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Sell the reprint/reproduction rights to the
product. You could make money selling other people the rights to reproduce
and sell the product. People are always looking for new products to sell.
-
Give away the product for free from your web
site. Just because it won't sell doesn't mean people won't visit your web
site to get it for free. They may see another product you sell and buy that
one.
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Try auctioning off the product at an online
auction. You may make part of your investment back. If you're lucky, you may
even make a profit because people sometimes get into bidding wars and will
bid a higher price than the product is worth.
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Use the product as a free bonus for another
product you sell. This will increase the perceived value of the product
you're selling. People will feel they're receiving more for less.
-
Contact businesses with the same target market
and see if they would be interested in using your product as a free bonus
for their product. You could place your ad on the product and get free
advertising.
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Sell your product to businesses at wholesale
cost as a promotional product. Businesses are always looking for products
they can giveaway to their customers with their advertising on the product.
You could make part of your investment back.
-
Barter your product to other businesses for
things you need for your own business. You could trade for their products or
services. This will save you money and help make up for your profit loss.
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You could create an online contest so people
could win your product. This will attract traffic to your web site. You also
could get free advertising by listing it on online contest directories.
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If you decide to giveaway the product for free,
allow other people to giveaway the product for free. Place your web site ad
on the product. This will spread your advertising and attract even more
people to your site.
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Ask businesses with the same target audience if
they would be interested in combining your product with their product. You
could then sell them together as a package deal and split the profits. You
may have better results selling your product this way.
