Hi I got an e-mail tonight about this new $7 ebook that is being pushed by Joel Comm and others. It sounds like an interesting idea. The main thrust of the book is to make easy info products and sell them for $7 and then allow whoever bought it themselves to resell it and keep the seven dollars. The payment is supposed to go into your paypal account right away. The creator of this program, Jonathan Leger, gives you the scripts you need to resell his book as well as the info you need to copy what he is doing. Does this have a chance of working? The link to the page is in my signature box below. What do you think?
Its not risky or a scam but it is a wonderful concept known as "Viral Marketing". Everyone is starting to talk about this but the REAL aim of this is to build a list. Once the guy builds his list - say of over 5000 people, he can choose to sell his next report at $1 to that list. If 80 per cent of his list buy his report thats EASY money right there. The main thing to note is it is not the information in this report thats important but the way you can copy his method and sell his report to other people, hence making yourself money and making him money. The concept of WHATS IN IT FOR ME is important in Internet Marketing.
It's not a scam, it's an affiliate program. Instead of earning a commission on the sale, you earn 100% in your paypal account (Jonathan has a free script for that). I bought it, and I am promoting it. I earn commission (I must say sales) everyday since one week. Even if you don't promote it, the information inside is much more than $7. It can put thousands of dollars in your paypal account.
I don't have the scripts myself (since I wrote my own a week or so before his came out - great minds think alike ), but I am certainly enjoying the benefit of a tidal wave of $7 products!
It's a good little read to be fair. Like WillB, I was also considering creating and selling cheap reports before JL brought out this report. What I hadn't considered was how to make it viral so other people could sell it and build my list at the same time, which is what is discussed in the ebook.