hey everybody this is pat flynn from the
smart passive income blog you can find
me at ww smart passive income calm you
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just want to hear from you today I want
to go over really quick I'm and spend
four minutes with you and tell you
exactly why I love to sell electronic
products as opposed to physical products
and why I want to stay away from
physical products when selling stuff
online electronic products are things
like you know ebooks audio files video
and even code type stuff like wordpress
themes or even iphone apps account with
it for this and even a you know
membership websites because membership
what websites can be a combination of a
bunch of these things and it's all done
online so that's those are electronic
products that I want you to think about
and the reason why I love selling those
is because if you remember this business
model i showed you before and this is
the business model that i use is passive
income business model where customer
comes to your website find the product
that likes fills out billing information
after that billing information is
completed and approved you know an
e-book or whatever the electronic file
is gets automatically sent to the
customer or if it's a membership website
you know registration information
automatically gets sent to join that
website and have access to all those
electronic files so after that's
automatically sent to the customer
you're sitting here and all you do is
get cash and this is the model that i
use and you know it can only happen with
an electronic product and that's why i
love this because you can just sit here
and accept cash all day and not have to
do anything with a physical product and
i mean i'm sure you know that you have
to go to the post office but it if you
look at it in a graph form like this
it'll show you exactly how much more
work needs to be done so these same
steps need to happen and after the
payment processor you know gets notified
of a real payment you get cash right but
you also get an address
that you need to send whatever that
product is so you go over here you
package that product then you have to go
to the post office then you stand in
line and then you ship that product and
then you know money is spent here and
money is spent here money is spent here
so all this money here is just getting
lower and lower and lower and you know
you're the amount that you get at the
end is less but it doesn't even stop
there because once you ship it you know
it's good etiquette to send tracking
information to the customer so that goes
here and then after you ship you know
that whatever product that is goes to
your customer too but what if it gets
damaged or what if he doesn't like it
he's gonna have to send it back so he's
gonna go package it and then he's gonna
go to post office and ship and then you
know probably some a tracking number to
you and then you're gonna have to pay
him back and you're gonna lose money
from all these things that you spent
because you're gonna have to pay the
customer back the money and just gets
really really crazy you know there's a
lot of stuff to deal with and you know
you might make more money you might make
more money if you send physical products
but I choose not to do that because it's
not worth my time to me you know this is
enough money for me to live happily and
not have to worry about spending so much
time doing all this crap so I hope that
makes sense for you just something I
want to show you about how crazy sending
physical products is and this is just my
take because it's my lifestyle that I
want to design for myself because I
don't want to you know go out there and
ship all those things so you can do
really successful selling just
electronic products that people will buy
and if it's an e-book they can print it
out if they want to and then you're
saving paper because some people might
prefer to have it on the computer so
just my thoughts left here you guys
think if you think I'm crazy because I'm
losing out on a lot of money that's fine
you know in a perfect world I'd have
someone working for me to do that for me
but you know I don't even want to deal
with that type stuff so call me lazy but
you know I'm making money
online and I'm not putting much work
into it so let me know we think thank
you guys I appreciate it if you want to
head over to smart passive income com I
love to hear from me there again please
rate subscribe comment left here for me
thanks guys appreciate it have a good
day
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