All online business owners want to increase their income. You can do this by selling more of the same products to new customers or selling the same number of products at a higher price. But if you are only selling one type of product that limits its customer base. That does not mean that you need to sell many different products that can not be traced.
It is essential to have the types of products that will appeal to your customers and increase their income.
1. Direct income products
Direct income products are the easiest way to start making money with your online business form. The product is buying once and is easily accessible to your customer. It is a product or service that solves a simple problem for your customer or makes your life easier or more enjoyable. delivery of the product to them in an effective and timely manner is performed.
You can create your own product to sell or you can sell the products created by other companies using the business model of affiliate marketing. Whatever route you choose, the product or service has to offer their customers what they want.
2. recurring income products
Recurring income products are something that you sell once and receive an income on a continuous basis, usually every month. Which they are paid by the time the customer uses the product or service. Such products are usually items such as software licenses or membership websites.
Although the first payment you receive may be less than a direct product revenues once, recurring income products have excellent long-term value and can generate significant income over time.
3. High Ticket Products
A high-ticket for an online business is something that will earn more than $ 1000 a high priced product has to provide exceptional value and a clear difference to the products direct selling lower price you offer. Needless to say that you have to build a relationship with your prospects before considering spending a lot of money with your online business. This is done by delivering value continuously in their emails, content websites, blogs and forums, online seminars, podcasts, video tutorials, etc.
Customers are willing to pay more if they get a superior product. Look at the difference between a first-class ticket and economy airline ticket. lower cost products can do some work, but do not provide everything a customer may need in the form and terms they want.