Alexis Dawes created a product called “Desperate Buyers Only”. I interview her for an upcoming case study on Inspiring Innovators, where she mentions that she is able to make up to $97 from ebooks as small as 12 pages. The key? Finding people who are incredibly desperate for the information you provide and then doing good research to find a real solution to their problems. The result? Happy customers whose problem is solved, and money for you — a win-win situation! Caveat: It may be tough to find a real desperate buyer niche (Alexis reveals some in her case study). Here are some hints: When were you last in a situation where information would have either saved you a lot of money or a lot of pain? Has someone else close to you been in a situation where they could have used information to avert pain? Think legal, medical, and financial niches.
With drop shipping, you’re effectively partnering with a manufacturer or wholesaler to sell their products. This way, you don’t pay upfront costs to buy inventory, aren’t sitting on unsold items taking up expensive warehouse space, and don’t have to deal with shipping the products yourself. You simply create your site, fill it with drop shippable products, and drive in customers, with almost everything else done for you.
Today, if you're at all serious about succeeding in any endeavor, whether online or offline, you have to deliver enormous amounts of value. Yes, you have to do the most amount of work for the least initial return. This is especially true online. Why? Because it takes time to build authority and create an audience, two primary ingredients necessary to succeed in the wonderful world of commerce on the web.
I launched my own online marketing agency in 2010, but I didn’t launch a real online product until a few months ago (Millennial Money Course). My co-creator Matt and I had a phenomenal 5 figure launch the first few days (and we launched on a holiday weekend because we wanted to control the sign ups). Putting together the course was an insane amount of work, but the best thing about creating a digital product is that you only have to create it once and then you can keep selling it. There are some people, like my fellow personal finance blogger Michelle, who absolutely kills it selling online courses – she makes over $100,000 a month on her course! Insane.
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I make good money thieving. I only work a few hours a night, and you can make anything from a few hundred quid to a few thousand quid. You’ve got to have a bit of bottle and be able to look after yourself. If you think you’ve got thr guts to do it? I highly recommend it, I mean it’s got to be better that spending hour after hour on a PC, making small chance, how boring is that?
iStockPhoto is just one site that allows you to sell stock photos; there are others. Before you decide to go crazy and upload your whole album, take note of what’s selling well and try your hand at doing something similar. iStockPhoto also works for those who know how to render images; some of their most popular images were created on a computer! Have three killer stock photos ready for iStockPhoto’s inspection; they will want them when you sign up.
Fiverr forces people to wait anywhere from 2 weeks to a full month for their measly five bucks. Yes, thousands of people have reported having to wait for their money even though Fiverr GETS PAID INSTANTLY by the person who is buying your service. So, basically you are expected to provide the buyer with your service right away, and Fiverr instantly gets paid by the buyer…. but then Fiverr feels like holding onto your money for weeks.