Most Profitable Internet Product
Most Profitable Internet Product
By Wayne Van Dyck
The best and easiest way to make money online is by selling an information product that can be completely delivered electronically. This eliminates the shipping or fulfillment fees that consume your revenue. Electronic products are easy to produce and it’s not necessary to get anything published. Another excellent reason for selling products online, aside from it being free, is that their delivery is instant. Selling products online is completely automated or hands free. So what type of products can you sell electronically?
Selling software online is excellent because new software is always necessary. Programmers at local colleges come cheap, if you have the funds. If you do not have extra funds, you can simply cut them a profit for the first year or two. In the end, you will still earn more than your expenses.
Writing an eBook is extremely easy. People are always looking for information. They much rather find a nicely packaged info packed eBook since it is so much easier than doing all the research themselves. These eBooks sell like hot cakes and you do not have to worry about printing costs, editors, or many other hassles and headaches that come with printing a book.
Also, by starting a newsletter on a highly popular topic, you will bring in a lot of people quickly. You can have these people submit articles themselves too, which will add to your website content. You just need to make sure the information they send is reputable and valid. Later, you can offer paid subscriptions, advertising, and product promotions on your website. This will drive traffic to your site and cash to your bank account.
With members only web sites you offer the customer a service each month, week, or day and in turn you charge them a nominal fee. As long as you are serving your customers with intensity, you will keep them happy for a very long time. This is very labor intensive but the results are well worth it.
So, as you can see, you could offer a service on your website, such as piano lessons or animal care, but that would mean that you would need a lot of resources, employees, expenses, etc. Selling an electronic product online is easier for someone just starting out as an entrepreneur.
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Wayne Van Dyck is a former venture capitalist and builder of offline technology companies. He is the founder and developer of Simple Money Machines. Simple Money Machines is all the money making technologies in one, easy-to-use, hosted application… enabling non-technical people to set up online businesses in less than 30 minutes. It's made for people with 9-5 jobs, retired folks, stay-at-home moms and college students. To get a FREE copy of “STARTING A HOME BUSINESS MADE SIMPLE", go to: http://tinyurl.com/ykyoqx.
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About the Author
Wayne Van Dyck is a former venture capitalist and builder of offline technology companies. He is the founder and developer of Simple Money Machines. Simple Money Machines is all the money making technologies in one, easy-to-use, hosted application… enabling non-technical people to set up online businesses in less than 30 minutes. It's made for people with 9-5 jobs, retired folks, stay-at-home moms and college students. To get a FREE copy of “STARTING A HOME BUSINESS MADE SIMPLE", go to: http://tinyurl.com/ykyoqx.
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