How to Create Your Own Product 1 – Research and Outline
Let me jeeter live resin is that you want to sell your own information products. You may not want to start with a service like web hosting or website design service as you may not be a Technical person (AKA a Techie).
Hopefully, you will get to that point someday, if that is what you want. But for now it is a good flay of wisdom to offer an information product for obvious reasons – it is an easier, faster and highly profitable approach to online business.
Creating your own product for sale to your market is by far, a better idea, but it has some pros and cons:
3.2.0 The pros
- The Leverages
Internet offers the greatest leverages now for any business than had ever existed in Industrial History till date.
If you have not done so before now, please hurry, find and read the book ‘Retire Young, Retire Rich’ by Robert Kiyosaki, and you will understand the above statement more.
This simply means more leverages, more profits at shorter period for your business.
- Global Marketplace
Having even one digital product to sell to the whole world is abundantly more than enough to pull you out of the woods – i.e. if you know what to do.
Infact, it is knowing the process that really matter in this business, and that is what you should pay rapt attention to learn in these your formative years in this business.
After that, the rest is history, and it is you that is going to create or rather, recreate that your life history.
- Deploying the Power of Global Alliances
By way of Affiliates who offer their lists and expertise to serve you in marketing your product(s) for free.
- Better Kitted for Success on a Global Dimension
Talking about the skills and experience you gain in the process, you are among the best, on a global scale, not just a local champion and not just for a while but for expended period of any foreseeable future. Can you beat that?
- You Become a Highly Marketable Expert
You can now build more and more products faster after the initial experience. Your can do this for yourself and others if you wish to.
- Robust Resources for Premium Sales
Your initial product can easily be turn into other forms for sales at higher prices – Audio, eBook, Membership site, etc.
- Residual Income Extraordinaire
You just create it once and sell over and over again, with few and rare revisions when necessary to keep up with technological development in the marketplace.
- High returns on investment
Such that is never heard of in any other industry. Most of the time, when done, correctly, it usually brings in on a consistent basis, over 100% returns on investment (ROI).
There are so many other advantages to be enjoyed by a digital product owner, but let us just break here so that we can focus on other related issues.
3.3.0 The cons
3.3.1 The Learning Curve
This will cost you a bit more in terms of time and money.
But, it is doable.
3.4 A Blissful Start
If you are a professional or you have a high in demand skill set, you can easily start by selling some useful advice on that online.
For instance, you may be a Tailor, Seamstress, Organist, Teacher, Nurse, Doctor, Engineer, Accountant, etc. Do market research on the aspects of your profession that people are searching for more information with the tools that we discussed in chapters 2 and 3 of this ecourse.
Use those results of your market research to build your own product as we shall discuss in this and subsequent chapter.
A teacher may for instance decide to own a website and teach the whole instead of just his classroom members. Look in the direction of any of the following courses which are already in high demand globally: