In part one I discussed using Fiverr to create your own product. In part 2 I will talk about what the costs and benefits of product creation could be.
So you’ve had your good idea for a new product in your niche and you’ve broken it down into stages that can easily be outsourced to some favoured Fiverr gigs. You’ve got a decent looking sales letter, some graphics and a catchy title for it all. It’s probably cost you less than 20 gigs ($100) to get everything together – maybe less if you’ve done some of it yourself. Now what else will you need spend money on?
A domain name and some web space will certainly be on your list. You need somewhere to run your product from. If you’re not a web page wizz then how will you get your site set up? Why do you ask. You know where. Fiverr again. Yes there are people who will set up a basic web site for $5 a page, and for this you’ll only need 2 or 3 pages. A sales page, a download page and maybe a contact page – the bare basics.
Now to sell a large number of your product you need your own army of affiliates, but how do you find them and how do you manage them? The easiest answer is… You don’t. You hand your product over to an affiliate company, possibly one that you already deal with – Clickbank. It will cost you $50 to put your product on to Clickbank but then all you have to do is decide a price and how much you want to share. 50% to 70% is quite usual and if your product gets popular then sales of thousands of copies is quite possible. Compare that to you selling a couple of dozen or so copies of somebody else’s ebook.
You will still have to let people know your product exists and it is better to let them know they can be affiliates for your product rather than selling it through your own affiliate link. The more people you can get interested in selling your product for you, the better it will sell. More sales means a higher gravity in Clickbank and so it will appear in more people’s search results on the site, which means more sales.
Think about things that other producers have supplied to you as an affiliate that make advertising it easier, and supply it to your affiliates too. Graphics, emails, letters, all the other items that make the seller’s life easier, will all go to making your profits larger. Once all these things are prepared and the sales are under way, you can pretty much move on to your next product idea with only a bit of product support to deal with, everything else is dealt with by Clickbank, including issuing you with the cheques for sales.
And it all started with a product idea and some research on Fiverr.