At some point, you bumped into a virtual item auction on ebay,
where the seller was exchanging a downloadable product for cash.
You probably wondered why the seller was offering the product
for such a low price--and you probably also wondered how he was
making money.
There are two answers to this question: the first answer is that
the seller had no idea what he was doing and, in fact, wasn't
making any money on ebay.
The second answer is that the seller was highly-experienced and
was making hundreds of dollars each day, even though his
auctions were only showing one-dollar sales.
This sounds totally bizarre, especially if you haven't sold
information before, but it is absolutely true: there is a
fortune in selling information--especially on the Internet.
Now, in the case of the ebay seller I mentioned above, she was
probably using information products as a "loss leader" to make
back-end sales. She might sell 10 copies of an ebook for $1 each
and might end up being $2 in the red at the end of the day after
paying seller's fees.
But she knows this--and this is okay because she now has 10
highly-qualified prospects for whatever product she is using her
ebook to sell.
If her ebook is about teaching people how to make money selling
on the Internet, she might list purchasing a domain name and
hosting as one of the steps the buyer must take. To the buyer,
this may seem innocent enough; however, when he follows her plan
and purchases the hosting and domain name as directed, she will
earn a commission on the domain name registration and a
recurring commission on the hosting for as long as his Internet
business sticks around.
If you want to try this system out, you can search google for
"re-brandable" ebooks with "resale rights." You can also search
ebay for similar products. A number of people make money on ebay
selling these ebooks.
If the rights permit, you can purchase the product and then sell
it as a downloadable product on ebay.
If you want to maximize the effectiveness of this strategy, you
should keep prices very low. Your goal should be to use ebay as
a medium to disseminate the book for free or for a very low
price. Unless you are selling a book that contains no back-end
sales mechanisms and no affiliate links, your goal should be to
sell a powerful system (contained within the book) to a customer
who will use it successfully to make money--and, in turn, earn
you a residual income by sticking to a system that earns you
money.
About the author:
Jason James website 'The Auction Resource Network' reveals his
inside secrets and sources that help him pocket over $10,000 a
month on eBay.
Claim your FREE 'Top 10 eBay Selling Secrets' eBook:
www.auctionresourcen
etwork.com
