Sunday, September 26, 2010

Digital Marketing Friendships and Inovation

I have a good friend who is a Sarasota used car dealer, who worked full time as an online marketer before being drug back into the dealership. One of the things he has done is keep his ebay store that sells wireless headphones.  I really did not understand how big of an operation this is until we visited each other recently.

This is a huge enterprise that could be duplicated using a different product, he has pretty much made it impossible to enter this niche because he will drive pricing down to force others out of the niche.  The key to duplicating this model would be to find a product that you could buy inexpensively, sell for a low margin then scale through various distribution channels.  Plus it would help to have a friend to help guide you.

The real key is having the friend to help guide you.  See most of the "programs" people push to others online under the guise of friendship and sponsorship are nothing more than a facade to fill their pockets with cash.  If these people were really friends it would not require money for them to give you insight on how to make money they would give freely of themselves.