My Ramblings About My DOT Com World
What Type of Products to create? (Free or Paid)
Hey people,
It is a beautiful day in Egypt today and I feel I want to give you a new post about one of the most important
lessons in the life of an internet marketer especially the new ones who don’t have a presence in their field yet.
It is choosing Creating Free or Paid product
Well, that depends on a lot of things
- Do you have authority on the niche you are targeting?
- Do you have relationships with people in your niche (JVs or Customers)
- Do you have a list? If yes, what is your list size?
- Your level of experience
I have to say the first point is the most important; you can see by yourself that you like to buy from people
you know and like more than buying from unknown person as this unknown person have no credibility for you to buy from him.
So if you are just starting with no list, no JVs or relationships or even if you have already started but still have no success or have no fame.
Then I have to say my friend, you need to create a free product
it doesn’t matter what kind of this product whether it is an ebook, video, audio or a DVD.
The Most important thing is “It must be valuable, no fluff and right to the point, to make it straight it has to be a pure content only”
Guys, that stuff really work I know that, It is what is called “Reciprocity” and it means if you give somebody something good as a free product or a gift or even a compliment, their “Reciprocity Meter” kicks in and they start trying to help you and of course the best way of helping you out is by buying your backend products or trying one of your memberships
So let’s give an example for better understanding of the concept: if you gave somebody a free ebook and after he finished reading this ebook he found it
- Valuable and deserves to pay for (MOST IMPORTANT)
- Completely no fluff crap.
- Right to the point content
- No spammy affiliate links or even links to you own product
Then you mission is partially done, of course when he get your free product he will opt-in or at least will give you a way to communicate with him
Why don’t you try to offer him a FREE 30 days trial to your membership site?
I bet that this person will say “Why don’t I give it a try, this person until now is totally honest and provides valuable stuff at no charge for me”
See that, he is trying to help you by trying your membership site and of course you keep just adding content like your free product then congratulations you have a happy long-lifetime customer thanks to this free product.
Also there are a lot of other ways to monetize your free product.
You could immediatly offer them upsells or upgrades to your free product but that may require a little of trust from the prospect as he didn’t read the free product yet so I advice you to make your next upsell cheap like $17-$77, and upsells can be really easy you can just hire a voiceover guy to read your product and make the transcripts and add something like bonus chapter and that’s it, you ‘ve made a video course instead of an ebook.
So I really hope you grasped this concept really well as it is very important and people are really mad about free stuff so you can easily expect your free product (If it was that good) to spread virally through the internet.
**BONUS TIP**
Let me tell you something to increase the number of sales from your free product dramatically which is Adding affiliate program so let us see a quick imagination to what can happen to you (I hope that happens
)
- A guru(someone with high authority and list
) saw your free product and wanted to see it. - He saw your upsells and downsells.
- Read your free stuff and like it.
- Trusted you from your free stuff.
- Saw your Affiliate program and liked the commission stuff.
Let me tell you, these gurus can easily make you rich, some of them make quite easily $10,000+ from just one email to their highly responsive targeted list
So you are $10,000+ richer thanks to this free product
I hope you really understand the concept and like this post
Feel free to add your comments
July 20, 2009 - 6:07 am
Good stuff, Mohamed. Keep up the good work!
July 20, 2009 - 6:18 am
I totally agree FREE products are the best hooks, but you distinguished a line between “Gurus” and “Newbies”
I firmly believe it doesn’t matter if you are a newbie or guru – you should be “Giving” away your front end product for free.
Actually I think it should be $1 or a free + shipping offer.
This way, you’ll get a Credit Card out and have started the buying process – upsells / downsells or what’s now called “customization” of the order.
Awesome first blog, my friend!
Alex Lim
July 20, 2009 - 6:24 am
Hey Alex,
Thanks for your comment my friend,
but I believe if you added the $1 offer then you will be asking him for money without even trusting you, I was talking about the completely unknown internet marketers
So I think the first free product mustn’t take any money from it then you can make another free product and tell the people who are in your list from your first free product and they will come and I am sure that they will buy
Thanks again Alex for discussing your point of view with me
Yours
Mohamed Hammad
July 20, 2009 - 6:48 am
Get post, and I second the fact that you should make a free product first.
As the first product i made (paid) – it flopped.
And I’ve lost $1000 on that project. One you put so much effort into something you create and
when it fails, you tend to take it personally.
Which Isn’t Good.
Iam glad your bloggin buddy!
July 20, 2009 - 4:04 pm
Hi Mohamed,
Great start to your blog, keep it going and look forward to seeing you releasing a product in the future,
Thanks
Keith
July 20, 2009 - 8:23 pm
Hey Mohamed,
Glad you decided to create a WordPress Blog after all …..
I would say FREE Product would be the way to go initially …. that is what I have done with my tutorials ……
Will keep track of your progress
Cheers
Tommy
July 20, 2009 - 9:46 pm
Free stuff is the way to go… have your links to websites products whatever in it and give them giveaway…or master resale rights to get it viral.
It doesnt matter if they can make a few dollars it will be your name being spread around the internet
great post my friend
rich
July 20, 2009 - 10:55 pm
Hi Mohamed,
I didn’t see the REAL value behind giving away products for free for a long time but now I can see that giving something away can lead to hundreds, if not thousands of dollars in lifetime customer sales later down the line.
It’s all about looking at the bigger picture and I have several ideas for free info products which I am going to put into action over the next 12 months.
Keep in touch.
David
July 21, 2009 - 3:04 am
Hi Mohamed,
Excellent post and great to see your Blog up and running.
Cheers,
Paul
July 21, 2009 - 4:00 am
Hey Mohamed:
Congrats on getting your blog up! My sister is living in Egypt (Dahab)
Talk soon,
Thomas
July 21, 2009 - 4:00 am
Mohamed, I have been listening to you talking with Alex tonight. If ever there was an example of the power of having a blog presence, then your traffic figures have truly demonstrated it.
Keep up the good work
Roger
July 21, 2009 - 4:05 am
Hey Mohamed! I am so glad you decided to go ahead and give this blogging stuff a chance.
This is a great post… I’ve been giving stuff away for a while, but not my GOOD stuff…
I’ve recently changed my mind about that as well, Alex seems to have that effect.
I look forward to reading your upcoming posts!
Peace,
Alan
July 21, 2009 - 1:22 pm
Hey all,
Thanks so much for your amazing comments, I really appreciate it, you gave me a huge support and motivation
Yours
Mohamed Hammad
July 21, 2009 - 4:24 pm
Hi Mo,
Just came over from the forum where I left you a comment (re bit.ly). Heard you on the webinar this morning too.
Good start here. Keep at it.
Gary Simpson
July 21, 2009 - 8:58 pm
Hey Gary,
Thanks for your comment, Paula have fixed the link
Yours
Mohamed Hammad