Let's jump right in.
You can service your target market by developing your own product. Whoa! Hold on Cal, that sounds like a lot of work.
It could be easier than you think.
You have done research to determine your target market; have started searching for products that are in demand within your target market. Now ask yourself, do I possess knowledge the market wants? Could I develop software that would help the target market accomplish a goal? Do I have a hobby or skill that produces a product this target market would be
interested in?
Example: A woman I know makes beautiful jewelry. She has began to market her jewelry online in the same way you would market an affiliate product. In three months time, her income from sales has reached over $3,000 per month. Not bad for promoting an item online that she thoroughly enjoys produceing.
If you are interested in developing your own product, start thinking outside the box.
Buying Wholesale and Selling Retail
The practice of buying products wholesale and selling retail has been a standard practice for years. Both offline and online businesses use this method. Basically you would locate the manufacture of a product that would service your target market. Negotiate the lowest price; market the product at a higher price to your customers. Sounds simple and the process can be simple.
This practice is not highly recommended to new online marketers. The number one reason is, it takes a lot of capitol. The general consensus is; when getting started why not play with someone else's money.
Tomorrow we will discuss, Buying Resale Rights.
Cal Hardesty
mlminertia@live.com
http://twitter.com/calhardesty
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