Surprisingly, one of the most profitable products you can add to your eBiz line-up is information. There are multiple kinds of information products, from hard-copy CDs and printed materials, to database products and web site memberships.
According to well-known author and serial entrepreneur Tim Knox, the highest-margin information products are those that are both digital and downloadable, such as e-books and audio or video files. Explains Knox, With no manufacturing process, minimal overhead, and no shipping costs, theyre inexpensive both to create and markettheir margins are often upwards of seventy-five percent.
The Information Advantage
Beyond low costs, selling information products offers eBiz owners numerous other advantages:
No ongoing customer service or labor-intensive updating, as with database products
No storage considerations, as with hard goods
No product or package design process
Ease of delivery
Simple to market
Sourcing Information Products
So how do you locate these Amazing Products? Actually, you have two options: first, you can resell someone elses products as an affiliate. Google and...