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07-05-2006, 08:13 AM
I've gotten enough people who come to me with "challenges" to do a little research. The first thing to understand is you are in a business with a lot of people selling either identical or similar products.
You are in violation of your own formula, step number one "1. write a book." Because guess what -- you didn't write a book. You bought reprint/resale rights from someone else. And guess what -- in most cases their stuff makes them look like an expert people want to go to seminars to hear, not you.
I've found the people who made money selling reprint rights. Here's what they did...
1. Find a lucrative niche or three -- like the carpet cleaning business.
2. Get that database.
3. PROVE OUT the material by adapting the generic material to the specific niche from step one.
4. Sell at a Higher Price Point than the original product.
5. Create targeted training and seminars based on the original material.
Frankly, most people will refuse to do what it takes to succeed. They will not research, they will not test their assumptions. Instead they will convince themselves they are not in fact selling a similar generic product which 20,000 others sell. They will not understand that generic advice "to the masses" is not information -- people have to do the work to adapt it to their product or service. (And they especially refuse to understand they are not selling a solution -- adapting the product themselves is a problem for people reading your copy -- stragely enough it's the problem they naively thought you would be solving when they started reading your sales letter.)
And so they try to sell to the one, small, highly-competitive and overhyped market: People Who Buy Generic Reprint Rights. This represents, perhaps, a fraction of one percent of the people on the 'net now. Which leaves a practically untapped bonanza of business. In essense, the vast majority of participants starve with a loaf of bread in each hand.
Last edited by John_S; 07-05-2006 at 08:38 AM.
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