What's Stopping YOU From Creating And Selling Products In 2009...

33 replies
I say it to my clients, even the top guru's says we all should be creating
and selling our own products but yet still so many people get drawn into
activities that only brings in small changes coins...

The way I see it, having your own products, then you have a business,
now others might think differently, that's all well and good... It's like
owning and running a membership site the content is your product, which
is your business and we all know membership sites are great for bringing
in a relatively stable, passive income.

Now I was just wondering, why so many of our fellow warriors have such
a hard time getting a business going products created when all around this
forum there's tons of some of the best business minded people...

Why haven't you created a product?
What's really holding you back?

It could be some simple thing that piece of the puzzle you're missing
that's keeping you from owning your first successful business...why not
ask for help here?

As I said with the wealth of knowledge on this forum what's stopping you
from starting and running a successful profit generating business?

This post isn't about me trying to survey the forum but an attempt at
opening a meaningful discussion where we all can benefit from...

--David
#2009 #creating #products #selling #stopping
  • Profile picture of the author alwaysontop
    I have been trying to produce my own product but one big question i have here is payment option, how do i collect money from the net? I dont have a paypal account nor a clickbank account (because Nigerians were not allowed to own one). I have great ideas on what to write about. Can u pls throw some light on this?
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    • Profile picture of the author InternetM39482
      Originally Posted by alwaysontop View Post

      I have been trying to produce my own product but one big question i have here is payment option, how do i collect money from the net? I dont have a paypal account nor a clickbank account (because Nigerians were not allowed to own one). I have great ideas on what to write about. Can u pls throw some light on this?
      Maybe ask some friend who resides in a country that is accepted?

      As to the topic, I have recently started creating products and sharing my information, to the best extent. I'm working hard on this, and I'm confident 2009 would be a good year for me.
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      • Profile picture of the author David_Thompson
        Originally Posted by Swastik View Post

        As to the topic, I have recently started creating products and sharing my information, to the best extent. I'm working hard on this, and I'm confident 2009 would be a good year for me.
        One of the issues most people face is fear of no one would be
        interested in the content they have created or are sitting on.

        But once you just get things done and release it, there is a huge
        weight that just drops off your shoulders...I used to have this
        issue but I just said to hell with it, I'm going to create and release
        it anyway...that one thing I did generated over $500 bucks and that
        was back in 2001 or 02 I think...

        --David
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    • Profile picture of the author David_Thompson
      Originally Posted by alwaysontop View Post

      I have been trying to produce my own product but one big question i have here is payment option, how do i collect money from the net? I dont have a paypal account nor a clickbank account (because Nigerians were not allowed to own one). I have great ideas on what to write about. Can u pls throw some light on this?
      If you have the funds to get your own merchant account like
      authorize.net you can also look at 2checkout.com and I know
      there are a few others...

      Plus there are a few other warriors from your country that do
      business online you should talk to them and get ideas on how
      they deal with that issue.

      --David
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  • Profile picture of the author TheRealDomainer
    Expert are bunch of failures...

    That is one thing newbies do not look at. If you dont start, you wont fail, after 9 failures, you will succeed the tenth time.

    Always on top, let me see what you have. I am ready for any JV, so long as it is valueble to impact possitively on the society, and it puts food on my table. Send me a PM if you wish

    henry
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  • Profile picture of the author radhika
    Originally Posted by David_Thompson View Post

    Why haven't you created a product?
    What's really holding you back?
    David,

    I wll take your question as 'Why haven't you created more products?' and answer it.

    Well... own product is a lot of responsibility and one should really comitted to it. So time will be the biggest issue in my case. Second I don't like creating info products or membership sites which is easy to create, sell and earn.

    But recently I am trying to divert the time in to many things same time. I hope in 2009, I can come up with more products

    .
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  • Profile picture of the author JayXtreme
    Although I do partially agree with you David..

    I think your angle is wrong...

    My "business" has created a life for me that I never could have imagined.. and it hasn't been "small changes coins".. and I have only ever been an affiliate.

    Right now I am creating my own products, but not because the money as an affiliate hasn't been good (it has been amazing), My choice is one of a challenge and something new..

    Peace

    Jay
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    • Profile picture of the author David_Thompson
      Originally Posted by JayXtreme View Post

      Although I do partially agree with you David..

      I think your angle is wrong...

      My "business" has created a life for me that I never could have imagined.. and it hasn't been "small changes coins".. and I have only ever been an affiliate.

      Right now I am creating my own products, but not because the money as an affiliate hasn't been good (it has been amazing), My choice is one of a challenge and something new..

      Peace

      Jay
      Jay, I do understand that and part of what I wrote I guess
      adding it is down to your skillsets and maybe your experience
      in the niche/market you're going to develop the product in...

      But I can see why so many people start with affiliate marketing
      which isn't bad I just believe things can be done in a different way
      even if you're a brand spanking newbie...

      And too many people are just blindly believing what everyone
      else think here...

      --David
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  • Profile picture of the author Matt Hoey
    I've very nearly created my own product. It's a Newbies Manual to a profitable website, 12,000 words long. I've just got no idea how to go about selling it. I don't think i have the confidence that it will sell. I feel i know the material is good, the book works, but i don't know what to do with it now i've created it.
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    • Profile picture of the author David_Thompson
      Originally Posted by Matt Hoey View Post

      I've very nearly created my own product. It's a Newbies Manual to a profitable website, 12,000 words long. I've just got no idea how to go about selling it. I don't think i have the confidence that it will sell. I feel i know the material is good, the book works, but i don't know what to do with it now i've created it.
      Matt, you're not alone this is a big problem most people starting
      face and tend to just keep doing the same old thing and ends
      up with the same old results...

      Why not get everything done give it a test if it doesn't sell you
      can republish it as a paid monthly membership site and instead
      of getting payment once you are getting payment every month...

      --David
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    • Profile picture of the author Jim Hallmark
      Originally Posted by Matt Hoey View Post

      I've very nearly created my own product. It's a Newbies Manual to a profitable website, 12,000 words long. I've just got no idea how to go about selling it. I don't think i have the confidence that it will sell. I feel i know the material is good, the book works, but i don't know what to do with it now i've created it.
      I think another way to say lack of confidence is fear. We all have our own fears that sometimes hold us back from going in a direction that would ultimately be for our best good. Some of the fears may be things like:

      Fear that no one will buy my product
      Fear that everyone will buy my product and then I will be expected to create another blockbuster (too much pressure)
      Fear that it will take too much of my time
      Fear that others will criticize my work
      Fear that I don't possess the skills to create a good product

      I am sure that we can insert dozens of others in there as well. Most of these are not rational. They are emotion driven based on our perceptions.

      The key of course is identifying the underlying fears first and then dealing with them one at a time. There are hundreds of ways to do this and some of you may have your own way that works for you. There are still many that struggle to find a way to get rid of them.

      Let me suggest a way that I use and have been using now for years. It is a holistic method that is best described as "acupuncture without the needles." It is highly effective (80% + success rate) and is easy to learn. It is call Emotional Freedom Techniques or EFT for short. You can go here to get more information about it.

      It is highly touted by Deepak Chopra, Joe Vitale, Bob Proctor and Jack Canfield. I highly recommend it myself. If anyone has a question about it you can PM me.

      Just my 2 cents.
      Jim
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      • Profile picture of the author Matt Hoey
        Originally Posted by Jim Hallmark View Post

        I think another way to say lack of confidence is fear. We all have our own fears that sometimes hold us back from going in a direction that would ultimately be for our best good. Some of the fears may be things like:

        Fear that no one will buy my product
        Fear that everyone will buy my product and then I will be expected to create another blockbuster (too much pressure)
        Fear that it will take too much of my time
        Fear that others will criticize my work
        Fear that I don't possess the skills to create a good product

        I am sure that we can insert dozens of others in there as well. Most of these are not rational. They are emotion driven based on our perceptions.

        The key of course is identifying the underlying fears first and then dealing with them one at a time. There are hundreds of ways to do this and some of you may have your own way that works for you. There are still many that struggle to find a way to get rid of them.

        Let me suggest a way that I use and have been using now for years. It is a holistic method that is best described as "acupuncture without the needles." It is highly effective (80% + success rate) and is easy to learn. It is call Emotional Freedom Techniques or EFT for short. You can go here to get more information about it.

        It is highly touted by Deepak Chopra, Joe Vitale, Bob Proctor and Jack Canfield. I highly recommend it myself. If anyone has a question about it you can PM me.

        Just my 2 cents.
        Jim
        Thanks man, i've actually used EFT before and affirmations.

        If anyone would like to read part 1 of my product, it's free to the forum, you can read it here.

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

        Please tell me what you think. I basically wrote the book without thinking about any kind of marketing strategy, i did it on a whim without thought while i was excited about a new niche.

        Maybe someone could help me market it somehow?
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  • Profile picture of the author cmac2250
    I think it is tough to create a product if you haven't actually had much success in IM yourself.
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  • Profile picture of the author ADAMw3
    Cmac, I disagree.

    It is hard to create a product in the IM niche if you do not know what you are talking about, but if you have a niche where you are an expert, it is extremely easy.

    If you are expecting to make the big bucks, you have to create a product in a good niche! Of course affiliate marketing should be done to get some other streams of income, but product creation is where it's at.

    Additionally, with product creation you can have others sell your product as affiliates! Can't beat that!
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    • Profile picture of the author Ian Jackson
      I'm following a method from a top class IMer and that involves creating my own products. The vehicle he uses is free (depending upon how one views ones' own time) but there's an awful lot to do. I wish I could outsource, but have no IM budget left; in fact it went -'ve ages ago Having a full time occupation too, time is always a challenge.

      So I'm having to divert - to another method, which may prove to be a bit quicker, but it's back to looking at being an affiliate again - in order to generate a budget for my create-my-own products business, above.

      Having spent a couple of years getting my head arount the whole website & IM thing, and then last year looking a several ways to monetize my knowledge, I've found myself on info overload - a lot, but am more focussed now, having gotten a better focus of the aforementioned methods.

      However, I'm a +'ve thinker, so am sure it's only a matter of time...
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  • Profile picture of the author faakhatri
    Hello, Product creation is done but what is stopping me selling it is that there is no traffic and I dont know how to drive traffic.
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    • Profile picture of the author David_Thompson
      Originally Posted by faakhatri View Post

      Hello, Product creation is done but what is stopping me selling it is that there is no traffic and I dont know how to drive traffic.
      here is a simple way to get traffic to your product page without spending
      a dime...find forums, blogs in your niche and approach the site owners to
      do a JV with but you might have to explain to them the ins and outs of the
      deal...

      Another great tip, use your phone, email, interact with members of
      your niche, get to know them personally if you can, by getting to
      talk to them personally you can break down lots of barriers, which
      will land you in their good books...you taking the time to call and
      almost give them money...any forum owner will gladly send out a
      PM about your product..

      --David
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      • Profile picture of the author united99
        I'm starting a project with a new offline client selling a business management course. I'm just diving in, following what some of the top IM'ers are doing, and how they sell their products, getting affiliates, that sort of thing.
        Yes, I'm learning on the job, but my worst habit is procrastination and over-analyzing. One foot in front of another is the best strategy for me.
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  • Profile picture of the author NicheExposed
    The biggest thing that I have found is that people take selling on the Internet as a big deal. You need to realize that the Internet is just another tool. Like an add in the newspaper or in a phone book. People are always looking for better information and faster solutions with little to no work. So if you can give that to them the format isn't really that critical. Give them a good product in an easy to use manner that solves their problem and then ask them what their next problem is and repeat the process.
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  • Profile picture of the author Ricky Ticky Toc
    Ok im going to try and say this without sounding like an As*hole.

    As for people creating there own product im all for, but try and keep it about something you actually know about for example, a few people have said they have made there own product/book about making money online and they also said "But i dont know how to sell it"

    Call me an As*hole if you like but, if they cant Sell there own product, how on earth did they create the product "make money online" (when they clearly haven't)

    Truth is there product is just going to be *Crap*, probably just info found for free on the internet and stuffed into an eBook, which in turn will lead to bad sales, high refunds and will damage there online reputation.


    Sorry if i offend

    Ricky
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    • Profile picture of the author David_Thompson
      Originally Posted by Ricky Ticky Toc View Post

      Ok im going to try and say this without sounding like an As*hole.

      As for people creating there own product im all for, but try and keep it about something you actually know about for example, a few people have said they have made there own product/book about making money online and they also said "But i dont know how to sell it"

      Call me an As*hole if you like but, if they cant Sell there own product, how on earth did they create the product "make money online" (when they clearly haven't)

      Truth is there product is just going to be *Crap*, probably just info found for free on the internet and stuffed into an eBook, which in turn will lead to bad sales, high refunds and will damage there online reputation.


      Sorry if i offend

      Ricky
      Ricky, your opinion is welcome man that's the reason I started
      the post to get people involved...

      As to what you wrote I agree and disagree...

      There are people that are excellent sales people and there are
      people that are great product creator and there are people that
      are excellent marketers...

      Some people create products base on their skillset and experiences
      but they maybe really bad at selling or this whole IM stuff..

      Now to the IM things I see people creating products about making
      $$$$ or $3000 a month and yet they haven't done this or even made
      a cent in IM...

      It's a lot of smoke and mirror in this IM stuff and you have to be
      careful of who you decide to buy from...But yes some people create
      products about making money and they have never made a cent
      in this industry...which is BS...

      --David
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      • Profile picture of the author Max Ramocsai
        Nothing, I just recently launched my own weight loss eBook.

        Seriously though, the feeling of having your own product is great because you have full control over your success. However, it does come with a price. Researching your niche, creating your own eBook/guide, crafting your sales page, marketing your product, getting affiliates to market your product, tweaking your sales page, etc takes a TON of effort.

        I know this first hand. Yes, it is very satisfying to have my own eBook to sell. But at the same time getting your product ready to sell is only half the battle because you need to also have a plan to sell your product.
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        • Profile picture of the author David_Thompson
          Originally Posted by HiddenCrimson View Post

          Nothing, I just recently launched my own weight loss eBook.

          Seriously though, the feeling of having your own product is great because you have full control over your success. However, it does come with a price. Researching your niche, creating your own eBook/guide, crafting your sales page, marketing your product, getting affiliates to market your product, tweaking your sales page, etc takes a TON of effort.

          I know this first hand. Yes, it is very satisfying to have my own eBook to sell. But at the same time getting your product ready to sell is only half the battle because you need to also have a plan to sell your product.
          While reading your post I notice something you talked about all the things you have to do with setting up your business which is awesome...

          But think about something for a minute, it's the same thing you would have had to do if you were just an affiliate...find a profitable market, find good products to promote, create content and drive traffic to your affiliate pages and you're not even sure that traffic will convert...

          Now with your own product what you will have to do is look for JV and super affiliates to promote your product, to me that is TEN times better than trying to get free or paid traffic for affiliate sites...

          --David
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          • Profile picture of the author Max Ramocsai
            Originally Posted by David_Thompson View Post

            While reading your post I notice something you talked about all the things you have to do with setting up your business which is awesome...

            But think about something for a minute, it's the same thing you would have had to do if you were just an affiliate...find a profitable market, find good products to promote, create content and drive traffic to your affiliate pages and you're not even sure that traffic will convert...

            Now with your own product what you will have to do is look for JV and super affiliates to promote your product, to me that is TEN times better than trying to get free or paid traffic for affiliate sites...

            --David
            While I am not downplaying the efforts of affiliates (I do affiliate marketing myself), I can't help but disagree that affiliates are doing the same kind of work as the publisher.

            I think one of the biggest reasons internet marketers push creating your own products is because they will allow you to take advantage of the work done by affiliates. However, in order to gather an army of affiliates you need to do a lot of testing yourself and prove to the affiliates that your product can and will convert for them.
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  • Profile picture of the author Raiel Schwartz
    It's fairly easy to create an informational product on a topic you are passionate about. I think the problem lies for people in the fact that they either think:

    A) Their niche won't be profitable
    B) They wouldn't know how to sell their knowledge (get traffic to their product page)

    Unfortunately, nothing is 100% guaranteed, but failing to try is worse than trying and failing, because if you look it at that way if you fail to try, your stuck at the same position, but if you try and fail you can salvage experience from what you have done.
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    • Profile picture of the author David_Thompson
      Originally Posted by Craig.Michaels View Post

      It's fairly easy to create an informational product on a topic you are passionate about. I think the problem lies for people in the fact that they either think:

      A) Their niche won't be profitable
      B) They wouldn't know how to sell their knowledge (get traffic to their product page)

      Unfortunately, nothing is 100% guaranteed, but failing to try is worse than trying and failing, because if you look it at that way if you fail to try, your stuck at the same position, but if you try and fail you can salvage experience from what you have done.
      Craig, excellent post man it's so true and it's the samething if you're
      into affiliate marketing and affiliate marketing in the IM industry if
      you are not offering bonuses it's going to be difficult in the long run.

      nice post bro..

      --David
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  • Profile picture of the author cheeze69
    My problem is (and has been) coming-up with an idea for a niche. My career "expertise" lies in things that are:

    1) saturated - I have lots of computer knowledge like programming/etc. but the people who want that kind of thing would already be search-savvy I'd think and there's certainly plenty of free easy-to-find computer stuff online.

    or

    2) exceptionally niche like semiconductor design and automation (not exactly a hot topic for people buying info products I'd imagine!) which I spent the last 15 years doing.

    My hobbies are like-wise "odd" and I spend a lot of time on the computer (see #1 above) or doing things like building small electronic projects which is an area, again, populated by tech-savvy people I'm guessing. I'm a bit of a jack of all trades, master of none actually.

    Maybe I just need a different viewpoint and the stuff above is viable for an info-product. I desperately want to create and sell something as my job just keeps getting worse and worse and I want to get-out at some point in the near future!
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  • Profile picture of the author Scott Ames
    Disorganization
    Lack of Time
    Lack of Focus

    All stuff in my head really.
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  • Profile picture of the author NicheExposed
    If you put the same effort into promotting someone elses product and they make 75 - 50% of the sale plus 100% of the sale that is not done through an affiliate why wouldn't you just try and create your own product. That way you are making the larger end of the pie.

    You don't even need to know how to make a product, just come up with an idea or find a profitable idea someone else is doing and come up with an idea to compete or compliment. Then all you need to do to promote it is do your affiliate marketing like you always do and then have your roduct as a back end bonus or upsell. And for the product creation look on elance or rentacoder.com there are people out there begging to work and create a new product. And for about $300.00 or so you can get a product that will make you ten times that in the long run as long as you focus and just put it out there.

    MY first product I started selling on Ebay about 5 years ago. Then I took it off ebay and developed my first web site. I sold the product on my site for $100.00 and had upsells that went from $104 per item to $175 and my cost was between $10 - $30.00 includeing paypal fees. When I got serious and put in the effort I made $30,000.00 in one year. In 2009 I have a specific plan in place with 7 online businessess that all tie into each other and with my projections and testing we believe we will do over 21 million dollars in sales.

    And the best thing about creating your own product isn't the money, it is the feeling that you had an idea and someone else though that the idea was good and would fill their needs or desire and was willing to give up their hard earned money for it. That is the best feeling in the world.

    To your success in 09
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    • Profile picture of the author David_Thompson
      Guys, some amazing feedback are coming thru which is bringing
      a huge smile on my face...

      The tips everyone are posting will help a lot of people and some
      of the problems we have as entrepreneurs are been address, this
      is brilliant guys keep them coming...

      --David
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      • Profile picture of the author MaskedMarketer
        Originally Posted by David_Thompson View Post

        But I can see why so many people start with affiliate marketing
        which isn't bad I just believe things can be done in a different way
        even if you're a brand spanking newbie...
        Affiliate marketing is just the easiest "magic pill". The problem is its harder to stand out as an affiliate when you have people pushing the same product with different USP- some don't even have a USP- and others don't even know what it is.

        Originally Posted by David_Thompson View Post

        And too many people are just blindly believing what everyone
        else think here
        ...
        is that why people are sometimes referred to as sheep?

        we all have a little "herd" mentality in us all

        Originally Posted by Adam Bshero View Post

        If you are expecting to make the big bucks, you have to create a product in a good niche! Of course affiliate marketing should be done to get some other streams of income, but product creation is where it's at.
        Depends on what you consider big bucks, because most businesses make the "big bucks" on back end sales.

        Originally Posted by David_Thompson View Post

        There are people that are excellent sales people and there are
        people that are great product creator and there are people that
        are excellent marketers...

        Some people create products base on their skillset and experiences
        but they maybe really bad at selling or this whole IM stuff..
        Thats a great point David.

        I haven't made one cent online, but that doesn't mean I don't have experience in marketing or sales. I remember more than 10 years ago I was buying stuff off ebay and selling it to kids in my school. Actually, inside my locker was like a mini flea market as I've always been passionate about business.

        And even if I haven't made one cent online, it doesn't mean I can't sell marketing, sales, or advertising stuff. There is an entire world out there the IMers sometimes forget about. I'm more of a direct marketing/sales/advertising guy anyway, and IM is just a small piece of the pie for me.

        And I've networked into some of the most profitable, small businesses, internet companies, in there industries.

        I recommend this strategy to anyone who can get a job in an internet company (in their market type prefer.), as you can learn from there marketing tests, there sales process, and everything that goes on. Not only that, but you get to network with successful individuals and they teach you things - and just watching a salesmen extract 35k from a person like takin candy from a baby, is worth it all.
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        • Profile picture of the author David_Thompson
          Originally Posted by MaskedMarketer View Post

          Affiliate marketing is just the easiest "magic pill". The problem is its harder to stand out as an affiliate when you have people pushing the same product with different USP- some don't even have a USP- and others don't even know what it is.



          is that why people are sometimes referred to as sheep?

          we all have a little "herd" mentality in us all



          Depends on what you consider big bucks, because most businesses make the "big bucks" on back end sales.



          Thats a great point David.

          I haven't made one cent online, but that doesn't mean I don't have experience in marketing or sales. I remember more than 10 years ago I was buying stuff off ebay and selling it to kids in my school. Actually, inside my locker was like a mini flea market as I've always been passionate about business.

          And even if I haven't made one cent online, it doesn't mean I can't sell marketing, sales, or advertising stuff. There is an entire world out there the IMers sometimes forget about. I'm more of a direct marketing/sales/advertising guy anyway, and IM is just a small piece of the pie for me.

          And I've networked into some of the most profitable, small businesses, internet companies, in there industries.

          I recommend this strategy to anyone who can get a job in an internet company (in their market type prefer.), as you can learn from there marketing tests, there sales process, and everything that goes on. Not only that, but you get to network with successful individuals and they teach you things - and just watching a salesmen extract 35k from a person like takin candy from a baby, is worth it all.
          You are so right man IM is just a small part of this huge
          global community and if anyone learns to play the game
          it will open up and turn into some great things for anyone...

          People have to start questioning this and not just jumping
          off the the top of the tallest building without know how to
          work the para shout or how to land...

          There are many ways of making money online and everyone
          have their own little tweaks that makes them standout whether
          it's in affiliate marketing or selling your own products..

          --David
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          JV partnership wanted, Lets grow your list for free. Nothing to do with giveaways. PM Now
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