The nature of your audience counts, too. Do they prefer text, audio or video content
(or a mix of all three)?
Beyond that, the medium that takes the most effort on your part will probably be the
most profitable. For example, a dozen audio files will command a higher price tag
than a dozen chapters in an ebook. And a dozen videos, complete with transcripts
and worksheets, will command a higher price still.
4. Profit From Functional Products
If informational products allow you to learn something and are largely digital in nature
(paper books and shiny plastic discs being the exception), functional products allow
you to do something and are predominantly physical (the exception being software).
Software aside, functional products come in three flavors…
Once you’ve cleared out your attic, making money from used goods is tough. The
profit margins on common products like used books is generally tiny, meaning you’ll
need to sell them in industrial quantities to make a living. The best social video suite review , then, is
to specialize – in rare first editions, say.
For handcrafted goods, you need to have skilled fingers or a strong artistic streak (or
both). Even then, it’s best to keep your inner-artisan well out of the way while your
inner-solopreneur identifies profitable gaps in the social video suite review.
Manufactured goods have wildly differing potentials for profit … At one end of the scale sits the humble widget that is indistinguishable from all
the other widgets out there. At the other end? The everlasting light bulb.
Competing on price is tough, so avoid those generic widgets. Universe-denting
inventions are even trickier to pull out of the hat. But somewhere between these two
extremes lies the perfect social video suite review for you.