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Should I create my own product even though case studies were low in profit?

by alxtatik
13 replies
Hi guys,

I really want to create my first product, but I'm hesitant because the profits that I made using the techniques were not very high.

I've read a lot of ebooks from successful marketers saying not to wait for things to be perfect before launching something of your own.

So, should I go ahead with product creation or wait?
#case #create #low #product #profit #studies
  • Profile picture of the author Tom Addams
    Wait.

    There are more than enough weak products in the marketplace. If you can't produce a killer product, then hold off until you can.

    Tom
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    • Profile picture of the author alxtatik
      Originally Posted by Get Rich Methods View Post

      Wait.

      There are more than enough weak products in the marketplace. If you can't produce a killer product, then hold off until you can.

      Tom
      Yeah, I definitely do not want to add to the garbage that's already out there.

      Thanks for that Tom
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  • Profile picture of the author thisisjack
    I don't think "not to wait for things to be perfect" regards the profitability of a product. However, there will be no harm in producing the product, especially if there is a potential profit to be had by doing so. For that reason, you should create your own product, but trust your figures rather than your eagerness.
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    • Profile picture of the author alxtatik
      Originally Posted by thisisjack View Post

      I don't think "not to wait for things to be perfect" regards the profitability of a product. However, there will be no harm in producing the product, especially if there is a potential profit to be had by doing so. For that reason, you should create your own product, but trust your figures rather than your eagerness.

      There is a lot of potential for profit. I will definitely trust the figures more and will not let my eagerness ruin a potentially great product. .

      Thanks so much for the advice.
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  • Profile picture of the author BernardR
    I say have a go.

    Ideally you would want to create a 'KILLER' product as someone has suggested but even a product for beginners can sell.

    The important points are that creating your first product will give you a lot of experience, grow your marketing knowledge and confidence.

    Very few people can say that their first product was an industry best seller. Waiting for perfection is the same as not taking action ... go for it!

    BernardR
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    • Profile picture of the author alxtatik
      Originally Posted by BernardR View Post

      I say have a go.

      Ideally you would want to create a 'KILLER' product as someone has suggested but even a product for beginners can sell.

      The important points are that creating your first product will give you a lot of experience, grow your marketing knowledge and confidence.

      Very few people can say that their first product was an industry best seller. Waiting for perfection is the same as not taking action ... go for it!

      BernardR
      That's exactly what I was thinking!

      Thanks Bernard!
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      • Profile picture of the author Steve B
        I guess I'm a little different than other people. As a consumer, I want the product to be the best that it can be when I make a purchase.

        I don't want the creator's "good enough for the time being" half baked effort.

        Put yourself in your customer's shoes. Are you looking for a low profit product that could be much better if released a few months down the road instead of right now?

        There is so much "noise" and clutter these days with products that are useless or, at best, just mediocre.

        If you want to have a product that you can be proud of, that will make good sales today as well as lead to repeat sales of other products in the near future, you've got to step up and offer great value for the money in everything you do.

        I'm not saying you have to offer perfection. But if you know that your product is lacking or doesn't work how you want it to, I believe you should get your act together before you release it to the public. First impressions are important. If a customer feels that you let him down or didn't offer him your best, you're not going to get a second chance.

        Steve
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        • Profile picture of the author 658
          If it is a case study then you should go for it. As long as you are truthful with your results and methods, it is okay to go out there and experiment. People learn from both successes and failures of others.

          However, before putting your product up for sale you should ask yourself this question:

          "If I were a customer would I be happy to part with my hard earned money for this product at this price?"
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        • Profile picture of the author alxtatik
          Originally Posted by Steve B View Post

          I guess I'm a little different than other people. As a consumer, I want the product to be the best that it can be when I make a purchase.

          I don't want the creator's "good enough for the time being" half baked effort.

          Put yourself in your customer's shoes. Are you looking for a low profit product that could be much better if released a few months down the road instead of right now?

          There is so much "noise" and clutter these days with products that are useless or, at best, just mediocre.

          If you want to have a product that you can be proud of, that will make good sales today as well as lead to repeat sales of other products in the near future, you've got to step up and offer great value for the money in everything you do.

          I'm not saying you have to offer perfection. But if you know that your product is lacking or doesn't work how you want it to, I believe you should get your act together before you release it to the public. First impressions are important. If a customer feels that you let him down or didn't offer him your best, you're not going to get a second chance.

          Steve
          You're absolutely right. First impressions mean a lot and the last thing I want my product to do is leave a bad taste in the customer's mouths.

          Thanks Steve.
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  • Profile picture of the author Tyler Pratt
    Your first product is going to SUCK no matter how much time and effort you put in. When you get started you have no experience.

    Your second product will not suck as bad as the first, but your getting better.

    By the 4 product you will have something killer.

    But you will never get to the 4th without getting your first off the ground.
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    • Profile picture of the author alxtatik
      Originally Posted by Tyler Pratt View Post

      Your first product is going to SUCK no matter how much time and effort you put in. When you get started you have no experience.

      Your second product will not suck as bad as the first, but your getting better.

      By the 4 product you will have something killer.

      But you will never get to the 4th without getting your first off the ground.
      Thanks for shedding some light on what to expect.

      I will definitely give it a go!

      Thanks Tyler!
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  • Profile picture of the author teeowl
    If the profits were weak, then you would not get the word of mouth benefits from your buyers and some of your buyers would NEVER buy from you again because of that! However you can still give it a go and see how you can improve later on.
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  • Profile picture of the author discrat
    Originally Posted by alxtatik View Post

    Hi guys,

    I really want to create my first product, but I'm hesitant because the profits that I made using the techniques were not very high.

    I've read a lot of ebooks from successful marketers saying not to wait for things to be perfect before launching something of your own.

    So, should I go ahead with product creation or wait?
    Yeah, you might hold off a little bit until you can create a Product around something of solid value.

    I would concentrate on some really worthy Affiliate Products that can help the people you are trying to help . Focusing on venues that will HELP these people should be your priority


    - Robert Andrew
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