A mistake all beginners make when trying to make money online is that they want to market a product that will make them the most money per sale. 99% of the time, that means the product is EXPENSIVE, and thus drawing less buyers. As a beginner, you will notice, you are not an expert in making the most money online. What did I do as a beginner? I marketed a product that sold for $200, where I would receive $100 per sale. Do you know what happened? I made no sales of that product over a month. I did begin making money, selling a $5 product, where I made about $2 per sale. Granted, each sale made me almost nothing, but the advantage was big. The cheap price lead to many more sales. I made $30 in three days with it. This may sound like only a little bit of money, but it was a start. Using a low cost product to make money online is key for beginners! It allows you to tweak your styles without much affect. The phrase “the product sells itself” is true to an extent. The less it costs, the more it sells itself. The more costly products require more marketing skill. For example, people are prone to buying a $5 product, for the fact that it is cheap and they are willing to determine it for themselves. But selling a $200 product, THAT IS AN INVESTMENT, and people are unsure. Your job is to convince them to be sure and to buy. As a beginner to online marketing, you will not likely be very good at convincing people.
When you market that $5 product, you can tweak your ways without big affects. And if you notice that sales skyrocket when you tried something new, then you have made progress. This shows you that you have found a tactic that works well. As you try these new tactics, you can often find what works and what does not, while still selling the product well.
So as a beginner, be sure to try a cheap product and new tactics, it may result in more sales.
3 comments
Comments feed for this article
December 13, 2007 at 2:33 pm
Making Money Online World
Hi there, i think this can be a good tactic when starting out as there is low risk involved and with each small sale made you will be able to find out what method worked and what didn’t.keep up the good work.
December 22, 2007 at 2:27 pm
Bob Sherman Internet Marketing Pro
When starting out in online marketing you’re going to make mistakes–lots of them. Most people start by trying to “sell” a product. But, most people are “wise” to anyone trying to push a product.
Sales, especially of higher ticket items, are made after establishing a relationship. As a beginner gains some experience he or she will begin creating an opt-in list to provide the opportunity for repeated contacts.
With an opt-in list you can send out a predefined series of autoresponder emails as well as periodic broadcasts like a newsletter. This helps establish a relationship with your list. As list members get to know and trust you, they will become more receptive to your product recommendatins and will buy what you recommend. This is were the real money is found on the Internet.
How quickly you graduate from trying to sell a product to “relationship selling” is up to you. But, if your goal is to sell high ticket items, building a relationship is the best way to achieve success.
January 28, 2008 at 3:38 am
Chance R
Hey Scott,
I ran across your youtube page. Your videos caught my attention. I want to try and make money online to help me throught college. my question is what program should i get first? You talk a lot about average joe but you also talk about profit lance… They bought sound good to me. average joes is more appealing because of the price thought.