Learning about affiliate marketing should be your entrance into the field of creating your own niche-related products. You’re the one with the most knowledge about what your target audiences need and are eager to buy.
How To Increase Online Sales by Creating New Niche Products
You’ve put in the time, effort, and money to learn how to have a successful business online. Now it’s time to create a niche product.
Boost your online sales with a new product launch.
If you have developed a mailing list and are using it to ask questions of your audience, you have a pretty good idea of what they would like to buy, and how much they are willing to pay.
Only create products that your audience say they are willing to purchase.
You should do surveys using free services like Survey Monkey to poll your email list. If you have an active Facebook fan page, ask them what products they would like to see. You want to know what people are looking for, and are willing to buy.
First you send out a broadcast email asking what people are having a problem with, related to your niche. Next you categorize the answers and send a survey with as wide a range of products as possible to narrow the list down.
The answers will surprise you. But most of all you won’t waste time, energy and money creating a product that your website audience isn’t interested in. This way you will know exactly what to create to sell.
Action plan to improve sales includes two launches instead of one.
The most profitable method for launching your newly created niche product is with a soft launch and a hard launch.
The soft launch is for your inner circle and gives you a chance to learn of any mistakes, and to tweak your new product. You’ll want to give these people a substantial discount and ask for testimonials in exchange for the discount.
A great way to do that is to send each of these buyers a questionnaire, or survey, and ask for the reviews, along with asking them questions you have yourself about the product. Make it plain from the start to this soft launch that you will expect this in return for the sale price.
You may even consider allowing your joint venture partners a chance to see the product before the actual soft launch. They will have valuable feedback because they will want the product to be attractive to their own audience.
When you are sure your product is right and the price is perfect for your own niche audience it’s time to go for the hard launch.
It’s time to increase revenue with a hard launch.
This is the time to give a free webinar, guest blog, and do interviews with your JV partners who are promoting your product. Now you are widening the circle for the product you created.
Webinars should be packed with information about the product and how to get the most use from it. When you record a valuable, beneficial, and information packed webinar you have another product to sell.
This is something you can make a transcript of and offer it as a free course, special report, or ebook to do whatever you like with as a promotional item. And don’t forget to keep a record of every question asked if you have a live audience. Questions could lead you to your next product?
More Sales Techniques and Strategies
Another method to create product is to simply make e-books out to blog post on your website. You’ll find that your audience loves “How To” titles.
Always remember that you have different levels of people in your audience. Some are beginners, some are advanced, and many will be in the middle. By taking all 3 groups into perspective, you may create different products for each?
Your competitors may have show you the way to more money
Don’t be afraid to spend time searching your competitors sites to see what they sell, and there prices. To directly compete you can either one up their quality, or meet the quality and sell at a lower price.
Improving sales performance with bundling your products for more profit
Bundling is also a good way to compete and to make more profit. Just advertise your main product with bonuses included. Bonuses could be worksheets, templates, inforgraphics, hand outs, and any thing else you think would go with the product.
Another popular method is to create these extra products and add them into your sales funnel as up sells. Most successful marketers admit that without up sales you will leave money on the table.
It’s your time. You’ve been been learning the ins and outs of affiliate marketing and increasing your own knowledge of how marketing works online. Now it’s time to create your own product and increase your online sales and profits.