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Featured Tips by Ellen Zucker
PLR (private label rights) products as an entree into the world of internet marketing intrigued me when I learned of it. Much of the work of creating the product is already done for you, so it gives people, particularly internet marketing novices a good starting point. So I decided to give it a whirl.
I just completed my second PLR product and I wanted to share some of what I have learned from the process in the hope you’ll find it helpful.
Some people use private label rights products as a way to explore the viability of particular niches. If your explorations go far and wide you’ll have lots of products scattered in lots of niches all over the place. Then if a particular niche proves to be promising, you can focus in on it.
Nonetheless, there is a large downside to scattering your efforts. If your PLR products are scattered in different niches you have to market each from scratch. When they are in one niche you can leverage the marketing and you’ll find yourself in the happy position of being able to offer back-end products. So the lesson here is to find a niche as early in the process as possible–once you are certain there is a market for your products.
Once you get going, keep the products coming. Some marketers recommend that you have other products in the pipeline even before you finalize your current product. This is a good strategy because you’ll always have something going. But don’t be tempted to give the current product short shrift in the marketing area because you are so busy developing the new ones.
That’s because the dirty little secret of product creation is that if you do it right, you’ll spend at least as much time marketing the product as developing it. In fact, it is your marketing, as much or even more than the product itself, that will determine its success.
So how do you fit everything you’ll want to do in a day that only lasts 24 hours? Here are some suggestions.
* Outsource all the techie stuff. Let a webmaster create your website and set up your shopping cart items. Your time is better spent on product development and marketing.
* Be organized. Good organization will save you lots of time and headaches.
* Plan ahead. If you are going to do a seasonal product that is highly time-sensitive, give yourself plenty of lead-time so you can get it to the market in time.
* When choosing your PLR product, find one with lots of extras. Most come with a sales page and some graphics, but some include extras such as pre-written e-courses, suggested keywords and Ad-Word text and other goodies.
* The best piece of advice I can give you is that having a system and being organized really saves you time when developing and marketing your private label rights product. I found that one out the hard way (smile).
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Does the idea of developing private label rights products intrigue you? Subscribe to this FREE, content-rich newsletter and learn about this and other ways to be successful online from veteran internet experts. www.plrlearnhow.com
The best way to make money online, bar none, is to have your own product to sell. Of course, it helps if that product is something needed, and if your niche is willing to shell out money for it. There are some important factors to look at when creating a product. Let’s take a look at how you can come up with your own wildly profitable product to sell online.
First and foremost, the biggest mistake most product creators make is creating a product first and attempting to find an audience second. You should actually go about this in reverse. Find a market, with an audience of thousands of people who want something, and then create a product to fit their needs. This is a simple tip, but the most important one as far as having a product that is profitable. Thousands of unwanted products sit online everyday and never make a sale. This problem could have been remedied with a little research first.
Secondly, try to find not only a market that wants something, but a market that wants it desperately! Information products do especially well on this point, and many of the most successful products are merely those that were marketed correctly to a desperate audience. As you may know, internet marketers are desperate to make money online. When was the last time you spent $97 on an e-book to help you do so? Teens and adults who suffer from excessive acne are desperate to learn about what lifestyle changes or miracle cures are available to clear up their skin. Someone worried about a pregnancy, a wedding, or a divorce would be desperate to get quick access to answers to the questions they have. Pick a desperate audience and supply them with the answers they want, and your product will be a winner!
Finally, be prepared to step outside your comfort zone. Maybe you found a market for some information that is simply not within your knowledge zone. Spend a couple of days researching that topic, via Google, online forums, professional help articles, and through any other means at your disposal. What you will find is that in most cases, you can gather the data you need from many different sources and then piece it together into one cohesive product fairly easily. It’s not that most buyers couldn’t do the same thing, but they’re paying for the convenience of instant answers and not needing to research ad nauseum. If two days of research yields you ten years of product profits, isn’t that a worthy investment?
So keep in mind, the most important part of product creation is to discover a product that needs to be created! Find a market that is looking for something, and fulfill that need. Then begin your online marketing efforts, and watch the cash flow in! I wish you luck in your endeavours.
Information products, generally known as reports or e-books, are one of the most profitable products you can sell online. There are many reasons for this – development price, printing costs (or rather lack of printing costs) and ease of distribution. Internet users have become very accustomed to e-books and short reports as a form of online product, and are more than happy to pay for the information they want. As everyone has something they know more about than others, this puts you at an advantage. Let’s learn more about how you can profit by creating an information product.
Here are the basics to creating an information product. First, pick a main topic, something you’re at least somewhat familiar with. Next, search online and find any forums, communities, or question boards that deal with your topic (or a subset of your topic). Read through some of the questions that are asked, and attempt to nail down a specific problem that many people need the answers to. Research the topic more, discover the answers and other, related information that may be of use to these people. Open Microsoft Word (or something similar) and write your report, e-book, or whatever you’re creating. If you are a programmer, you may actually be tackling problems by creating a program to do so. Complete your product, place a sales page online, and drive the people who want the answers in your product to your site.
If you are creating an e-book or short report, you may well wish to create it in Adobe .PDF format. This is simple enough, as there are several free or inexpensive options. I use PDF995 (www.pdf995.com), which is free, easy to use, contains no watermarks or penalties for not registering, and creates a professional product. If you already own Adobe Acrobat, so much the better! Users are far more accustomed to downloading a PDF than a DOC file, and many people don’t have Microsoft Word, nor realize that there is a free DOC reader available online.
If you are creating a software package, debug it until the point where you can’t break it to save your life. You may not get a second chance to maintain your buyers, and if your program crashes or appears unstable, many of them may immediately request a refund. They may also be wary of any products you release in the future. Make sure your program is stable, works properly and answers the basic needs of your target users.
Finally, always offer a refund policy. Many people will not buy without one, as they don’t know you from John Doe and have no way to know if you are peddling gold or peddling crap. A refund guarantees, in their minds, that there is no risk involved with purchasing your product. In my experience, refund requests are nonexistent, although if you do not satisfy your customer with your product, I’m sure refunds would be more frequent. However, even really terrible products have a relatively low refund rate, so always offer one.
Good luck with your product creation, and I wish you success!