Can huge money be found in product creation?

You don't have to be an expert to create a product. Why not interview an expert then create a product around the interview.

Napoleon Hill "Think And Grow Rich" was him interviewing people.

Use other people's knowledge

I strongly agree.

If you go beyond the Internet marketing realm -- you'll find that the companies in the business world making the most money most likely have their own products. The affiliates or salespeople selling the company's products don't make quite as much and don't have a market capitalization anywhere close to the company making the product.

Example -- look at Microsoft versus your local computer shop. Microsoft makes the software, your local computer shop sells them. Who makes more money?

BTW -- I like the Chinese Proverb quote in your signature, Lisa.


JP

There are two sides to this.

The real money in product promotion (whether it's your own products or affiliate products) comes from having a large enough selection of products. My own calculations suggest that for a full-time income from product promotion alone, it takes twenty products.

Not just any products, either - quality, reliable, in-demand products with sufficient relation to one another that a common thread is clearly discernable. Twenty products which you can sell to the same broad market segment.

The affiliate marketer has this NOW. You can go out to Clickbank and just make a list in any category. Twenty, thirty, fifty products. Load up the autoresponder with aff links and shove a free report on a squeeze page. Away you go. As your understanding and awareness of marketing improve, your income goes up. Fast. You're tweaking a sales funnel, that's it.

The product creator isn't going to have this for a couple years.

The primary difference between the two is control. As a product creator, I can put any product I want on sale. I can make a 50% off promotion in an hour, and sell product. Affiliates can't do that. And I'm a control freak, plus I hate monitoring other people's stuff... if Bob's product is awesome today, well, Bob might decide tomorrow that it's a good idea if he changes it to something that sucks.

Not that I might not do the same thing (happens to the best of us), but at least I could change it back once I figured out it sucked.

I think there are slightly different values in product creation as opposed to promoting as an affiliate, but some people just don't share the values of one model. I think most of us can do a bit of both, but one or the other feels more natural and makes a better long-term business plan.

Thanks everybody for the high level of thinking with me...

Vincenzo: They are totally unaware of the product...just a medication device satisfies them...but doctors and researches should have more info...I have at least one doctor who agrees on this with me but wasn't able to help me any further.

Zeus: Where would you post these short reports and where would you sell these ebooks?

What I actually mean is...how will I get this product on the market? That there is a need for this product is plain: Asthma will keep existing, and maybe even worsening if people won't research it. This device helps both the patient as the researchers.

There is a housing and a electronic functional prototype. It has a bug which I should be able to solve myself. (battery discharges in a day) Furthermore I should calibrate the sensor...for which I need an accurate flow sensor.

But even then, when everything is working...where will I get the money from to put it in mass-production? Or do I need to sell it before actually doing this? And do you have any suggestions on companies who might be interested in a device for asthmatic patients?