The ULTIMATE product to sell on eBay would be one that: is in high demand; is unique to you, and that means you don’t have any direct competition; charges nothing to produce; costs not ship; doesn’t require memory; has a high-profit markup; can be delivered automatically about auto-pilot so your earnings usually are not dependent on the hours you may spend at work; can be quickly taken in response to changes in demand. The good news is, such a product DOES occur – it’s INFORMATION!
An information product is anything that provides the consumer information – generally teaching them how to take action. An information product could be:
1 . PHYSICAL such as a COMPACT DISC, DVD, paper newsletter, guide
2 . DIGITAL such as a good ebook, audio, or movie on the web, blog, membership website, RSS feed, podcast
3. INTANGIBLE such as seminars, teleseminars, training, mentoring, and consulting.
So how perform information products fit our standards for the ultimate product to offer on eBay?
1 . Data is in high demand
The most popular thing on the internet is information. Ahead of people make an expensive order, they read up on it. They are MORE likely to get information on the product than they can be to buy it! It is very straightforward to research the internet in general and eBay, in particular, to find precisely what information people are looking for. Once you learn what they are looking for, you can make an information product to provide the answers they want, INSURING that your product will be widely used.
2 . An information technique is unique to you, so you haven’t any direct competition
It is above the scope of this article to elucidate in detail how to create your individual, unique information products but be all you need to say that it is straightforward to complete. You can create your data product, have one created for a person, use an existing one, or even sell someone else’s.
3. Info products cost NOTHING to produce
If you create your information item yourself, it costs Not produce (apart from your time). But you DON’T have to create this yourself. You can get existing info for FREE to use as your item. Or you can pay someone quite a little money to create your item for you.
Once it’s developed, a digital information product, for example, an eBook, costs not reproduce. It’s just an electronic file that can be emailed to your customer, or the customer could download it from an internet site.
eBay now requires digital products to be delivered in a physical format, such as with a CD or DVD. But not free; the cost of a clear CD or DVD to get your information product on is usually minimal. Any further back-end e-books that you then sell to your customer directly, not by eBay, can be delivered in an electronic format for FREE.
4. Information products charge NOTHING to ship
As mentioned above, a good eBook costs NOTHING to provide electronically by email or even as a download. eBay now requires digital products to be delivered in a physical file format, such as on a CD or even DVD, which are very light and slim, so the many packing costs are meager. Any further back-end info products that you then sell for your customer directly, not via eBay, can be delivered digitally for FREE.
5. Information products do not require storage space
Once created, your details product exists as data on your computer. The only “space” you will need is some ram on your hard drive. If you publish it to your customer electronically, you do not need to store it elsewhere. If you deliver it to the customer in a physical format, you can print it through to the paper or burn the item to a CD or DISC, as required, just before supply. There is no need to have boxes in addition to boxes of stock muddling up your home.
6. E-books have a high-profit margin
Are usually the value of a scrap regarding paper? Nothing. But what when that scrap of the document had next Saturday’s twice roll-over lottery winning amounts on it? It is now worth $millions. This is an extreme example; nonetheless, it illustrates that it is not the importance of the paper or the compact disk that the information is provided on that counts: it’s the value of the information on that paper or perhaps disc that counts. The particular paper or disc costs cents to produce yet can be sold for $10, $100, perhaps $1 000 – if the information it contains is of good quality and the buyer wants the item badly enough.
7. E-books can be delivered automatically with auto-pilot, so your earnings tend to be not dependent on the hours you would spend at work
An information solution can be sold automatically by using a website. Once the customer wraps up the online order form and clicks the Pay Currently button, they are taken to a new webpage from which they can acquire the product. All this is done IMMEDIATELY while you are asleep, watching TV, on Christmas, or developing your NEXT, the hottest seller information product!
eBay will no longer allow information products to be provided electronically, so your first offer to a customer who will buy from you on eBay should be physically sent on paper or perhaps a disc. However, some products or services will completely automate the method for you. So when someone benefits from your auction, your COMPACT DISK or DVD is developed and shipped to your consumer without you having to do whatever it takes! This can happen while you are in bed or on holiday!
8. E-books can be easily adapted according to changes in demand
Once you’ve designed your information product this sells successfully; you will likely find sales start to decline. Your product may be obsolete, or a competitor might provide a better product. It would be a breeze for you to alter your solution in response to changes in demand and your target market. All you need to do is edit what you possibly can of your product. And once an individual has created one information solution, it’s straightforward to create a different and another and a different, to sell to your existing shoppers and to diversify into entirely new markets.
If you already have a line that you are selling on craigslist and eBay, an information product that is RELEVANT to your market will still be helpful to you both has a FRONT-END product to offer away or sell with little outlay to get more people on to your current list or to give away along with your product as a free BENEFIT to increase the perceived Associated with your offer and IDENTIFY you from your competition.
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