One of the most lucrative ways to earn money online is by having your own product to sell. With your own product you may do whatever you please with it, you can choose the price and you can also include links within the report that can earn you more money check out my analysis of the Sweatcoin App here. You can even give special deals and bonuses with the product if you choose. You can‟t do these things with affiliate products so having your own product can definitely be much more profitable.
There are disadvantages of having your own product and that is that you need to put in the time and effort to create your product and once it is up and running you also need to keep it up to date. But the main work is in the original creation of the product and once that is done you can keep on earning money from that product for a long time.
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1. The first step is to choose a niche in which to create your product. You can write a list of all the things that you like, are interested in or know a lot about. These could be hobbies, sports or business.
It is much easier to write about something that you know a lot about rather than writing about a topic that you know nothing about. So if there is a niche that you know about and have information that you can offer people then that would be a good niche for you. Many people choose the online business niche with the hope that is where the big money is, but there is also a lot of competition in this niche and unless you have something new and better to offer people you might not be that successful. There are a lot of other niches that can be just as profitable like self help, dog training, weight loss and more.
2. When you have chosen your topic, you then need to start gathering information on that topic. If you know a lot about the topic you may not need to do much research and might be able to just sit down and start writing. If you don’t know enough then start researching books, the internet, magazines or interviewing people in the niche. Try to get as much information as you can and make sure that the information is current.
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You can also read newspapers and magazines and even visit your local library for information sources. You must remember though that there are copyright laws you need to keep so never copy anyone else‟s work. You can uses these resources for your research but your book must be written in your own words.
3. Next step once you have gathered enough information on your niche is to start writing your ebook. Firstly make a list of some points that you want to cover in the ebook and then you can use these points as the headers for the chapters in your ebook.
Then under each of these points/heading list a few more points relating to that heading. Then each of these points can be expanded upon to create the content of each chapter.
This can be a very simple but effective method for writing an ebook. Once you have the main points listed it is generally fairly easy to expand on those and write your book.
4. Once your ebook is written you need to just complete a few finishing touches to make it suitable to sell. Firstly you need to convert your document into PDF format and you should be able to find a free pdf converter on the internet.
Next you will need some graphics created for your book, mainly an ebook cover. You might also want some graphics for your sales page and if you are planning to have affiliate promoting your book you might want some banners created for them to use. Your ebook will look more professional with some graphics, but if you can‟t afford to spend much on graphics at least try to have an ebook created.
5. Now that you have your ebook written, converted and a cover created you are ready to start promoting your product. You will need a good sales page that will convert well and you can keep on testing your sales page until you get it right. You can then use some of the methods in the sections above, like blogging and article marketing, to promote your product.
You might also consider adding your products to the Clickbank marketplace so you can have affiliates promoting it for you. Even though with affiliates promoting your product you will give them a big percentage of the sale, you will be gaining new customers with each sale, making more sales than you would on your own, and remember you might have some more affiliate links within your e-book that you can earn money with.
Although there is a bit involved in created and setting up your own product, remember that once it is done, all that is left for you to do is promote it and update it. Then you can really earn a lot of money from your product and can continue to do so for a long, long time.