Is it possible to make a full-time living with having just one product?

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Hey guys, I was wondering if any of you have ever managed to make a full-time living with just 1 single product (one that is less than $100)?

I have been building my website for over 2 years now, and I have a member's area which is essentially a "course". I don't make many sales when I price it as a recurring membership. However, when I price it at various different price points (all under $100), for lifetime access I make a decent amount of sales. I average about $1000 per month give or take.

I currently am not using paid traffic, and I never have. I also don't have a heavy market-based email sequence. However, I am wondering if I start really focusing on list marketing and advertising, then I could maybe get my monthly income to around $3K to $5K from just this one product?

I have a baby on the way, so I have about 8 months to make this happen. Otherwise, I'm going to have to go back to working a job full-time.

I have a friend who is very successful in IM willing to mentor me (for a nice fee). After finding out about the baby on the way, I decided that it's time to kick this into high gear.

I'm wondering what your thoughts are?

TL;DR - can you make $3K to $5K per month with having just one product?
#fulltime #living #make #product
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  • Profile picture of the author 55sadhikar
    If people are buying obviously the offer is converting; now keep looking to scale it with small paid ads. Works and is profit buy more paid ads. Doesn't work with small test ; look for different traffic source. Keep building relationship with your list and they will likely buy from you in near future.
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  • Yes you can if you have a product that can provide you recurring income and a system that you can leverage on to get more traffic.
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  • Profile picture of the author adi111
    Originally Posted by Bkelly301 View Post

    Hey guys, I was wondering if any of you have ever managed to make a full-time living with just 1 single product (one that is less than $100)?
    TL;DR - can you make $3K to $5K per month with having just one product?
    Yes, it is absolutely possible to make a fulltime living with just one product.
    But, the matter here is that you don't know which is that One Product. And it is basically very much possible in the dropshipping industry which you are not in.
    So, I will recommend that you must diversify. Not in other industry but in your same industry.

    I have been building my website for over 2 years now, and I have a member's area which is essentially a "course". I don't make many sales when I price it as a recurring membership. However, when I price it at various different price points (all under $100), for lifetime access I make a decent amount of sales. I average about $1000 per month give or take.
    It seems like you are giving a kind of upsell to your engaged visitors and viewers.
    So, I think you should take their E-mail address from these and put them in an E-mail marketing software and then you cant promote other people products (affiliate products) and you can also charge some companies to use our E-mail list (I don't recommend ). And now you have another stream of Income.

    Or you could even make any digital products (like e-books, podcast, files) ( I recommend e-books) based on your industry.

    Please give me some ideas about your industry. I will be more than happy to help you.
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  • Profile picture of the author George Flm
    Yes, it's utterly possible - then create a "deep web" backend for repeat purchases.

    If you don't offer upsells, you're doing a disservice to your bottom line.

    The consensus is to test the marketability of said product *then* expand your horizons.
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  • Profile picture of the author Michael Meaney
    I think PLF was pretty much the only product Jeff Walker sold for a long time + the occasional affiliate promo.
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  • Profile picture of the author writeaway
    Yes... if your product is your PERSONAL BRAND

    Take the case of SEO maven Brian Dean.... He's selling, wait for it, Brian Dean not SEO products, not SEO udemy courses, etc etc.

    Be an expert in SOMETHING... anything and associate your name with that expertise.

    That's how you end up with an EVERGREEN PRODUCT that scales up in asset value over time
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  • Profile picture of the author OptedIn
    Originally Posted by Bkelly301 View Post

    I have a friend who is very successful in IM willing to mentor me (for a nice fee).
    With friends like that . . . . . . . .
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    • Profile picture of the author savidge4
      Originally Posted by OptedIn View Post

      With friends like that . . . . . . . .
      All you can do is brag you got friends.. cuz you cant afford them!

      Actually the fee is a good thing... keeps both of you in the game, and because this is costing you, you will do the work, and because you are paying them.. you will have expectations from them.
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  • Profile picture of the author newton
    If you're currently making $1,000 with no paid advertising or well stacked email sequence, then turning that into $3k-$5k shouldn't be too difficult at all.


    Look at adding in complimentary products at different price brackets. Move people up your value ladder (Russell Brunson style). Use paid traffic to get your leads, follow up with them via autoresponder sequence, get them into your buying funnel, move them up to your most expensive product.


    Rince and repeat.


    Maybe even turn your buyers into affiliates who can recommend the product(s) for you.
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  • Profile picture of the author dave_hermansen
    Yes, there are plenty of people selling a single course as their product and making extremely good money doing it. And you are right, it's all in the list.

    It also doesn't hut to strike up relationships with others in the industry who might be able to expose you to their audience. Typically this is done via a webinar exchange (you do a webinar to his/her audience to gain business; he/she does a webinar to your audience).

    By the way, I'm not sure why you are limiting yourself to a single course and income stream. There are almost always ways of creating separate courses somewhere down the line that you can market to the people who bought your first course. There are also usually quite a few affiliate marketing opportunities available for you to pursue with your customers, both in the course, itself, and via remarketing emails.
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  • Profile picture of the author ChrisBa
    Originally Posted by Bkelly301 View Post

    Hey guys, I was wondering if any of you have ever managed to make a full-time living with just 1 single product (one that is less than $100)?

    I have been building my website for over 2 years now, and I have a member's area which is essentially a "course". I don't make many sales when I price it as a recurring membership. However, when I price it at various different price points (all under $100), for lifetime access I make a decent amount of sales. I average about $1000 per month give or take.

    I currently am not using paid traffic, and I never have. I also don't have a heavy market-based email sequence. However, I am wondering if I start really focusing on list marketing and advertising, then I could maybe get my monthly income to around $3K to $5K from just this one product?

    I have a baby on the way, so I have about 8 months to make this happen. Otherwise, I'm going to have to go back to working a job full-time.

    I have a friend who is very successful in IM willing to mentor me (for a nice fee). After finding out about the baby on the way, I decided that it's time to kick this into high gear.

    I'm wondering what your thoughts are?

    TL;DR - can you make $3K to $5K per month with having just one product?
    IMO yes you can earn that amount of money with a single product but it is a very risky thing to do.

    If something ever happens that stops that one product from being profitable you would be in a bad position.

    If you are starting out then focus on one product at a time but once you're able to then work on getting addition income streams.
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  • Profile picture of the author Gambino
    I would also guess that you could scale from $1,000 to $5,000 with a single product.

    But, it really depends on where your traffic comes and whether you can scale it up. And if not, are you able to find and drive traffic that converts like your current traffic does.

    I make my coin selling products in the $10-60 range, but they're physical products. Relatively easy to convert although it's in a very competitive market.

    The one thing I've learned is that customers are invaluable. Repeat sales are much easier to get than first time sales. Sure, it's wise to scale up your current traffic and you could probably get to a 'full-time' income doing it - assuming that there's enough demand for what you're selling. But, deepening your funnel with additional products can really boost your income.
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  • Profile picture of the author roberthull99
    You can, but the better LONG-TERM strategy would be to build in multiple products.

    I would highly advise getting into the physical product space.

    Ken McCarthy, one of the pioneers of internet marketing, said in one of his programs, that he has known only a handful of millionaires w ho sell only info products, and known countless millionaires who sell physical products.

    What you describe is a real sh*t situation to be in. It's when you plan for the long-term that you make the big money, and when you plan for the short-term when you fail miserably, but it seems you're kinda stuck having to plan for the short-term.

    Maybe you can plan for the long-term, work on getting your second product up and running, or a physical product, and if the baby comes along before you're making enough money, then go ahead and get a job, and try to keep building this thing on the side whenever you get a moment.

    Good luck! I feel your pain buddy.
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  • Profile picture of the author Jamel Hassell
    Based on what you are saying whenever you price your product for under 100 bucks it sells. Sounds like you have found a good price point.So do not chop and change the price unless of course you have soecial sales and promotion going on. I think it is a very bad idea to have 1 product.Products become absolete so therefore you should be enancing the value of your products and services otherwise competitors will come along with advanced products and wipe you out of the market.You should always be looking for ways to evolve your products and services.
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  • Profile picture of the author Noodle2018
    Great replies so far! just to add to what people are saying, yes it is very possible to make great money with a single product under $100 bucks, but since it seems you've been testing what prices work, then stick to that for now. I would recommend building more rapport with your customers and trying different traffic methods.
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  • Profile picture of the author grownbetterwe
    Yes, it is possible.
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  • Profile picture of the author homebizmaster
    Absolutely, I personally think running with one good product is the best, instead of jumping from one shiny object to the other.
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  • Profile picture of the author karenwp
    If your product is good, and you are working on your marketing - yes, it is possible.
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  • Profile picture of the author Rachel Donnelly
    hey guys,
    I gave birth about six months and am able to manage a full time living by marketing online products.
    so yes, it is possible.
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  • I personally market several products in the niche then I can link all my websites together by advertising each other this not only increases my sales, it also helps my SEO
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  • Profile picture of the author jbsmith
    Depends on our goal - I see it as quite risky to live on one product forever...if that product is good, other people will rip it off and you will see more competition over time. The only REAL way of combating that reality is to continue to expand and evolve your product offerings.

    I personally would never SIT on one product for more than a year or two (which I have done)...but then again, I find it more fun constantly coming out with new offerings anyway.
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  • Profile picture of the author savidge4
    Im going to be very pragmatic with this response... can you name me a "Real" non digital company that has only 1 product? If memory serves me correct you offer music lessons of some type? so something you can relate to. A musician / band creates an album... they don't have just AN ALBUM, they also have as many singles correct? so on iTunes or Google play for example they don't have a single product, they have 7 10 15 products. each song, plus the album.

    I think you need to look at your offering in this way. I would suggest looking at what you have and segmenting into probably at least 3 separate products. a lessor package. a full package and then a package with access to you and other students within the confines of a private Facebook group with weekly scheduled times you can be there.

    Yes this will require a bit of reworking something that is already working. I would suspect with some tweaking your conversion should actually increase, and if played out right, your over all "Profit" should increase.

    And again I will leave you with this.. how many "Successful" Authors have 1 book? How many successful Restauranteurs have only 1 Restaurant? Even if Apple only sold phones.. how many phones do they release at a time? ( a BIG one and a smaller one )

    Increase your offering and increase your profits.. and REALLY you need to start thinking about Course #2 with a a pre intended segway to course #3. A broad scope course and then start pumping more targetted specific courses.

    Hope that Helps!
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  • Profile picture of the author Bkelly301
    Thanks for all the replies everyone. The general consensus is to include more products over time as a long term strategy - both digital and physical products. So that's exactly what I'm going to do.

    Thanks for all the replies!
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    • Profile picture of the author Art of Asset Profit
      Banned
      Originally Posted by Bkelly301 View Post

      Thanks for all the replies everyone. The general consensus is to include more products over time as a long term strategy - both digital and physical products. So that's exactly what I'm going to do.

      Thanks for all the replies!
      You already have your 2nd Product.

      How you make $1000 a month without Paid Traffic or Killing yourself doing it.

      And that one may surpass the original.

      Art
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    • Profile picture of the author Virginia Sanders
      Originally Posted by Bkelly301 View Post

      Thanks for all the replies everyone. The general consensus is to include more products over time as a long term strategy - both digital and physical products. So that's exactly what I'm going to do.

      Thanks for all the replies!
      Again, I came to the party late but, I was faced with this same issue a couple of years ago. My solution is to find a residual income stream (Affiliate Product) autoresponder, monthly paid memberships, hosting, etc. Find a product that pays you monthly so that you are not always chasing customers. Your customers may be your best source of leads for a monthly product offering. But as you grow your residual income stream, you can relax and know that a certain amount of income is coming in every month.
      Good Luck to you
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  • Profile picture of the author ashwinsd
    It is better to scale by adding more products.
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    • Profile picture of the author minimax
      Originally Posted by ashwinsd View Post

      It is better to scale by adding more products.
      Sure you can add more and more product on your segments.
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  • Profile picture of the author Wanfu Sensei
    It is possible. Ever heard of the 80/20 rule, 80% of the products account for 20% of the sales and 20% of the products account for 80% of the sales, if your one product happens to be in the 20% of the product that accounts for 80% of the sales, or even better, a blockbuster product, then you can make a full time income and even beyond with just one product.

    However, reading what you have mentioned in your post, I don't think there's enough data to form a conclusion exclusively aimed for your situation. Having that said, creating a Marketing Funnel is essential, and starting Email Marketing is a must. Don't neglect these two and you shall be well on your own to making a full time income and possibly beyond~
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    • Profile picture of the author Daniel Evans
      Originally Posted by Wanfu Sensei View Post

      It is possible. Ever heard of the 80/20 rule, 80% of the products account for 20% of the sales and 20% of the products account for 80% of the sales, if your one product happens to be in the 20% of the product that accounts for 80% of the sales...
      99% of people are bewildered reading that hearsay rule of thumb, though that too is just a wild figure.
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      • Profile picture of the author Wanfu Sensei
        Originally Posted by Daniel Evans View Post

        99% of people are bewildered reading that hearsay rule of thumb, though that too is just a wild figure.

        The saying may not be entirely accurate, but there's a high level of truth to it~
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        • Profile picture of the author OptedIn
          Originally Posted by Wanfu Sensei View Post

          The saying may not be entirely accurate, but there's a high level of truth to it~
          You say so, but it can't be proven. It's a myth and an opinion - not a fact.
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  • Profile picture of the author Jennifer Isola
    I work for someone who only has one product but she makes 10-15k a month her product has variations.
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  • Profile picture of the author KIORTY
    probably not but try give people something else connected with your product, make them interested in your new product
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  • Profile picture of the author ultimatehustler
    Yes you can.... I would create upsells and use other product as an affiliate to increase your order value....
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  • Profile picture of the author ryanbiddulph
    Hi B,

    Yes because success is about creating helpful content and building your friend network BUT...be abundant to make your life easier. I created 4 products, 126 eBooks and monetize thru 11 income streams. Much easier to make money with many irons in the fire, plus you render greater service to more people.
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  • Profile picture of the author Volt
    Yea i think
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  • Profile picture of the author superowid
    Yes! But it depends on your marketing effort! And let your market leads you to your 2nd product creation or variation.
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  • Profile picture of the author RuthFrench
    There are different products, you can create an application that will bring money for many years.
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  • I did for about 5 years.......but eventually things change and it will die off. It can be done and for 100% focus it should be done. Just have the plan in place for when you need to re-invent.
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  • Profile picture of the author gogogoing
    i think it is possible - look at facebook lol
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  • Profile picture of the author luiscara
    Hi man! I think you can get to $3.000$ - $5.000 with just one product but you would have to reach out to more people. It would be easier to create multiple products so that the same audience you have right now will buy more from you. You dont even have to create the product. You can promote good affiliate products
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    • Profile picture of the author OptedIn
      Originally Posted by luiscara View Post

      Hi man! I think you can get to $3.000$ - $5.000 with just one product but you would have to reach out to more people.
      Of course you would, if you are going to find people that are going to purchase products in the $3k to $5k range. We all know that there are plenty of those out there.

      Personally, I'd skip those and go right to the $10k to $15k purchasers.
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  • Profile picture of the author Adeyemicube
    I think it is possible if it is a very good product.
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  • Profile picture of the author DaGeekin
    Yeah Of course it is. But It is good to have a strategy where you are selling physical and digital products at the same time. As well as having multiple products lined up to market to people you get onto your email list. Which If you aren't already then start making a email list based around your niche and have those product ideas ready. Look at your list as long term value that you will want to be showing more then 1 product to them especially over the long term! So Whatever traffic your bringing in is constantly making you money with offers.
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  • Profile picture of the author amuro
    Yes it is possible.

    With a membership site / coaching program that you can charge people for hundreds to thousands of dollars.

    Which is what most gurus do these days.

    But they won't offer those rightaway in their salespages.

    Normally they will begin with low-ticket items ranging from $5 to $47 or send you an invitation to their webinars.

    And then through webinars - which you and I probably watched countless times - they started promoting their coaching / membership site offers.

    Now the issue is not just to copy what they do.

    But how to do BETTER than them.

    And what better way than to get connected with the people who attended the webinar but did not sign up for various reasons?

    The same concept applies for offline seminar previews.
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  • Profile picture of the author kevinfar
    You can definitely make a full time income if you can scale it correctly.
    If you can advertise for x amount and make that back and more in profit, then scaling will allow you to technically grow as much as you can.
    Things might work slighlty different in practice - you will always have road bumps, obstacles, etc but you can definitely make it work.
    Also, about the deal with your friend, is nice being used sarcastically or did you mean nice in a good way? Just curious about that.
    Kevin
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  • Profile picture of the author Thomas Unise
    The snuggie did like $300M
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  • Profile picture of the author donsteve
    Yes , you can.

    As a blogger.

    Let's say you create an ebook or video program just once.

    Then, all you've got to do is set up a targeted blog, that drive unique targeted visitors to your website daily.

    Since you'll rely on free search engine traffic, you have to come up with good quality content which your website visitors will love.

    When you post consistently, with time you'll start getting good traffic and you'll start getting sales daily.

    Unlike email marketers, as a blogger you just need one product and don't need to create multiple courses because you're getting daily unlimited traffic to your blog.
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  • Profile picture of the author TravisGIMC
    Sure, you can make a full time income with one product--or just one site.


    But, you will need two things.


    First, you will need a product--either one you own or an affiliate product that you are promoting--that actually coverts.


    And two, once you have found this, it is simply a matter or driving more and more traffic to it.


    I realize that this is not easy--but this too me, is the basic formula.


    Of course, to put-in a third point, you should always work on ways to increase your conversions.
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  • Profile picture of the author chloe91
    Yes if your product is converting profits for you than why not, i would recommend that you should give your product a little boost by using Facebook ads or Google Ads.
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  • Profile picture of the author mzonas
    Oh of course you can! All you need is 100 customers paying you $47 per month, that means $4,700 in recurring income. If you reinvest some of the profits - it will grow even bigger.
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  • Profile picture of the author KimboJim
    Honestly, there are so many variables here that it's hard to say. Yes, you might be able to make full-time income, but if you really need that money then I wouldn't let desperation force your hand.

    If you really need the money, then I would work full-time and do some part-time advertising and marketing. Keep the money flowing until your online business really takes off.

    Also, adding small products (like an ebook, different membership sections that are each more elite than the last, pushing affiliate products, etc) can help boost your income.

    I wish you the best. It's possible, but personally I would do the full-time job and market on a part-time basis.
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  • Profile picture of the author yopewpew
    1. yes and no. It is completely up to you. I know lots of startups they didn't have much to make a sale to begin with. Some of them they made it, but most didn't.

    2. Your $1,000 sales is a good start. Your goal is $3,000 per month, so let me break down the number for you:
    One product sells for $3,000, you only need 1 customer
    one product sells for $15,00, you only need 2 customers
    one product sells for $1,000, you only need 3 customers
    one product sells for $500, you only need 6 customers
    one product sells for $100, you need 30 customers

    Since your product sells for less than $100, that means you need over 30 customers activity shopping at your store.

    3. I believe in word-of-mouth. If your product is amazing, your customers will come back and bring their friends and family to your business. So do a follow-up with your existing customers
    4. I also only have one product on my blog business, but I affiliate with different companies, so "my product line" expanded without using my money but making more money.

    5. Also, I diversify my income. I have a blog and a network marketing business. I also invest in cryptocurrencies and precious metals.

    [link removed by moderator]

    Cheers
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  • Profile picture of the author bizman1946
    Sounds like you're on the right track, But if your goal is to make a significant increase in your income, you will have to do one of these 2 things ether scale up tremendously or get a high ticket product to sell.
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  • Profile picture of the author Reprand
    Yes, it's certainly possible to make a lifetime income on just one product.

    In my opinion to keep the lifetime of the product as long as possible is to make sure you have a high converting landing page, great traffic, and receive feedback from members to constantly update your product.
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  • Profile picture of the author Jamel Hassell
    Products become obsolete so I advice you to invest time into researching and developing enhanced products not only for the sake of your business but also improving the experience of your customer.

    I think that you should pick up a side hustle maybe mow peoples lawns, wash cars or something low cost while you build your business.
    To me it is very foolish not having a job or side business to sustain you while you are building. THINK About it
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  • Profile picture of the author Pritam ghosh
    Very nice question man, see people are willing to pay the amount as you are reducing the price ,so definitely people are getting value but as you increase the price , the sales are going down because people think that is that a wise decision to invest that much amount because its give or take, I will suggest, out of your product filter out some important valuable content and give them access to them(just to have them an idea that how your course will benefit them), so as they build that trust they will be willing to pay and this will increase the sales.
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  • Profile picture of the author breathetoprosper
    Yes.
    I can tell you that from all the successful people I talked to, all of them, no exception are focused. One of them that has 50 companies that employ over 5000 people told me: "You can do everything, just not everything at once". What you should do is double down your efforts into getting one product selling. It will take lots of iterations until you do something that starts working. Once it does, double down on paid ads targeting the same type of people. Only then you can move on to the next product.

    Best of luck
    Diogo
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  • Profile picture of the author Jehoyakim
    Buddy, I'll tell you what you can do. Create a funnel. Without a funnel that sells more stuff, you'll not be able to monetize effectively! Create more products, give offers to people and sell them at high rates with bonuses that get customers to buy from you.
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  • Yes it is possible.
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  • Profile picture of the author skylikemake
    Yes, of course. Maybe it would be better than have few products
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  • Profile picture of the author MuhammedSa
    yes sure, you should work more on your website SEO.
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  • Profile picture of the author natelivliv
    Yes, it CAN be done...

    But, unless you manufacture your own Product or have steady (or existing) access to some Inventory, it's going to mean a LOT of work...

    Although there are plenty of other ways to find Inventory..., FOR ME PERSONALLY:

    It is going to mean ALWAYS having your head on a swivel, constantly looking for things to Sell.

    Doesn't matter if you're in the Grocery Store or driving to Church...

    It means digging through garages and barns and nasty basements. Dirty thrift stores, and countless yard sales.

    It means being at a dinner party and finding out that someone has a garage full of stuff, but hasn't yet had a yard sale, and has had enough drinks in them to sell it ALL right then and there... And subsequently digging through their garage while wearing dress clothes.

    It means getting up at the butt-crack of dawn on Fridays and Saturdays and hitting yard sales all day, and skipping Breakfast.

    Just last night I was at someone's house Grilling, chilling, and drink a few cold ones... They mentioned that there was an old barn out back full of junk, so off I went in the dark to check it out.

    I ended up scoring a pair of old Stadium Seats that they CLAIM were out of the Houston Astrodome, for $25.

    So it was worth walking away from the party for a bit. :slight_smile:

    Those will probably end up on eBay, and as others have stated, you really almost HAVE TO HAVE other venues to sell on as well.

    It's a full-time job (BIG TIME.)

    But it's FUN, Rewarding, and CAN be wildly profitable.

    It allows freedom and flexibility for us (our family) to Travel, and pretty much go when/where we want... (I'll find SOME WHERE along the way to buy some stuff to make money.)

    I've been selling online since 1998 or so...

    I've had several jobs throughout those years, as temporary INSANITY or the thrill/challenge of starting a Business keeps calling... but every time I keep going right back to selling Online shortly thereafter.

    It's hard to work for someone else after having discovered how to make a living for yourself... You've had a taste of "freedom," and you have essentially been "RUINED FOR LIFE..."...LOL

    There's an old saying that I love: "Once you have been Self-Employed, you're Unemployable."

    SO, if you're the kind of person that LOVES the thrill of "the hunt," meeting new people, being bold enough to strike up conversations with Strangers, digging through old junk, etc, etc,... then I say: GO FOR IT.

    Just make sure you have the ability to pay your bills through other avenues for a MINIMUM of 6 Months.

    You won't get rich overnight.

    Find a NICHE, even if it's something you know nothing about, and learn everything you can about that type of item(s)...

    Then go out and look for anything you can find that you can buy for a couple dollars, and sell for $20 or more.

    Don't waste your time starting off with (for instance) Items that you buy for $2.00 and sell for $4.00. You'll get frustrated quickly, as it will take a long time for you to see any Profits building up.

    That's my 2¢... I'm sure that others will disagree, but it's my style and what has worked for me personally.

    [link removed by moderator]
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  • Profile picture of the author Xavier1945
    Yes, possible! Because i am making a good living from a single product and that is my website. It is paying me enough to take out expenses and save some money for myself. I just pay $3 to my web host which is hostnoc and i think that makes me $1000+ a month. $1000 in my country is a lot of money.

    So yes!
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  • Yes you can! Everything depends on you my man. You will have to choose the right market for THE product. Either it will be locally sold or international. I had eco toothbrush shop in small market in north europe. I had huge success but it was temporal and I came back where I started - to 0. My main mistake was: I STOPPED MOVING FORWARD. You cannot let that happen, so just try and try to stick your product everywhere you can, don't be annoying ofc.
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  • Profile picture of the author vmdv16
    I think you can by creating a funnel and doing paid advertising.
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  • Profile picture of the author Zil Vilis
    in my opinion there is no such thing as a one product. You must have sales funnel, with multiple products as up-sells and down-sells etc etc.
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  • Profile picture of the author Michael Ellis
    You have a baby on the way in 8 months, I'd say the no-brainer decision you should make is to go get a full-time job with insurance and stability, as much you can at this point.

    There are no guarantees to what you can make (1 product or many), but you have to be realistic.

    You have a child coming, find stability. Work on the risky stuff afterward.
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  • Profile picture of the author Darrell Hagan
    Yes it is possible but not advisable to put your eggs all in one basket. Until recently when I discontinued the product, I mostly supported myself, wife & pets for over 3 years from a single physical product which we manufactured and sold. I only discontinued it because key parts were becoming more expensive and difficult to source .
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  • Profile picture of the author Hailey Park
    Solo Ads might help you out abit! Check out different websites such as Soloads or Ignor Kheifers.
    Signature

    Are you interested or need help with building an online marketing career?
    Reach out to me and I would be more than happy to coach you for free! Looking forward to talk to you soon!

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  • Profile picture of the author alexbn
    Hi,

    You can earn a full time income but it won't be possible with a 100$ product. You need to go high ticket on the front-end. If you invest money into ads and you lose on the front-end hoping to make money on the back-end in 6 months, forget it. You won't have free cash flow and you won't be able to invest money further into growing your business. Especially for beginners it is important to focus on high ticket on the front-end.

    4 steps to freedom:
    1) Build YOUR traffic. Go on FB and start posting valuable content on other groups in your niche. You can google buzzsumo to get ideas. Start your own FB group and invite people to join. Once you have 2000 people you can expect to have a full-time income.
    2) Build a simple funnel and offer them something for free in exchange for their email adress
    3) Provide 4 value emails and the 5th should be a webinar registration link
    4) If you are selling a 997$ product, sell directly via webinar, if it is 2997$+ get them on a call
    5) selling 2% from a 2000 people list is 40. At 997$ it is almost 40k. If you achieve that in a year I think it can be considered a full-time income. You can easily get to 6figures because the process is scalable.
    6)Start a YT channel teaching others how to do that.

    Build your assets: EMAIL list is your n1 asset. Your product is also your n1 asset.
    Forget all the tricks out there. The tricks are short term.
    Hope it helps.
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  • Yes it is really possible if you have a product with monthly recurring billing option.
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  • Profile picture of the author cearionmarie
    Yes! I've met some people who sell single products/services and have been doing very well, plus it helps them focus more on sales and marketing. As long as it converts then that's good. When things get stable that's when you can diversify and offer other things.
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    Cearion Uy - Marketing Advisor
    www.influencerauditor.com

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  • Profile picture of the author klspaf
    Absolutely mate! I've made more than $500k per month with a single DIGITAL product, in a single niche. It can be done. In fact, I am in 3 different niches and in all three, I have only one single product for each niche.

    Granted they are $2k products and not $100.

    Advertising is KEY. If you don't learn how to advertise properly, you will never get to where you truly want to be.

    My formula is:
    Have a single (super simple) funnel with a MASSIVE backend.

    So it all starts out with ads pointing to a webinar. Then from that point on I email people DAILY with super valuable content where I make a super soft pitch at the end of the emails. If you get into my funnel. You will be emailed every single day (sometimes twice per day) for around 9 years. That is how big my backend is.

    Doing this has led me to making a metric ton of money.

    Karma Senge
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  • Profile picture of the author Johnarcher
    Here's another yes answer to your answer. Part of the answer is based on the idea expanding on the delivery of your single product. 1st a PDF report, then offer the audio version, then perhaps creating an online course. Mainly because it's easier to work on what's already created than to create something completely new. Hope this helps
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  • Profile picture of the author akshay7
    It depends on the product. With the "course" that you have right now, you can achieve your numbers by scaling it up as it is converting. However, for sustainability, you should either have more products in the pipeline or have 1 product which you keep improving and making it bigger.

    Keep the product suite updated and it will keep making you money.
    Signature
    For global monitoring, online reputation management and reactive marketing strategies, message me or
    Visit - www.redswanlabs.com
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  • Profile picture of the author Rud
    I believe you can reach your goals if said product is indeed a much needed service like advertising.
    Large Markup margin opportunities are key. The issue with some digital products is that we spend so much time trying to manufacture a "desire" for the consumer. We all can't run infomercials though.
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  • Profile picture of the author SiaMatrix
    Ofcource , there are ton of people who are making living with just one product.
    And that one product should be wide enough to give $100/day.
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    >> WANT TO EARN YOUR FIRST DOLLAR ONLINE THEN SKYPE ME 100% FREE TRAINING >>
    SKYPE : siamatrix

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  • Profile picture of the author luciesmazanska
    you can always do it no matter how many products you have!
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  • Profile picture of the author flyingskill
    This is an age of supreme competition. If you are coming up with a unique product that really provides value to the end user, you can make money that will lay the foundation for your future but you cannot totally dependent on it.

    Try to diversify your streams of income.

    Stay blesses!
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  • Profile picture of the author Jenkins43
    Unless the product is big to make profit then yes. But if it's small then no you need more people to help expand the item..

    You can do it
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  • Profile picture of the author macacortes
    It is possible. There's a ton of people who are making their living just by one product. When they do, they start to sell similar/complementary products for upsell and cross-sell. For example, if you're selling a fitness supplements, you start to sell a blender bottle, maybe a t-shirt so clothes, exercise machine, etc. Try different products until you figure it out which one works too.
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  • I think your web site is on the right track. You should continue to try. Moreover, your experienced friend is ready to give you advice. The advice of an experienced man is very big. If a product is properly known, then a product will surely bring you a lot of money.
    Thanks for sharing your experience.
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