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SOWPub Business Forum Seeds of Wisdom Forum |
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Re: Specialty Products vs Info Products.
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Gordon, If the recent news of the many retailers downsizing or closing their doors is anywhere near correct, you wrote a great post. In fact, it is spot on. Let me offer my opinion. I make no bones about the fact I own an insurance agency. The number of employees is zero since, as an owner, I am not an employee and I don't have any agents. I also don't traffic in retail type profits. I write a piece of paper, send it to the underwriter who either approves it or rejects it. If approved I get paid. If not, I don't. No inventory, no products, no nuthin but my pen and an app. Of course I spend my time and effort in finding clients but so do hotsheet publishers and retail outfits. I'm not saying anything negative about hotsheets or other information products. Use to sell one until I got stupid and lazy and pulled it off the web. My loss. Plus, once you buy, I get paid for up to 10 years depending on the company and if you keep the policy that long. Not a bad APV or hotsheet biz, right? Anyway, you make a good point and just pointing out there are more ways to skin a cat in this ole world. Here are 2 others I do as a sideline: Energy conservation Loans A guy can make a nice living never having even one product to sell. Simply finding the audience and making them aware of your wares is enough. Keep up the mind candy. We need to hear it. |
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