Re:My First $1000 in Product Revenue, with Graphs
by nanijoe on Monday August 06, 2012 @04:28PM
(#4347099)
So this is the second ebook I have seen from someone who went through the 30x500 course. I thought the entire premise of the course was to get 500 subscribers to pay you $30 per month?
BTW , for such a niche product the price probably needs to be higher
Re:My First $1000 in Product Revenue, with Graphs
by OverZealous on Monday August 06, 2012 @06:27PM
(#4347646)
It's a slight difference, but it's more about getting 500 people (unique or recurring) to give you (an average of) $30 per month.
This could be automated recurring revenue (like SaaS), or building products that are one-time or intermittent purchases with many customers. Or, you can try to get fewer customers at a higher price, or more customers at a lower price for some things (but that's almost always harder to make it work).
It's also about building products that aren't full-time jobs in and of themselves, so you can have several products over time, that cover a range of concepts and audiences. This has the added benefit of providing you with diversified income, so you aren't SOL if a single product starts to lose customers.
Ebooks are a common initial product, because they have a little less initial risk and are a little easier to start as a side project than a full-fledged SaaS product.
Re:My First $1000 in Product Revenue, with Graphs
by angelbob on Monday August 06, 2012 @04:47PM
(#4347187)
The final price will be higher ($50.00). Right now there's a significant discount for the beta version.
This isn't intended to be my only product -- ebooks have a pretty vicious falloff in sales after launch. It's a chance to get all my marketing ducks in a row for when I do sell software.
Re:My First $1000 in Product Revenue, with Graphs
by xiaoma on Monday August 06, 2012 @05:40PM
(#4347432)
This was a great read. I've been working on an ebook myself and need all the advice I can get. I really appreciate that he's sharing some of his experience freely instead of just making yet another "How to get rich" ebook.
This could be automated recurring revenue (like SaaS), or building products that are one-time or intermittent purchases with many customers. Or, you can try to get fewer customers at a higher price, or more customers at a lower price for some things (but that's almost always harder to make it work).
It's also about building products that aren't full-time jobs in and of themselves, so you can have several products over time, that cover a range of concepts and audiences. This has the added benefit of providing you with diversified income, so you aren't SOL if a single product starts to lose customers.
Ebooks are a common initial product, because they have a little less initial risk and are a little easier to start as a side project than a full-fledged SaaS product.
This isn't intended to be my only product -- ebooks have a pretty vicious falloff in sales after launch. It's a chance to get all my marketing ducks in a row for when I do sell software.