The Blockbuster Benefits Of Selling Information On The Net
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An entrepreneur on the Information Superhighway sells information, in fact, almost all successful online businesses sell information in some form or another.The most famous example is Bill Gates. He has become the one the richest man on Earth because he sells software, which is an information product.
So what’s the big deal in selling information products online? Let's check out some of the benefits in doing so -
1) Low Start-up Costs
In comparison to a traditional bricks and clicks business, an online business requires low start up costs. For example, a franchise will set you back as much as $500,000 or more just for the rights to get started. You can start your own information business for less than $1,000.
2) Low Inventory Costs
You keep little or no inventory. Most information products can be produced and compiled into electronic format. As you can see, today information products are ebooks, manuals, as well as software. You have no inventory cost except investing in some software in the first place. Compare that to a traditional publishing business which might cost you thousands of dollars just for printing, labor, storage, etc.
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