Monday, December 15, 2008
About Information Products
The most profitable business in the world is selling information. And by “information” I don’t mean just books. I’m talking about selling books, reports, videos, or software.
Or to be more specific…selling downloadable books, videos, or software on the Internet.
Here are some of the key benefits of selling downloadable information products online:
* You don’t have to stock or ship any inventory. (Before I “saw the light” about selling downloadable products, I sold books and tapes that were delivered through the mail. We had to dedicate an entire room of our house to stocking inventory…and we were always making last minute rush trips to the post office in order to meet shipping deadlines. This is not fun.)
* You don’t have to do anything when the product is sold. If you set up your business correctly (I’ll show you how in the videos) then your products are delivered automatically right after someone buys. You can actually live the “Internet fantasy” of making money in your sleep.
* You do the work once and get paid over and over. Heck, you don’t even have to do the initial work if you don’t want to. In the videos that come with this course, I’ll show you how to get other people to make your products for you.
* Each sale is pure profit. Since you’re selling a downloadable product, you have no “hard cost”…so every sale is mostly “gravy”. In fact, the only money you “pay” is the cost of accepting credit cards…and this only happens when you make a sale.
The vast majority of people who are making huge amounts of money are doing so with their own information products.
If you're really serious about making money online, then you must consider creating your own information products. The truth is that it is not difficult at all.
For more information specifically about selling information products, I recommend the Black Business Builders Club which extensively covers this subject.