A Simple Product Creation and Product Launching Formula

If you tried to think of people involved in product creation, who would come to mind? You may think of Edison, Franklin, or maybe Henry Ford. Would you ever think of yourself as someone who can create a quality product? Product creation is actually relatively easy and product launching is not that tough either! If you follow a few easy to understand steps, you could be starting the product creation and product launching process sooner than you think.

The first step in creating your information product is to know and understand your market. This can be very time-consuming, especially if you are unsure of what to do or where to look to know your market. Studying your niche market and understanding the buzz words and buying patterns can ease the process dramatically. Personally, I would recommend networking with someone who has had success in the niche market you are considering and learn from their results. If they are into product creation and not very business savvy expect some hesitation. If they only sell products and have nothing to do with product launching or product creation you may your first affiliate (sales person)! Something else you can use to find hot trends is with the Google Trends tool.

The second step is the product creation process. Take your niche market and brainstorm ideas and topics relating to it. There are a lot of product launching contests going on recently relating to a newly created internet marketing tool. There are so many aspects to the mentioned niche that literally, and unfortunately, anything can be considered an Internet Marketing tool. The reason that anyone can basically create an Internet Marketing tool is because of something called Private Label Rights products.

What I use private label rights products for, and highly recommend them in this specific manner, is to cure writer’s block especially when it is lingering. Many people base their entire product creation and product launching on a private label rights product. This is where you can start to shine and build a strong brand for yourself. If you set goals for yourself, short-term goals to be exact, you can see your product creation come into being much faster and there is a good chance with less revision needed. If you keep hitting time restraint road blocks; however there is nothing wrong with a slow and steady approach, you can consider outsourcing portions of your project. Outsourcing can be an extremely huge benefit or just as great of a disaster.

You can find someone to outsource work to at a freelance site such as Guru.com or eLance.com. When reviewing proposals it is almost mandatory you perform a background check on them as you are in essence hiring them. Doing a background check on freelancers is as easy as asking for samples of their work and reviewing feedback on the freelance site from previous customers. Depending on the size and requirements of your project this can add up to a decent sized investment, so caution is very important. One tip I always recommend to people looking to hire an individual is to ask them what they can provide you that no one else can. This simple question gives them a chance to “toot their own horn” and acknowledge where they feel most competent as far as their skill set.

The final portion of the product creation and product launching formula is the launch. This can literally make or break the effort, time, and maybe (if you invested) money you put in to your project. There are numerous aspects to product launching and although their relevance is debated in terms to their effect, experts agree all must be followed. The person in your field who you asked for product advice from can help you substantially if you have kept in touch. If not, the first thing you need to do is to create a visually appealing website with flawless design work.

I also mentioned outsourcing before, this is one aspect of product launching I have little strength in and I always outsource this portion. The website does not have to be large however the content (ad copy in Internet Marketing) must be stellar and as perfect as possible. This is where advertising knowledge or experience is beneficial. When the site is set up you now put a lead capture form on your website.

I put two lead capture pages on all products I create on the internet and is one of the best methods of getting a solid start when you are in the product launching stage. When you gain information from a prospect or someone looking to get paid for referring sales you are able to provide them updates or specials. Many people abuse their prospect or affiliate lists by in turn emailing them with a new product daily and I find the recommendations to be totally unrelated to their original need, problem, or interest.

Another stage in the product launching stage is creating a free report or demo version of your product to entice the product to sign up to your email list. Using proper follow up with this can help generate numerous sales for you. One thing you need to ensure is that your free product completely relates to your main product that you are looking to sell.

You are now ready to advertise your product launching to customers as well as the opportunity to sell for affiliates. This is the single aspect that many product creations and launches fail on. It is actually not entirely difficult. One thing you can do is write articles (and a good amount of them) on topics relating to your product. I am a huge advocate of giving a solution in forums. When you join a forum you are normally offered the opportunity to create a signature. In your signature, you should enter the link to your opt-in or lead capture page. When you respond to posts, you are advertising your opportunity.

It is not impossible to create a product and it does not have to take a long time. You need to setup a plan and stick to it. If you get stuck, look at similar and successful products to your own and try and see how they did it. When you sit down and brainstorm you will be surprised with what you can imagine.

The Benefits of Starting a Personal Home-Based Business

85% of Americans would love to earn money from home. Many people hear about home-based businesses constantly, but don’t understand the concept enough to follow through with their curiosity. The benefits of starting a personal home-based business are numerous, personally appealing, and cater to a lifestyle that many people never get to experience.There are four top reasons that most people don’t create their own home-based business. Four reasons that are rarely true and can all be avoided with the proper instruction and teaching.
High investment financially.
Too much time required.
High risk with no payout.
Complete lack of knowledge in the area.
These reasons are understandable, can happen, and have happened to many people. It’s sad to say, but there are likely more scams on the internet than actual income generating opportunities. That’s just how the internet works, and we’ve learned to deal with it. All four of these reasons can be false however, and easily corrected. You simply need the right opportunity, one that’s not focused on taking your money from you.There are countless ways to make money on the internet. You can create your own product and market it, perform tasks online, offer writing services, the list goes on and on. The most lucrative and appealing form of internet income is network marketing, or multi-level marketing. This is not a pyramid scheme, cold-calling, or door-to-door work. It is legitimate cooperation with a business or company to represent their company/products/services to others. You create sales, and in turn get commission from those sales. Network marketing is nothing new, and has been around a very long time. The benefits of starting a home-based business utilize the internet along with network marketing and create an unlimited funnel of personal wealth. This could be MLM, affiliate marketing, a personal business, etc. The benefits discussed below apply to all.The benefits of starting a personal home-based business:
No boss (plan your own workday, monitor yourself, set priorities)
No income ceiling (unlimited income potential)
Self-satisfaction (you create the business, you get the credit)
Work with people you like (no difficult coworkers, no office politics)
Flexibility (work whenever you want)
No commuting (save time and money)
No office expense (quicker profit)
Security (no layoffs, no downsizing)
Tax deductions (home office, car expense, medical insurance, phone, entertainment, travel, education, etc)
Better retirement plan (SEP IRA’s and Keoghs let you deduct a higher percent of business profit from your 401k)
Now the list could go on, but I’m sure you get the idea. You are the owner, the employee, and the CEO. You decide what to do, when you want, and how to do it. Do you want a website? Do you want to promote offline as well? It’s all up to you. Network marketing, or MLM, has some additional benefits that are worthy of mentioning as well.Additional benefits to an MLM opportunity:
Low start up cost: Start programs free, invest a little, or invest a lot. You determine what you’re paying. Most businesses take thousands of dollars in capital to begin.
No expensive training: You can find all of the information and training to have a home-based business online. Just like any area of study, you will have to learn new things and be eager to better yourself in the area of home-based business.
No administration hassles: You’re self employed, but you’re a rep for an established company which handles all the product selection research and development, shipping, warehouse, etc. Basically, they did all of the typical business hassles so that you don’t have to. This is an awesome thing.
Keep your regular job: No one has to know that you’re working at home. If you’re not seeing income right away, nothing is making you quit your regular job. Until your “part time” income is high enough to replace it, you can manage both at once.
No expensive tools necessary: A computer is all that you need. Your most critical tool is people skills, and you’ll learn those more in-depth along the way.
Residual Income: You profit from the product purchases and sales of everyone in your group. Nothing is more important to your financial future than the residual income concept. It’s an aspect that makes MLM so unique and appealing.
Keep in mind that you can do anything your heart desires to make money online. I am simply highlighting the benefits of starting a personal home-based business for you to see the potential that it has for anyone, experienced or not. If you’re a complete beginner in online sales, a program called Internet Income University will teach you everything you need to know along the way, while helping you to earn money simultaneously. And it’s completely free. Even professional marketers have signed with this program because of the lucrative F.A.S.T. Income Plan they get you on.If you like talking to people face to face, you like the idea of traditional network marketing. You enjoy that personal touch that you can add by conducting an in-person meeting with someone. Don’t get me wrong, you can still profit by marketing online at the same time, that’s the beauty of MLM, you can promote however you want! A top-notch fitness company, Team BeachBody, encourages both offline and online promotion. Discuss it over dinner, refer people to your personal web page for it, or promote it through your Facebook page, it’s all up to you.The benefits of starting a personal home-based business are almost too many to discuss. It is a world that is literally at your fingertips, and ready to be used in a unique and personal way to generate even more income. You’re the boss. Now start your home-based business today.

Effective Marketing Strategies in Product Creation

Marketing includes matters such as pricing and packaging of the product and creation of demand by advertising and sales campaigns. There are other options, of course, like product creation, resale rights marketing, joint ventures and the likes, but they are merely secondary to the above.

If you take the freelance route, it is important to ensure that all rights to profit from the final product, or any materials produced in its making, remain yours. Bookkeeping, physical product creation or delivery of goods can be done better with specialized help. Determining the purpose of the product is vital in niche product creation.

Implementation of Methodology – The choice of implementation of Six Sigma methodology depends on whether development is required on existing processes (DMAIC) or on new process/product design creation (DMADV). Determining what you really want to sell, something that you can be relaxed selling is the first step at the creation of a niche product. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts; to complete turnkey solutions, there is no excessive need to worry about spending time on the actual product sold to the customer.

For instance, you should be prepared to either perform yourself or to subcontract the completion of the following tasks:- Product idea research (are there any existing products or patents already existing for this idea)- Product specification document training (what it will do, how it will look, how will it be powered, and how the user will interface with it)- Marketing study (what it will be named, who would buy this, how much would they pay, how will we get customers to purchase the product)- Schematic or electronic circuit design process- Creation of a bill of material or BOM and an approved vendor’s list or AVL for each component in the design, preferably with multiple sources identified, with a BOM and AVL for each assembly level in the product- Printed circuit board layout design process (single sided board, double sided board, or multilayer board; size of the PCB; board material)- Mechanical packaging design with user interfaces (displays, buttons, switches, key. This removes all product creation costs from your budget as a marketer.

No other database of affiliate programs offers such a possibility for profit on either the affiliate side or the product creation site. Your chosen niche should allow for the creation of more than one product or service.

There are several marketing strategies that are necessary in the creation of a successful e-commerce web site – Email marketing (broadcasting) of prospects/customers – Effective use of auto responders (generate automatic email messages) – Online Newsletter – Online Form / Survey to capture your prospect’s email address – Electronic Product Delivery (if you sold a digital product) – Advertisement (Ad) Tracking – Back End Sales – Affiliate program etc.