Having your own information product is one of the easiest ways to make money online. Your own digital product can help you to 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 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 is automatically put into your PayPal account. It is all automatic and you don’t have to do any more work.
Udemy is just one provider of online courses. They have 4 million students and 20,000 courses and over $93 million in annual revenue. Lynda is another big name online course provider doing $100 million in annual revenue. And there are many more 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 instructor does not make that much money on Udemy. But the only way for you to find out how much money you can make is to create your own information product and sell it.
Some of the big name infopreneurs are making millions selling their own digital products. Check out Warrior Forum, Warrior Plus and ClickBank to see what these big-name marketers are selling.
This make 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. Having your own information product allows you to build a list of buyers. The list is yours. It can’t be taken from you. The list is your business asset. You can now market to your list.
Here are some of the benefits you get from producing information products:
You get to keep 100% of the profits.
You get to set your own prices.
You get to hire affiliates and control how much commission you pay them.
You have complete control over the content.
By having your own products, you become an authority in your niche.
Product creation is the fastest ways to break into a niche and profit. You build an email list of buyers that you can promote to over and over again.
Information products are cheap and easy to make. 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 price products. The higher priced digital products are the key to a sustainable online business. And you will get to keep the profits.
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 take a bigger commission for doing the marketing but you can truly make money while you sleep.
Once your product is created in one form like an eBook it’s easy to convert it into another form such as a video course or even an audio course. It’s easy to make templates and quick start guides as bonuses for your product.
Once your product is created it can produce income months and years later without any more effort on your part.
So, if you really want control over your own destiny you can get started by learning how to create and produce your own information product.