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To sell or not to sell your knowledge

by allegandro
21 replies
To sell or not to sell your knowledge.

I'm sure many of you have your own trick on your sleeves to make money online. Some make 5$ a day others 10K$ a month. And at a certain moment you might think: "Let me make some more profit, let's sell my knowledge to others". Well, this can be very profitable, but it can also back fire you.

Question: Should you never sell knowledge?

The first thing you have to ask yourself, what happens to your current earnings when I share all with others?

• If it very niche specific and you're in it, DON'T sell it
• If it is in a very large niche, and you can make more money selling your information as earning within that niche, DO sell it.

Example: You make 2.000$ a month in your niche. This because you are almost alone there and others have no idea how to get access to that money. Well if you start sharing your way of getting access to it, you shoot yourself in the knee.

Why?: You sell your idea for 20$ and a 100 people will buy it from you in the first month. You might think that you did well. Because in the first month you made 2K extra, on top of your normal earnings.
But then it happens in within the next months you will see more and more competitors coming up, until the moment you will make almost nothing anymore. And that is not all, because the people who bought it also don't make money as promised, you will have to refund them money.
Within 3 months you will make much less as the 2.000$ a month.

Conclusion: Sell only the knowledge that is more valuable as a knowledge product than as really doing it yourself.
#knowledge #sell
  • Profile picture of the author gjabiz
    I've sold knowledge for 30 years online. I can't think of a single example which matches what you've written.

    IF you are DOING, and making money, and IF sharing what you do would compromise your income, don't do it.

    BUT, IF it doesn't matter how many people do it, or how many buy the knowledge (because most will not implement it) then by all means, sell your knowledge.

    What in the world is your example based on?

    gjabiz



    Originally Posted by allegandro View Post

    To sell or not to sell your knowledge.

    I'm sure many of you have your own trick on your sleeves to make money online. Some make 5$ a day others 10K$ a month. And at a certain moment you might think: "Let me make some more profit, let's sell my knowledge to others". Well, this can be very profitable, but it can also back fire you.

    Question: Should you never sell knowledge?

    The first thing you have to ask yourself, what happens to your current earnings when I share all with others?

    • If it very niche specific and you're in it, DON'T sell it
    • If it is in a very large niche, and you can make more money selling your information as earning within that niche, DO sell it.

    Example: You make 2.000$ a month in your niche. This because you are almost alone there and others have no idea how to get access to that money. Well if you start sharing your way of getting access to it, you shoot yourself in the knee.

    Why?: You sell your idea for 20$ and a 100 people will buy it from you in the first month. You might think that you did well. Because in the first month you made 2K extra, on top of your normal earnings.
    But then it happens in within the next months you will see more and more competitors coming up, until the moment you will make almost nothing anymore. And that is not all, because the people who bought it also don't make money as promised, you will have to refund them money.
    Within 3 months you will make much less as the 2.000$ a month.

    Conclusion: Sell only the knowledge that is more valuable as a knowledge product than as really doing it yourself.
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    • Profile picture of the author allegandro
      Originally Posted by gjabiz View Post

      I've sold knowledge for 30 years online.

      gjabiz
      Let me guess you invented the internet together with All Gore?
      Signature

      Meow!

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      • Profile picture of the author gjabiz
        Originally Posted by allegandro View Post

        Let me guess you invented the internet together with All Gore?
        She said,

        Al Gore you got no rhythm.

        So he took lessons, danced the night away with Tipper, and next thing we knew.

        The www was created by algorerhythms...and so it was.

        gjabiz

        More to the point, what is it you think is going to be stolen and put you out of business? AND, you might want to reread my post where it says, don't do it if it spoils your income, pretty basic idea really.
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  • Profile picture of the author superowid
    I'd sell my knowledge. Actually basic knowledge where people just need to know how to start it. As I'm in the creative industry, most basic knowledge is the same, and just need a bit of extra knowledge to stand out of the crowd. People will need time to master it, and they can't just rely to the knowledge I've told to them. So, even if they can compete with me, we will have different skill in the end. Also I don't think people can be me just because they know the same knowledge I have (especially if they got it from me).
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    • Profile picture of the author Alex Leizerovich
      Teach them how to fish and not how to catch the same fish that you are fishing daily.
      What I am basically saying is teach them the method so they can be creative with it.
      And not only very specific copy and paste campaign. cause that will be useless to them once 1000 others do the same exact thing without any creativity in it.
      And without really understanding the method.
      Of course for that you need to have real experience, and not just theoretical knowledge you bought from somebody else
      Like you see in many products.
      Besides a real experts is always testing and learning new stuff.
      Personally i am reading new books and learning new different stuff every single day.
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      • Profile picture of the author Steve B
        Who is the better teacher - one that withholds his knowledge or one that shares whatever he has?

        Who is the better example - one that lets you see a portion of what he is doing or someone that is willing to let you see everything?

        Regardless of how much of your knowledge you share . . . no one else is going to have the same wisdom and experience you do to frame that knowledge and implement it as you know how to do.

        So why not share everything? Give your customers and prospects the very best you have all the time so they know what to expect from you.

        Knowledge is like the air you breathe . . . take it in . . . send it out . . . let others share what you have as it won't diminish your supply in any way.

        Steve
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  • Profile picture of the author SalesGod
    First of all if your only making 2k a month something's seriously wrong, 2nd what's this talk of refunds? I don't refund anyone, they know what there paying for, I deliver, and that's that.
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  • Profile picture of the author Raydal
    A key question to ask before you BUY a product is "Why don't the owner
    keep all this and make all the money? If it doesn't pass that test, then
    you can bet that the offer isn't as great or EASY as it appears.

    -Ray Edwards
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    • Profile picture of the author allegandro
      Originally Posted by Raydal View Post

      A key question to ask before you BUY a product is "Why don't the owner
      keep all this and make all the money? If it doesn't pass that test, then
      you can bet that the offer isn't as great or EASY as it appears.

      -Ray Edwards
      100% true, it's the other side of selling knowledge.... Why would he sell it, what is the catch?
      Signature

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    • Profile picture of the author Melvin Gonzalez
      Originally Posted by Raydal View Post

      A key question to ask before you BUY a product is "Why don't the owner
      keep all this and make all the money? If it doesn't pass that test, then
      you can bet that the offer isn't as great or EASY as it appears.

      -Ray Edwards
      I had always made the same question, why people sell something that's making them tons of money?

      I try to stick to solutions like plugins, software, ready made websites or similar products like these.

      Money making products sometimes are worthless or just theories from people that had heard, read or copy form someone else or just get then form some research made on the Internet.

      Of course there are exceptions.
      Signature
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  • Profile picture of the author namehero
    Originally Posted by allegandro View Post

    To sell or not to sell your knowledge.

    I'm sure many of you have your own trick on your sleeves to make money online. Some make 5$ a day others 10K$ a month. And at a certain moment you might think: "Let me make some more profit, let's sell my knowledge to others". Well, this can be very profitable, but it can also back fire you.

    Question: Should you never sell knowledge?

    The first thing you have to ask yourself, what happens to your current earnings when I share all with others?

    • If it very niche specific and you're in it, DON'T sell it
    • If it is in a very large niche, and you can make more money selling your information as earning within that niche, DO sell it.

    Example: You make 2.000$ a month in your niche. This because you are almost alone there and others have no idea how to get access to that money. Well if you start sharing your way of getting access to it, you shoot yourself in the knee.

    Why?: You sell your idea for 20$ and a 100 people will buy it from you in the first month. You might think that you did well. Because in the first month you made 2K extra, on top of your normal earnings.
    But then it happens in within the next months you will see more and more competitors coming up, until the moment you will make almost nothing anymore. And that is not all, because the people who bought it also don't make money as promised, you will have to refund them money.
    Within 3 months you will make much less as the 2.000$ a month.

    Conclusion: Sell only the knowledge that is more valuable as a knowledge product than as really doing it yourself.
    Yes, you should sell it.

    I battled this questions for YEARS and finally decided to just do it. Opened up a premium discussion forum + held seminars and everything worked out nicely.

    I thought it would effect my bottom line, but unfortunately a lot of people do nothing with the info! If everyone took action as they should I would say no, but that's the sad part.
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  • Profile picture of the author kimanierick
    The knowledge that you have you got it from some body maybe even for free or at a cheaper cost. i don't see any harm in passing knowledge to others. It is through this that you will even gain more knowledge in your field, get more innovative and also improve in that field. there is more gains than losses in passing of knowledge. In fact, never fear competition as it will only make you stronger.
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  • Profile picture of the author Randall Magwood
    I would sell my knowledge. Nobody doesn't believe a word i say anyway - even WITH proof. Might as well get paid for it by selling it to people who don't know me.
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  • Profile picture of the author Raydal
    Same discussion in this thread with a practical example.

    http://www.warriorforum.com/main-int...-facebook.html

    -Ray Edwards
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  • Profile picture of the author Kherk Roldan
    I would rather sell it. i don't care if my knowledge use with other person, at least i help them, its fine with me. sharing is giving
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  • Profile picture of the author TrafficFlow
    I think I can provide a real life example and a solution. I am currently having a wordpress theme custom designed that I expect will make it easier to sell my sites on Flippa.com. So I plan to hold off releasing theme to the public until I have gotten a good head start selling sites created with the theme. Only then will I release a theme that can enable people to compete with me. If sales on Flippa are better than expected I might even hold off longer. But at some point I need to sell the theme because it's a lot less work to sell a theme then to build a website and potentially more lucrative.

    Any flaws in this logic?
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  • Profile picture of the author writeaway
    If you're not selling, you're not making money

    It really is that simple

    You have to SELL

    Now, there are different FORMS to selling.

    The best kind is to SELL without looking like you're SELLING
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    • Profile picture of the author irawr
      Banned
      This really depends on what's going to happen if you sell the information. Is this a private method that if other people were doing it, it would ruin it for you? If so, is anybody else already doing it? Is this a basic technique or this a "tricky cash hack?"

      If you figured out some insane trick with a relatively big site and you're pulling in massive income because of it, I would keep my mouth shut.

      Is this is a strategy where you are taking relatively normal techniques and have added a new twist? Sooner or later a marketer will see what you're doing and test it for themselves. This creates a race situation to be the first person to capitalize on the information. So you sell it. So if you figured out a new way to build a list using Facebook and it's super effective, you might as well sell the info. It's already "in the wild" anyways.

      Also consider how much iteration is achievable. If you figured out a way to rank on keywords that are relatively competitive and it doesn't require any back link building or much effort at all. I suggest you rank 100k valuable keywords, bank roll ten million off it, then if it's not dead, then sell it.
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  • Profile picture of the author Brent Stangel
    The way to sell your knowledge is to provide it free to people who's efforts (with your help) will earn you recurring income, sometimes for years.

    I paid a new member's autoresponder fee this month because I have a feeling once they get going they will do very well and I didn't want them to lose their position. I've already spent several hours coaching them, for free.

    If you want a real ROI, investing in serious people is a good way to do it.
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  • Profile picture of the author DIABL0
    If the market is big enough that the amount of competition it creates doesn't matter, then I don't see a problem with doing it.
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  • Profile picture of the author Dilip Mane
    There is one important phenomenon of knowledge which one should never forget.

    Knowledge enhances when given constantly.

    Yes you should share some part of your knowledge quite often. The more you share, more trust and authority you gain on the subject matter and people like to hear from you very often.

    You always have an option to sell your expertise about how to apply that knowledge to solve a problem or facilitate a solution which people are ultimately looking for most of the time.

    Knowledge should not be measured or weighed in monetary terms every time and its up to you that how you leverage the knowledge you have in your professional venture.
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