Developing a product portfolio for your eBook business is not simply a matter of selecting a bunch of unrelated products. You are not running a bookstore! Your portfolio must be focused and systematic. The main reason why you have a funnel is so that you can systematically move your prospects through your sales cycle from lower commitment products to higher commitment products. This is how you build a strong business and make money on the internet.
As a result of this, you need to make sure that everything you do to market and promote your business has this thought process in mind. You want to have a number of lower priced products at the beginning of your funnel. You might sell a few eBooks here or there on different topics related to your niche. These will lead to middle priced training programs in the hundreds of dollar ranges. Eventually you will have a few higher priced products in the thousands of dollars as a price point.
When creating these products, you can actually create one product and make it three separate products because they are in different formats. You can have a physical book as a product, an eBook as a product and an audio CD as a completely separate product. I do this and all three sell very well for me.
An important part of your eBook business funnel is your email newsletter. This is the key to unlocking success in a real online business. The reason why is because your newsletter is your primary method of building rapport and increasing the trust level between you and your customers. Without it, it is difficult, if not impossible to move people through your funnel.
The other thing my marketing funnel does is it eventually allows me a platform of communication for my ultimate mission. My ultimate mission is to proclaim the name of Jesus Christ to everyone that I meet. By teaching families how to create an income from real home business opportunities, this allows them a vehicle for God to be a blessing in their lives. If it also allows me to make money in the process, that is just great as well!
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Copyright Stephen Beck, 2009
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Stephen Beck teaches families how to start a real online business. Go get his 3 free videos at http://www.8weekstoprofits.com so you can begin now.
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2 users responded in this post
Hi Stephen,
You use the funnel system on your personal products.
For me – as an affiliate – could I use the same system?
If I wrote a little e-book about Law of Attraction for children and have it as a gift to collect a list – could I then use the funnel system to sell my affiliate products?
I find the way I use – just announcing the products of others – not very efficient.
Liv
A funnel system can be used in any business – affiliate or your own products!
Stephen Beck
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