|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.
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
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.
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/
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Philadelphia Metropolitan Board of Realist hosts Community Wealth Building Day in Mt. Airy - Montgomery Newspapers
Who Else Wants To Know Oprahs Secrets To Wealth & Success?
Before I had a lot of money, I was really quite happy," said Oprah Winfrey. "And I will tell you this--you may not believe it--I never would have gotten the money if I wasn't happy to begin with.
How to Save Money and Take the Vacation You Always Wanted
Many people don't realize how much money they spend on convenience and boy does it add up. I am going to share some of my frugal and practical tips of how to save money for the vacation you always wanted.
Q and A: Financial Independence Tips For Women From Coni Cecil
As a woman Netpreneur, I sat down via e-mail with article-announce regular contributor, Internet marketer and women's financial consultant Coni Cecil of www.cecilfreedom.
Clearing Blockages to Increase the Flow of Money into Your Life
Money is probably the most challenging thing for many people to manifest. It can also be easiest.
Living Trusts: Do They Protect Your Assets From Creditors?
A surprising number of readers want to know "Can a living trust protect my family's assets from creditors and lawsuits?"I think there are some promoters out there that use this as a pitch to get people to set up a living trust using their services:"Transfer your assets to a living trust and hide them from your creditors," are the claims.Sorry, that's not the law.
The 11 Best Money Saving Ideas of All Time - Part 1
At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true.Some of you may have heard of these ideas before, others may be entirely new to you.
How To Be A Millionaire - The Top Secret Of Wealth Creation
Have you any idea how many people search Google every single day for terms such as, "make fast money" or "get rich quick"?Intelligent, motivated people, just like you and me? It's veritably FRIGHTENING.Some do it for a laugh.
Investing is About Discipline
If you don't have discipline then walk away from the idea of being rich. You see, getting rich without discipline is relying on the lottery or your favorite pony ambling past the finish line in front.
Discover the Secrets and Possible Solutions To Money Problems
It is sometimes pitful how many projects are never born or die simply because of the flimsy excuse : "We don't have enough money !"There are many possible solutions to money problems.When a practical, inspirational, exceptional idea raise from your mind, don't ask the question : "How much will it cost ?" untill the conceptis fully discussed, considered and examined.
Increasing Your Wealth by Increasing Your Financial Literacy
Perhaps the primary message of Rich Dad, Poor Dad is increasing basic financial literacy. Perhaps I should say financial literacy for the common man and woman.
Want Money? You Got It!
Six out of six people who were asked to list their highest priority in life said, "I want money". Maybe not in those exact words, but that was the gist of the request.
The Hawk and the Mouse - Saving for Retirement
There once was a hawk, ferocious and swift. He was young and agile with many years of life to hunt the open ranch lands.
Cost Averaging - It Makes Sense (Dollars & Cents)
It's no secret that the market goes UP..
Use Feng Shui Coins To Increase Your Income
Feng shui coins can allow you, among other things, to increase your income. By keeping three coins tied with a read thread, you would protect your already existing income as well as increase it.
Its High Time for Lifetime Savings Accounts
I'm constantly reading articles on the internet and in financial magazines in which so-called financial planning experts express perplexity as to why about 30% of employees do not participate in their employers' 401(k) plans. These writers don't seem to have clue.
Do You Want To Save Money Easily?
Living on credit is fashionable. Indulging oneself is fashionable.
Super-charge Your Dream of Retiring Rich with the Roth 401K!
This retirement account is so new and unique that you may not have heard of it. For additional reasons, I describe in my home study course, corporate insiders may not want to offer it to corporate employees.
How to Have MORE Fun With YOUR Tax Refund in 2005
I counsel a LOT of people about money. I see the same mistakes being made over and over again.
Do You want to Live on Macaroni and Cheese when You Retire or Filet Mignon?
How Much Money Will I Need to Earn to Retire?This is the most common concern of people who are contemplating retirement. While most financial planners would tell you that you need to earn as much in retirement as you did while you were working, this isn't always the case.
Five Straight Steps to Opening an Offshore Bank Account
Despite what you may have read or heard, anyone is free to open an offshore bank account nowadays! In fact, banking offshore has been used successfully for tax reduction and asset protection by both individuals and worldwide organisations for decades.And opening an offshore bank account in this day and age couldn't be simpler either! Here are five straightforward steps to take towards opening an offshore bank account.
|home | site map|