Info-Product Entrepreneur -- or Info-Product Huckster?
Tuesday, August 11, 2009Info-products, especially e-books and video courses, are everywhere on the Internet these days. A handful of them are excellent products in which the information is well researched, is very useful and is presented in a professional and attractive manner. Buying and reading one of these info-products is very rewarding, making you glad to spend the money and giving you confidence in the provider's expertise.
Unfortunately, most of the info-products out there are just junk. Research is minimal and usually limited to searching through internet articles. Information is often incorrect or not very useful. The writing and presentation is amateurish and sloppy. Purchasing one of these info-products is not only disappointing, but also leaves you feeling swindled.
The people who provide the first kind of info-product are true info-product entrepreneurs. They understand that a happy customer is a repeat customer. By impressing customers from the very beginning, these entrepreneurs create a huge market for additional products because their customers trust them and rely on them for good information. Their revenue streams continue to grow and grow.
The people who do a good job selling junk disguised as info-products are nothing but hucksters. They are like the snake oil salesman of lore who rides into town, sells all his bottles of tonic water disguised as a miracle cure, then leaves town never to be seen again. Info-product hucksters hire "writers" in India to write 50 pages on a topic for a $100 or so, then try to pass it off as the revelation their customers have been waiting for. They sell a few thousand copies, then move on to another popular info field and start again. They may or may not be around to dole out the many refunds that get requested.
If you're going to go through the trouble of creating a product and creating a market for it, you might as well create a quality product so that you don't have to start all over again to build your market. All the best info-product "gurus" tell you this: Most of your profits do not come from your first and main product; they come from the second, third, fourth, and fifth products. That's because it costs a whole lot less to market to a group of people who are already loyal to you than it does to reach out and find a new audience that may be interested in your product. Less marketing expense means more profits
The additional products are also more profitable because they can carry a larger price tag. When you've proven reliable on products with smaller price tags, your customers are less hesitant to buy more expensive products from you--because they know they can trust you. Of course, you have to prove yourself again and provide a product with the quality to support that higher price tag.
If you're in the info-product business--or want to be--plan to be a long-term info-product entrepreneur--not a short-term huckster. Life is easier that way, and more profitable.
***SELF PROMOTION***
I've written many top quality information products for entrepreneurs who are making excellent money online. Shoot me an email today at john@fikopy.com or call me at 419-371-2302 and we can talk about what it will take to make you a successful info-product entrepreneur with a reputation for being an expert in your field.
Labels: Content, Internet, Marketing, Product Quality, Research, Web
posted by John E Fike @ 7:43 AM,
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