| How to Choose the Right Niche for a High Priced Product Funnel, Part III |
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Then maybe you'd sell 3 units a month for an average of say $1700, and that would be the last $5,000, or something like that. Generally you don't see people making more than $10,000-15,000 per month online unless they have several products.
Then maybe you'd sell 3 units a month for an average of say $1700, and that would be the last $5,000, or something like that. Generally you don't see people making more than $10,000-15,000 per month online unless they have several products that they're able to offer people. So going back to point #2 that I gave you, this was kind of an aside because I wanted to give you an idea what that profit funnel or product funnel looks like, but what you want to do is find out if in your particular niche other people are selling more than just that introductory product. If you do some research in your niche and you find that almost everybody is only selling an introductory product, what that probably means is that it's very difficult to sell a higher-ticket product in that market. What it will also mean is that there's very little profit in that market. This is a very generalistic statement that I'm giving you. Obviously it could be a $100 product or the product/profit funnel may look a little bit different, so it's very generalistic but the idea is very much the same. If most people are just selling one product and there's no profit funnels in your niche, then probably it's not a niche where you can make a lot of long-term income. Now there's a couple different ways that you can kind of do some research, some real live market research into your niche, and you can do it starting today |
