One of the reasons why 90% of people fail on the internet is because they expect to get rich off one product. Most people start off selling an ebook, an audio file, or an affiliate program and get paid $20 for each unit they sell.
Little do they know that how the REAL big money is made is with a line of backend products. Specifically, products that are higher end and have a price point that is a few hundred dollars.
I am sorry for bursting your bubble if you had high hopes in becoming a millionaire with one measly ebook, but it is better if you knew right now and plan for the future than being left with empty pockets and an empty bank account in the future.
Most of people assume that one ebook is going to make the rich! Unfortunately that's not the case because it's too low end of a product. For example, if you were to depend on that $20 e-book to make $100,000 per year you will need to sell 5000 e-books before realizing your lofty goals.
That's going to take some time. What most people don't realize is that they really need a higher end product to sell their list in the backend if they want to make bigger money a lot faster!
Let me drill this concept into your mind, the REAL big money is in selling high end back end products that sell for a few hundred dollars. The front end product like your ebook or audio file is just chump change! Let me clarify this for you. If you want to get to $100,000:
For a $20 product, you need to sell 5000 units For a $50 product, you need to sell 2000 units For a $100 product, you need to sell 1000 units For a $500 product, you need to sell 200 units
But if you were selling a $1000 product, you need to sell ONLY 100 units! So think about it, if you sell ONLY 100 units of a product that costs $1000 you make $100,000 and you skyrocket to the top 5% of income earners in the United States!
Plus you don't have to handle more refunds, customer service and complaints, etc that is usually comes with thousands of customers. So please, if you expect that $20 product is going to make you rich – SNAP OUT OF IT! Go find a higher end product to sell, if you want to make money the way the big boys of internet marketing do!
Article Source: http://www.BharatBhasha.com
Article Url: http://www.bharatbhasha.com/ebusiness.php/60604
Article Added on Thursday, May 3, 2007
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| About Author Alan Quan : |
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Alan Quan was in the internet marketing trap of selling low end products online. No matter how much products he sold, he couldn't make serious money like the big boys of internet marketing. Luckily he found a system that allowed him to sell a high end product and he is now teaching struggling internet marketers how to do the same. Visit his website at http://www.e-bizcoachalan.com and find out how to make $7617 PER DAY with the internet.
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