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
- BBPB2103 Human Resource Management OUM Assignment Example Malaysia ,This assignment requires students to apply the human resource knowledge they have acquired, specifically in the job interview.
- Accounting and Finance for Managers Assignment, PBS, Malaysia Working capital management is a critical part of a company’s financial management. Sales, profitability
- MTH61304: Engineering Mathematics II Assignment, TU, Malaysia The Heaviside unit step function is a function that can “switch on” and “switch off” at a given term at a specific value of time
- MPIS7103 – Management Information Systems, Assignment 1, CU, Malaysia
- BIT2024: Implement (code) any of the searching and sorting algorithms: Data Structures & Algorithms, Assignment, MUST, Malaysia
- Introduction to Statistic Assignment, UiTM, Malaysia Sabah Electricity Sdn Bhd in Kota Kinabalu is conducting a survey to find out the average monthly consumption of electricity
- ISB42503: MODULE 1: Agent and Product Management: Internet Programming Assignment, UNiKL, Malaysia
- Analyse the challenges for the business to go international using digital marketing and give suggestions to overcome the challenges: Digital Marketing, Assignment, Malaysia
- Strategic Management Assignment, OUM, Malaysia Introduction of KPJ Healthcare Berhad including its vision and mission statements, objectives
- Project Management Assignment, LUC, Malaysia Construction is one of the important industries which contributes to the economic growth in Malaysia