Many marketers have created or acquired products that they thought would sell well and, in their enthusiasm, set up everything from sales letters to websites to getting traffic. However, a lot of these marketers have forgotten the single most important factor that will affect their product sales – the “sellability” of the product.

When you begin creating products or buying rights to a certain product to sell, the most important factor you must take into account is the demand of the product. Do people want your product? It is simply stupid to waste a month’s time preparing a product, setting up the website and required sales techniques only to find that people do not even flick an eyebrow at your product!

Your final goal is to deliver the product to your customer and collect his or her money. In order to do this, you must make sure your customer wants to buy your product in the first place. How do you find out if they want your product? Simple. Just ask! Ask in forums related to your niche. Hold a survey or public poll. The Internet is a flat playing field, and you have the power to reach just about anyone in the world who has an Internet connection.

Let’s say you have this brilliant idea on creating a step-by-step instruction on how to cook Malaysian food. First, you must find out if anyone is interested (or even heard of) Malaysian food. To do this, go to a food-related forum and ask tactfully if anyone would be interested in learning Malaysian cuisine. Do not ask blatantly whether anyone would like to buy an ebook with instructions on how to cook Malaysian food, or you might be in danger of being accused of spamming.

On the other hand, you can give out a few samples of your Malaysian recipes to test the waters – see how the forum members react to them. If they show enthusiasm for learning more, then you definitely have a market in this. If they show no interest, then it is time to look for a new idea to market. You save time in the long run because you don’t have to find out the low demand for your product the hard way.

If your idea is welcomed by the forum members you surveyed, you can go ahead and compile your extensive ebook on cooking Malaysian food because there is interest in the information you possess. Where there is interest, you can easily build up desire for your product, and with desire (plus good marketing), your purchases will arrive naturally!

Excelsior, fellow IMs!

Let me ask you a question: do you think it is easier to sell your product or services to a complete stranger or to a person you have had contact before; whether it’s an email conversation, forum participation or even an existing customer relationship (i.e. He has bought something from you). Without doubt, it would be harder to sell to a total stranger who does not know whether or not you are an honest seller, and whether or not they should trust your words and believe that your product or services will truly benefit them.

This is precisely why you should build up a customer base — a group of people who trust you and will most likely buy a product that you offer to them. This will ensure that you have a recurring and consistent source of income. When you release a product or make an endorsement, you have a group of people always ready to hear what you have to say.

There are several sources that you can tap into to start building a customer base. For example, you can participate in an online discussion forum and give advice and help for free. It won’t be long before people start to recognise your name and stop and listen everytime you have something to say. You will become a valuable friend and teacher, and gain the trust of these people. Would you buy something your close friend recommends?

Another way to build a customer base is to build a mailing list. There are a gazillion methods to collect subscribers, but when it’s boiled down to the very essence, it’s all about proving your value to the crowd and offering an incentive to make people become part of your mailing list. A typical example would be a website choke-full of freely available, helpful and quality articles on a certain subject plus a “special report” that can be downloaded for free provided you give your email address. The rich content provides value, and the “special report” is the extra incentive.

Yet another source for your customer base, which is often forgotten, is your existing customers. If you bought this product from this particular person and he answered patiently to your every question, would you buy from him again in the future? Definitely. When a customer has given you his money, that’s not the end of the affair because by keeping in touch with him and developing a flourishing relationship with him, you will have a lifetime source of income.

Imagine if 100, 1000 or even 10000 customers are waiting to grab your newest products even before they are released! Hence, it’s vital to build a customer base because it simply saves a lot of time and effort.

Good luck all!

Let’s imagine a situation where we have two Internet marketers who know each other. One has a great product that will sell very well but he has no mailing list, no affiliates, nothing. The other is a great marketer with tens of thousands of subscribers in his mailing list, but the problem is he has nothing to sell to them. The very obvious solution here is to give the product to the great marketer with lots of contacts, and split the profits between them. This, my friend, is the very essence of Joint Ventures.

As more and more people start their own home based businesses online, the market is going to get more and more saturated and the competition will grow fiercer by the minute. The fastest, most effective and easiest way to build your own online business empire is through joint ventures. That is, join forces with other marketers to sell your product.

When you joint venture with another marketer, you can ask him (or her) to send an endorsement of your product to his existing mailing list, so you do not need to worry about collecting subscribers from scratch. You already have an easily accessible target market. The trick is to find the right marketer whose subscribers will be interested in your product. Once you achieve that, you won’t even have to worry about generating traffic to your salesletter or finding affiliates to promote your product. All of that is already done for you.

When you joint venture with a solid player in the field, your perceived value and reputation will instantly increase because if this well-known person in the field is willing to work with you as a team, you must have some substance! Hence, when you manage to hook up a joint venture with someone who’s a “regular player” in your niche market, your status will instantly change from “total newbie” to “guru status” overnight!

Last but definitely not least, you will get a chance to build a lasting relationship with a big figure in your niche market, and that alone will worth more than the profits you pull in over that single Joint Venture. When you have a dominant figure in the market as your friend, you will gain a lot of privileges and perks that no newbie like you could ever get their hands on – for example new insights into interesting product ideas and marketing strategies. You can’t even buy that for hard cash!

So, start looking up a potential Joint Venture partner and try your best to convince him or her to strike up a deal with you!

Yess!! You heard me right!

A regular commenter, Mr. Zhafran (also known as Kaizen) has proved himself to be worthy of his words when he recently launched eCoverStudios.com - another ebook cover design service from Malaysia! Looks like he utilized every bit of information that we gave him in the “Graphic Design Online” report in the previous post.
Let us all give him our support by checking out his website at;

http://www.ecoverstudios.com

Yes, he has a gallery of nice portfolios, even nicer than ours! We here at Cheapestcovers.com wish him all the best for his future in online business, and we hope to exchange and contribute ideas to each other.

Well, I am just soooo damn excited. Finally, another local graphic designer to work with! Well, how about other graphic designers out there? When are you jumping into the bandwagon? Come on, let’s join us! Ha ha!
Excelsior, fellow netpreneurs!

Ya ya ya.. so Hafiz met Patrick Chan. So what? I couldn’t go that day laa, had no money. (Actually I’m just being jealous. You lucky b*stard).

Ah yes, apparently today is the launching day of MalaysiaPal.com. Trust me on this, Hafiz has done all possible things to make sure it goes smoothly, so it’s very highly unlikely that you’ll be facing any problem with those free ebooks. Have fun downloading yeah!

And NO, contratry to what some of our subcsribers think, you DON’T HAVE to sign-up as an affiliate to download the ebook. That’s just a matter of choice. The download link will be given to ALL of the subscribers, not just the affiliate’s. Hope that clear things up, OK?

Ah yes, another day, another affiliate marketing tips. Good luck reading.
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Myths concerning affiliate marketing are appealing and attractive.  People who do not know the entire system the wrong way round are prone to believing that it is something capable of giving them great fortune overnight.  Stories concerning affiliates who earn tremendous amounts of money swim in their heads, and while these stories are as true as they can be, there are those who believe that they are going to have the same fortune once they indulge in this particular business.

It is true enough that affiliate marketing is financially rewarding.  People who have gone through everything to be able to succeed in this business are reaping the seeds that they untiringly sowed.  Many of them enjoy the kind of existence that was not possible for them to have had under ordinary circumstances.  Having gone through the A-Z of affiliate marketing, however, these people are the ones who know that while such business is lucrative, there is absolutely no easy money in it.

Ignorance of this fact is one of the main reasons why there are people who fail miserably in the internet business.  There are those who believe in myths concerning the easy money involved in systems such as affiliate marketing.  They do not know that there are those who have wasted time, effort and too many resources in trying to pursue the life of ease that they believe this business will give them.  And so they go into affiliate marketing armed with nothing but myths and fantastical notions of wealth swimming in their consciousness, never realizing that they bound to make mistakes that would prove to be their downfall.

What may be the reason why in businesses such as affiliate marketing, many are called but few are chosen?  Perhaps the answer lies on the fact that many affiliates make mistakes that result from their ignorance of facts concerning how the entire business runs.  Affiliate marketing is not as simple as an affiliate promoting a merchant’s wares through his website and getting paid for it.  It is also about knowing the market and the customers at hand.

Discovering what the most common mistakes affiliates make can perhaps dispel the gloom about myths surrounding affiliate marketing by correcting some wrong notions about it.  It might also be able to make those concerned understand that like any other business, there are dos and donts involved in this one if they want to make each of their steps count.  The first common mistake affiliates make is their lack of knowledge concerning principles involved in their business.  This refers to the affiliate’s knowledge of search engines in particular.

Affiliate marketing involves advertising, and advertising through the internet could not have been better without the existence of search engines.  What every affiliate has to do is to make these search engines his best friend through studying search engine optimization closely.  This way, he is able to know what to do in connection with building a better website to ultimately use for his business.

The second is that affiliates make the mistake of stuffing their sites with banners that do not provide enough information about the product at hand.  The best way to battle this mistake is to provide good content hand-in-hand with such banners.  It is important for customers to know and understand the features of a product, and good content will be able to help them realize this goal.

The third is that there are affiliates who make the mistake of promoting only one product.  Consequently, customers are not given enough options to choose from.  There is also the risk of generating fewer sales as compared to having more options for customers ponder about.  It is always better to give them a few better alternatives than to give them only one.

The fourth is that there are affiliates who make the mistake of promoting too many products.  As a result, customers are confused and end up beyond making a choice.  It is perhaps good to give them only the best choices.  This is because it is ultimately up to them to judge which one is the best for them to patronize.

All in all, affiliates that are doomed to fail in this business are those who do not exert enough effort to understand everything involved in the industry that they are in.  Knowing their path step by careful step will prove to be beneficial to them, as there is no other way to succeed than to go through any path slowly but surely.

Keep it steady guys, all the best for all.