If You Had A System That You Knew Would Make Money Would You Sell It Or Keep It To Yourself?

33 replies
I was just thinking about all the systems I have seen sold in the WSO section. I was thinking, if someone had a system that they knew without a doubt would make them money, would they sell it. Some people would sell it and some would not, but I really believe if someone had a one, two, three step mechanical system that made money they would keep it to themselves.

What about you, would you ever create competition for yourself by giving away the farm, or would you keep it hush?
#knew #make #money #sell #system
  • Profile picture of the author ShaneRQR
    I would sell a system if it was
    A) new
    and
    B) selling it would have the potential of earning me a higher return for time invested than just keeping at working the system.

    I can imagine selling a system just to spread the love, so to speak, but only once I've made a ton of cash with it (call me egoistic). But then, I might as well give it away for free in the War Room.

    I'm always a bit skeptical of a 7$ WSO that supposedly teaches how to make tens of thousands a month. Why bother selling something for pocket-change if it's making that much money?
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    • Profile picture of the author cdhartpence
      It's a good question and a fair one too, but honestly, I think anybody who answers "no" to the question has failed to understand how the 'net-age economy works, and is missing out on a huge opportunity.

      -=Vel=-
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    • Profile picture of the author blackjack
      Originally Posted by ShaneRQR View Post

      I would sell a system if it was

      selling it would have the potential of earning me a higher return for time invested than just keeping at working the system.

      I would add one more which is I have milked all the money using the system and then sell it for $ 7.00
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  • Profile picture of the author Jason Pereira
    I have no problem with selling methods that are making me money as long as doing so doesn't saturate them. For most broad 'ways to make money online' (affiliate marketing, website flipping, product launches etc) an extra hundred or even thousand people more competing wouldn't really affect the field so the competition is not a problem.

    Personally, I feel of any make money online guide sold, especially at a lower price point - 95%+ of people that purchase won't even attempt the method, no matter how good the product is, while the remainder that do won't saturate it. Although product quality plays a part, people taking action generally has nothing to do with the quality of the product - we as people tend to be lazy.

    As for selling a way to make money...

    To me it's all about diversifying income streams, the more the better. If I'm making $5,000 a month on X, why bother selling a step by step guide how to do it? Because if I do so and make 10 sales a day at $10, I've just added $3,000 to my income, which is pretty substantial. Not to mention the long term benefits like a reputation for producing quality, a list, joint ventures and so on.

    That said, if there was a method that would saturate immediately if only a few people took part in it, and was making me a ton of money - I wouldn't look at selling it, ever.
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  • Profile picture of the author Tom Ryan
    The majority of people probably won't follow through with the information anyway. They'll just move on to the next wso that they hope will make them rich without any work.

    So, I doubt you'd be creating too much competition for yourself.
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  • Profile picture of the author yamahafzr
    Keep it to yourself, outsource and expand
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  • Profile picture of the author JohnMcCabe
    Originally Posted by pheonix44 View Post

    I was just thinking about all the systems I have seen sold in the WSO section. I was thinking, if someone had a system that they knew without a doubt would make them money, would they sell it. Some people would sell it and some would not, but I really believe if someone had a one, two, three step mechanical system that made money they would keep it to themselves.

    What about you, would you ever create competition for yourself by giving away the farm, or would you keep it hush?
    It depends...

    I can think of two cases where I would consider selling the system.

    1. If I can continue operating the system myself and not dilute the value of my own efforts by sharing the information.

    2. If I was losing interest in the system and wanted to move on to something else.
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  • Profile picture of the author pheonix44
    The method really doesn't have anything to do with marketing. So if I created competition it would hurt me for sure.
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    • Profile picture of the author yamahafzr
      Originally Posted by pheonix44 View Post

      The method really doesn't have anything to do with marketing. So if I created competition it would hurt me for sure.
      I think you answered your own question right there
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  • Profile picture of the author KristiDaniels
    Both.

    Way over 95% of people who purchase your system will never put it to use. People just buy things to have them.

    Even if you were creating competition by selling your system, only 1% of the buyers would be that competition. The others just bought your system to put it on the shelf.

    Rarely do other users of a system even create competition. Usually it creates more partners who are doing the same thing that can relate to your business model. More partners are always good.

    In the rare cases that it causes a little more competition, you will have made a lot more by selling the system than you lose with the little bit more competition.

    People often question why someone would sell a system that works. That is why. You can have a system that works and share it with others and make even more money too.

    There isn't just one goose that lays golden eggs. If you figure out how to make geese lay golden eggs, you can teach lots of people to do it too. Eventually the price of gold will drop if those you teach actually put what you teach into action, but you will have made a lot more than you lose with the drop in gold price by selling the system to others.
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  • Profile picture of the author kevinfar
    Selling the system could provide another income stream as long as it does not serios effect the method itself when revealed to other people.

    However, how many methods can you say that are really unique and that no one before you has been using?
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  • Profile picture of the author Lett
    I would use that method by myself, after i get any success i would share it to my friends.
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  • Profile picture of the author pheonix44
    Selling the system could provide another income stream as long as it does not serios effect the method itself when revealed to other people.

    However, how many methods can you say that are really unique and that no one before you has been using?
    Selling the system would be fine as long as it was sold to a limit number of people.
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    • Profile picture of the author Steven Wagenheim
      Let's look at this logically.

      If you absolutely knew for a fact that selling the system would decrease
      your income, then selling it is foolish unless...

      1. The income you earn from selling the system more than makes up for
      the lost income using it.

      2. The system has a limited life span and thus, eventually, will die out on
      its own.

      Having said that, let me inject a little more reality into this.

      From your OP, I am going to assume that you have this amazing system
      that nobody could possibly discover on their own if they tried.

      News flash. Nobody is that smart. If one human being figured out a system
      another human being can figure out the same system. I fell into this trap
      myself not too long ago having come up with a system that I thought
      nobody else would come up with. Well, others did.

      If the general info is out there, somebody is going to find a way to
      incorporate it into a system. It may be a month from now, two months
      or two years. But it will happen eventually.

      So, your decision essentially comes down to an educated gamble.

      How long can you sit on this cash cow milking it for all you can before
      somebody else comes up with the same system and then sells it before
      YOU do.

      Because make no mistake about it. Most people, IF they find such a
      great system will jump on it faster than a fly on crap because they KNOW
      that they can probably make more money selling it, especially if it's that
      new, than what they can make using it.

      When I say know, what I really mean is THINK THEY KNOW.

      See, nobody really ever knows for sure if a system will work forever and
      how well it will work.

      Take MFA sites from a few years back. Everybody thought they had
      found the holy grail.

      In steps Google and bam...no more MFA sites.

      Ultimately, the decision is yours. But please don't delude yourself to
      think that you've discovered some magic garden that nobody else will
      ever find unless YOU show it to them.

      Like I said, nobody is that smart.
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  • Profile picture of the author kweblife1
    But if you are thinking of selling stuff to internet marketers wouldn't you want to sell them something which will generate measureable financial returns for them? Otherwise they may not be too confident in any similar products you may have to offer or recommend to them.

    When you're always looking for the answer like me, the best thing is when you find someone willing to share their knowledge and seems interested in your success too. You buy their stuff regardless of the price without even a thought, you follow through on their recommendations (affiliate products, websites to visit etc.), and basically consider their word very highly.

    In my opinion that's the kind of seller you respect and will come back to time and time again. If they are selling, you're ready to buy. I think in the long run you make much more money from establishing a loyal, long-term customer by offering a product which delivers and delivers well as much as you can. Now you have establised a sure additional and sustained source of income in addition to the system which will still be making you money.
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  • Profile picture of the author Shana_Adam
    I would never sell unless I was retiring. Some systems take years of hard work to perfect and its not always about money.

    There is also an inherent responsibility in selling a system that may damage other businesses. For example the 30day challenge system saturated EZA, squidoo and hubpages.

    Any system that is sold needs to take into consideration the effects it may have on other businesses. Holistically spreading the virus and then saying you are not to blame for other peoples actions is not good enough. Telling 30K people to spam a business website is liable to end up with consequences for everyone in the industry.
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  • Profile picture of the author Emily Meeks
    Why not? It's the basis for a good product. It works, you know it works, and as stated above - if you don't sell the system, someone else will.
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  • Profile picture of the author michellegreen
    It all depends on how much good karma I want!

    Seriously though, no matter what, only a small % of anybody who learns your system is going to actually implement it, so your chances of doing yourself out of income are probably quite low IMO. But then again it all depends on what the system is and the niche you're targeting.
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  • Profile picture of the author Daniel E Taylor
    Why would you sell something under the basis that
    you "hope" most people won't use it.

    Talk about ethics.

    Daniel
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  • Profile picture of the author rapidscc
    there's a difference between thinking that it will work and actually seeing it work.
    Sometimes the secrets we think will make us rich will turn out a dud after implementing it..

    I've seen a lot of information products lately, due to the fact that I write about them. In most of the cases, the author himself has used the system for a long time before sharing it with others..

    So this means that these authors also don't horde information regarding what works...but only after doing it themselves and earning a lot from it..in which case I can't help but ask if the methods are already saturated before they release them..

    All the best,

    Omar
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  • Profile picture of the author dmarze
    I have my own system on how to make money online and I share it with other people.
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  • Profile picture of the author J Bold
    You forgot one option.

    Give it away for free.

    Yep, that's another option.
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  • Profile picture of the author Glenn Leader
    One possibility is that you could build these systems
    for people without revealing the inner workings. That
    way you can control how many competitors you have,
    and still retain your edge.

    HTH

    Glenn
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    • Profile picture of the author cdhartpence
      Steve W. gets the point I made earlier.

      ANY TIME you do business, whether here or out in the real world, you leave behind a footprint.

      It's as unavoidable as breathing.

      And from that footprint, someone can reverse engineer your approach.

      Barring that, most folks aren't nearly as clever as they think they are (me included), and what we see as unique and wholly unreproduceable is, in fact, fairly simple to unmask.

      And it will be.

      So if you choose to sit on it, then yes...you'll ride the cash cow for a little longer than you would have with loads of competition, but in the end (and prolly sooner than you think) someone else is gonna figure it out too, and then you won't be alone. Worse, when THEY start selling it, they'll be the ones really cashing in on the idea and your "cash cow" won't be looking all that grand any more.

      Besides that, economics is not a sum-zero game. I can tell someone my exact methodology, and it won't hurt my business one bit. Sure, you can construct a hypothetical business that MIGHT be impacted by spreading the word, but these will be, by far, the exception, rather than the norm. So much so that the odd outlier prolly isn't even worth mentioning.

      In fact, having someone to talk about it with and kick ideas around with will probably HELP the model.

      Finally, the internet-economy is so fast moving and interconnected that today's "hot idea" is tomorrow's has been, so sell it while it's hot.

      -=Vel=-
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  • Profile picture of the author dtrainer
    I would first earn a million or two and then why not, I would share
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  • Profile picture of the author MoneyRaker
    As far as I am concerned - I WOULD! sell it unless it would close some doors for me

    The thing is that we do not understand that the chances of making money in most markets increase as the no. of people in it increase. The graph is positively sloped! Also it makes good sense in economics terms.

    Additionally I dnt mind the $$$ I would be making for selling the system.

    If you have an ORIGINAL system that actually makes money and is based on a good business model than you really dnt need to worry at all. becasue then it'll be a WIN WIN situation for ever1:

    -The Buyer
    -The Seller

    - And the Market!

    at least this is my point of view!
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  • Profile picture of the author CDarklock
    I've spent a lot of time looking at this thread, and debating over how to explain my answer.

    I believe there are certain methods it is irresponsible to sell.

    I believe there are certain methods it is irresponsible NOT to sell.

    It's kind of hard to explain the difference.

    Think of any money-making method as being a series of layers. Imagine you're selling kangaroo fencing. You have all of this stuff that only really applies to selling kangaroo fencing. Then, under that, you have stuff that applies to selling other kinds of animal fencing. Under that, you have stuff that applies to any kind of fencing. And as you dig farther down, you come to this little collection of stuff that applies to selling anything at all.

    There's a layer in the middle where it's iffy. Should you sell it? Should you not? It's a judgment call. Selling it will increase your competition and reduce your available profit. Keeping it will reduce your fellow marketers' ability to profit.

    But as you get closer to the top, where it's all about kangaroo fencing, you start to hit a point where the market just won't support that many people selling kangaroo fencing. And if you sell your kangaroo fencing method to a whole bunch of people, everybody suffers. You suffer from the competition; your customers suffer from the competition; their customers suffer from the competition; it's bad for everybody. It's irresponsible to spread that around too much.

    In the same way, as you get closer to the bottom, it gets broader and more general. At the very bottom you have some hackneyed aphorism like "buy low, sell high." But above that, you have your own unique spin on certain concepts and ideals. And that, it's irresponsible not to sell, because it doesn't hurt anyone and it helps a lot of people.

    There's another little exception to the rule up at the top end, though. If you have NO COMPETITION... as in nobody else is doing what you're doing... you need to create some. Every major player in a market needs at least two solid competitors. If you're slaughtering your competition, and have what amounts to a monopoly, you need to go to your competition and help them ramp up. If you don't have any competition, find some. Grab a big player or two from some other business, and trade business models. Mentor someone. Whatever it takes to get someone to challenge you, so you don't just kick back and rest on your laurels.
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    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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  • Profile picture of the author pheonix44
    Unless I'm positive a given method can sustain an influx of people using it, I'm not going to publish it - I'm going to use it, refine it and profit from it over the long-term. I'll leave it to someone else to figure it out and try to cash in on it for a few bucks. It's why you rarely see me publishing info products in the first place - in my opinion, a truly viable method is more profitable to hang on to than sell off.
    I've spent over a year working and paper testing this system to ensure its consistency. If I were to tell a few people it would not hurt, but I would not want it mass marketed. I believe there is always more value in something that is not generally available for everyone to figure out. If it is easy chances are the value is not that high, not everyone will agree with this but it is the way I feel.
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    • Profile picture of the author Hesaidblissfully
      Originally Posted by pheonix44 View Post

      I've spent over a year working and paper testing this system to ensure its consistency. If I were to tell a few people it would not hurt, but I would not want it mass marketed. I believe there is always more value in something that is not generally available for everyone to figure out. If it is easy chances are the value is not that high, not everyone will agree with this but it is the way I feel.
      Then you're probably better off releasing it as personal coaching for a limited number of people or a live workshop that people have to attend, as opposed to a traditional info product (ebook, audio/video course). Even so, there's no way of 100% guaranteeing that the information won't get out and lead to competition (for example, one of your coaching clients decides to teach what he leaned to a friend of his, and the friend goes on to create a mass marketed info product.)
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  • Profile picture of the author bha
    I would use it my self for a while and perfect it. Then I would package it and sell it to make more money.
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  • Profile picture of the author MikeGriffith
    Of course I would share it with others, sell it, or whatever. I would not keep it to myself. If no one ever shared their ideas -- no matter how dynamic-- there would be no progress in this old world.
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  • Profile picture of the author Sean Ski
    Have an offer drive traffic to it... build a list... know the biggest source of leads to tap into... All of that information is already available, all of the biggest money makers use those basic principles.

    Everything else is just strategies to add on but there is no secret system that someone's using that no one else knows about, at least not a million dollar system. Get your link/banner/video on as many sites as possible, in front of as many (targeted) eyes as possible (the same goes for offline media), optimize your site and get the conversion rates as high as possible, nothing else really to say.
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    • Profile picture of the author robert key
      Hi pheonix44,

      Absolutely Not!

      Some things are simple logic. I've always wondered why so many
      Warriors get on this forum and release their so-called systems
      that are making them "x" amount of profits, etc.

      It doesn't add up...

      Try asking Google, Microsoft, Apple to join the Warriors forum and
      post a WSO selling their "system" (for $17-$27-$37, etc.) that earns
      them B-I-L-L-I-O-N-S of dollars...

      Yes, exactly - it ain't going to happen!

      So once again, why are so many Warriors so gung-ho to post a
      WSO for their "system" that's making them hundreds or thousands
      a day?

      Here's the part that has me shaking my head:

      They're so ready to sell the system that's making them 5-6 figures
      per month for only... $47 or some other "bargain basement" price!

      So many Warriors are basically Info-Marketers that call themselves
      Internet Marketers. The term Internet Marketer as well as the "IM"
      niche is so over-used.

      The truth is everyone online that is promoting a product or service
      IS an Internet Marketer, they just don't happen to be pushing
      "how-to information".

      Just my two cents!

      Robert
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