• This product is available as a download to the following member(s): "PREMIUM". Download this product by becoming a member today and also get access to over "16,630+" PLR products.

8 Plr Products From Ed Loh PLR Ebook

8 Plr Products From Ed Loh PLR Ebook
License Type: Private Label Rights
File Size: 9,935 KB
File Type: ZIP
SKU: 27299
Shipping: Online Download
Members Download

Ebook Sample Content Preview:

Why Should Post an Offer in a Forum Market Place?

Price testing

A forum based market place offer can be a great way to do price testing before the main launch of your product.

For example, suppose you are selling a product for $ 10 in a forum market place and you you sell about 500 copies of it, which means you get a positive response from your offer. Now what you can do is, you can raise the price of your product to $25 and bump the offer and see what kind of response you get.

Sometimes you find that you sell half as much product at $25 as you do at $10, but guess what happens if you do that math - you still have more profits! Here's an additional advantage - the more someone pays for your product, the less likely you're going to issuing refunds, and the less likely you're going to have customer service issues.

First of all, because you have more of a margin to play with, you have more resources to devote to customer service. Plus, a lot of people will make an impulse $10 purchase knowing darn well they can get a quick refund. But few people are going to make an impulse purchase at a comparatively higher cost.

Since, it is very important to set the right price of a product , therefore a forum based market place offer can actually be effective in helping you price your product suitably, creating a balance between your target audience's attitude along with your profit margin.

To Develop Products and Improve on Them

There are ways to go about this.

First there could be a release of the first version of the product. There would be a consumer feedback on this which could be evaluated. There could be further versions and the same processes repeated for them till semi perfection. There are always newer things and technologies t incorporate.

The best instance of product development would be the automotive industry. Car designs have to go through constant updating to suit the needs of the market. There are new models every year. This is done keeping the market in mind. You have to do the same.

This would imply that the similar features may not all come up at the same time but takes considerable time. There is obviously an improved product in mind but attempts at getting at it will have to be slow and steady. Te idea is to create demand and suit the model accordingly. The revenue from earlier models can be utilized to create improvements.

Enterprises like Microsoft evolving new products every year they basically improve on their earlier ones. There is new hardware to which they suit their software every year. This could be the same idea in use for other products like information products.

Like let's say something like an E-book. The information with each issue should provide a sense of betterment for the consumers. This revision can be done every six months or something. Information sought through these devices has to be regularly updated to furnish new consumer interest.

Tips about Your Forum Based Market Place Offer

To run your first forum based market place offer, leave some profit margin for paying for your next product. This process if repeated several times can keep your enterprise running continuously. We can safely assume here that with these tips your first offer went really well. The product could then be promoted on a higher scale elsewhere. You also might get a higher price for it.

Try and keep in touch with the initial customers even if you are done with them.

You should always be able to answer their queries in particular. These people are now your consumers and they have to be revisited again and again.

Create a self evaluation scheme for your offer's performance. And find out what went wrong and where you can better things or what strategy helps more or how and where and why the criticism is coming from. Improvement can be the only concern.

The delivery quality and the value and the worth should be your primary concern. You should be able to associate your Offer with audio, video, resale rights and so on.

Find a suitable partner and find common interests and try and expand.

You can always correct things and repeat. The inertia shouldn't be lost. Also remember to carry on with your forum considerations even when you have finished with developing some financial stability. Always be ready to go big.

Management of Your Offer

It is hardly believable to see the extents that people go to in order get their offer noticed. There are “Sneaky” little tricks to be seen, such as asking people to post to their offer, in lieu of some bonus products.

You could actually steer clear of the “Dark Side” and not take to trick stunts to garner attention to your offer. You could obviously answer questions which are asked and definitely extend thanks to people from time to time.

Don't end up making a huge lot of stupid posts to inflate your post count. This way you lose out on sales and people are easily turned off by such tricks as soon as they find out about it and finding out is not very difficult. Just make very good products which sell well and you have done the trick.