You need your own digital product
Having your own information product is one of the easiest ways to earn money online. Your own digital product can help you build and establish your brand. You can recruit affiliate marketers to promote your products for you. Best of all, information products are easy to create.
Information products are a multi-billion dollar business. They range from e-books to audio recordings to video courses. Once created, they can be downloaded digitally while you sleep. The money is automatically credited to your PayPal account. Everything is automatic and you don’t have to work anymore.
Udemy is just an online course provider. They have 4 million students and 20,000 courses and more than $ 93 million in annual revenue. Lynda is another reputable online course provider that generates $ 100 million in annual revenue. And there are many more online course providers.
But how much can you earn from your own online course? Udemy claims to have 10 instructors who made $ 1.6 million in one year. The average instructor doesn’t make as much money on Udemy. But the only way to know how much money you can make is to create your own information product and sell it.
Some of the big information entrepreneurs are making millions selling their own digital products. Check out Warrior Forum, Warrior Plus, and ClickBank to see what these great marketers are selling.
Making money while you sleep is the great attraction of becoming an info-entrepreneur.
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. Having your own information product allows you to create a buyer list. The list is yours. They can’t take it away from you. The list is your business asset. Now you can market to your list.
Here are some of the benefits you get from producing information products:
You can keep 100% of the profits.
You have the opportunity to set your own prices.
You can hire affiliates and control the 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 enter a niche and make a profit. Create an email list of buyers that you can promote over and over again.
Information products are cheap and easy to make. Once you’re 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. Higher-priced digital products are the key to a sustainable online business. And you can 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 will charge a higher commission for marketing, but you can really make money while you sleep.
Once your product is created in one form such as an e-book, it is easy to convert it into another form, such as a video course or even an audio course. It’s easy to create templates and quick start guides as bonuses for your product.
Once your product is created, it can generate income months and years later with no more effort on your part.
So if you really want to control your own destiny, you can start by learning how to create and produce your own information product.