money on their first, second, and third sale to a customer. They don't earn a
profit until the fourth sale to the same customer.
What if you had to live with those numbers? Could you survive if you
didn't make at least 4 sales to the same customer?
If your answer is no, then it's time to do something about it today. You
should be building offers for other products and services right into your
current products and your email follow up.
There are three ways to get products:
1.
Create products (create new ones).
2.
License products (buy rights to someone else's).
3.
Joint Venture products (become an affiliate).
I make money all three ways in my business. I have all the products I've
created and I also have products I've licensed. As a matter of fact, three of
the products I sell through my affiliate program are licensed ones:
Paperless
Newsletter, Information Marketing Business In A Box, and Creating and
Selling Information Products to Make You Filthy Rich
.
If you need a backend in a hurry, you'll probably either license your back
end products or joint venture them. Creating new products takes a while and
you have to get a backend in place today to earn a good income online.
The most common form of license for a small business is a reprint rights
license. You pay a large fee upfront and then have the reprint rights to sell
this product and keep all the money. You duplicate the product and send it
to your customers.
There are also resale licenses where you pay a fee and are allowed to resale
the product. You sell the product and keep most of the money. Then you
forward 20% or so to the product developer who then sends out the product
for you. You get to keep most of the money (in this case 80%) and they do
all the fulfillment. The package I have over at
WebReprintRights
is that
type of license.
If you don't have money to buy a license, then you can also join affiliate
programs. There are tens of thousands of affiliate programs in every niche
so you're sure to find ones which apply to your products and services.
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