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Every business need products or services to
sell and without these you DO NOT have a businesss. Makes sense,
If you are thinking of starting an online business
you need to decide whether you want to sell your own products or
whether you want to do as I do and sell other peoples' for
I have been making a full-time income from
home as an Affiliate Marketer since 2004. I sell other people
products and services.
If you are new to online marketing
you may not believe it is possible to sell without ones own
products. I was convinced when the company checks started
Let us first look at some ideas for creating
your own product.
Discovering what people need and want
is tantamount to finding a lucrative market for your work at
home business. There are three things you should look for in
determining the profitability of a particular market:
How great is the demand? 2. How scarce is the supply? Or
restated, how much competition will you encounter? 3. Will you
be able to provide for this demand?
If the answer to all
the three considerations above are favorable, then you have for
yourself a good market that your online home business can cater
Of course, there are some tricks and tactics that you
could use to find ideal markets. Here are some of them:
Go to www.inventory.overture.com or www.nichebot.com and type in
the type of business you wish to pursue. The results will show
how many searches were made, direct or related, for that
particular subject over the past few weeks.
* Make a
search for the same business type in any of the search engines.
These results will show how abundant or scarce your competition
* From time to time, there are special reports
that are published which enumerate hot niches waiting to be
exploited. Niches, of course, are highly specialized markets
that most businesses tend to overlook.
Once you find a
market, it's time to come up with a product. Information
products, ie. E-books, are the most ideal for your online home
business. They can be digitally delivered, and they don't
require physical space for stocking.
There are four
popular ways by which you could come up with an information
product for your online home business:
* You could create
these products yourself. Maybe you are an expert in a certain
area? Could you write a special report? Don't forget to check
out if there is a demand for the info as outlined above.
* You could hire someone to create them for you. Elance.com is a
favourite for online marketers to have products created and I
have used them on quite a few occasions myself.
could use existing products that have been created by others,
through the purchase of their resale rights.
Mike Hill is
an expert on using Public Domain Works for this purpose. You can
check out his site here:
Then there is Affiliate Marketing.....
You can join
affiliate programs in 1000s of different markets in almost any
topic imaginable and choose to pre-sell any of the products they
have to offer. As mentioned above this is my preferred method.
When choosing affiliate products you want something of quality
which also offers high commissions. Most quality affiliate
programs will also offer tools in the form of graphics and
pre-written ad copy to help you make your money.
affiliate programs will offer 75% commission to you for selling
their service online. I would be looking for at least 50%,
especially for low priced products like e-books.
priced items, marketing seminars, marketing course etc. I would
The benefits of selling affiliate products
is that you don't have to worry about payment processors nor
product support, which can be a nightmare.
affiliate products frees up a lot of my time. The way I see it,
there is no point working at home unless it allows me more
freedom to do the things I like to do.
Whether you choose
your own product or to go the affiliate route there is a lot of
money to be made, IF you do the right things.
I am here
to make your decision easier and give you whatever help and
advice I can to enable you to proceed.
Contact me anytime
for ideas and advice.
I genuinely want to help.
About the author:
Mal Keenan is publisher of Home Business Tips newsletter:
http://www.home-business-tips-newsletter.com Check out his work
at home opportunities website: http://www.workathomebiz.info/