Saturday, October 07, 2006

How to make money from Payloadz


Here's something you might not know about how to make money from Payloadz: Sell a PDF document cheaply while offering a free phone consulting session.

Indeed, it is difficult to sell a PDF document as a standalone product, unless you're a great writer and your content is original. Most likely, the case is neither. Therefore, people will not want to pay for information when SO MUCH information is available for free on the Internet.

What people will pay for is "information + instruction." The phone consulting session takes care of the instruction part, where you apply the information to the client's specific situation or just answer questions she may have.

This is great for you as a digital goods seller also because you get to connect to the client, and can therefore sell to him more stuff in the future.

The idea of selling information + instruction is not mine, I got it from Perry Barlow and Esther Dyson. They say that it is the application of knowledge and information that creates value, NOT information or knowledge per se.

I think they're totally right. Especially with Internet telephony (Skype, etc.), it becomes easier than ever to connect with anyone in any country, and offer them the opportunity to learn from you.

It is just a matter of time before Payloadz develops a telephony service, like eBay, where buyers can connect in real-time and voice-to-voice with sellers.

Monday, October 02, 2006

Path to financial freedom, part 2

In the previous posting, I included a map of basic issues to consider if one is to achieve financial freedom.

Linkedin is a nice tool, but ultimately, if it is not used to realize one's dream of financial independence, then it's not much use. It would just be used to get yet another job, but as we all know, a job is only a short-term solution to a long-term problem: How to achieve financial independence.

If you have to wait till retirement to become financially independent, then I think you might be waiting your whole life for nothing. Getting a decent pension is not even guaranteed.

This is why I decided to talk about financial freedom and what a person can do to achieve it.

Notice that in the mind map, I used a lot of "You must." Of course, I don't mean to be dictatorial, I only wanted to stress my strong belief in what has to be done to control one's financial destiny.

In future editions of this mind map, I will provide more juicy details as to how you can begin the journey to financial freedom.

It's a long, arduous journey, but it can be a lot of fun if you master a few basic principles and habits.

Sunday, October 01, 2006

Path to financial freedom