WANTED: Your Participation - The info in this post could make you money

Good question Michael...

I think my answer is more for the person that is looking to generate a consistent 6-figure income year after year using a reliable system.

I personally like a system where:

1. You offer a product that is already being searched for on Google.

2. You either go head-to-head with existing vendors and attempt to beat them based upon...
A. Better marketing/sales copy.
B. A lower price to the end-user.
C. Faster delivery.
D. Additional "bonuses" given.
OR
You offer a slightly "better" product at either the same or less money.

Heck you could actually employ both strategies at once via two separate sites.

3. Use a fulfillment company to process and ship the orders.

What kind of product should you consider offering?

My gosh with the ability to have just about any product under the sun made, improved upon or just "knocked off" let your imagination run wild!

Is this business model going to cost you some up front money in order to get it going? You bet. But if you played your cards right I'm sure it would cost less than $10,000 to start.

And if you don't have that sort of scratch to get it going use one of the other methods listed at the start of this thread. That's what I did, I sold info products mostly via ebay until I built up enough of an "investment war chest" which allowed me to take my business to the "next level".

But the fact is this type of business model can be used just about anywhere in the world that has Internet access.

Here's a real life example of how one business is using the net to access customers in a way that you would not have thought was feasible...

In my business I go thought a ton of address labels and for the last 2 years I've been getting them from this one website that offers reasonably fast service and decent prices... http://www.addresslabels4u.com/

Well come to find out they're located in the U.K. and they've done a wonderful job of selling to customers within the U.S. and Canada. Heck by looking at the site you wouldn't know they were based in the U.K. They have done a wonderful job at eliminating "borders", "oceans" and entire countries from the buying decision.

Michael,

Thanks for showing the vein of Gold.

1: Find what people are searching for; what people are buying; what Someone Else is already making money from.

2: Sell via the web.

3. Sell it with better marketing, lower prices, faster delivery, additional bonuses - or - offer a Better Version for the same or less money (maybe even a version you have made in India or Pakistan like my example showed or made locally).

4. Use a fulfillment company to Handle The Orders. Like dropshipping.

5. If lack of funds prevents you from starting, then Save money from Job or other Part Time Small Potatoes ventures until funds are enough to start (don't let lack of funds stop you). Step by wonderful step. GROWING the business.

So this Could enable you to MAL from anywhere. Meaning, there is no restriction on where you live to work this. And I assume, also, that general Marketing would include OFFLINE as well as on. Because, afterall, you are competing with all the other people who are selling it online so going Offline could give you an edge, right?

One method of finding what people are buying, or others are making money from, is to do a search and take note of the Google Ads. Then a couple of months later do the same search and see if the same people are still advertising. If they are, it could mean they are making money from it and it is a viable market.

Any other Methods or Thoughts you would care to share for Discovering what people are searching for or actually buying.

What I like about your steps is, because it's already being searched for and bought, there is Little Risk to get into it. There is still risk, but with a sea of buyers is it reduced. And what you advocate is slow steady progress not get rich quick hype, even though the end result would be the same as what is hyped.

Good stuff Mike.

Michael Ross

Originally Posted by MichaelRoss

Any other Methods or Thoughts you would care to share for Discovering what people are searching for or actually buying.

Michael,

Instead of adding that info within the context of this excellent thread let me start a new one asking the same general question to the whole board-- which has many smart business people, and lets see what sort of answers others chime in with too. Then add my own thoughts--OK?