Module 7: Becoming A Vendor
Why Being A Vendor Is So Great • • • •
You focus on your product Others focus on marketing An army of marketers Multiple streams of revenue
Product Ideas • • • •
What do you like to do? Bookstores/magazines Forums Amazon.com
Product Creation – Fast & Cheap • Elance.com, RentACoder.com, Guru.com • Don’t take the cheapest bid • Work out details until you’re comfortable
PLR – Instant Products • Private Label Resale • You instantly own a product • You can rebrand and sell as your own • Pay a little to redo graphics
Affiliate Networks • ClickBank.com • CJ.com • ShareASale.com
Networking • Visit conferences and make contacts • Offer to help THEM first • Don’t approach JVs with nothing to offer
OTOs, Upsells & Mega-Profit • One-Time-Offer • Upsell • Once they decide to buy, push them a little • Fast-food chains do it, car salesmen do it – you should do it too • Increase profitability by 100%