In this post i will show you exactly how i get #software projects started at the lowest cost and with as little risk as possible, in part 2 i will show you how i get a rough draft of a #product done within 20 minutes.and good enough for me to pass on to my coders and get an approximate cost and timeline for completion.
Before i do that however, i want you to take into account your own experience of buying internet marketing products that once you had purchased you felt were incomplete.
This is a common occurrence, and i actually haven’t got a problem the way i release my tools, which are mostly as beta versions at knockdown price to my own subscribers, but with the promise that we will be adding more to the software tools in the next few days from release…
BUT i do have a major problem when a product is created just for a product launch, and its obviously not been taken as far as it should have even for obvious features, and when that product has had major hype attached to it.
So what i do is create a phase one stage when if all is good, we will release it and phase two is already underway.
This is important for new or less experienced product creators, especially if you have a list of subscribers as it does have some major advantages.
- First, it allows you to give your own list a discount and builds goodwill
- It allows you to part pay a coder to get started on the project and pay the rest after testing phase one, which for me means if its working then my list gets an offer for it the same day which brings in cash to reinvest.
- The above point is crucial because regardless if you have the money to pay the coder or now, you are setting up a system to make the software pay for itself and generate its own income for added features and phases.
- You get feedback extremely quickly about any bugs and feature suggestions.
- It also keeps the coder invested in the product as he has only been paid half of the cost for phase one until he sends you a working delivery.
Make sense so far?
OK so now you learned some neat ways to get products created for you in a way that wont kill your cash flow and has some security built in and to take a long term vision of a finished product and have it broken down into a sellable phase one or 1.0 version , which provides you cash to reinvest into phase 2.
Now how do you develop the product idea?
It’s actually one of the simplest things ever, and once you get into this way of developing your product ideas, then you will be able to knock them out consistently, in detail and very fast.
You have to work at it though and you need to be committed to doing products.
It takes more than money, it also takes confidence, belief and consistent focused action.
Now, i don’t want to be a kill joy here but i know that a lot of people are really interested to do products and several have asked me about how i have become prolific at doing them. There is good and bad news for those that do.
The good news is that i will be offering a mastermind group and i will get you knocking out great products as long as you apply yourself!
The bad news is that its not cheap, the cost will be $2000 and a percentage of your sales.
If your interested please connect with me from the contact box at the bottom of the blog and leave a skype ID for me to connect with you.
I recently helped Holly Cooper get up and running and she has done fantastically well by creating a 6 figure product at the first attempt. This was possible because she worked hard, she applied her self, has a lot of enthusiasm and she really did very well with the tools, connections, advice and listened to any guidance that i gave her.
Holly has a great product, and with our help by giving her an audience, a pre launch build up (quite accidentally lol, but we maximized the situation), writing sales copy, setting up her member site, sales funnel with jvzoo and zaxaa integration, providing access to our licensing system, go to webinar access, pricing strategies, introduction to a lot of top affiliates and a bunch of other stuff, we certainly played a major role until she was able to run with it on her own.
Its not easy for a new product creator to be able to put together a product with all these elements factored in, and that’s why many never get a product released. We take all of that away from you but the product has to be great and we allow you to focus on that with a lot of guidance.
Part 2 inn the video below covers one of my product idea development strategies, it is an over the shoulder video and you can watch a product idea being created randomly, but live with a 20 minute deadline :)