Tuesday, October 03, 2006

Product Creation

Product Creation For Online Success..
How To Create New Products At Lightening Speed
and Skyrocket Your Profits!
By: Ryan Ringold
I was invited into a meeting today with a women's group that meets every week to discuss business opportunities and making money online as well as offline.
Our topic today was product creation for selling on the internet. It was interesting to hear their ideas that they have come up with so far by brainstorming amongst themselves. They had some great ideas and insights. It was also interesting to discover our little differences because they were all between 45 and 55 years old and female, while I'm 34 and male.
This is important because my experiences and passions are quite different than most of their experiences and passions and it never ceases to amaze me how much you can learn by asking questions and listening to answers.
They brought me into this meeting to get some ideas about creating a product to sell on the internet. The product that they had in mind was targeted at women. It is a neat product and I think that if they could get prospects to learn about the product, then there would be interest in buying it.
However, I spoke to them about taking the path of least resistance when creating a new product and bringing it to the marketplace. So often new entrepreneurs get caught up with trying to think of the next latest and greatest invention that it often cripples them in moving forward. In addition, it doesn't take the next latest and greatest to make you money.
We talked at length about finding a market of people that need solutions to their problems and pains. The path of least resistance is not to create a product that nobody really knows about or has interest in. It doesn't matter how great it is if nobody wants it. Sure you can spend a boatload of money and effort trying to convince people of how wonderful your product or service is, but isn't it much easier to find out what people want to buy and then just sell it to them?
That is the secret to product creation that most people get wrong. Forget about what you think is great and wonderful and focus on what customers want. They will tell you exactly what they want and then you can customize a product around that demand.
If you follow this strategy, then customers will line up and practically beg you to take their credit cards. They need what you sell. They want what you sell. You don't have to convince them of anything.
One of the first websites that I ever developed sold over $75,000 worth of product in the first 12 months. This was over 4 years ago. That site today still does well over 6 figures yearly. Why? Because I found a product that people were looking for and then I made it and sold it to them.
It really is that simple.
When you are thinking of a product to sell, then take the path of least resistance and you will be able to duplicate your success time and time again.
Feel free to click on the "comments" at the end of this article to ask any questions or leave feedback.

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