Thank goodness, the most profitable product in the world you can ever sell... also happens to be the easiest product to create.
Can you guess what I'm talking about?
Give up?
Well, that product is...
"Information"!
Let me give you some examples of what I mean: Most information is sold either through written words (books, e-books, magazines and newspapers)... pictures (DVD's and VHS tapes)... or through computer programs (like software).
And can you guess how much it costs to burn a DVD once your product is made? Or what it costs to assemble a book?
The exciting truth is, in most situations it costs literally less than $2 dollars. And... if you're selling stuff online, it gets even better, because...
Your disribution costs are even less!
Because if you're selling information that can be downloaded online by your buyer, outside of a few pennies on the dollar for your merchant account and maybe $25 to $35 dollars a month to keep your website going, your costs are virtually "ZERO"!
That's why selling "information" is the most profitable product in the world, you can ever sell.
Plus, the amount of money you can make selling information isn't limited to your store hours... your billable hours... or your inventory.
Just look at Microsoft. Last year they did over $32 Million Dollars in gross annual sales. Not a big deal, other companies are bigger. But... there are few (if any) companies this size, that also have over $49 Million Dollars of cash on-hand, and only a hair more than $1 Million Dollars in long-term liabilities.
I don't know how familiar you are with asset-to-liability ratios, but this is virtually unheardof.
Reason why?
It's because of how much cash their products generate and how little it costs them to make it. Just think about it: It costs you $199.99 to buy the new Windows XP Home system at Office Max. How much do you think it cost Microsoft to burn a few CD's and toss in a manual or 2?
Maybe $10 bucks?
Not bad, hey?
So...
How can you use this to make money in your business?
Well, let's say you sell software. Most software isn't very easy to use, right out-of-the-box. And most of the manuals that come with software programs are horrible.
So how about if you produce an e-book or a DVD showing your customers how to use the software? Even if you only sold the book for $19.95 each, at almost 100% profit, it sure doesn't take long for this project to start lining your pockets with some serious extra cash, right?
And it's not like you need to do research to write the book or produce the DVD either. That's the beauty of this.
What if you're a massage therapist?
A book about "Top 10 Ways To Keep Your Back Nimble And Pain-Free" surely would be something your customers would want.
Maybe you could couple it with "5 Ways To Make Sure Your Golfing Game Doesn't Cost You More Than A Day Out: How To Eliminate Back Pain While Golfing"
Collect flowers as a hobby? How about a book identifying different flowers in different areas of the world? Or maybe you can reveal "The Secret Locations Of Rare Wild Flowers!"
What if you sell industrial-sized turbine motors? I bet a good VHS or DVD showing your customers how to use those motors, and how to keep them running maintenance-free, would be a big hit.
Maybe this is the way to go with it: "3 Ways To Avoid Costly Repairs To Your Turbine And How To Extend Its Life By As Much As 7 Years!"
You can pretty much come up with a related product for almost any business you have.
What's that you say -- you've got a land-based dry cleaners so you can't use this idea?
Not True!
How about a book that explains how to remove certain stains from a variety of materials and carpeting, or maybe a video that explains the caring and storage of high-end wedding dresses.
Or even better, how about a book along with some software, for the dry-cleaning industry about how to increase profits and streamline losses, directed at other people who own dry-cleaning businesses?
You see, the possibilities are endless.
And remember, nothing is ever set in stone. Even if you can't sell your products, you can definitely give them away as premiums to your customers, to enhance the value of your goods and services.
For example, don't you think if you owned a pet shop, you'd have a better chance of selling your kitty litter if you gave away a FREE report along with every single purchase, called "7 Ways To Eliminate Cat Odor!"
Or, let's say you're an accountant -- wouldn't your clients love to know "How To Beat The IRS At Their Own Game!"
You could even use this technique if you're doing something that really makes everyone's hair stand up on the end of their arms: Like... what if you sell cemetery plots?
I bet you're customers would love to know, "Everything You Must Know, About Buying Cemetery Plots"
So before we wrap up, let's recap what you learned today:
First, the most profitable product to sell is information.
Second, you can sell information directly or indirectly related to what you do, to your customers and to new prospects.
And lastly, another thing you can do with information products is to start using them as premiums or bonuses to either entice new people into doing business with you, or to bundle along with your "real" products, enhancing their perceived value. This gives you the "edge" in selling for higher prices than you are now.
Remember, there's not a product you can sell that's as easy to put your hands on to develop, as information... and there's no product that's worth as much to your customers and clients as information, either. P.S. There's also no "limit" on what people will pay for information. And the truth is, the more "niched" your information is... the more it'll be worth!
Craig Garber is America's Top Direct-Response Copywriter. You'll find hundreds of marketing tips to increase your sales, and his insanely popular FREE Unconventional and Irreverent Daily Direct-Response Marketing Tips, on his website, http://www.KingOfCopy.com
![]() |
|
![]() |
|
![]() |
|
![]() |
No matter what business you are in there is a... Read More
Internet marketing, website marketing, call it what you will, can... Read More
Question: How to deal with ultra skeptical offline or be... Read More
Before trying to define the term of eMarketing (or electronic... Read More
Everyday I talk with people who want to get started... Read More
With the plethora of websites online and hundreds added each... Read More
Here is a story of four traders who each started... Read More
Your Enterprise Won't Survive Unless People Find ItWhether you're a... Read More
Many business people have a distorted view about the distinction... Read More
The deluge of people wanting to make money on the... Read More
The history of these battles is the history of guerrilla... Read More
They hang around your web site. Not buying, just lurking.... Read More
1. Email each visitor a satisfaction questionnaire after they purchase.... Read More
This article can determine the success or failure of your... Read More
I attended a presentation a couple of weeks ago given... Read More
A joint venture is when two or more businesses join... Read More
Three Ways to Get Top Quality Content for Your Niche... Read More
Understanding that the Internet is another vehicle for direct response... Read More
Okay, so you're looking for new ways to grow your... Read More
I recently posted an article titled "Internet Marketing and Public... Read More
It can be a challenge to market real/tangible products in... Read More
Today I was optimizing a couple new websites for search... Read More
"The Internet Gold Rush is under way" Bill Gates, chairman... Read More
Why do we buy things? Well, some thing are out... Read More
Given a solid product, a well-developed Web site, and a... Read More
With the years competition online, has become fierce. Studies shows... Read More
1. When you make your first sale, follow-up with the... Read More
Despite any failures or slow starts you may be experiencing... Read More
Guerrilla Marketing Design is more an attitude than a system... Read More
So, you've created a Website to highlight your realty services... Read More
There are so many simple and achievable ways to make... Read More
Just like the infamous thank you page that a buyer... Read More
Do you have marketing objectives for your Web site? With... Read More
Internet Marketing has been a buzzword for over a decade... Read More
Looking for some tips on being a newbie in the... Read More
Who would have thought that a TV network dedicated to... Read More
Launching a new product or service is an exciting time... Read More
There comes a time in your efforts to market your... Read More
We all do it I guess: give something away for... Read More
Find a niche; pick a niche, niche markets will make... Read More
If you have read any internet marketing resource ever created,... Read More
Almost all of the articles on Internet marketing lacks coverage... Read More
Many people work for hours and hours, days and days... Read More
The Gobbledygook Competitor Analysis TipWhen typing cap can tell you... Read More
Do you know the secret that allowed 100% of the... Read More
Defining Top-Line versus Bottom-LineAn Internet business improves their "top line"... Read More
Dear Cathy:I just found an interesting article on someone else's... Read More
"Pull Marketing" has always been, and will continue to be... Read More
Secret Number One: The Key Is A Niche MarketIdentifying a... Read More
If you want to boost your website sales to the... Read More
With the creation of the Internet, it has become easier... Read More
Given a solid product, a well-developed Web site, and a... Read More
As the Internet grows in popularity and importance, the quality... Read More
I am really fascinated by the world of on-line marketing.... Read More
Your Enterprise Won't Survive Unless People Find ItWhether you're a... Read More
starts when a web site is being planned... And is... Read More
By writing articles you can send targeted traffic to your... Read More
When you first make a decision to start an Internet... Read More
Impulse shopping in the checkout lane may be what drives... Read More
Real estate has made many people large amounts of money... Read More
This article addresses the 'how' and 'when' of getting involved... Read More
Freebies. Freebies. Everyone loves getting things for free.You can increase... Read More
Way No. 1 - Clog Up Their Internet ConnectionImagine it.... Read More
Does your business have a Web site? Have you missed... Read More
If you've been utilizing the Internet for any length of... Read More
Do you have marketing objectives for your Web site? With... Read More
Internet Marketing |