by JohnnyBay » Sun Oct 05, 2008 8:36 pm
You can't sell ebooks on ebay anymore. Ebay doesn't allow that. Too many people were selling 1 cent ebooks, just to skew the ebay feedback system. It was almost like buying cheap feedback.
But every problem is an opportunity in disguise.
See, it was a bit of a market shakeup. The bad apples fell down. Now, there are still lots of people who sell their ebooks - but they sell them on a CD that they actually ship to you, instead of send you via email.
This makes the whole thing a bit more expensive, but again - since people actually get a real, physical CD, that they can touch and hold in their hand, and they get it by mail, they are also willing to pay more.
And since most people who were selling ebooks are out, crying by the site of the road and complaining about how unfair ebay is, some sellers are making a killing by turning ebooks into physical products and shipping them.
But before you set out to CREATE a product, you have to do some market research. See, product creation is not rocket science, everybody can write an ebook. BUT - it's labor intensive, and it will take a lot of time to write and create it.
Now you don't want to invest all that work into creating an ebook that nobody wants to buy.
Somebody said you just have to find a "niche", something that other's aren't selling yet, where there is no competition.
In my opinion that's the wrong approach. By now, the internet has evolved so much - almost every profitable niche is taken. And if there is no competition for a certain market, then it's usually because there is no money to be made in that market.
Competition is good, because it means lots of people are making money in that market. They wouldn't spend their time and money in that market, if they wouldn't make money. You WANT competitive markets, and then you study what your competition does, and you improve on it just a little bit - and that is all it takes. Study them, copy them and improve them.
(When I say copy, I don't mean blatantly copy. That would be breaking the law. And that would be bad karma. You don't want that. And you don't need to. But you can use the ideas and systems they have, and include it into your own product and marketing funnel).
There is a lot too it, but it is absolutely possible if you sit down a couple of days and do your due diligence.
Let me know what you're not clear about, and I'll be glad to help you out if I can.
Johnny Bay