| FEATURE GUEST
ARTICLE
Should I Sell a Product or
Service Online?
by Corey Rudl,
President, Internet Marketing Center
One of the first things you will have to decide when setting up an Internet
business is whether you want to sell a product or a service, both of which have their
advantages and disadvantages.
Products:
Advantage: unlimited income potential because you are not
constrained by time, the way you are with a service (the more product you sell the more
income you make - especially when you are automated).
Disadvantage: requires stocking and shipping (or
drop-shipping from a supplier).
Disadvantage: generally requires you filling large amounts of
orders to make a reasonable living, unless you have a product with a very high profit
margin.
Services:
Advantage: it is easier to make a profit quickly because the
entire price of a service is paid to you (except for any overhead).
Advantage: services can generate a great residual income
because the client may want to hire your services again and again.
Disadvantage: you are limited to a modest income because you
can provide only so many services each day (unless you hire employees to perform services
for clients).
In my opinion, selling a product online has, by far seen the biggest profit potential in
the long run. Once you get a successful product, you can automate the system and move on
to new products that will generate multiple streams of income.
If you need immediate cash flow, providing a service is the fastest way to produce instant
income... but it will never pay off as big, in the long run, as selling a product with a
high profit margin.
If you sell a service, think about how you can transform it into a product. One of the
best examples I can think of is regarding the people who submit websites to search
engines. Because the competition got so fierce and their business began to suffer, some
wrote and sold reports revealing how search engines work and tricks for getting sites
listed higher etc. The reports were priced at $20 -$100, and the entrepreneurs in our
example found new markets to tap.
Click HERE for more TIPS and our Home Study Course
-------------------------------------------------------------------------------------------------
Corey Rudl gets
over 6 million visitors to his websites yearly, does US$ 5.2 million dollars in sales
online each year (yes, that is US$5,200,000), and personally makes hundreds of thousands
of dollars from his online businesses... all from his one small office. So listen to what
he has to say as he knows what he is talking about when it comes to starting and promoting
a business on the Internet. He reveals all his unconventional tips, trick and techniques
with examples so you can learn most efficient and fastest way to make money on the
Internet. Go to Corey's Web Site now.
Also check out more
about Corey, the IMC, and his recent seminar in Malaysia!
-------------------------------------------------------------------------------------------------
BACK TO ARTICLES/NEWS |
