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Your Own Products Can Make You Rich
Here, then, are just a few, low-cost ways to profit from selling your own proprietary products and services. Although there are advantages to selling other people's products and services, there are also drawbacks. For example, the lack of exclusive rights to your own proprietary product can mean that you are just one of thousands selling the same thing. Excessive competition can cause you to drop your prices and to lose sales, thus affecting your profits and cashflow that are so essential to your business survival. For this reason, you may decide to develop your own proprietary products and services, either exclusively, or to complement your line of other people's products. After creating your own proprietary product, you could spend millions in manufacturing and marketing costs. You could go bankrupt before you even had your first sale. Here, then, are just a few, low-cost ways to profit from selling your own proprietary products and services. 1. Licensing Instead of trying to finance the manufacturing and marketing of your invention, why not license it to a company with the expertise and capability required? You will then receive royalties in return for your idea. To learn more about licensing, visit http://yenommarketinginc.com/licensing.html 2. Exporting Exporting your product to other countries can dramatically increase your sales. Hiring an Export Management Agent can keep your fixed costs down. To learn more about exporting, visit http://yenommarketinginc.com/impexp.html 3. Offer Commissions and Finders' Fees Recruit independent sales representatives and agents. Offer commissions and finders' fees in order to sell your products and services. To learn more about finders' fees, visit http://www.yenommarketinginc.com/finder.html 4. Online Auctions You can also sell your own proprietary products through Internet auction sites such as eBay or Yahoo! Auctions. To learn more about online auctions, visit http://www.yenommarketinginc.com/auctions.html 5. Start Your Own Associate or Affiliate Program Multiple web sites and distributors selling your product can result in increased sales and profits. Unlike conventional advertising, affiliate programs pay only for performance. Commissions are not paid out unless sales are made. To learn more about affiliate programs, visit http://www.yenommarketinginc.com/affiliate.html 6. Participate in Joint Ventures Joint venture arrangements can be profitable. As an example, you could offer a commission on the successful sale of your product featured in someone else's e-zine or newsletter. To learn more about joint ventures, visit http://www.yenommarketinginc.com/joint-ventures.html The above list of low-cost ways to make a profit from your own proprietary products and services is by no means exhaustive. However, it certainly illustrates that, with some effort, your own products could make you rich. RESOURCE BOX: J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com/ has been helping clients to earn maximum business profits for over twenty years. For more valuable Work at Home Small Business Ideas, visit: http://www.yenommarketinginc.com/ Subscribe Free to Work at Home Small Business Ideas at: http://www.yenommarketinginc.com/subscry.html About the Author J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com has been helping clients to earn maximum business profits for over twenty years. For valuable Work at Home Small Business Ideas and other moneymaking business information, please visit: http://www.yenommarketinginc.com/ Written by: J. Stephen Pope
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Recent Articles Guaranteed Failure on eBay! How to NOT make it big time! I am sure that like me you have read so many books and articles that explain in great detail how to make it big on the Internet and in particular on what is rapidly becoming the World's Marketplace - eBay! However, it's so often the things that we... How To List Your Items On eBay Listing your items on eBay can be very confusing if you don't know where to start. Here are a few tips on getting your items listed so that they sell. Accuracy When you list your items on eBay, write an accurate description. You do not have to... Taking Paypal on eBay Accepting Paypal as a payment method might increase your selling prices and your profits. This depends on what you are selling. I sell collectibles to collectors. My clients are like junkies. They will buy regardless of the payment options, so not...
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