Marketing Product Strategy – Fill the Biggest Need

It has been quoted that there are two things certain in this lifetime, death and taxes. Now, it would seem to me, if a savvy marketer was to create an effective marketing product strategy, she would want to market a product that people actually need. According to the first quote, there are really only two needs in this lifetime. Those two needs are air and money. No air results in death. No money results in evasion of our requirements.

Enjoy the free air. Air is not such a perfect marketing product strategy, because, even though it is a need, it is also in great supply. It wouldn’t even do us much good to market air to someone who lacks it. R.I.P. my needy customer of air. Sadly, we must let go of the idea of marketing air.

Everything but air can be bought with money. Yes, even love. Don’t believe me? Go visit your local pet store and ask for their unconditional animals’ love for free. Sorry, the door’s that way. It has even been noted that the hardest strain on a loving marriage is finances. Love may make the world go around, but it is money that pays for the ride. Money buys food, and it even buys water. The only thing it doesn’t buy is the thing we cannot market, because that is free.

So if we are to choose a marketing product strategy, doesn’t it make sense that we market something everyone needs? Doesn’t it make sense to market money? We could market the dollar bill, but honestly, what would be the point of that? Yes, there must be a marketing product of money that holds its value, even in the worst economy.

Doesn’t it make sense to market money that holds its value? Doesn’t it make sense to market something our DNA already knows? Doesn’t it make sense that our marketing product strategy focuses on gold and silver? Doesn’t it make sense that gold and silver be crafted in the form of collectible money?

If you are not directly marketing gold and silver money, graded, U.S. mint collectible money, my friend, do you think you should? Any other product is targeting a niche. Niches are market segments of people with specific needs. Have you ever heard of someone saying, “yeah, I just don’t need any more gold and silver coins.”

You see, your product may be excellent. It may be quality. Your product may solve a problem. Your product may even come in bulk. But the best marketing product strategy ought to focus on a unanimous need. Ideally, a marketing product strategy should focus on U.S. graded money, in the form of collectible gold and silver coins. Everybody needs it. Everybody wants it. Everybody requires it.

However, not everybody deserves it. Yes, I said deserves it. The feeling of deserve is actually created within. Sadly, not everyone feels they deserve it. You may have the best marketing product strategy. But until you feel you deserve to market the best product in the world, you will choose something else period. Isn’t it time you said enough is enough? Don’t you deserve to market the strongest product?

Direct Marketing Products – Good, Better, and The Best

When a home business owner is considering which direct marketing products they want to sell several questions should come to mind:

1. How much manual labor is involved per sale?
2. What are the operating expenses for my business?
3. If my goal is X amount per month, how does that break down?

I Didn’t Work This Hard For The Man

Running a business demands work, but the home business community all agrees that we’re after a certain lifestyle. We want the time with family and friends that our job makes impossible.

Setting aside the time it takes to set everything up, what sort of time demand will my new business ask of me daily?

Different home business opportunities will insist you only need to spend 2 hours per day but no two people work exactly the same way.

If we understand what we’ll have to do in advance, our own estimate would probably be more accurate. When we have the advantage of a working system or model it is easier to break down the daily tasks, which makes it easier to anticipate how long each will take.

Why Am I Still Losing Money?

Direct marketing products require some type of advertising either by mail, email or online. While advertising can be expensive, there are many ways to promote our products with little to no cost.

Some companies pay thousands in advertising to generate millions in profits. We can expect a ratio based on our advertising and our return on investment.

It’s important to advertise without overspending. Setting the budget limit per week or per month should prevent this from happening.

What Financial Return Do I Need Per…

We usually set our goals for a new business on a per month basis to follow billing cycles. This amount needs to be broken down into daily goals. By holding ourselves accountable to the activity necessary to reach daily goals, we’ll reach the monthly goal.

For instance if we need the business to generate $10,000.00 per month, we’ll need at least 2500 per week and 500 per day on a 5 day workweek.

If I know this prior to deciding which direct marketing products to sell, it’s easier to answer my other two questions.

The Good Products

Using an online store or website, any number of common products can be sold through the drop shipping method. This is also true for many MLM businesses.

Profits are calculated on the difference between our price and the purchase price. Shipping can either be added to the customer’s price or reduced from our profits. Either way we can calculate how many items per day we would need to sell in order to reach that $500.00 goal.

In the case where the items we sell have a wide range of prices, we might need several months to determine an average order. When we have the average we’d know how many orders per day are needed to reach our goal.

The Better Products

Any item that can be downloaded, whether we created the product or not, has a more profitable margin for several reasons:
a) No inventory costs, storage costs, manufacturing costs etc…
b) No importing, exporting or shipping costs are necessary.
c) Cost per item is usually low enough to attract more buyers.

Owners of intellectual products make it a point to tell prospective marketing affiliates the profit margin on their material.

Business for e-books is booming because most marketing professionals understand how to quickly setup campaigns to move these resources. Every one of these direct marketing products represents a unique income stream; most are capable of reaching our monthly goal on their own.

The Best Products

The top tier isn’t simply reserved for items that cost a lot and produce generous income to the marketer. These are the products that perform.

Whether in the form of a physical product, a membership or an investment, these products are typically designed for increasing wealth.

People aren’t going to buy top tier products unless they have faith that these products will benefit them far beyond the purchase cost. These products stand upon a proven track record, not the endorsement of late night infomercial actors.

Finding What We’re Looking For

The law of attraction is at work for these products for two reasons:
1. The people who want them are already prepared to meet the cost.
2. Once the marketer has managed to introduce these products to the people who want them, their work is done.

Not everyone has the self confidence necessary to act upon their desire for great wealth. Most people are too timid to overcome the purchase price. The marketer can do nothing more than bringing together the people who want a product, with that product.

5 Secrets for Selling More Network Marketing Products

Many people fail to make many sales at network marketing and become very disillusioned with the whole network marketing industry. You, however, can change this for yourself and become a network marketing success story by following a few simple rules.

1. Sell More Network Marketing Products by Marketing to People who are Interested

Does this sound obvious? The truth is that many people actually don’t do this and that is why they don’t make any network marketing sales. Just think about all the network marketers who are chasing their friends and family to try and get them to buy when they are interested and you will know what I mean. Instead you need to find out who is interested and market to them and this means using normal marketing methods such as internet marketing, offline brochures and flyers, newspaper and magazine advertisements, etc.

2. Sell More Network Marketing Products by Taking Your Network Marketing Online

If you have not already done so, then it is time to get your own website for promoting your network marketing business. A website is a powerful tool when it comes to marketing because it allows people to find you, get basic information and automates a large part of the sales process so that you only deal with people who really are interested.

3. Sell More Network Marketing Products Using Viral Marketing

One of the most powerful ways you can promote any business is with viral marketing and if you learn how to use this extremely powerful marketing tool you will sell more network marketing products. Create an ebook or piece of software with your advert in it and then distribute it free and encourage others to distribute it as well and your marketing message will soon be spread much further than you could spread it alone.

4. Sell More Network Marketing Products with Your Opt-in List

Another powerful way to sell more network marketing products is using an opt-in list. When people visit your website they should be encouraged to sign up for your newsletter. Once they have you should build a relationship with them and get them to trust you by providing useful information and only once you have built this relationship with them should you start really selling. If people trust you they will be a lot more likely to buy from you.

5. Sell More Network Marketing Products by Focusing on the Consumer

When speaking to someone about your network marketing products try to see things from their point of view. Ask them what their needs and desires are and then try and match your products to these needs and desires. By matching your products to their needs and not trying to make them need your product, you will be a lot more likely to make more sales.

In the past many network marketers have failed because they have not understood how to properly market their products. You can become a network marketing success by learning some simple marketing techniques and psychology and using these to your benefit when selling to clients.

Choosing The Right Network Marketing Products

Your choice of network marketing products is one of the primary considerations that needs to be undertaken when considering a network marketing business. Today there are nearly 5,000 MLM companies in operation today. Of those companies the majority offer products in the health and wellness market place.

So how do you determine which network marketing product is the most suitable for your long range goals?

The first consideration that needs to be evaluated is market demand for the product. Does this product have a natural market demand on its own, or would you need to also educate the market place about the existence of such a product? It is obviously much easier to sell a product that already has a an identity in the market place. For example the average person on the street can immediately recognized why they might need a degreaser, mineral makeup, synthetic motor oil or gold and silver coins. (all are offered through MLM companies); however, they might be a little more uncertain of why they might need an Acai berry juice, or other lesser known health supplement. If there is going to be consumer education involved in the retailing of your product, you need to realize that your business will take additional effort.

The next consideration is marketplace viability. Consider the competition in the market place. Are there equivalent products in local retail establishments, and if so how does the pricing of your product compare? If there is an equivalent product in the market place, does the brand carry enough recognition to overcome the price and availability issues? For companies like Avon, Mary Kay, Fuller Brush and Amsoil this has not been an issue. They have developed sufficient brand loyalty and following in the market to overcome the issues of competition and availability.

The next consideration is market place demand for your product. This should first be evaluated in your own life. Is this a product or service that you currently use or would use? Next consider the patterns and habits of those around you. Are they likely to use these same products and services? The higher in demand a product or service is, the easier it will be to find a market for that product or service.

The primary consideration when choosing your network marketing products is your belief in them. If you do not believe that your products are the very best and do not have conviction in sharing that belief, then you may want to consider other options. Your belief in a product, supported by your own experiences and testimony creates a compelling reason for others to try those products as well.

Finding the right product for your network marketing business is a key first step to your long term success.