Josh,
Between selling an idea or service and selling a product on the internet, which one has the largest potential for buyers and to make the most profit?
Thanks,
Taylor
Hi Taylor,
I think it depends on what kind of service or product you’re selling. Generally, a service will require your constant effort – for example, if your service is building websites, you’re going to have to consistantly be working on getting new clients and doing the work to get paid. If you’re selling a product, for example, a book or a piece of software, you’re creating a passive stream of income. The product will keep selling and earning you money without your constant effort. If you created a new passive stream of income each month for a year, you’d have 12 different products, each earning you money, and only requiring your maintenance or marketing efforts.