Product Creation, A Re-mix

Great!! Got my first post out of the way, now I want to focus on the meat of how it make sense to develop products.

One of the biggest or popular activity you will hear about online is affiliate marketing. What exactly is this? Basically, someone make a contract with a product owner to market products for a commission. Now what does this have to do with product creation?

Lets face it, if you became an affiliate marketer, you would need to develop promotional strategy to sell into a specific niche. This can be rewarding and in fact, you have the benefit of no logistics to manage payments etc..

Lets say then you switch the table and have your own product. Could you then use other affiliates to market for you? Absolutely!! In fact, you could get thousands of them to do this.. If you then had a product worth $25 and you paid 20% commission and then you got each of the 1000 or more affiliate to sell one each, then you would have made $20000 and not mention if they sold 5 each..

With your own Product, you can leverage Affiliate Marketing...

The other option you have for selling would be using Joint Ventures. What this is really is that you locate establish business owners in the niche in question and use the same commission system to sell to their customer base. This is very lucrative since they already developed trust with their customers and recommending your product would be an easier sell.

Got side tracked with the selling aspect but lets get back to the basic logistics of getting a product.

Now, this could be any product type but for simple example, we can stick to basic Information product or software package. assuming you found a very good niche, the next step is to decide how to get the product. Now, to get this out of the way, you could sell large products using the concept of drop shipping. This means you would get some else to manage the logistics and you focus on orders, you could even rebrand but we will discuss this part later.

Now if you decide on a information product, the following steps maybe helpful.

Product Goal
Product Contents (own, expert or Private Label Rights)
Packaging
Marketing

The more original the product the better, so while PLR can get you going quickly bear in mind that others will be selling the same content.

I will provide some more technical details next time, but the goal is to give you a good feel on why this can be useful. I have seen a case where someone had a training package for about $900 each and sold 1500 by Joint Venture in a few days. Did you get the total there? Thats $1.35M!! Not to mention residual sales that will happen. Do you see the benefit of this then? Anyway for now, more materials here. Leave comments if you see fit..