The 3 Biggest Mistakes To Avoid When Creating Info-Products

By: Dave Dee on: January 10th, 2013 4 Comments

“Anyone who never made a mistake has never tried anything new.”—Albert Einstein

Recently I was reading about some of the top mistakes made in 2012.

From political campaign miscues to Apple’s Public Relations nightmare with their new mapping service to Facebook’s mobile strategy which relied too heavily on one type of technology…companies talked about what they did wrong.

Mistakes are inevitable when you are out there giving it your all to create the business and life you want. I know I’ve made my fair share of them and my guess is you have too.

There are two things about not getting it right: Don’t be afraid to mess up. Failures, mistakes happen more often to those who are most successful. So it goes to follow that the more mistakes you make, the more successful you will be.

Secondly, whenever possible learn from others’ mistakes so you don’t have to repeat them.

So here are three of the most common mistakes made when creating Info-products (and how to avoid them).

1) You create a product your clients, customers or patients don’t want.  Sometimes, especially when starting out in info-marketing, businesses create a product that their target audience doesn’t want. In fact, this happens more often than you think.  You have a great idea for a product, but it turns out that your clients have no interest in it. Or maybe they don’t like the format it’s delivered in. For example, you create a set of videos or an audio program when your customers would prefer something they can read and write notes on instead.

How to avoid: Find out if your new product or service will be successful BEFORE you create it.

With the help of computer-generated imagery, you can design a virtual product and showcase it on a web page. You can test colors, the price of your product, the benefits of using it and more before you ever actually create the product. Then, take orders and with sales already in hand, create the product.

Using Pay Per Click (PPC) is one of the quickest and cheapest ways to gather information about key points such as pricing, features that are most important to your potential consumers, who your target audience is, offers, guarantees and more.

Focus on things that will make the biggest difference, such as your Unique Selling Proposition (USP), the benefits of your product or service, pricing and things that make your product different.

You can also write a sales letter for your product and see if your target audience will buy it. If they do, then create the product, and try mailing to a larger segment of your target audience. Remember to start small when testing, using a small geographic area to test first.

What to do if you’ve already created the product and it didn’t sell? This doesn’t mean it’s a bad product. It might just mean you need to market to a different audience. Test different audience segments to see if the product will sell in a different market.

2) A weak guarantee. Two facts you have to get used to with the info-marketing business are that there will be returns and there will be people that try to cheat you. However, most people won’t cheat you and as Dan Kennedy says, if you aren’t getting at least 10% asking for a refund, you aren’t selling hard enough.

How to avoid: Because people are afraid of refunds and being cheated, often times the guarantee is weak, if there even is one. You will sell far more with a strong guarantee, even with refunds, when you have a guarantee that removes all the risk from your customer making a purchase.

The instinct here is to have a short money-back guarantee. A week, two weeks, maybe a month. However testing has shown that a longer guarantee, 90 days or a year, out pulls the shorter guarantee.

3) You take too long to create your info-product. Of course, if you follow my advice to not create your product until after you know there is a demand for it, you’ll have no choice but to create your product quickly, because you’ll have orders waiting. However, if you don’t follow my advice, you may fall into this category.  Keep in mind that the longer you take, the less money you will make. Plus, if you have a great idea and take too long to bring it to market, there is a chance someone else will start marketing an info-product based on your idea before you do. Get it done and out there.

How to avoid: Instead of waiting for the perfect version, plan to create new versions with updated or improved material. Or, if you’re having trouble, invest in whatever you need to get it done, whether that is a ghost writer or resources that hand you shortcuts to creating an info-product. For instance, Dan Kennedy’s Info-Product Recipe includes the ingredients and how to’s for developing an enduring, successful million dollar info-product that cannot fail.

Adding info-products to your business is one of the smartest (and most lucrative) business decisions you can make. Don’t let the fear of making mistakes stop you. But avoid them whenever possible. And remember every day you wait is another day you aren’t making money on your idea.

NOTE:  Want more insider information on how to leverage marketing and sales to improve your business?  Click here to claim your special free bonus of $633.91 worth of marketing materials.

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    About The Author: Dave Dee
    Dave Dee is one of Dan Kennedy's most successful students. Dave saw Dan speak over 16 years ago at one of the Peter Lowe Success Events when he was a struggling magician. He bought Magnetic Marketing and as you will hear when he tells you his story, his life changed in less than 90 days. Dave became a very serious student of Dan's by attending my seminars, joining his coaching group and most of all from implementing what he learned. Dave has become a top flight mentor and expert and is the GKIC Chief Marketing Officer. For more money-making marketing tips, tactics and strategies, go to www.GKIC.com

    4 Responses

    1. Mark Gubuan says:

      Yeah, I’ve been in the boat of never creating a product and seeing someone else create a similar product. For me the problem was resourcing. I think hiring someone to help is the right thing to do. Great post.

    2. Mike says:

      Good article….I have a question regarding setting up a sales page before actually having a product…I am going to be working on this soon. Do you usually use Optimizepress? Also how do you track who would buy? Do you use an email form? Maybe have the user fill out the form saying that the product will be released in the next 30 days and enter their email if they are interested?

    3. I’m getting some great info and tips which are narrowing my focus on what I should be doing to get success at this.
      I’ve just bought the product, I bough ULGM and Cash Copy Clinic.

      Getting the ideas to put flesh on the bones takes some thought.

      Thanks for this guys.

      Cheers

      Paul

    4. When you make mistakes, you should learn from them and then move on to the next thing. Learning from your mistakes helps you to grow and prosper because in learning from those mistakes, you gain valuable insights on what you did that made the thing turn out wrong, and with that bit of knowledge, you will not do it again.

      More often than not, the most successful people make mistakes, some of them really huge mistakes that we never hear about. That’s because these guys are too busy trying to paint a beautiful picture of what Internet marketing is all about minus the mistakes and shortcomings. They don’t want you to see those. Instead, they want you to think that everything is hunky dory when in fact, it isn’t as rosy of a picture as you think that it is.

      Let’s face it, creating information products can be down right ugly at times, especially when searching for content to use, putting it into the right format, and so on. Then there are the delays, setbacks, people not delivering on what they promised you, and so much more.

      However, what the outsider sees is a perfectly designed and well-crafted info product that doesn’t show any of the errors, and mistakes that were made by the entrepreneur who created it, or had it created for them. Just remember that when you go into the business of creating and selling your own information products, you’re going to make some mistakes, some large and some small, but the main thing is, is that you learn from those mistakes and move on to ensure that the product is completed on time and ready to sell. Then when the next time comes around for you to create another product, you will know what to do to avoid making the same mistakes again. So making mistakes is really a good thing because they help us to learn, and they help us to become more innovative in our work as info publishers and entrepreneurs. Just don’t beat yourself up over your mistakes. Instead, use them as learning experiences because that’s what they are.

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