3 Big Reasons To Create Your Own Products
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Today we have another contribution by Steven Wagenheim.
Steven has created MANY products, so you’re not only getting good advice, he also knows what works and what doesn’t.
So, enjoy this post, titled:
Why Create Your Own Products?
So, you want to create your own product.
Well, you’ve made a good choice. I’ve been telling this to marketers for a long time. Yes, you can make a nice living as an affiliate marketer, but if you want to rake in the really big bucks, you need to create your own products.
Need reasons?
This article is going to give you plenty of reasons. After reading it, I have no doubt that you’ll be convinced that creating your own product is the way to go.
The biggest reason for creating your own product is complete control.
As an affiliate marketer, you are at the mercy of the product creator.
The price of the product, the sales page, the customer support… everything is out of your control. If the product creator decides to reduce the commission percentage from 75% to 50%, well, you have to live with it.
I’ve seen product creators literally destroy their products with some of the changes they make and in turn, they kill their affiliates chances for making sales.
Another big reason for creating your own product is competition.
As an affiliate, you are competing with every other affiliate who’s promoting that same product. Unless you really have some serious affiliate marketing skills, you’re not going to get many sales.
As a product creator, not only don’t you have to worry about competing with other affiliates, you get other affiliates to help you promote your product. One super affiliate doing that can land you hundreds of sales. I have personally had many affiliates over the years promote my products for me.
Still another advantage of creating your own product is making a name for yourself.
As an affiliate marketer, you’re promoting somebody else’s product and in the process, promoting somebody else’s name. It is doubtful that anybody is going to even remember who you are after they’ve purchased the product from you. Think about it. Do you remember all the affiliate marketers you bought products from?
In addition to name recognition, there is also the opportunity for addition income. Each product you sell, if created properly, can lead to additional sales. I have some products that one $20 sale leads to another $200 of income in many cases. With affiliate marketing, these chances are limited.
Yes, creating your own products is a great way to earn a nice income online. However, product creation does take some doing. In my signature is a great guide that I put together with my friend Justin Michie on product creation. I am sure you’ll find that it’s the best guide you’ve read on the subject.
Why create your own products? I think the reasons are obvious.
To YOUR Success,
Steven Wagenheim
Complete Guide To Product Creation
http://www.stevewagenheim.com/productcreation.html
Tags: create products, Product Creation
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August 1st, 2008 at 1:00 am
Really great post, i need to read and read it again to digest all the information.
August 1st, 2008 at 12:55 pm
Great information, Thank You for sharing……….
August 1st, 2008 at 3:37 pm
Thanks for the tips. I’ll try to create one.
Gabriel Bianconi
August 1st, 2008 at 10:55 pm
One exception I can think of to not using your own created products in Wordpress - it has all the plugins and addons I can think of. When using it, I really feel like I have complete control.
August 3rd, 2008 at 4:37 am
Thank you for great tips.
August 3rd, 2008 at 8:20 am
Creating your own products is where the BIG money is made! So many people start off with Affiliate marketing… but why not start where you can make 100% of the profits?
August 3rd, 2008 at 7:32 pm
I am very impressed with your article. I found alot of useful information within.
Thank you.
Barry
August 3rd, 2008 at 10:26 pm
This is a great idea if you can bring it to fruition.
Jon Leger wrote a similar post recently.
It definitely provides the promise of far greater reward than most affiliate marketing programs since the affiliates will be working for you.
However, having your own product means that you have to lay out the expense and effort to develop it and if it fails you are the loser.
As the owner of the product, you have to directly take care of sales and handle refunds.
You also have to watch the competition and keep up to date. The effort involved may be worth it but it may be considerable.
Overall, it would seem this is the way to go to get to the top. However, one has to be ready for the requisite effort.
David Freitag
August 4th, 2008 at 1:46 am
Very informative and helpful article. It’s my first time to hear this kind of stuff. Creating your own product is really interesting and reasonable to try, aside from making your name known, you’re also making sales out of it. Brilliant idea, thanks for sharing this info.
August 4th, 2008 at 8:35 pm
Selling CB Radios and Antennas, I know this first hand.. When someone makes a quality product such as their own antenna design, they can pretty much name any price they want, however when you just resell commercialized products, your prices are being compared and beaten down by 100,000+ other websites!! Having the creativity and ingenuitity to create or build your own product is definately the way to go!
August 4th, 2008 at 11:55 pm
Thanks for the info. I’ll try this method
August 5th, 2008 at 4:00 am
Thank you so much for sharing this useful information with us.. I am first time on your blog and aftr reading this useful post I thnk now I’ll come regularly on this blog
Rohit Tripathi
August 6th, 2008 at 11:41 am
The Complete Guide To Product Creation is down. I will try google search to see how to create my own product. Thanks for the post.
August 7th, 2008 at 11:06 pm
Creating your own products is key to creating your own “PROFIT”, that’s for sure. The greatest thing is, you can enable an army of affiliates online to sell your product for you!
August 21st, 2008 at 9:45 pm
Thanks Steven for this information, i really appreciate sharing this useful tips.
Anyway i think it’s best idea to be sure earning your own income online