One of the best ways to make money online is to create your very own product … hands down. A lot of people panic when they hear the word, "product creation", when you should get excited about the multiple opportunities that await you.
Why Should I Create My Own Product?
You can make money online in multiple ways by becoming an affiliate and promoting someone else's product and get only a percentage. If you want to have a longterm successful business model you will have to create your own products. Doing so will allow you to keep 100% of the profit (unless you have an affiliate program set up in place).
What Is An Information Product?
An information product is a product that shows or tells someone how to do something: create an e-book, create a video, how to plant a garden with natural fertilizer, etc. A product is anything from an audio course, PDF course, membership course, podcast, videos or even emails sent out over the course of 7 to 31 days. Way too often people stress about the creation process of it all. In fact, it's easier than you think.
What Is The Fastest Way To Create My Product?
The easiest and most efficient way to create a product is through an audio recording or record yourself teaching a concept or idea. There are a lot of free softwares out on the internet that you can use to create an audio recording. If you are going to create a video series then the best way is to use the Camtasia Studio Recorder. Another easy way to create a product is to find an expert in your market that you want to reach out to and call them or email to interview them.
What Types Of Formats Can I Use?
Audio – Create anywhere from five to ten audio files. Create the files anywhere from five to ten minutes long in length. Make sure to touch on the major points in your outline when you are creating these audio files. Audio files will allow the listener to learn from the comfort of their own home, on their smart phone and allow them to listen while they are mobile.
PDF – These are the easiest files to create, especially if you are just getting started with product creation. Open your Word Document and lay out an outline of what you want to teach. Upon doing so, be sure to save it as a PDF file. You can then distribute this file on other sites or upload in on your own website for free or for sale. PDF's are a great way to lead someone into your sales funnel as a free give away.
Videos – Videos allow you to interact with the customer in ways that an audio and PDF will not allow you to. One of the fastest and easiest ways to create videos (for teaching purposes) is to open Microsoft PowerPoint and record your PowerPoint using Camtasia Studio. Upon completion, upload that video to YouTube and share the link via email. If you create a video course you obviously want to secure your videos on an Amazon S3 server and have the videos show up in your members area.
How Much Should I Charge?
Set your price not based off the length, but the quality of information that you are providing. Example: You can create a 10-20 page e-Book and sell it anywhere from $ 50.00 to $ 100.00 or more (as long as you are providing value and solving the problem why the person bought your e-Book). This of course is a lot better than creating an e-Book and stuffing it with fluff where it is 100 to 200 pages and selling it anywhere from $ 30.00 to $ 197.00. Never price based off of length.
Get started today and use this information to create your own information products to begin to generate some revenue in your business. Follow these simple steps and don't try to perfect it before you put in on the market place.