I make about $4000 per month from home and want to share info

by 31 replies
36
... but not for free!

So here is the question: how do I price the product/system that is not that complicated and new, but it could easily overflow the market with competition.

I don't want to create it and sell it and people go "well that's cool and works, but it's not worth a $1000". There are other programs that sell better information, but they won't generate competition.

My system can make a $1000 in a week. I'm not saying "bring in", but "make" a $1000 per week. There is work involved. It's entirely online. And it involves building a small network too (easy). I can provide the marketing material and tools too. There is no calling involved, but you will have to answer the phone here and there.

If only two people buy the product at $1000, that's fine, since that doesn't create any competition. Or I can price it for $99 and 20 people buy it and we may step on each other's toes. I can price it at $10, 200 people will buy it and we're screwed.

I'm not sure how to look at it.

Any ideas?


Fleki
#main internet marketing discussion forum #home #info #make #share
  • If you make $1000 per week, why don't you just keep it a secret.

    Sure, you would make an extra $2000 selling it to 2 people, but then the money tree might stop producing notes.
    • [2] replies
    • That hint up there ("create a network") would produce even bigger results.

      That's mainly why.

      I'm actually already doing it on a local level, i just need another person in my position in a different city, and for that, I would want to get paid.

      I guess it's a catch 22. If you don't do it as a part of the network, it works just fine, but then you have competition. One per city would be enough...


      Fleki
      • [1] reply
    • If you're making this type of money then why invite competition? Makes no sense unless you think this won't last at which point your product will just be ripping off a bunch of people.
      • [1] reply
  • I think it sounds like a silly idea to release this information. I mean you got a great earner, which could be wasted completely if just one of your new clients decides to share the info with someone else, which makes the ball roll.

    If your strategy isnt generic enough to sustain (almost) unlimited competition, then I wouldnt release it.
  • I'm also wondering about that. You said one per city would be enough, but also say that if 200 people knew about it, it would become saturated? Are you only talking about cities in your state?
    • [1] reply
    • I think you overestimate the action taking potential of the average human being...

      Out of 200 buyers, my bet is only 5 would take serious action.

      50 would take some action, but would give up halfway there once it gets tough.

      The rest would barely try and give up in the first 5 minutes, but are probably too lazy or distracted to ask for a refund.
  • If bringing people in is going to make you more money, why not find a few really good people in each city you want to expand to and bring them in as partners? If you are just selling a system you will get newbies, but if you engage experienced people with a partnership you will be developing a high quality network.

    Of course this is only if you really have a great system and aren't just baiting potential customers.
  • In my opinion I would try to find a few people who would be willing to go into a joint venture and utilize the program in their area. You could give them access to the system then take a cut of the profits. That would enable you to not worry about the saturation and still make money. PM me if you are interested in this.
  • You might require anyone who you enroll in the program to sign a non-compete agreement with you - at least in your city. Also, if so few will dilute the system's effectiveness, why not charge a higher enrollment fee?
  • Buddy Dont invite competition.Ther are thousands of skilled and hungry internet marketers on warriorforum
  • Once you let the genie out of the bottle, you'll inevitably get competition. Even if all you do is sell a handful of copies, the idea will leak out and eventually saturate the market.
  • [DELETED]
  • If it is guaranteed to make as much as you claim, then each package must be worth at least $25k apiece, sell 20 - retire :-)
  • Like they said if you can guarantee your claim, think about return on investment and price it accordingly. If you really have a great product and you can teach a complete newbie how to make money at least you can charge $97 for a digital product. In the end is all about price testing and testing your copy to find the optimum price.
    • [1] reply
    • Doesn't have to worry about that. The new FTC rules that go into effect in 3 days will force him to prove his claim. Along with a whole slew of other thing and paper work he'll have to produce.
  • Seems interesting. but..
  • I agree with the Captain Sparrow... don't let the cat out of the bag unless you're wanting the competition. Make as much as you can off of it now, and when you feel that things are sorta depleting a bit slowly but surely, then attack it with a product you can sell that can let others learn.. they may think or innovate new tactics that will then help them make it work for them, while their buying it from you worked for you since you got as much as you could out of it.
    • [1] reply
    • Just from reading the bits and pieces in your posts about networking and different cities, MAKE $1000 but not BRING HOME $1000, sounds just a little on the edge to me.

      Not saying it is, but my first thought when you talk about it leads my mind to some sort of PONZI scheme or something like that. Get in at the top and you make money, wait and you can't make a dime kinda things.

      Again, I'm not saying it is, but if this resembles anything like some sort of MLM pyramid, you better have it gone over really good by an attorney or you will find yourself in a lot of heat.

      Just a friendly thought! :confused:

      Robert
      • [1] reply
  • If that is the case then simply package this idea up and revisit it later.

    I'll put myself in your shoes. I'm making $4000 a month and just sharing my ideas could over-saturate the market? I wouldn't share it. Period.
  • Hi why not limit the amount to say 2 or 3 or issue licences in citys only one per city.
    Regards
    vivi62
  • Banned
    Congrats. It is awesome to see more people getting successful on Internet entrepreneurship.

    Keep it up!

    Promote and Prospers!
    goldmineberry
    • [1] reply
    • I have come across a guy in Australia and I will explain the system to him in hopes to develop it into a product, or maybe a formula that works.

      I'm in USA and he is in Australia so I don't see us being in competition with each other.

      Unfortunately, I don't have anything packaged into a product, so I will have to explain it to him step by step. I have no sales pitches or salespages prepared, no quickstart pdf's, nothing like that. I'll explain it to him just to see if it's worth having a partner. If it turns out not to be, then i'll keep bringing in what I'm bringing in, and someone in Australia will (hopefully) make some money too.



      Fleki
  • I smell multi level marketing here. Is it about multi level marketing ?
    Anyway, I totally agree with captainjacksparrow. Why you want to share it ?
    Genycis has a good post up there
  • If you have a list, maybe just offer to your list and keep it small. I personally don't think there is much out there that is worth $1000, especially since it's not all new stuff according to what you said. Good luck
    • [1] reply
    • I do have a list, but they are not in IM niche and most of them don't even know how to check their email.
  • Well, I don't know what kind of list you have, so I can't advise you on that, lol. It was just a suggestion. You will figure out what to do.
  • I would keep it to yourself if I were you.
    Why sell it?
    Be happy with your $1000 a week lol
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