Ideas For Online Products

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.

Why People Enjoy Online Products

There are more and more people who are learning just how popular online products are. Building an information business and creating your own information products is profitable because it is exactly what people want. In this article I am going to discuss why people enjoy online products so much.

We live in an age whereby people want things as quickly as possible. If you think about the last time you were looking for some information about something, I expect you went to your computer and typed in a particular phrase into the search engines and then looked to see if there was a particular website that looked like it might be able to provide you with the answer you are looking for.

The Internet has become a source of instant information. You can virtually find anything you want to by going online and doing a search. However, the downside is that it can actually take you a long time to find out all of the information you need in detail. This is where online information products become extremely valuable.

An online product can be created in a format that is digital and allows people to download it instantly. This means that if they are looking for the answer to something and they come across a product that promises to deliver that answer then they are able to purchase and download that product within minutes.

Basically customers are able to get their hands on the information they are looking for instantly. This is why people enjoy online products.

You can create a digital product in various formats:

In a written format such as an electronic book or a Kindle book.

In an audio format such as an audiobook or an MP3 file

In a video format such as MP4 file

Therefore you are able to get the information you are looking for not only instantly but in a variety of formats. Some will appeal more to others depending on the depth of understanding they want to achieve.

There are also other advantages about purchasing a digital product and that is you are able to consume the information wherever you are and even if you are out and about. You could listen to an MP3 recording on your iPod. You could read an electronic book on your tablet.

Therefore creating online products has become very profitable and they are in high demand.