I thought I would share a recent success story that I had and how exactly I did it without much effort on my part
The first thing I did was go over to clickbank and have a look at what products were selling well and in what niches. I wanted to get feedback on what was making money before I created my own product.
I found a number of websites with high gravity that were selling their own products for around $77 in one particular niche. I also used the Google keyword tool to gauge the number of searches per month.
The niche was getting over 250,000 searches per month and there was a lot of people advertising with Google Adwords.
Perfect. This could be a profitable niche.
However having very little experience in the niche I decided that it would be best to have an "expert" create the product instead of me.
I did a little research and found a local person who fitted the bill. I paid them $750 to write an Ebook on the subject and to appear in video footage (which I filmed with a borrowed camera). I also took some pictures of them for branding.
The whole process took about a week. And at the end of it, I had a great product in a niche where money was being spent.
I then hired a graphic designer and someone to write me a sales page. Costing $1000. I probably could have gotten it done cheaper but the final result was fantastic, so it was worth the extra spend.
After that I contacted about 30 different potential JV's. Simply emailing them. Offering them 50% on the initial $77 and also 50% on a $27 up sell.
Using some of the video footage that I shot earlier with the "expert" I created some pre launch content. (This was 2 videos each around 5 minutes long, but giving some great content).
In the end only 14 people mailed their lists or added the offer onto their websites but I was able to sell over $20,000 worth of product. Netting me over $10,000.
Not bad for a $1750 investment. The whole process took around 3 weeks.
But I was finished yet.
I then completely outsourced some articles, forum posting and link building. And also added a press release and did some video marketing (using the footage I had shot earlier). (total cost close to $1500). I just used elance, guru.com etc. It took me a little while to find the right people, but when I did I hung onto them.
My goal was to get the site ranking for some mid level terms in the SERPS and earn passive income.
For the next 3 months, the site earn t me $4,000 in profit from the SEO and also from a couple of affiliates.
Then I decided to sell the business as a whole (including product, website, salespage everything) on flippa for $5,500 profit.
OK, so the total project cost me $3250. But I received back $19,500 in revenue.
Total profit being $16,250 in 4 months.
The key points:
1. I did proper market research. I knew there was money being spent and that people wanted this product. Don't ever start a project without first knowing this.
I can't stress that point enough.
2. I outsourced everything. My role was to over see everything. Instead of getting bogged down by creating the product, creating graphics, salespage, SEO etc, I simply handed that over to the experts. This meant a far better product, the project being completed quicker and allowed me to work on other things as well.
3. I always had the plan in mind to sell the business for some quick cash. I could have kept it going and earning residual income but this will allow me to create another product quickly.
Ok, so there you have it. I hope this inspires and helps.
Feel free to ask any questions