Wealth Building Information


Your Own Products Can Make You Rich


Although there are advantages to selling other people`s products and services, there are also drawbacks. For example, the lack of exclusive rights to your own proprietary product can mean that you are just one of thousands selling the same thing. Excessive competition can cause you to drop your prices and to lose sales, thus affecting your profits and cashflow that are so essential to your business survival.

For this reason, you may decide to develop your own proprietary products and services, either exclusively, or to complement your line of other people`s products.

After creating your own proprietary product, you could spend millions in manufacturing and marketing costs. You could go bankrupt before you even had your first sale.

Here, then, are just a few, low-cost ways to profit from selling your own proprietary products and services.

1. Licensing

Instead of trying to finance the manufacturing and marketing of your invention, why not license it to a company with the expertise and capability required? You will then receive royalties in return for your idea.

To learn more about licensing, visit http://yenommarketinginc.com/licensing.html

2. Exporting

Exporting your product to other countries can dramatically increase your sales. Hiring an Export Management Agent can keep your fixed costs down.

To learn more about exporting, visit http://yenommarketinginc.com/impexp.html

3. Offer Commissions and Finders` Fees

Recruit independent sales representatives and agents. Offer commissions and finders` fees in order to sell your products and services.

To learn more about finders` fees, visit http://www.yenommarketinginc.com/finder.html

4. Online Auctions

You can also sell your own proprietary products through Internet auction sites such as eBay or Yahoo! Auctions.

To learn more about online auctions, visit http://www.yenommarketinginc.com/auctions.html

5. Start Your Own Associate or Affiliate Program

Multiple web sites and distributors selling your product can result in increased sales and profits. Unlike conventional advertising, affiliate programs pay only for performance. Commissions are not paid out unless sales are made.

To learn more about affiliate programs, visit http://www.yenommarketinginc.com/affiliate.html

6. Participate in Joint Ventures

Joint venture arrangements can be profitable. As an example, you could offer a commission on the successful sale of your product featured in someone else`s e-zine or newsletter.

To learn more about joint ventures, visit http://www.yenommarketinginc.com/joint-ventures.html

The above list of low-cost ways to make a profit from your own proprietary products and services is by no means exhaustive. However, it certainly illustrates that, with some effort, your own products could make you rich.

RESOURCE BOX:

J. Stephen Pope, President of Pope Consulting Inc., http://www.popeconsultinginc.com/ has been helping clients to earn maximum business profits for over twenty-five years.

For valuable Work at Home Small Business Ideas, visit http://www.yenommarketinginc.com/


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


DesMoinesRegister.com

7 strategies for wealth building
DesMoinesRegister.com
As a financial advisor, one of the most important parts of my job is helping clients maximize their savings and build their wealth. It's a job that I take seriously, and it doesn't always require complex strategies. My role is to help clients invest ...



Millennial Politics (press release) (blog)

BlackFem – Teaching Wealth Building Skills For Women Of Color
Millennial Politics (press release) (blog)
Are you ready for an astounding statistic? The median net worth of women of color is $0. That's right, their assets minus their liabilities = zero. And for a sizable portion of the population, they're completely in the red living paycheck to paycheck ...



Nonprofit Quarterly

Labour in UK Adopts Community Wealth Building Strategy as Party ...
Nonprofit Quarterly
In Great Britain, the Labour Party has created a Community Wealth Building Unit to build out an economic strategy, first developed in the midsized city of Preston, that uses local public procurement, cooperatives, and living wage policies to boost ...
John McDonnell announces formation of Community Wealth Unit ...Co-operative News
Preston's plan to be used as a model across the nation - Lancashire ...Lancashire Evening Post

all 4 news articles »


El Tecolote

Guest Op-ed: Learn about family wealth building in the Mission
El Tecolote
In need of affordable housing options? Thinking of owning your own home? Need help with your children's education expenses? Come join us at City College of San Francisco's Mission campus at 1125 Valencia St., on Saturday, Feb. 10 at 10 a.m. for a free ...



Financial Express

Stock markets: Wealth-building strategies during volatile times
Financial Express
Market swings can upset investors and often distract them from staying focussed on pre-determined financial goals. Whenever the 30-share BSE Sensex nose dives, we see panic among investors, especially retail investors, and two types of behaviour ...



PR Web (press release)

American Money Master Amanda Steinberg to Deliver Keynote at ...
PR Web (press release)
Tampa, Florida (PRWEB) January 30, 2018 -- January 30, 2018 - Amanda Steinberg, founder of the financial education company, DailyWorth, will be the keynote.

and more »


Brittany Bush, Adrienne Cole Johnson, Rebecca Keel, and Jackie Washington: Community justice requires career ...
Richmond.com
If community justice offers a commitment to equity, economic viability, and supportive respect, then job-creation and career-development as a means of wealth-building are tangible tools to mold this vision. We include career-development because it is ...



Black Enterprise

Estate Planning For Millennials: The Key To Black Wealth
Black Enterprise
Unfortunately, estate planning remains the most neglected aspect of personal finance and wealth building, even among successful entrepreneurs and high-income professionals—an increasing number of whom happen to be millennials. This is in part because ...



Amazon Vs. Facebook: Coming Prices As Now Seen By Market Makers
Seeking Alpha
We'll get to some of the broader strategic questions above later in separate articles. For now the focus is on portfolio wealth-building choices between Amazon.com, inc. (AMZN) and Facebook, Inc. (FB). Our perspective, as usual, draws on the actions of ...



New Pittsburgh Courier

Check It Out …Marvel's 'Black Panther:' A marketing review (Feb. 21)
New Pittsburgh Courier
Recently, Dr. Boyce Watkins, business expert and promoter of products that teach wealth building, investing, and entrepreneurship to the Black community, got a lot of backlash because of marketing strategies made public by his business partner, Charles ...

and more »

Google News

home | site map
© 2007