Is That Marketing Product Really Worth It?

In the world of online marketing today, there are thousands of products and services available to help you improve your business, get more web traffic, and simply earn more money. One problem that I have found is that not only does the quality of products vary wildly, the cost does also. When people buy products online, there is one question that should always be asked, but often isn’t. Is this product really worth it?

The answer to this question is sometimes very hard to discern. Personally, I prefer to look at business purchases on a purely economic basis. Put simply, will buying this product or service result in earning more money than it costs. If you don’t believe that it will, then the choice is an easy one… don’t buy it. It just doesn’t make sense to do so. At this point some of you are probably saying, “if I knew how much money it would make me, it would always be an easy choice.” I would certainly agree with that statement. The cost of the product is usually very easy to calculate, but the earnings can be far more complicated.

When considering the earning potential of a marketing product, there are several things that should be considered. First, look at the expected short-term results. Will the product start driving traffic and sales immediately or will it take several months for the results to start to show up? Also, are the benefits from the marketing product long-lasting such as optimizing your website for SEO or are they short term like a newsletter advertisement? With products that will likely take months to pay off, make sure that you can afford to spend the money now even though you won’t see any earnings from it for quite some time.

Things can be even more complicated with products that don’t have easily trackable results like PR services. An improved company reputation is certainly good for business, but it is very difficult to point to specific sales that resulted from the expense. There is not any easy calculation or estimate that can be done to figure out the earning potential of a product, but be sure that you consider all of the benefits, beyond direct sales and revenues.

There are really two broad types of marketing products and services- Those that you could do yourself and those that you couldn’t. This is an important distinction to make because many products fall into the first category. A good example of this would be paying for an article submission service. You could certainly manually submit your articles to each directory, but it would take a considerable amount of your time. It is important for you to value your time in order to decide if the product or service makes sense for you. Those with more free time to spare, would likely receive a lower value from such a service than the business owner who has absolutely no time to manually submit articles. The value will be different for everyone, so consider your situation and see if it makes sense for you.

Finally, when considering a product or service, step back and consider your motive for purchasing the product. Are you looking to save time with a certain task or for expert advice? If so, you probably have a valid motive to purchase the product. Unfortunately, many business owners purchase these products out of fear or a false feeling of necessity. If business has slowed down or money is tight, it is very common to look for a product that will act as a cure. If you don’t believe me, take a look at all the millions of dollars that have been spent on products that offer instant riches with little to no effort. Keep this in mind… there is no marketing product out there that will bring you lots of money in a very short period of time. Even if there was, the cost of the product would be high enough that it would take time to earn it back. If you find yourself buying a product as a way to “turn things around”, make sure you are very careful. Too many times, people make poor or unnecessary purchases because the were just hoping for change. More often than not, they end up disappointed and with even less money in their wallets.