Creating Your Own Online Product

There are many ways to make money online. Gurus are always selling their own techniques. If you listen to one piece of advice you’ll go in one direction. If you listen to another you’ll do something different. And of course, each teaches that the other person is wrong. But there is one thing they all agree on. And one thing they all engage in.

If you want to create real income you need to start by creating your own online product.

But why?

Why do you need to go to all the effort involved in creating your own online product? Not just once but many, many times? That’s a heck of a lot of effort. So why?

There are a number of other ways to make money online. You can:

1. Sell physical products

2. Sell other peoples products as an affiliate.

3. Sell ClickBank products.

4. Sell advertising space.

And that’s just a few of the major methods.

So why would selling online products be so profitable in comparison?

Let’s start by examining the other methods. Selling advertising space is one way to make a few extra dollars. But to make real big money you need a great deal of traffic. And traffic of that magnitude is difficult to get and expensive to service.

So what about affiliate and ClickBank marketing? In both cases, you are getting paid for your own efforts. And that’s it. Effectively, you aren’t running a business you’re a commission salesperson. And you’re being paid like a commission salesclerk. You can’t leverage other people’s efforts. At least with affiliate marketing you are typically supporting a high ticket, high commission product. With ClickBank you’re not even selling that.

That leaves physical products. Typically physical products are other people’s products — you’re just the retailer. And like most retailers you get a portion of the sale — and only a portion. But even when the product is your own you’re faced with two problems. Fulfillment and shipping. You either need to pay someone to handle fulfillment for you. Or you’re going to have to take the time out of your own busy schedule. And the product still needs to be shipped. So the costs to you are very high.

Your own online products on the other hand don’t have these issues. Yes, you have to create them. But you control the process. In fact, that’s the byword for online products — control.

You control the marketing. So if you want to sell all by yourself you get to keep all the commissions.

On the other hand, if you want to sell through affiliates you determine how much commission you will pay them for sales. Not only that but you get to decide what constitutes a sale. And you get to leverage other people’s efforts to enhance your income.

Traffic also isn’t the issue that it is with advertising. Yes, you need to attract traffic but it’s a reasonable level not an extremely high level as it needs to be with advertising.

Online products don’t require any effort or cost for fulfillment. Basically you put the product up on the web, connect your sales process and you’re done. So shipping and handling costs are a thing of the past. And the occasional decision to create a physical product from an online product as a marketing shake ’em up. And unlike physical products there is very little cost involved in packaging or keeping an inventory.

Online Product Creation Tips

Many newbie online marketers are over obsessed with affiliate marketing because it is perceived as an easy and low-cost market entry. But if you look carefully, then it is obvious that the big money lies in creating your own information product.

I would venture to say that most of the successful online gurus have come to where they are due to marketing some of the best information products that people have been able to find on the web. It usually has some unique proposition or secret that is necessary to be help people solve problems.

So why not purchase and study the strategies of the biggest names in online marketing? They also tend to be great teachers and will take you every step of the way through the process of starting your own business, with proper marketing. You most likely will get also get exposure to choosing the most profitable niches, list building, interacting with prospects and even running a successful ezine to maintain contact.

If you want to be successful with an information business and willing to invest your time to learn from an established mentor, you should give the eBook industry a serious consideration.

Once your business starts to be a success, it is essential to extend your footprint and put up a website to showcase your best-selling products with people you never have to even meet in person.

It is only through raising your online presence that you will be able to make your mark and learn details about the following online product creation tips;

  • How to successfully put together offline joint ventures with well known marketing gurus for massive online profits.
  • Learn from marketing experts who successfully sell niche products for amounts in excess of $197.
  • Discover the rarely and almost never spoken truths linked to membership sites, where you make easy and consistent residual income.

Do not become one of the many web site owners leaving substantial profits on the table, but rather become knowledgeable in how to cash in easily on income which is there for easy pickings.

There is absolutely nothing or no one that can prevent you from making your first four figure online within a few months from starting your online information products business.

Established marketing experts are keen to take newbies under their wing in order to generate authentic success stories. Some will even go to the extreme of sharing their marketing secrets to position your product more favourable in order to make many more sales.

Your success will be dependent on simple and proven strategies that are overlooked by most, because too many people want overnight riches with minimal input or hard work.

How to Offline Market Online Products

Hello, in this article I will tell you about my first experience with offline marketing online products.

Maybe you already are an online marketer or perhaps you’re interested in becoming one? What you should know anyhow, if you don’t already know this, is that there are a variety of effective ways to promote online products other than sitting inside with your computer posting links on Twitter or Facebook.

I thought it would be interesting to go outside and meet people on the street, in shopping centers or any other random place, and just simply talk to them about being an online marketer. I wasn’t sure how to go about it at first but I finally dared to dive in and embrace the challenge. I’m not sorry! Some people seemed genuinely interested and others probably didn’t even take me seriously at all. One guy was even downright rude, like I was annoying him by breathing his air or something, so you really have to be able to handle all sorts of reactions.

Anyway, the hours literally flew and for the most I had lots of fun talking to people about online marketing and what it’s all about. Surprisingly few knew anything at all about what it is; only 1 out of 20 perhaps had a clue to what I was talking about. So I feel like I have at least spread the word around a bit.

It gave me a challenge to try to explain in a simple fashion to not scare off potential customers with too much information at once. There’s a huge amount of info on the topic so the key is to try to keep it as simple as possible. My goal was and is to spike the interest of them becoming online marketers themselves, since the product I’m promoting in fact is an online marketing training program. So plant the seed and if it grows that’s great, if it doesn’t… well you can’t force it! You’ll just have to improve your skills.

At first it was difficult because I wasn’t sure where to start or exactly what to say, but as I talked to more and more people I felt more relaxed and words started flowing easier after repeating myself 50 times. I had printed out some business cards and flyers on forehand and they came in very handy. I found it a lot easier if I had something to presents while giving my little speech. It also seemed to make people more interested in what I had to say.

By the end of the day I had hung up 5 flyers with tags you can rip off at the bottom, had talked to maybe 50-60 people and handed out lots of business cards. I call that success, and even though perhaps only one or two of those 50-60 people I talked to buy the products, that’s money in the bank and the word is out. People like to talk and may pass the information on to someone else who in fact is interested.

So this was kind of like my test drive just to see if the effort could amount to something. The next place I feel may be a big hit is the University. Lots of students who would love to make some extra cash. Think I’ll give them a hand!

This is only one way of marketing online products offline; In the future I’ll be trying out more ways to “offline market” online products, and perhaps I’ll even get creative and think of some more methods along the way!

The Life Cycle of Online Products

Like many things, products go through a cycle during their effective lifespan. These cycles are regular and predictable. A formal life cycle can help build an understanding of the pattern of stages that a product goes through.

There are many different life cycles each based on the focus and pattern, which the author is observing. In this article, I’m going to share a very detailed nine-step life cycle of an online product.

1. Plan

A good online product begins with a plan. The plan details much of the background information required for the online product. However, only the requirements for the product are provided.

2. Design

In this stage, the requirements are given form. The online product that was described in the plan is defined in detail. A detailed outline of the product is produced.

3. Produce

This stage varies depending on the media of the online product. For example, an eBook is written at this stage. A teleseminar on the other hand may be written but it definitely is presented and recorded.

4. Package or Publish

The online product is still in a rough state at the start of this stage — although it is in fact complete. This stage polishes the product and adds elements that turn it into a professional, salable product. For example, a video will have opening and closing credits added and a cover designed.

5. Generating Traffic

At this stage, the product is available. However, sales are not actually occurring. Instead, traffic must be generated in order to ensure that sales are sufficient to justify the costs so far. This is often referred to as a pre-launch stage although it can occur after the launch.

6. Marketing and Selling

At this stage, the product is available and the traffic has reached a stable point. Sales are reasonably stable. In this stage, the marketing emphasis has switched to finding the right types of traffic, rather than the growth focus of the previous stage.

7. Declining Sales

After a period of time, almost all products begin to experience a decline in sales. This may be because of market saturation or real or perceived obsolescence.

8. Bonus

Finally, the sales have dropped to the point that marketing and sales efforts fail to produce sales. At this point, the product is retired from sales. However, it becomes available for use as a bonus to support the sales of other products.

9. Retirement

Eventually, a product will cease to be of value even as a bonus. At this point, the product will be removed from the products for sale list.