Here's my recipe: 1) own the product or the rights to the product - stay away from commodities 2) sell something with low inventory costs and low shipping costs

Here's my recipe: 1) own the product or the rights to the product - stay away from commodities 2) sell something with low inventory costs and low shipping costs. Digital goods are the best. 3) sell something in the price point above $50 but below $500. 4) get good at seo and adwords 5) try and get featured in blogs and magazines 6) ??? 7) profit!