Fully exploiting the internet for maximum profit
If you already have a successful business in the offline world either selling your own product or buying someone else's product at a low price and selling at a higher price, then by taking such a business online you will continue making the same profit margins, probably just with lower sales costs.
In this situation all you're doing is taking a traditional wholesale to retail business and selling a bit more through the internet.
This completely misses the two big inherent advantages to doing business online, which enable you to wipe out the cost of the goods you sell:
1) Digital download products - By making the products you sell digital downloads such as an eBook or an image, video or music, you only ever need to create the product once and upload it as a file on your server.
Thereafter you can allow your paying customers to download it or receive it by email an unlimited number of times.
Unlike "physical" products, you completely avoid the costs of storage, damages, pilferage and transport.
2) Public Domain - You can also avoid the cost of creating the product by sourcing all of its content from the public domain.
This is the massive body of works which are available for anyone to use and sell as their own by virtue of not being protected by copyright. Typically the copyright has either expired or was never renewed.
There are works in the form of books, magazines, articles, images, films, audio tracks and more all available in the public domain for you to use right now
You can of course simply resell public domain work exactly as you found it, or you may prefer to update it, restyle it, modify it in some way, or use it as base material from which to create a new product.
To produce your modified product you will need software for word processing, image processing, audio or video editing. Amazingly, high quality software to do all of this is available to you on the internet to download completely free of charge right now if you know where to look.
There is also a further body of works which are "free to use" where copyright does exist, but the author/artist is happy for others to use their work (even to make a profit) so long as they have a copy of the new item or have their name credited. Typically this is offered by new authors/artists wanting to build up a body of published works.
All you need now is the skill set
To access the amazing world of 100% profit-margin products you only need to learn a few key skills:
- How to find and verify both "public domain" and "free to use" material for free.
- How to create and package your text, audio, image and video products for free.
- How to create a website for free that will attract a regular volume of willing buyers
With these skills you can create a great new income for yourself.
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