Big profits from small priced products

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Table of Contents
Introduction ………………………………………………………………………………………………………..3
A few ‘today’ questions to consider… …………………………………………………………….4
Are high ticket items dead?………………………………………………………………………….4
What are high and low prices products? ……………………………………………………5
Think value and salability, not price… ………………………………………………………..5
For your business, it’s all about total income, not sales numbers… …….7
You can’t ignore the competition… …………………………………………………………………8
Other advantages of selling low prices products… …………………………………….10
What can you sell for a low price? ………………………………………………………………..13
Starting to consider specific ‘small price product’ ideas …………………………..15
Special reports… …………………………………………………………………………………………..15
E-books …………………………………………………………………………………………………………..16
Video materials……………………………………………………………………………………………..18
Other low cost product ideas ……………………………………………………………………..20
Creating a low priced information product ………………………………………………….22
The creation process in a nutshell… ………………………………………………………….22
To sell, you need a sales letter… ……………………………………………………………….24
Pricing your product ………………………………………………………………………………………..29
Conclusion …………………………………………………………………………………………………………32

Introduction
No matter what kind of business you operate and irrespective of whether that business is primarily focused on offline or online operations, there is one truth about running a business that none of us can avoid. This is the fact that business never stands still, it is something that is constantly changing and developing with something new happening almost every day.
If you are an online business owner or internet marketer, this will apply to you just as much as it applies to anyone else. It does not really matter how you make your money, whether you are selling products, services or even making money by featuring paid advertising on your website, the same proviso still applies. Whatever specific variation of the online money making ‘game’ you are playing, the rules of the game never stand still.
This by definition means that you have to be adaptable, flexible and willing to change as and when necessary in order to be a long-term competitive player.
So, let me play my cards on the table here because there is no point in pretending or beating about the bush.
Times are very hard, and there is no reason to assume or imagine that they are going to get better any time soon. The world as a whole has undergone some very traumatic changes over the last year or two, and the financial situation in most developed Western countries is almost unremittingly grim.
These changes inevitably bring new challenges with them, and it is a fact that if you are running your own online business, you need to rise and adapt to these new challenges. The bottom line is, what was working even as recently as a year ago is probably not going to work anywhere near as well now, and you can almost guarantee that yesterday’s methods and tactics are going to become increasingly ineffective over the next few years.

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