really of high Value.

The amount of Volume that they Pull with these $8 Products are amazing.

It would be stupid for them NOT to capitalize off this.




- Robert Andrew

if your formula is really good, why you sell in cheap price..
if you think with your formula people can copy your methods and earning, good way if you do one by one for high price offer...

Here's a possible reason, the person is looking to build their reputation in order to create an additional income stream for their business. The person then creates high ticket offers to people who he/she has built a relationship with.

If you're the type of person to keep information to yourself, good for you, but others see a bigger picture with the growth potential for themselves and their online business.

Market saturation is an overused term that is RARELY ever a real world issue. I assume those who do overuse the term do not really understand what it means.

These guys aren't giving you the whole formula for $7.. they're selling you an in-depth overview of how all the pieces work together, and then they're upselling you on a step-by-step training that breaks down each piece of the formula. This $7 product is their tripwire product.

That's what's called a lead magnet.

However, I see your point, and received the same spam email earlier. Me, personally... If I had a way to make 5K/day on auto pilot like the email suggests, then you can bet I wouldn't be giving that away. That equals out to 1.8 million a year... if anyone thinks they're going to make 1.8 million a year on auto pilot by buying a $7 WSO then you have a lot to learn.

I probably would. First of all, any formula that can bring in $5,000 every 24 hours is probably not going to be very easy to do. On paper the formula might sound simple, but I bet the process of actually making it happen will be a lot more difficult or tedious than it sounds.

Imagine how responsive your buyers list would be after selling a product that helped them make $5,000 in 24 hours. They would probably buy everything else you have to sell in the future without even reading the sales copy.

I wouldn't care if the formula becomes saturated after awhile. There will always be a new formula or way of doing things.

- Assuming it is something that can be leveraged.

- You are also assuming there is some harm in sharing. If you know how to make $5000, put it in a report and then sell it and make another $5000, you're up $10k.

What's the problem?

The initial $5k may take a lot of work, and even more work to keep repeating. The report you only have to write once and then you have an asset which can be sold forever.

- Hiring more staff. Also known as adding to your red tape, expenses, and potential headaches, lawsuits, etc.

I'm not sure why this has to be a zero sum game.

I frankly have no idea where the criticism of teachers comes from. If someone has something of value to offer there is immediate resistance with this mantra: why share it? Why not be a greedy sob and hoard it?

Followed to its logical conclusion: that means you will only buy reports that are worthless, from people not knowing what they are talking about. What's the point in that?

The ironic part of this is, especially on the Internet, there is a lot of transparency, websites can be reviewed, systems dissected. What if Apple had said, gee, ya know iTunes is going to be publicly available and everyone in the world can see it and try to copy it. So forget it. We'll just bag it. And the iPhone. And the iPad. Maybe the Internet should just shut down as a waste of time because people making money from their websites can easily be copied by others. What is Amazon thinking in warehousing products and publicly offering them online?

And then it gets really ironic when we check the sig ... Soo, either your offer doesn't work, or maybe you should be hoarding it and only using it in-house?

.

i recently read an article about a guy who was living with his unemployed father in canada with barely any money to buy food, and all he dreamed about was to be on forbes list... now 20 years later he is very successfull guy with billions on his accounts. What he said was something like: i thought being rich will make me happy, but when i actually got rich i realised that i wasnt happy as i thought i will be. That is why he started helping other people get rich too...so as a conclusion if i had formula youre talking about i would sell it for7$ cause after all money doesn't buy happiness. Helping other people would give you satisfaction money cant give.

First off, I've never bought a WSO, so I have no idea at all if they are selling "smoke and mirrors" or if they are genuine products. I would assume that as with most things, some are definitely worth the money and some are a complete waste of time where people are selling the "learn how I make money" products, when they actually just make money selling the "learn how I make money" products.

Here's what I don't understand in your thinking - you seem to be assuming that all WSO's and all "cheap" products don't deliver, because no-one would be crazy enough to divulge/share their methods for succeeding on-line for such a low price. So either they are selling "smoke and mirrors", or are idiots for selling their methods/formulas for such a low price. Yet you've come to this forum, where people give away their knowledge for free (and spend a lot of time on here doing it), and theirs is the advice that you value.

Do you see where your logic doesn't add up?!?!?!

Some people simply like to help others and they also want to make a little money, so they sell their knowledge at a low/affordable price. Some people like to come here and share their knowledge for free and other people make money scamming others by selling "smoke and mirrors". Ultimately, it's your choice whether you spend $7 to find out if it's value for money or not. In the mean-time, you can come here and learn a huge amount from successful people for free, it just may take you hours/days/weeks to find the information that can help you, because you didn't want to spend $7 and have that information delivered to you in a quicker and easier manner

As you said, you will not sell it. Some others will sell it.

It really depends on how easily it can get saturated.

For example I am using some youtube methods that bring me lots of money, but it's not easily to get saturated, so why not help some people make money and in exchange I can make more money too?

It's a win-win situation.

There are always lies, I cannot agree to this, but there are some "goldies" out there that work.

Nothing wrong with selling $7 or not selling the formula. Just do it with good ways.

This thread is a perfect example of the lack of basic marketing knowledge by the majority of "alleged" marketers.

Marketing 101: The Loss Leader

More importantly; most people will never do anything with the information so "saturation" is not an issue.

About 10 years ago I bought a "no money down" course from one of the big real estate gurus. About a week later his assistant called to see how I was doing with the course. He told me 95% of people looked at the course, put it in a drawer and forgot about it.

They were claiming something like $100K the first year and I believe it was possible, just not for me. The course was selling for about $90.