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The Life Cycle of Online Products

Like many things, products go through a cycle during their effective lifespan. These cycles are regular and predictable. A formal life cycle can help build an understanding of the pattern of stages that a product goes through.

There are many different life cycles each based on the focus and pattern, which the author is observing. In this article, I’m going to share a very detailed nine-step life cycle of an online product.

1. Plan

A good online product begins with a plan. The plan details much of the background information required for the online product. However, only the requirements for the product are provided.

2. Design

In this stage, the requirements are given form. The online product that was described in the plan is defined in detail. A detailed outline of the product is produced.

3. Produce

This stage varies depending on the media of the online product. For example, an eBook is written at this stage. A teleseminar on the other hand may be written but it definitely is presented and recorded.

4. Package or Publish

The online product is still in a rough state at the start of this stage — although it is in fact complete. This stage polishes the product and adds elements that turn it into a professional, salable product. For example, a video will have opening and closing credits added and a cover designed.

5. Generating Traffic

At this stage, the product is available. However, sales are not actually occurring. Instead, traffic must be generated in order to ensure that sales are sufficient to justify the costs so far. This is often referred to as a pre-launch stage although it can occur after the launch.

6. Marketing and Selling

At this stage, the product is available and the traffic has reached a stable point. Sales are reasonably stable. In this stage, the marketing emphasis has switched to finding the right types of traffic, rather than the growth focus of the previous stage.

7. Declining Sales

After a period of time, almost all products begin to experience a decline in sales. This may be because of market saturation or real or perceived obsolescence.

8. Bonus

Finally, the sales have dropped to the point that marketing and sales efforts fail to produce sales. At this point, the product is retired from sales. However, it becomes available for use as a bonus to support the sales of other products.

9. Retirement

Eventually, a product will cease to be of value even as a bonus. At this point, the product will be removed from the products for sale list.

Ideas For Online Products

Affiliate Marketing Products – Discover the Best Products to Sell Today

One of the most important components to become successful in the field of affiliate marketing is choosing the right products. Affiliate marketing products are your primary commodity in which success or failure of your affiliate marketing business is heavily dependent upon.

The question is from the multitude of products available, how do you choose your affiliate marketing products? Another question will be is there such a thing as the right affiliate marketing products?

The first logical thing to do is to do extensive research on the available affiliate marketing products online. You will see that not all the products will sell vigorously- some sell like hotcakes while the others may need a little more boosts. Also, you will note that not all products will have the same payout in terms of commissions. Certainly, you will want to choose a product that is a combination of both- easy to sell and offers higher payouts.

Another consideration in choosing your product is how you feel towards the affiliate marketing products as well as your level of expertise. It is easy to get passionate about something that you are familiar with. Therefore, it is better to choose products that aside from catching your interest; you possess some level of expertise. This way, you will not see the endeavor as a daunting; rather, you will enjoy every minute of it and you will find yourself so engrossed with your marketing efforts.

It will also help to choose affiliate marketing products that will address the needs and wants of the market. In a way, you already have a ‘pre-sell’ of your products. With the right system, you will realize that when the market need and want the products that you offer, they themselves will come to you. It’s just now a matter of establishing how credible and reliable you are in delivering the affiliate marketing products you offer.

Usually, affiliate marketing products that are in demand, are ironically also the products that pose greater difficulty to earn a profit from. Primary reason is stiff competition. Naturally, affiliate marketers will flock to products that are considered as best-selling or hot-selling. You will face tough challenges to break away from competition. Unless you love the challenges, it will be safer to go for the less popular products where competition may be a little bit relaxed, and build your niche on it. This is especially helpful for those who are just starting their affiliate marketing business.

The next thing to do is to determine how much time and effort you can place in promoting the affiliate marketing products. If you have all the time in the world, it is wiser to go for products that are less popular but from which you can establish your unique position in the market. There are several tools and marketing strategies like web content marketing to promote the products with; in less time, and with your efforts and determination you may be able to transform the products into hot-selling products and earn for you considerable income in the process.