Archive for Product Creation
A Profitable Week!
Posted by: | Comments
I should really apologise! I have been out of touch for a while. I’ve been really busy, and also took a weekend off. It was bank holiday weekend in England (basically a day off work), and I promised my girlfriend that no computers would be switched on for 3 days! It was hard, but i did it!
As I said, I’ve been really busy over the last month. I have had my most profitable week since I started my journey to make a full time living online.
Product Creation
I have officially now created and sold my first product – and I have about 3 more on the way!
Product creation, in my opinion is the best way to start making a living online. It can be difficult, but I’m sure that you know something that comebody else would pay to know. Just think about it for a second..how much more do you know now, than you did 6 months ago?
My product was a system I used to make some cash as I was getting started. I still use it now, but I am more focused on product creation, and developing my ideas at the moment as my time is really limited.
The system I used was leveraging Yahoo Answers. It is pretty simple to so – and I created a step-by-step report on what I did.
So, it’s simple, learn something – master it, put it into your own words – or add your own twist on it and you have a product!
Where did I sell it? Basically, I put up my product as a WSO on the Warrior Forum. It is a great way to get your product in amongst targeted buyers.
Many people have problems developing their own products, it can be pretty tough, If that’s the case then just hit me up – I would love to talk to you about any issues you are having – and maybe have a brainstorm and come up with some ideas for you.
Another things about product creation is that you can build your list aswell as make you some cash. over the last 2 weeks I have increased my list by around 80 subscribers, which isnt much, but it almost doubled the size of my list!
Website Flipping
Currently I am working with another one of Alex jeffreys 2.0 students – and we are in the process of building a website to flip. This in itself, can earn you a full time income, but can be pretty labor intensive if used as your sole income stream.
What I prefer is flipping actual businesses. This is something I picked up off one of my friends, Steven Walk.
Basically, you build yourself an online business – with some sort of continuity involved – so to keep it simple, you develop a coaching course on listbuilding, which is 6 months long and content is drip fed every week.
Once you get some recurring income – the value of this website ROCKETS.
People love geting their hands on readymade businesses, it takes all the hassle out of creating your own product and information.
You may think it would be stupid to sell a business which is making you a solid monthly income…
but..what if you kept 20% equity in it when you sold it?
You would have some cash to build another site – maybe something which has a higher ticket value – so more $$$ per customer. You have more cash to advertise and promote, and in turn get more members. When you come to sell this site, as there is a higher monthly revenue, you can ask a higher price.
If you keep another 20% equity in this business, then you are increasing your monthly income – and it will be on complete autopilot.
Now it might be that somebody is not prepared to give you 20% – so you could put a time limit on it. So you have 20% equity for 3 months, and can be used on a consultancy basis if any problems arise. In those 3 months, you can develop your next flip and get ready to sell it.
That way, you always have a monthly income!
Anyway, they are just 2 business models I am working on at the moment. I have tried to keep it simple, and just give you an insight to what I am doing.
It will hopefully give me some capital that I can reinvest back into my business, and grow it further!
If your having any problems, then just shoot me a comment and I’ll be happy to help!
Product Creation Problems?
Posted by: | CommentsThis is a topic some people are pretty scared of. Sitting down, and ACTUALLY creating your very own product.
I have a couple of tips for you if you are trying to create your own product, but have a bit of writers block.
I know how hard it is to get all the things you know down on paper, in a way that people will understand. I sometimes think that people won’t be interested in the things that I know. I suppose these feelings are natural, but they don’t help!
If you are having any problems getting things started then here are a couple of tips tips.
- Outsource it!
You can outsource your product creation. Just head over to one of these websites.
I have used all 3, and have had good and bad results. The beauty is that if you aren’t happy, you don’t pay!
The way it works is that you post a project, and in this you write a summary of what you want. I recommend being as detailed as possible with this, so that you get EXACTLY what you ask for!
People will then ‘bid’ on your project, it’s kind of like the reverse of eBay! You will get a range of ‘bids’, but remember, the lowest bid won’t always be the best option. Check the person’s feedback and ask for samples of previous work. Once you find someone you are happy with, you award them the project. Now, don’t just leave them to it. Make sure you get updates on their progress. Get them to send you the work that they have done so far so that you can review it, this will make sure things run smoothly, and also save any issues when the product is completed.
I wouldn’t suggest just using the book produced as your finished product. You need to put your stamp on it. This can be as easy as telling your story, and putting your picture in it, this will brand YOU, and also people love to hear stories that they can relate to.
You will also need to get yourself some graphics. I recommend Michael Ottman at www.simpleecovers.com. He did my header, just check out his site!
- Blog Your Product
You might be wondering what this means. I think it’s a really handy tip and it kills 2 birds with one stone (not that it’s cool to kill birds).
All that you need for this is a blog, and to be able to convert a word document into PDF!
If you have a blog, then I’ll take a guess and presume you post to it! What you can do, is copy your blog posts into one document and turn it into a book.
So, plan to write say 10 posts on ‘Listbuilding’, for example, and write these over the course of a month (about one every four days). Just to show you how easy it is, your 10 posts could be:
- Why should you build a list?
- Auto-responders and what they do.
- What is a Squeeze page and how to set one up.
- Email marketing and what not to do!
- Building your list with giveaway events
- Building your list with ad swaps.
- Building your list with social media.
- Building your list with article marketing.
- Split testing.
- Building sub lists.
This is less daunting than sitting down and writing a full eBook. Once you have written them, just put all the content into one document! It’s as easy as that! You can obviously add screenshots to it if you like. This breaks up the text, as well as illustrates your written instructions, which people seem to prefer. This is a relatively easy task – but again, the images can just be added into the blog post, making the finished product all that more easy to produce!
It may require some editing so that the chapters flow correctly, but you could outsource this if you wanted – as well as get it proofread.
The benefits creating a product by blogging are:
- The content is already there. All you need to do is copy and paste.
- You have been providing quality content to your reader base.
- Blog posts are easier to write, and take less time – plus, you have to post to your blog anyway!
You might be thinking it’s a problem posting this information for the world to see, and then packaging it up into a book, but not everyone who reads the book will read your blog, and everybody people will read ALL of your posts. Even if someone has done, I’m sure they won’t mind getting FREE quality content.
As with the first method, you will need to tell your story and get some graphics done!
So, don’t worry about creating a product, it sounds harder than it actually is!
