Having your own information product is one of the easiest ways to make money online. Your own digital product can help you build and establish your brand. You can hire affiliate marketers to promote your products for you. The best of all information products is easy to create.
Information products are a billion dollar business. They range from eBooks to audio recordings to video courses. Once created, they can be digitally downloaded while you sleep. The money will be automatically credited to your PayPal account. It’s all automatic and you don’t have to do anything else.
Udemy is just an online course provider. They have 4 million students and 20,000 courses and over $93 million in annual revenue. Lynda is another well-known online course provider with $100 million in annual revenue. And there are many other online course providers.
But how much can you make with your own online course? Udemy claims to have 10 instructors who made $1.6 million in one year. The average lecturer doesn’t make that much money on Udemy. But the only way for you to find out how much money you can make is by creating your own information product and selling it.
Some of the well-known infopreneurs make millions selling their own digital products. Check out Warrior Forum, Warrior Plus, and ClickBank to see what these reputable marketers are selling.
Making money while you sleep is the big draw of becoming an infopreneur.
When you own the product, you control what happens to your business.
If you don’t own your product, you don’t have a sustainable business. If you have your own information product, you can create a buyer list. The list is yours. It cannot be taken from you. The list is your business value. You can now market to your list.
Here are some of the benefits you get from creating information products:
You get to keep 100% of the winnings.
You can set your own prices.
You can hire affiliates and control how much commission you pay them.
You have full control over the content.
By having your own products, you become an authority in your niche.
Product creation is the fastest way to break into a niche and make a profit. You build an email list of buyers that you can keep promoting.
Information products are cheap and easy to produce. Once you get good at creating them, you can do it in a day or two. You can create a sales funnel of your own digital products. You can create higher-priced products. The higher-priced digital products are the key to a sustainable online business. And you get to keep the winnings.
You can diversify into other niches and create multiple streams of passive income. You can sell your products on multiple platforms. Some of these platforms do all the marketing for you. Now they take a bigger commission for marketing, but you can really make money while you sleep.
Once your product is created in one form like an eBook, it’s easy to convert it to another form like a video course or even an audio course. It’s easy to create templates and how-to’s as a bonus for your product.
Once your product is created, it can generate revenue months and years later with no further effort on your part.
So if you really want to be in control of your own destiny, you can start by learning how to create and produce your own information product.
Thanks to Linda Tremer | #digital #product