Doing WSO ResearchOn this second day of my 40 day challenge, I have been working my way through all of the WSOs that I shared with you in the post yesterday.

Ironically, this has kept me from actually starting one of them already. What a classic example of  too many shiny objects!

I thought it would be a good idea to let you know what they all cover, so you can decide for yourself if a particular one would be better for you to work on.

I think it’s fairly clear what the two Kindle WSOs are about, but they are slightly different in how they approach the subject.

Nanoniche Goldmine is all about discovering great niches for small but very targetted Kindle books. Teatime Books is much more about the creation of quick Kindle books, so I think these two will work together.

I like the idea of publishing Kindle books, since you end up creating assets that never go away. Some of the more service-orientated WSOs need you to carry on doing the same task over and over to keep the cash flowing and that just feels like a job to me….of course with the proviso that you can eventually outsource it all and just live off the profits.

Fast Cash Commando feels like it falls into that category a fair amount. It contains 6 quick way to bring in cash and may work better as a way to get some seed money so you can jump into other things, especially if you don’t have a lot to invest in stuff like paid advertising.

I’m not sure if I have made the right choice with Loophole Cash Cow as it deals with selling on eBay, but with a twist to product niche discovery and product creation. It has a fair amount of good feedback on the Warrior Forum, so I will leave it in for now, but I will be checking out some of the terms and conditions on eBay before I make my final decision.

The remaining products all seem to be variations on a theme of finding a niche and then creating a product to match and sell in that niche.

The Free Traffic Income System from Alex Malave makes some extravagant claims about how quickly it can succeed for you, so I will see if it lives up to those claims.

The Rapid Income Funnel WSO and the Fast Track Freedom WSO both delve into setting up a full sales funnel. Robert Brauer concentrates much more on selling in the Internet Marketing space (that’s you lot!) and Anthony Tilley goes farther afield, but they talk about similar things.

Cory Ross in his One Man Freedom System also covers setting up a full niche empire from scratch and the pages in his system look very comprehensive, but a quick scan through makes me think that this would be a course that leaves many beginners floundering. It seems to cover a lot of the “what”, but not so much of the “how”. Again, I’m going to reserve judgement until I have looked through it again, but it may not get to the final stages of the challenge.

In the final analysis, I think I am going to kick everything off with  Fast Cash Commando, Loophole Cash Cow and Free Traffic Income System. That way, I hope to really “start from scratch” as some of you may also be doing.

Tomorrow, I’ll show you the accounts that I have set up (just to prove that I’m not cheating at all).

In the mean time, you should try to go through anything that you already have in place that might help to produce something you can sell. These could be skills, old websites, subscription services that you can work for others, anything. By starting to think about these things, you will be ready to jump into some of these WSOs as the challenge progresses.

If you want to start reading from the beginning of the series, you can find it here.

About Martin Percival

Martin Percival is an Internet Marketer with 28 years of experience in the IT world. He uses his technical skills to help others gain a foothold on the internet. You can track him around the internet on Google Facebook and Twitter

2 Responses to “40 Day Challenge Day 2 – Inside the WSOs”

  1. Dennis

    Martin,

    I got here from a link in a comment you left with Alex Safie. Lately I’ve been wishing that some organization would review all these WSO and other IM products and Gurus. There are tons of folks willing to create “review” pages to get others to click their affiliate link to buy the product. Of course they are all completely honest and impartial. 🙂

    OK, so this is June 9 and no posts on this challenge since May 23. Are you and the project still alive and well? Or are you waiting until the end of the project to give the results?

    Also, there is no statement under “Speak Your Mind” regarding if my email is safe with you as there is on Alex Safie’s site. [Mail (will not be published) (required)] That might help get more comments from folks.

    Dennis

  2. Martin Percival

    Hi Dennis,

    I had every intention of making this a day by day account of my progress, but typically got distracted by several other aspects of life….

    You make a good point about impartial reviews and it’s a fine line to tread if you are trying to review stuff – should you only ever review the good ones and then appear biased because every link is an affiliate link? Or should you throw in the good with the bad? At the end of the day, I guess we all want to get paid in some way, so it’s a tricky decision.

    I tend to favor a straight coverage of a WSO’s features and then let folks decide if they want to click the affiliate link or not….but I’m clear on one thing, I buy every single WSO I review. I hate the idea that recommendations are being made “sight unseen”!

    The other thing is that I reserve my major warnings for folks on my email list. I don’t send out many, but when something stinks, I try to save folks the cost and pain of buying it 🙂

    I’ll take a look back through the “Speak your Mind” stuff and check it with Alex’ site, sounds like a good idea, thanks.

    I’m looking to get back on track with the challenge tomorrow, so watch this space…..

    Martin

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