Im about to get things up and running with my new Cb product, ive never been a vendor before so i was just wondering i know this is going to be hard to say becuase it depends on prie and certain niches, but do new Cb products, with new vendors , decent product, decent sales page.. decent niche.. how much profit/sales roughly would you be looking at, just to give me a idea.??
Welcome, Between $0 to $Millions. When someone goes fishing, how much fish he can catch? Impossible to tell, too much variables in play, in particular when it comes to CB products. (Having a decent everything is no guarantee to earn money, not even having a great everything sometimes) First products generally are a failure (depending on your skills anyways) in generating monetary value, but it will sure give you lot of experience - just keep going and you will get there. Good Luck
This. Not to be a dick but so true. Learn as much as you can from your first product/attempt, don't expect too much, don't ask questions you know can't really be answered. Yes, there is, a slight possibility, that you'll make money, an undetermined amount. You'll support affiliates. You'll deal with refunds. You'll deal with stupid emails from customers that don't know what adobe acrobat is, or if .zip has something to do with their zipper.. You'll hopefully have all these problems above because you're making sales, because you did something important BEFORE you came to market with "TADA HERE IS MY UBER GUBER OFFER! PROMOTE ME NOW" < Which is: Test the product on your own with paypal or other before CB'ing it. I'm HATING seeing 100+ new products at DP where the vendors simply understand the technical aspects (build offer > put on CB > announce on DP) of the system, but haven't a clue about conversion testing, and rely on dumb affiliates to promote them to 'see' if it will convert, and then tweak the page on their aff's dime/time. So make sure you test your shit first, if it doesn't convert, don't bring it to market until it does - or start over. You'll hopefully not have to develop 10 products to make good coin, but it's probable. Good luck! N.
Ok thanks for your posts.. its made me think.. umm isit worth it now lol?? any examples of past first product earnings?
You won't really understand it until you make your own product. Once you build one, do the tweaking/split testing until it converts good. Then get some good affiliate material and launch the product everywhere you can. It is not easy to get the best affiliates onboard. If you plan to make a quality product, you have to spend at least a few thousands on product creation, a few hundreds on testing it and again a few hundreds on the affiliate section once the PPC testing yields good results.
Few thousands? Thats a bit exaggerated. You can hire a professional writer for 100 page ebook for $800-$1000 on elance.
An ebook is not the only thing you need. What about the sales page, the logo designs & various other unexpected costs that surface up during product creation?
You can have a quality product up and running with a quality page for under 200 dollars. There is probably no other endeavor where such astronomical ROI's are possible (other than certain types of trading) If I can give you one piece of advice, don't create a product in a saturated niche. Find a new niche with high search volumes (difficult, I know), and then create a very high quality product. Don't rush your release. Test your product so that you have conversion stats on the first day.
As far as I have experienced, $200 is way too low to have a quality ebook. Sales pages cost more that. $200 is something that may get you just the site template, buttons, banners and other things. I hear that you are a copywriter. So can you create a high quality ebook and a sales page for just $200? Let me know.
Sorry, I should have qualified my statements. Personally, I found a designer who does excellent work for around 100 dollars. And yes, that does only get you a template, buttons, banners etc. But in my opinion, what else do you need? Looking at some of the super-products, what else do they have? (other than an exit pop-up). Of course, if you want a more sophisticated sales page, then yes, it is going to cost more. I should have mentioned that I create my own products. That is, I write both the e-book content and the copy. If you have someone do both the e-book and the copy, then yes, it is costly, and you will be WAY over 200 dollars. I didn't mean to mislead anyone. I should have been more careful.
I am a jack of all trade -- content writer, graphics designer, programmer, Internet Marketer, and analyst. A one-man band.... Though the trade off is -- a few weeks to months just to setup my product, where as I've could delegate other tasks to other people. I would start real small first and then work your way up. Once you have enough funding, then you can hire others and work on what you're good at. Remember, Time = Money.