One of the best way to create a great income on your path to wealth is to create a product that can sell over and over again without you having to do any more work on it and therefore create a residual income, especially if you can create an automated sales process or have other people (affiliates) selling for you. This product for instance can be a book, CD/CD ROM, or DVD, it should be something that people need and they will want to pay for. If you can create a product or service that your customer or client will use over and over again and pay you for it on a regular basis that's even better.
A great question you can ask yourself is:
What can I sell at a premium price that is of greater value than the price that your client/ customer paid for it?
It's my belief though that if you're selling the product for £20 it should be worth at least double that to the client/customer, so that if asked (in theory) they would be willing to pay that. Of course the product shouldn't cost you anything near that £20 to produce and market, so you can make maximum profit.
Of course once you've got a list of clients/customers you can then create another product or service to upsell to them, and once they have used your last product/ service and seen the value to them, why wouldn't they buy again.
To your success
Paul
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