Information Marketing Assignment, TU, Malaysia An info product is any product that can be digitally created, sold, and transferred to your customer
University | Taylor's University (TU) |
Subject | Information Marketing |
An info product is any product that can be digitally created, sold, and transferred to your customer. Information products have almost zero production, storage, or distribution costs. This gives info products a nearly 100% profit margin and an ability to scale that other product types can’t compete with.
Common examples of info products consist of computer software, apps, courses, e-books, dating sites, etc. We have a list of info-product examples later in this post.
Info Products Have No Production or Distribution Costs
I got my start selling white-label physical products through Amazon.com. While it doesn’t sound very complicated, there are a ton of costs from this business model.
First, you have to buy the product from the manufacturer, pay a freight forwarder to have it shipped to the US, pay import taxes at customs, the list goes on. With physical products, you get nickelled and dimed at every step of a long supply chain.
Selling digital products cuts out all of those costs. When a customer purchases, the end product is transferred from your server to their computer at the speed of light. This makes it a fantastic business model for small players. They won’t need to negotiate the best rates with a dozen people in the supply chain.
The scariest moment of my physical products business was the first big order of widgets that I made. I had to spend $20,000 to get 1,200 widgets from China to California with no guarantees that I’d make that money back.
It was a scary 5-week wait, but the products arrived, and they sold out instantly. Great news! Except I now had to wait another 5 weeks to restock the widgets so I could continue selling. During those 5 weeks, I lost thousands of customers and my high Amazon ranking.
With info products, you don’t have the same limitations on how many widgets you can sell. Stocking 100,000 copies of computer software are no different than stocking 1. This means you can go from a tiny business to a substantial business overnight.
Get Help By Expert
If you are wondering "who can do my assignment for me", Assignmenthelper.my has the answer. We provide a wide range of services to cater to all your needs and requirements when it comes to assignments. With our team of expert assignment writers who are well-versed in various academic disciplines, our clients are assured that their assignments will be completed with accuracy and precision. We understand the importance of academic assignments, and we strive to deliver top-notch results on time!
Recent Solved Questions
- Islamic Family Law Assignment, MUM, Malaysia Examination of the policies and laws established by the Malaysian government to support ta’liq by desertion
- BBF305/03: Investment and Portfolio Management Assignment, WOU, Malaysia Merry Karthik is a bank executive who has just inherited a large sum of money Having spent several years in the bank’s investments department
- PHT485 Exercise Physiology Assignment: Exercise Recommendations for Managing Hypertension
- BMG302/03: Managers can learn how to get the best work out of their business or organization: Organizational Behavior Assignment, WOU, Malaysia
- Accounting Coursework, UM, Malaysia Hakeem, the owner of Haqfee Enterprise, has hired you as an accounts assistant for his business. He requested you to help
- Researchers compare the foreign policies of different countries to identify patterns, similarities, and differences: Foreign Policy and Diplomacy in Asia Pacific Research Paper, TU, Malaysia
- Fluid Dynamics Thesis, UPM, Malaysia Many scholars have suggested theories about micropolar fluids. Although the literature includes a wide range of such theories
- Finance Accounting and Management Report, UON, Malaysia You have been hired as a management consultant to analyze the current financial position of the company
- BBF305/03: Investment and Portfolio Management Assignment, WOU, Malaysia Suppose there are an infinite number of assets with an expected return of 12% p a and a standard deviation
- Assignment: The Roles of Corporate Social Responsibility A Case Study on CSR Initiatives