Is there such a product that can be 1000% profit or more?
Let’s look at how a product can actually be sold, talk for you and your friends and be sold to them too and then keeps on being bought over and over and over again.
Well I was explaining to Ameera about this earlier. You see the perks of being my INTERN. You get the ideas first hand..
So yeah I couldn’t send the Islamicevent.sg newsletter last week because I was creating this new product which can be sold, talk for us, get people talking and advertise for us for the next TWO years. Sounds like a passive income machine HUH!! Not really, this system is not a recurring system but its an identifier system. Meaning I’m selling my brand not the product.
How in the world can you advertise to someone for 2 years for FREE?
Well that is a trade secret.
Well here’s a simple idea ! Just look at the COKE drink?
When you buy the drink, ask yourself why did you buy the drink?
Now zoom into the past and try to remember when you had your first Coke. Ok perhaps you were too little when your parents bought you your first coke. However from that age you drank coke, did it felt “nice”. Try to remember that? Do you remember how the coke bottle or CAN look like back then compared to today? You are making comparisons already right?
So now back to my question. Why did you buy the COKE drink? ( in the present )
Well simply because you remembered all those information about how it taste and how the BOTTLE / CAN looks like. Well all these eventually goes into the topic of BRANDING and how that product can be etched into your mind. To be more definite your SUBCONCIOUS MIND.
Well to make it simple. Its a brainwashing effect. Every single one of us are brain washed in one way or another to get people to buy our products or services. So the Coca Cola company have won millions of hearts around the world just by their branding. Today without them promoting, there will be someone in any cafe or coffee shop ordering that drink. So you do you see where the 1000% profits are coming in.
So my point is. Are you just selling your products only? Is your brand making an impact? All these ideas were thought of through reading
1) The Purple Cow by Seth Godin ( How to be remarkable )
2) Learning about Auto Responders
3) Understand advertising Frequencies
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Salaam Fadzuli,
Here is my humble opinion on your article bro, to take Coke as example may be a little far fetched as I believed Coke spent millions of dollars on corporate branding in all forms of media worldwide. And this budget may be way out of reached for normal startup business like your intern and myself is doing.
To me a better example will be the “Axe Brand” medicated ointment product. They really gave what the consumer wanted without all the frills of branding. And I can safely says this product have gone beyond generation as what my wife, her mum and her grand mum have been trustingly using it after all these years.
My own conclusion is good product goes beyond great banding. But great branding gives mileage to good product.
My humble opinion.
Salaam Bro..
Wa’salam,
Yup I agree on your comment. In fact both goes hand in hand. They need to be formulated right in order for it to fly, be viral and remembered.
Well the millionaire dollar ad campaigns to me is just to keep it going which many small business cannot do. Even the Axe Brand are having huge banners these days to reinforce their branding.
But when you start out, its all about the product first. Like I always mention to people in my classes. Is your product/service good and do people talk about it?