Don't Believe This Myth

acedalright

17 years ago

I know plenty of affiliates earning more than people with their own products

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Tom Brite

17 years ago

Originally Posted by OnlineMasterMind

"You need your own product to make a lot of money."

No. You do not.

There are people who generate upwards of mid to high six figures per day solely as an Affiliate.

Originally Posted by acedalright

I know plenty of affiliates earning more than people with their own products

Your both right it is a common myth!

However having your own product as long as you can make sales i do find more rewarding!

However it takes alot longer to create your own product especially when you have to research and then you have the costs of either more time or money on the design, promotion and graphics. That's not even mentioning getting affiliates!

Sometimes its just better to promote something thats already there and cash in that try and create something and do the work of both a product creator and an affiliate at the same time.

Tom Brite

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premiuminvestor

17 years ago

you have a point there. You don't need your product to make money but the truth is to be truly wealthy, it is best you are the one calling the shots with your product, while the affiliates are "working for" you.

You make much more with your product.

Most top affiliate marketers like Ewen Chia have their own product!

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Jeremy Kelsall

17 years ago

Originally Posted by premiuminvestor

you have a point there. You don't need your product to make money but the truth is to be truly wealthy, it is best you are the one calling the shots with your product, while the affiliates are "working for" you.

You make much more with your product.

Most top affiliate marketers like Ewen Chia have their own product!

That is true - and it isn't at least in my opinion...

Who says that you can't promote someone elses product like it is your own? Hell, some products pay 75% and you DON'T have to deal with the customers! Some would argue that this point alone is worth giving up the 25%.

You also don't have to:

Do updates
Fight Piracy
Pay affiliates
Provide affiliate tools

I'm all for creating products, but there is just as much money to be made out there with other peoples products as your own - In some cases even more money

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Tom Brite

17 years ago

Originally Posted by Jeremy Kelsall

That is true - and it isn't at least in my opinion...

Who says that you can't promote someone elses product like it is your own? Hell, some products pay 75% and you DON'T have to deal with the customers! Some would argue that this point alone is worth giving up the 25%.

You also don't have to:

Do updates
Fight Piracy
Pay affiliates
Provide affiliate tools

I'm all for creating products, but there is just as much money to be made out there with other peoples products as your own - In some cases even more money

Looks like me and you posted almost at the same time.

But Jeremy you make a great point there that i missed, the time spent as a product creator is huge and im only talking about wso's which are really just small time products compared to the grand scale of things!

Plus if your going into the whole legal side of things the tax and documents you need to run your own big product can get very time consuming and expensive too.

Tom Brite

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GuerrillaIM

17 years ago

I think it was Zig Ziggler who said the easiest way to make money is to help other people sell their products.

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MJ Schaefer 17 years ago

Originally Posted by GuerrillaIM

I think it was Zig Ziggler who said the easiest way to make money is to help other people sell their products.

I presume you learned this from one of the many book/audio products that Mr Ziglar created...
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Zeus66

17 years ago

Why do you people fight it? Somebody "famous" said you have to have your own product to make money. Damnit, SOMEBODY FAMOUS!!! How dare you go against that. I'm ashamed of you all. Especially you, Kelsall. I expected better from you, young man.

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Black Hat Cat

Banned 17 years ago

Originally Posted by OnlineMasterMind

"You need your own product to make a lot of money."

No. You do not.

There are people who generate upwards of mid to high six figures per day solely as an Affiliate.

Name one. Mid six figures is $500,000. I would love to meet the affiliate who is doing $500,000 plus per day.

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Matt Bard 17 years ago

Originally Posted by Black Hat Cat

Name one. Mid six figures is $500,000.00. I would love to meet the affiliate who is doing $500,000.00 plus per day.

The Waltons
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- Zeus66 17 years ago
  
  Originally Posted by Matt M
  
  The Waltons
  
  CLASSIC! Poor Black Cat In The Hat. Gets shot down every dang time. LOL
  
  ^5 Matt
  
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F360 17 years ago

Originally Posted by Black Hat Cat

Name one. Mid six figures is $500,000. I would love to meet the affiliate who is doing $500,000 plus per day.

This is what I thought.

"mid to high six figures per day solely as an Affiliate" is AT LEAST $182,500,000 (182 million per year) selling someone elses products.
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- Martin Luxton 17 years ago
  
  Another "Either . . . Or" thread.
  
  If it's not articles vs. PPC, it's white hat vs. black hat or Wordpress vs. HTML or leprechauns vs. fairies.
  
  It's much simpler than that - "Whatever works for you."
  
  If you apply this concept
  
  Thesis, Antithesis, Synthesis
  
  you'll be fine.
  
  Martin
  
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premiuminvestor

17 years ago

Yeah Jeremy

I do get your point! For someone as "lazy" as I am, getting paid 50 - 75% sounds like a great idea.

But the way I see it is if you are good at it. You can do both. Be an affiliate for others and create your own product

heck, you could even release the product "How To Make Money with other people's products"

and that will be your product.

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sf_Imtiaz

17 years ago

Originally Posted by OnlineMasterMind

"You need your own product to make a lot of money."

No. You do not.

There are people who generate upwards of mid to high six figures per day solely as an Affiliate.

comparatively, it's easier to make a lot with your own product (particularly digital product that doesn't require maintenance), when an affiliate is making six figures, vendor is also getting paid from that affiliate's efforts not to mention the other affiliates making money for themselves and the vendor getting paid for that too. Vendor, meanwhile, can concentrate on developing more products ...

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sf_Imtiaz

17 years ago

Why some people seems to be under the impression that selling a product is easier than creating one ?

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Dustin Hulett

Banned 17 years ago

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Intrepreneur

17 years ago

Originally Posted by Dustin Hulett

honestly it to me its harder to sell then create. Think about it in the real world I can have a product go door to door and it would be harder to convence ppl to buy the product then do anything else

TRUE!

But we gotta try, else we won't sell a thing!

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Dan C. Rinnert 17 years ago

The way I see it, you have to play to your strengths.

If you're better at creating than selling, you need to have a product (that other people can sell) in order to make a lot of money.

If you're better at selling than creating, then you don't need your own product.

If you're good at creating and selling, then you're golden. You can do both, or do the one you most enjoy.
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- adamv 17 years ago
  
  Originally Posted by acedalright
  
  I know plenty of affiliates earning more than people with their own products
  
  I am both of those people.
  
  I got started online with my own products. Art work and instructional drawing DVDs. I now make 4 to 5 times as much as an affiliate marketing other people products than I do selling my own stuff.
  
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GuerrillaIM

17 years ago

Originally Posted by Dustin Hulett

honestly it to me its harder to sell then create. Think about it in the real world I can have a product go door to door and it would be harder to convence ppl to buy the product then do anything else

I disagree. To create something good is extremely hard and you have to go through a lot of failures to get to it. To pick out an amazing product that is already selling well and has all the bells and whistles already made is so much easier.

To sell an item all you have to do is present the benefits to the correct target market and then ask for the sale.

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DotComBum

17 years ago

Yes, I agreed with you, if you have found a good product and promote it well as a affiliate, you can make a lot of money out of it.

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Revolves

17 years ago

As someone pointed out in some other thread (maybe in
WarRoom), Affiliate Marketing and Marketing your own
products are different. One is not necessarily "easier" than
the others, though that's what most marketers who sell
"affiliate stuff" want you to believe.

Affiliate marketers do build products. But many don't see
it. A product is not always something you directly sell to
your customers. Affiliates who complain about too much
competition don't know about this secret. Super affiliates
know they have no parallel, because they do create a
product. But what is the nature of "that" product? Well,
that's for you to think. Keep a flexible mind and think
about it. You will get the answer.

If you understand that paragraph, you'll realize what makes
super affiliates super in the first place.

Regards,
Revolves.

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Ian Jackson

17 years ago

Originally Posted by OnlineMasterMind

"You need your own product to make a lot of money."

No. You do not.

There are people who generate upwards of mid to high six figures per day solely as an Affiliate.

Did you mean in terms of keeping an existing (current) IM/niche income flowing, or as a newb just starting out (with very little capital) ? I cautiously assume the latter

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Anonymous Affiliate

17 years ago

Depends on what your strengths are.

To me, creating a product is easier than raking in quality traffic, so I usually favor creating my own products and let the affiliates drive the traffic. If you're good with PPC, SEO, CPA etc, then you might be better off following the affiliate path.

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katiec

17 years ago

I've personally found that you are all correct, you don't have to have your own product. However even if you are an affiliate, selling other people's product, it's worth the basic reminder that you have to believe in it, and make the targets think you own the product, and would buy it again.

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OnlineMasterMind

17 years ago

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Martin Luxton

17 years ago

Originally Posted by OnlineMasterMind

Hey thanks for your thoughts everyone...

But please keep in mind that this was by no means an "either or" post.

I think some of you need to re read the original post. Personally, I thought it was pretty clear.

Sorry, didn't mean it as a criticism directed at you.

The thing is, regardless of the OP, these kind of threads quickly become very polarized and confusing to inexperienced people.

Martin

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Mohammad Afaq

17 years ago

It is always great to have your own product because it makes you look like a professional and also makes you more money but it is not necessary to have one to make money online.

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