The Blockbuster Benefits Of Selling Information On The Net
Rabu, 05 Maret 2008 | | |An entrepreneur on the Information Superhighway sells information, in fact, almost all successful online businesses sell information in some form or another.The most famous example is Bill Gates. He has become the one the richest man on Earth because he sells software, which is an information product. So what’s the big deal in selling information products online? Let's check out some of the benefits in doing so - 1) Low Start-up Costs In comparison to a traditional bricks and clicks business, an online business requires low start up costs. For example, a franchise will set you back as much as $500,000 or more just for the rights to get started. You can start your own information business for less than $1,000. 2) Low Inventory Costs You keep little or no inventory. Most information products can be produced and compiled into electronic format. As you can see, today information products are ebooks, manuals, as well as software. You have no inventory cost except investing in some software in the first place. Compare that to a traditional publishing business which might cost you thousands of dollars just for printing, labor, storage, etc. Don't overlook the cost of shipping in a traditional business. Just imagine how much money you might lose if the order was returned due to credit card fraud, a customer request for a refund, or product damage during the course of shipping? On the other hand, the delivery of electronic information products is safe, it is instant, and it is online. The only costs you bear are for web hosting and insignificant credit card processing fees. 4) High Mark-Ups Information products have a high mark-up because customers are not paying for the format in which the products are delivered. They are paying for the valuable information contained within. Actual production costs are irrelevant and can not be applied when dealing with these types of products. 5) Your Business Runs Entirely on Autopilot! Your whole business can be set to run on autopilot, right from customer follow-ups, to taking orders, credit card processing, to products download, and delivery. The system runs 24/7, 100% automatically, while you work on other projects, or spend time on vacation with your family. That's really a dream business! In either case, be sure to do your own market research before attempting any course of action. This should prevent you from getting into buying or producing unwanted products or products without market. About The Author Lewis Low is the founding editor of OnlineBizPromo.com. For more Practical Online Business Ideas and Work-From-Home Opportunities, visit his Work-At-Home directory at http://www.OnlineBizPromo.com
