Dave Seth Online

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Are You Making These 12 Product Launch Mistakes?

Product launches don’t have to be complicated. But when you do a product launch, you’ll likely make some of these mistakes. Awareness is your first defense.

Now I know I have made all of these mistakes at one time or another. It’s not the end of the world when it happens, but forewarned is forearmed. Keep this list handy for the next time you do a product launch, and be aware and be proactive to avoid these mistakes.

Lack Of Market Research

Failing to understand the market and the needs of your target audience can lead to a product that nobody wants to buy.

product launches require research
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When you think you know what your product will be, perform research and tests to see if people will buy. If they do, then create the product. If they don’t buy, or if only a very small number of them do, thank your lucky stars that you didn’t waste too much of your time before you discovered an issue.

Incidentally, I’ve noticed a phenomenon where your conversions will increase if I say that the product isn’t quite ready yet. People love to be in on something new. Tell them you’re developing this product and it will be ready by X date and they can preorder now. If you don’t get enough orders, refund the ones you do get and don’t create the product.

Overestimating Demand

Assuming that your product will be a huge success without properly testing it first can lead to disappointing results.

You might have a great product for a tiny segment of the market. If this is the case, you might need to raise your price for such a specialized item just to turn a good profit.

Factor in the time it will take to make the product, the size of the market and the price you will charge. Yes, there’s a lot of guesswork here. But if you realize it will take you 200 hours to create the product and you will likely only sell 200 copies at $47, you might decide it simply isn’t profitable enough to move forward.

Poor Timing of Your Product Launch

Launching your product at the wrong time, such as during a holiday or a competing event, can negatively impact its success. Think of launching a product on Black Friday or Christmas Day. Your result could be disastrous. Launch the same product in January and you could have a home run. Or perhaps the best option is to launch in September or October and prepare your launch and advertising campaign to take advantage of holiday season sales.

Timing is especially true if you are relying on affiliates who could be promoting a different launch that same day. Let’s say for example, you’re launching your first product and you line up a half dozen affiliates. But then Big Joe Marketer launches his umpteenth fancy-dancy product with a massive affiliate contest and new cars for everyone who sells a thousands units and suddenly your affiliates have vanished. I joke about it, but this does happen. Well, except maybe for the new car part, that’s pretty rare.

Lack Of Product Launch Promotion

“Build a better mousetrap and people will beat a path to your door.” Believe it or not that used to be a common expression, but it’s 100% false. If you don’t aggressively promote your product and get the word out, then no one will know about your product. Even if it is the best mousetrap in the world, if no one knows about it, it doesn’t do you or them any good.

Yes, there is an exception. You create a new product, Suzi Q buys it and loves it and tells her audience of thousands about it for free and it goes viral and now you’re selling a million units per day and…

…that’s a great fantasy but it only happens like that in movies. And maybe a very few times per year for real. It’s not something you can or should count on, so get busy marketing and promoting.

Ignoring Customer Feedback

Not listening to your customers and incorporating their feedback can lead to product failure. When your customers are telling you there is a problem or something missing, listen to them.

I’ve seen a potentially great product fail because something crucial was left out. When the customers called it to the attention of the product creator, the product creator decided he knew better than his customers. Refunds skyrocketed, he was trashed on social media and his product was relegated to the dust bins of history.

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Inadequate Testing Prior to Product Launch

Give your product to users to try and test for free. Use their feedback to fix or improve what’s needed. Give out the new version and get more feedback. Fix whatever is left to fix and then launch. If you’re on top of things, you can do this entire process in 7 to 10 days.

Focusing On Features Over Benefits

Not highlighting the benefits of your product to your customers can make it difficult for them to see the value in it. What’s in it for them? How will this change their life? Why should they care?

Paint a picture of how this will forever change their life for the better, or at least make them happy today.

Poor Pricing Strategy

Setting the wrong price for your product can impact its perceived value. Charge too little and people won’t see the quality. Charge too much and you might price yourself out of the market. There’s a sweet spot in there someplace, and it’s your job to find it.

Food for thought: When Dan Kennedy consulted with businesses, the first thing he did was raise prices. Sometimes he had to fight with the business owners about this to get it done because the owner was terrified that they would lose money.

But in nearly every case the business became more profitable when prices were raised, despite losing a small percentage of customers who didn’t want to pay the higher price.

And you also need to consider an entire package, which includes value added products, accessories and complementary components. This is where you add in sales bumps, OTOs (one-time offers) and valuable bonuses.

Not Thoroughly Testing Your Funnel

I’ve seen a major launch where every single upsell was available on the download page regardless of whether or not it was purchased. And I’ve seen another product launch where the price was supposed to be $299, but it was set to $1 for the first 3 hours.  Ouch.

Just check and double check. And of course do a lot of A/B tesing. Just because you think you know what is best and what works, doesn’t mean it will be true. I an continually surprised when testing. I have become more indifferent, meaning, I care, but it doesn’t matter what is successful, just as long as I am getting sales.

Lack Of A Solid Long-Term Plan

Not having a well-thought-out plan can make it difficult to scale and grow your product over time. Are you going to build your business around this one product? Add other products for the same audience? Adapt the same product to new audiences?

You need to have a general idea of where you’re going from here so you know how to present this first product. And how to prepare and implement the next steps. This all should fit into your business plan and busienss model.

Not Getting Help

Trying to do too much with limited resources can lead to product launch burnout. I can tell you first hand that there is a great deal of work that goes into a product launch, not to mention the week of almost no sleep during the launch because you are answering questions from affiliates and customers non-stop.

Outsource what you can and consider teaming up with someone who can handle customer service with you during the crucial launch period.

Being Too Attached To Your Product

This one might take you by surprise but I thought it was important enough to include. I’ve seen product creators absolutely devastated because others didn’t share their view of their product. If you think your product is the second coming of a religious figure and others look at it and yawn, it can be a tremendous blow to the ego and your sense of self-worth.

The bottom line is some products sell like gangbusters and some don’t. That’s reality. Don’t get so attached to the outcome that you can’t get out of bed for a week. It’s business.

And finally, If there is a number 13 on this list, it’s this:

Failing To Launch

The number 13 is unlucky, so because I am the author, I have decided there really aren’t 13 mistakes to watch out for and manage. But this last “issue” is a big deal! Your product will never be perfect and your product may not sell. But the biggest failure, is no launch at all. It’s ok if the launch is not perfect… it never will be. And time is money.

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Don’t suffer from perfection, or analysis-paralysis. Get to a high percentage, and go with it. I’m thining the 80-20 rule, or even better, call it a 60-40 rule. Test it, and then change or adjust as needed. Reality tells us, there are always changes and adjustments that can be made to make it better. If it is a flop, assess and learn. Better to know now instead of spending a ton of time and resources before you know. Or it might just be your best selling product ever.

But if you don’t let go of it and launch it, then you will never know what might have been. And you have wasted all that time and effort. Launch and adjust, modify, change, or whatever you need to do. Just be relentless and keep pushing forward to succeed.

To your success!

Dave

davesethagency.com, davesethonline.com, davesethonline.com/blog, 12 Day Challange, Resources, Affiliate Partner Special

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10 Marketing Lessons for Growth From A World-Famous Con Man

Marketing lessons for growth can come from just about anywhere, anyone or anything. Study everything with a creative, open mind and you might surprise yourself.

Have you seen the 2002 movie, Catch Me If You Can? It starred Tom Hanks and Leonardo DiCaprio, directed by Steven Spielberg and based on the cons of real life Frank Abagnale. Yes, 2002 is old for some, however I thoroughly enjoyed this movie.

Catch Me If You Can taught us valuable lessons to boost Marketing Growth
“Catch Me If You Can” provides valuable lessons for Marketing Growth

Frank impersonated an airline copilot, was a phony college professor, passed as a pediatrician in a Georgia hospital, faked it as a lawyer on an attorney general’s staff and cashed 17,000 bad checks for a total of $2.5 million in the 1960’s and 70’s.

And he did all this starting at the ripe old age of 16.

Frank was eventually caught, served time in three different countries and then started his own consulting firm in which he helped businesses safeguard against con men just like him.

I recently watched an interview Frank did with Johnny Carson on The Tonight Show back in 1978 after he got out of prison and started his business.

Not only did I thoroughly enjoy the movie, but the replay of the old interview with Johnny Carson really made me think about what Frank pulled off.

And while I would never advocate that you do anything illegal, I do have to admire someone who was so good at his ‘job’ as to fool hundreds of professional people into believing him.

Experience leads confidence, exploiting opportunities for marketing growth
Experience leads confidence, exploiting opportunities

What lessons can we extrapolate from Frank, and how might we be able to use these lessons for our marketing?

1: Experience builds confidence

Frank ran away from home at the age of 16 and got a job, but he wasn’t making enough money to support himself. That’s when he began writing bad checks. Soon enough he realized that the more he did it, the more confidence he built.

When someone first starts out in a new field or task, they may lack confidence because they are unfamiliar with the processes and may be unsure of how to proceed. However, as they gain more experience, they become more familiar with the task or field, which can help them to feel more confident and competent.

Experience also provides individuals with the opportunity to learn from their mistakes and failures. Through trial and error, they can identify what works and what doesn’t, which helps them to refine their skills and improve their performance. As they gain more experience, they develop a deeper understanding of the task or field, which allows them to anticipate challenges and develop strategies to overcome them.

Furthermore, experience allows individuals to develop a sense of mastery over their work. As they become more proficient in their skills, they feel more in control of their work and are less likely to be intimidated by new challenges. This sense of mastery can help individuals to stay motivated and focused on their goals.

If you’ve been putting something off because you’ve never done it before, the best advice might be to simply do it now, before your head hits the pillow tonight.

2: Confidence leads to more experience

Confidence from cashing bad checks led to forging checks and ID’s, which lead to having the confidence to impersonate a pilot in order to fly for free.

Once you’ve done that small thing and survived, it’s easier to take on the big thing and be successful at that, too.

Confidence can be a powerful tool for gaining experience. It can help individuals to take risks, persist in the face of setbacks, perform well in new situations, and stay motivated to pursue their goals. By building confidence in their abilities, individuals can create a positive feedback loop of growth and development, leading to even greater levels of confidence and success.

Just as Frank Abagnale did, start small. Routine success with small items, tasks or in the case of cashing bad checks, can lead to growth of bigger and better things.

3: Opportunities are everywhere, (especially marketing lessons)

Frank wanted to leave New York because the police were looking for him. While walking up 42nd street, he saw an airline crew coming out of a hotel and thought that would be the perfect front to travel around the country for free and stay at hotels for free, posing as a dead-heading airline pilot.

If you have a problem, keeping your eyes open for a possible solution – no matter how unusual it might be – and then jumping on that solution is the surest way to success.

Frank was very creative, and not afraid to try anything to help him reach his desired goal. In most cases, Frank did the unthinkable, as no one else could image pulling off what he would dream up.

In our business, we need to always be looking at things as solutions. For every problem there is a solution. And that’s not just for your business, it is for all of your customers too.

Find every opportunity to provide your cusotmers valuable resources and solutions.

 

4: Ask for help

Frank needed a pilot’s uniform, so he called Pan-am, said he was a west coast pilot in New York and his uniform had been stolen, and they helped him to get a new one. He was creative and brazen. His self assurance carried him through the thinnest of times in getting caught.

In online marketing it’s not only okay to get help, it’s actually a much better method than trying to go it alone. And of course creativity is not only necessary, I would argue that it is required to succeed online marketing. You can’t expect to do the same thing that everyone else is, and be super successful.

5: Don’t pay if you can get paid instead

Frank would stay in hotels for free with the charge going to the airline. Then in the morning before he left, he would get a personal check cashed at the front desk because the hotels had agreements with the airlines to honor employees’ personal checks.

This got me thinking… how can I get the services I use for free, and even get paid to use those services? One great answer is to become an influencer and promote the service to others. Another method is to offer the service to others myself, outsourcing it and keeping the difference as profit.

Be creative and resourceful. Look at things differently and ask yourself how you can make something work better, more efficient or redesign a process or program to make more money.

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6: Crime pays but there’s a big price

While Frank made $2.5 million in the 60’s and early 70’s, he paid a heavy price by continuously having to be on the run all the time for 5 years. He says he was lonely and despairing, and I have to think it was almost a relief when he was finally caught.

I like to sleep at night, I don’t want to be on the run and I like to have friends, so I keep everything 100% above board and legal in my businesses.

7: Delegate your work

When Frank passed himself off as a doctor, he was supervising 7 interns on the midnight to 8am shift. Frank knew absolutely nothing about medicine, but he knew how to delegate. When a patient came in he’d ask the first intern, “What do you think?” The first intern would give a diagnosis and what he thought was the right treatment. Frank would then ask the other interns if they concurred. If they did, he would tell them to go ahead and do it. Ironically, Frank became one of the most respected residents because he was the only one that ever allowed the interns to do anything.

Not sure how to do something? Want to have someone more knowledgeable than you do it for you? Then start delegating. Hire outsourcers, a virtual assistant or whatever you need to get the job done properly.

And keep in mind for your customers that you need to provide them great opportunities to do the same. Maybe you don’t offer services or outsourcing, but you certainly have the solutions to some kind of problem or can provide value in one way or another.

Marketing Lessons include to delegate

8: You don’t need certificates or permission to achieve success

Frank created phony credentials that allowed him to take the bar exam in Louisiana. He studied for 3 or 4 months, legally passing the bar on his third attempt. He got a job as corporate lawyer on the attorney general’s staff and worked there for a year, winning a number of cases. That’s a pretty remarkable achievement for someone who didn’t even finish high school.

I’m not sure if the lesson here is that anyone can become a lawyer, or that (as Johnny said) he could have ended up prosecuting himself.

Maybe it’s that you don’t need fancy credentials and years of overpriced schooling to realize your dreams. You don’t need someone else’s permission to be successful, either.

What you do need is focus, tenacity and the belief that you can do it.

And you need some of lesson #1 and #2 confidence and experience, or experience and confidence. Potatoe, potato. You need them both. And the best way to get them is to be ever relentlessly in pursuit of finding ways to provide true value.

9: Build marketing lessons on what you already have

Frank now has his own firm, doing consulting work for large corporate banks and departments stores, teaching them how to not get ripped off.

Whatever your specialized skill, there’s a good chance you can monetize it. What are you good at? What do you know more about than 99% of people? And who is willing to pay you for that information? If you can answer those questions, you have a viable business idea.

And we are all different, and have different specific strengths and skills. If you haven’t already, perform a full self-assessment. An honest self assessment will highlight your strengths and best skills and abilities, while noting your areas that you do not excel in. Those areas are equally important so you know how to find support, tools or sources to fill in any gaps as needed.

Find the tools and resources that help make doing things faster, easier, more efficient or lower costs.

10: Spell it out for your customers

One day in Frank’s consulting business he wanted to test a client’s store personnel. Buying a small item, he wrote a check with his name on it for $10 and gave the clerk the store manager’s driver’s license as I.D. The clerk accepted the I.D. with no problem whatsoever, even though the store manager looked nothing like Frank and the names didn’t match.

You might think your customers understand things or see important details, but unless you spell it out for them, there’s a good chance they will completely miss it.

Don’t assume your customers know why your product will give them the results they seek. Lay it all out for them, step by step, to ensure they miss nothing.

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I hope you found value in this article, and this incredible value offerings I have highlighted for you. We are in the process of launching a new business with a business partner who brings more resources and funding which will allow us to grow and scale more quickly. It has taken a lot of time and money to get to where we are today. Tremendous progress has been made and we are so excited about what we have been able to put together and so much more to come.

So please share my post, and these value offerings. There are going to be a lot more like this in the future, and we are excited to continue to unveil more value each and every week. And the more we can share and grow, the better value we can provide to all, as larger numbers offer better buying power.

In closing, I will share one last thing: Frank was gifted at acting like the person he wanted to become. What if you act like you are already super successful and have a thriving business? Sometimes a great attitude and a little optimism can go a long way.

As they say, be like the person you want to become and you will become that person.

So until next time, be tenacious toward your goals. And keep an eye out for more great value and watch for our new store opening soon.

To your success!

Dave

davesethonline.com/blog  online resourcesmemberships 12-day training traffic

Updated 3/23/2023

Sqribble Review: The TRUTH About Sqribble

You have probably heard about Sqribble, the cloud-based tool that allows you to easily create eBooks. I kept hearing and seeing things about it, so I wanted to check it out myself. Here’s the truth about Sqribble.

Let’s face it, we all want more traffic, more subscribers and more daily sales. And there’s one simple solution that still works like gangbusters for this — eBooks.

Whether it’s a powerful lead magnet such as a free report or whitepaper, or a Kindle book that you sell daily… digital books are still an awesome way to attract traffic and sales for almost any type of business.

But there’s just one problem — creating them can cause all kinds of headaches. Writing, formatting, designing… it can take days or even weeks to create an eBook, plus a steep learning curve and a handful of expensive tools you’ll need to master… before you’ve even hit publish!

But there’s a brand-new tool on the market that promises to change all that.

It’s called Sqribble.

What is Sqribble?

Sqribble is a cloud-based tool that allows you to create eBooks (reports, whitepapers, etc.) in seconds. It uses ready—made templates and drag n’ drop design features that make self-publishing your eBooks a breeze.

How does it work?

When you log into Sqribble, you’ll see a bunch of eBook templates to choose from. These are all based on different categories, so you’ll need to find one that matches your market/topic/niche.

Once you’ve selected the template you want to use, you simply click “view” to see how your eBook will look (don’t worry, we’ll add your content next.)

In this view screen, you can see how the book will be laid out and get a feel for the style. If you don’t like it, you can always go back and choose another template (there’s 50 templates to choose from, and you can also edit the templates too, in all kinds of ways.)

You’ll notice that the layouts and designs are very slick. They look like professional publications!

Next, you’ll be asked where you want to source your content for the book. You can choose:

— Grab from a URL

— Start from scratch

— Copy and paste manually

— Upload Word File

— Start from Article Collection

the TRUTH About Sqribble
Sqribble caught the squirrel’s’ attention! Use high quality images with Sqribble to create top shelf products!

Let’s take a closer look at these options

— Grab from a URL

This allows you to insert any URL you want, and Sqribble will automatically pull the content from that page and insert into your book. It strips the html code and only inserts the text from the page. This is my fave method, because it saves a ton of time, and allows you to use expert content (with credits) so you can target topics and niches you’re not an expert in!

— Start from scratch

As it sounds, this option allows you to enter your content like you’d enter it into a Word document. You just type straight into the page.

— Copy and paste manually

This allows you to copy content from anywhere you want, and paste into the book, where the book will format and lay it out for you professionally.

— Upload Word File

You can get Sqribble to pull your content straight from a Word document, stripping out any code or weird formatting.

— Start from Article Collection

Here you can extract content from Sqribble’s huge library of private label articles which you can use for free, without crediting authors or linking to the source. It’s another great way to quickly fill your book with content, for free!

Then Edit

Finally, you’ll move to an editing screen, where you can resize text, move content around, edit text directly, add media, links, lists, call to action areas, new pages, and a whole bunch of other options for customizing the look and feel of individual pages or the entire book.

You can even add new pages that use a totally different layout to the rest of your book, giving you a huge amount of flexibility and endless options for your book.

While editing, another thing I really liked was the Themes option. With a single click, you can instantly change the color theme and font style of your entire book. It’s like giving your book a new “skin” and it’s just one more feature that sets Sqribble apart from the other tools out there.

Finally, when you’re ready to publish, you hit the little “Generate eBook” button in the top right corner of the screen and voila, your book is now ready!

You can either open the book in a browser to preview it quickly or save as PDF.

Is Sqribble right for you?

If you’re already creating lead magnets or eBooks for sale, then I have no doubt that Sqribble is going to save you hours of work and tons of money on freelancers (if you outsource the design or writing side of it.)

For that reason, I truly believe that Sqribble is well worth the investment and perfectly suited for most small to medium size businesses, especially self-publishers and info marketers.

It’s also a great tool to use if you’re a freelancer or agency, working with clients to create professional eBooks (includes commercial rights, plus a done for you agency website, which is a big bonus!). You could easily charge $100’s for this service, and with Sqribble, you could get the work done in way less time than it wouldn’t normally take you.

Here is a short video highlighting some of Sqribble’s features and capabilities.

Now for the review. You already have seen my enthusiasm about Sqribble. I had been looking for options to streamline the clunky way that I have been creating my own lead magnets. Once I ultimately learned the power and simplicity of Sqribble, I purchased it. And I have been very pleased with it.

So here is the skinny, according to me.

The bad

— Some of my favorite features are locked behind upsells (3D covers and Flipbook feature). So I had to pay for the upsells, but they were worth it when considering the time I save.

— When inserting content from a URL, you need to cite the URL source and/or credit the original author of the content, if it’s not your own (this isn’t really Sqribble’s fault — it’s just the law!). And I guess it is probably good that I do it now, so I am not placing myself at risk.

The good

— Easy to use. Especially considering what it does and how simple it is to the old way I struggled with multiple tools and software.

— Glitch free. I have not had any problems at all

— Unlimited use (one-time payment). I hate subscriptions!

The awesome

— Tons of excellent eBook templates

— Professional page layouts. Sqribble really allowed me to bump it up a whole bunch on the quality!

— Automatic content. Again, super efficient and a real time saver. So easy to modify vs. starting from scratch.

— 3D cover creator (available through upsells)

— Flipbook creator (available through upsells)

— Free commercial agency + website included!

Price

A one-time $47 (later will be increased to $197).

About the creator

Sqribble has been developed by Adeel Chowdhry, who is a well-known internet entrepreneur and best seller, with over ten years of experience and has previously created worldwide hits such as Pixel Studio FX which sold tens of thousands of units all around the world. He’s known for creating high quality professional solutions and I expect no less from Sqribble.

Overall verdict: the truth about Sqribble

There’s no doubt, Sqribble is a powerful eBook (plus) creation tool. I guess I should have realized that this is so much more than eBooks, but that was stuck in my mind. Unlike other tools, it’s packed with everything you need to start cranking out professional looking books, reports, whitepapers and more in just minutes. Really!

With automatic content, drag n’ drop editing, plus a host of templates and designs ready to customize, you’d struggle to find a more seamless eBook publishing tool than this.

Being cloud based is a big bonus too. No need to download any software that clogs up your computer.  Whether you’re casually publishing books or you’re constantly creating lead gen reports for yourself or clients, Sqribble can — and WILL — save you hours of hassle and potentially thousands of dollars in freelance fees over the coming months and years.

I previously used some freelance for my more important projects, and I did the rest myself. Now I can do it all myself, and at a fraction of the time, and the quality that I can create is better.

For this reasons, I am sold on Sqribble, and it gets my full seal of approval. I encourage you to check it out. It’s a very powerful, yet simple tool.

To your success,

Dave

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Updated 2/14/2023