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Bank With Your Own Product

Discussion in 'Making Money' started by 2011nfl, Nov 26, 2012.

  1. 2011nfl

    2011nfl Supreme Member

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    Introduction

    I see so many people here who are always asking questions like "what is the best affiliate program?" and "what offers pay the most?". Now there is nothing wrong with being an affiliate, or offering other peoples products, but there are more rewarding alternatives. You can create, and promote your own product and bank. So this is another one of my guides that will help you create and promote your very own product.


    Step 1 [Choosing your niche and product]

    First of all, you are gonna need to figure out the niche you are most comfortable with. For this guide, we will use "Foreclosures" as an example: Now that you have figured out your niche, you need to figure out what you want to offer within that niche, so we will use "Foreclosure Listings" as an example:


    Step 2 [Researching your niche]

    Now that you have a niche and product chosen, you will now need to research your niche. You want to google information that you can use in your product. So we will google "Foreclosure Listings". They key is to find free or low cost info that you can fit into your budget. Find a few resources, and bookmark the pages that you find the most useful. You don't want to use too much info from one source, because you want you product to be unique, so try to find several different resources to reference to. The best references to use are state and local references.



    Step 3 [Creating your product]

    For this step we will be creating a contact listing (since that is the product we chose). This is gonna be your product that you will own a promote, so what you want to do now is create a great product that will be useful to your clients. So for this step, you will need to follow the directions below:



    • Download open office (it is free)
    • Write a detailed guide explaining what your listing can be used for. (In this example, it is for finding foreclosures)
    • Then you want to put in the info you researched. (In this case, it would be contact numbers and addresses)
    • Also, with respect of the originating offers, show reference links. (At this point you have already made your money so it wont hurt you)
    • Export your file to pdf and save it.


    Step 4 [Creating your website]

    For your website, you want to write a detailed sales page that will attract buyers to your product. In this case, you would want to have pictures of nice foreclosed homes with low prices attached to the image. You want them to know, that when they purchase your product, they will be able to gain from it. It is also best if you are as honest as possible. Tell them that the resources in your listing are resources that they can find for free, but that you have cut out hundreds of hours of research to make it easier for them. Your clients will respect your honesty, and you will be amazed at how lazy they will be. They would rather buy from you, than to research for hundreds of hours. After all, time is money, and if a product costs $40 and saves alot of time, I would do the same thing. Below is a list of everything you need within your website:



    • Sales Page
    • Order Page
    • Thank You Page (also will be the download page, so this page should be invisible)
    • Contact Page
    • Privacy Policy
    • Terms of Service
    • SSL


    Step 5 [Promoting your product]

    This is the final step. In this step, you will thoroughly promote your product to potential clients. There are so many ways to promote a product, so below is a list of just a few ways. This is the step where you really need to think outside the box.



    • Classified ads
    • Forum posts
    • Blog posts
    • Social marketing (Facebook, Twitter ect.)
    • SEO
    • Email marketing (opt in lists, subscriber lists ect.)
    • Local paper ads
    • Flyers
    • Business cards
    • Banners


    Conclusion

    Now you have a product, and you have promoted it, and you should be banking in no time. Its alot of work, but in the end, it is well worth it. Have fun, and enjoy :)
     
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  2. Bi-IT

    Bi-IT Regular Member

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    The problem is promoting product - drive traffic lol
     
  3. acotut

    acotut Elite Member

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    As Bi-IT said above,the biggest challange in IM is driving targeted traffic.
    Yes,creating your own product will send you to another scale of monetizing,but dosen't matter how good your product is if no-one is going to see it.The best advice for newbies,is to promote affiliate offers untill they get confident enough in creating a simmilar product,else you might lose a lot of money and resources creating it.
     
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  4. 2011nfl

    2011nfl Supreme Member

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    True. That was all covered in step 5. Everything I mentioned in step 5 will drive traffic.
     
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  5. bigballin6161

    bigballin6161 Jr. VIP Jr. VIP Premium Member

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    I dunno about this. I jumped on the product creation bandwagon too wanting to drive traffic to it. The problem is....why wouldnt I just drive traffic as an affiliitate to a product that is already converting well. Those top products have spent 10s of thousands of dollars on sales pages/copywriting/graphics etc that I could never compete with. So for instance my niche was weight loss. Sure I made a really good product but it would never convert even close to the top ones out there so why wouldnt I just drive traffic to those as an affiliate?

    In my opinion product creation is very lucrative...if you have very deep pockets to get it off the ground, otherwise I would just stick to being an affiliate. The upside I guess is that you capture the email addresses when you sell your own product which is worth something, but if you really want that just use a squeeze/opt in and you would still be futher ahead with the high converting affiliiate offer.
     
  6. 2011nfl

    2011nfl Supreme Member

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    Understandable. On the other hand, I have created many of my own products and never spent more than a couple hundred dollars, and have made way more than I do as an affiliate. I do affiliate marketing as well, but I prefer my own products.
     
  7. mkbowers99

    mkbowers99 Regular Member

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    Agree with you on that mate. The problem is that you have ZERO control over the whole process. When doing affiliate marketing, you don't make the rules. I like to play the game by my own rules hence the reason creating a product and CONTROLLING every aspect of it will always return massive results.
     
  8. suga051982

    suga051982 Regular Member

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    Thanks to 2011nfl for this info. This is a topic that I have been playing around with for some time now. My biggest question is this:

    what do you use to process the orders?

    Do you have a merchant account? Are you using gaypal (some choose to do so)? This is the only part that has given me pause. Everything else I see as a "GO".

    Thanks again.
     
  9. 2011nfl

    2011nfl Supreme Member

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    Preferably, I like to use wufoo form builder to build my forms, then use their payment integration with paypal and stripe. Stripe is an actual credit card processor and it is simple signup through wufoo.
     
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