There was a lively discussion at the Warrior internet marketing forum
recently. It went back and forth between advocates of affiliate marketing
and those who were telling us it's better to have our own products. To me, the clear winner was: Create and sell your own products. But by way of injecting some balance into this report... 1. affiliate marketing is a great supplement and many marketers are doing
both - actually this combo is probably the best of both worlds, 2. it's also a great way to get your feet wet at the start, 3. affiliate marketing is a great way to learn some of the skills you'll
need as a product owner. If you ask me, you should aim to create your own product. Here are the
advantages: MOTIVATION. When it's your own business you are building, you're going to
be more motivated. Even if you haven't had a single sale yet, in your
self-talk you can be saying "I am building a six figure income business". PROFIT. You get the full profit - minus whatever commission you share
with your affiliates. However they are bringing you additional sales you
would not otherwise have had, so if your product is either low cost or
near-zero cost to produce (such as information products) then any business
that an affiliate brings you is additional income. MARKETING DECISIONS. You have your own product which you can promote
freely. You can vary the offers. You can add or remove bonuses. You alone
control the marketing process. PRICE. You set the price. You can also price test easily and check
whether total revenue is greater at a lower or higher price. SPLIT TESTING. You can easily conduct split testing by varying one
element of your sales page such as the headline, or even the color of the
headline. ACHIEVEMENT. With everything you do, you either achieve or else you learn
a lesson. Either way is good. BUYERS LIST. You build a list of proven buyers - this is your golden
list. In another series of articles, we look at the whole business of creating
your own products. Don't make the mistake I made earlier - become an avid
product creator. It's not as hard as you might think.
If you're looking for information on how to get started in your own Home
Business, the site also includes a list of ELEVEN ways to find a profitable business idea. Article by Gary Harvey.