Monday 17 May 2010

MONEY MAKING IDEA #4

Product Creation


Difficulty: Intermediate
Cost To Use/Implement: Free-$350+
Time & Effort Involved: 10-60 Minutes
Ways To Use/Implement: Several


Description:
Creating your own product can be a time consuming task. And, a lot of people that are new to this type of activity can become intimidated by the concept rather quickly. They begin to question if their product is 'ready' to be unleashed unto the online world. And so, they place it on the 'back burner' for another day. Then the day turns into a week, a month, six months, and so on, until they have completely forgotten or given up on the prospect of creating something of their own.

Let me tell you this: Creating Your Own Product Is NOT A Hard Thing To Do! Not by any means. So long as you have the right tools on hand to do it. Let me further explain that everything you have done up until this point can help you sell your product and earn you more profits even AFTER you have sold your original product.

So, the first thing you are going to need is a tool to turn your words into an 'official' e-book(electronic book). But, before we get to the free tool, let me take a moment to explain WHY we are focusing on the 'e-book' format.

First off, they can be produced rather cheaply. Second, they can be produced quickly. And third, they can be downloaded almost instantly by your customers.

So, easy to make, cheap to make, and no physical shipping necessary? That's all you need to know right there! Sure, it's gonna take a bit of work on your part, but after the initial work of creating the product is done, distribution will be next to nothing. And, best of all, distribution won't cost you anything!

Okay, now for the free tool. All you need to create your own PDF e-book is: Open Office Suite. It's 100% free and you can use it to make PDF e-books in a snap. Why PDF e-books though? Well, because PDF e-books can be read by anyone no matter the operating system their computer is running on. And because there is not a threat of malicious viruses being attached to them like .EXE files. Better for you, better for your customers :-).

Once you have your Open Office Suite downloaded and installed on your computer, you will notice there are several tools ready for you to use. For e-book creation, all you will need is the 'Writer' tool. It operates almost exactly like Microsoft Word, but you can do more with it, including, and most importantly, saving your compilations as PDF e-books with the click of a button. That's pretty impressive. Especially for a tool you paid nothing for.

Because this process of e-book creation is so complicated, I will give you a free copy of another e-book that takes you through the process step-by-step to get you started. It's a great read and super informative. Grab your copy of Newbie's Guide

After you have your product all finished up, it's time to 'take it to market'. Or, sell it ;-).

While you can of course sell your product as it is, there are a few other things you can do to make it more of an attractive product to potential customers. And that is by offering some form of Resale Rights with it.

Again, I won't go into the entire description of types of resale rights, because you can download a superb ebook that explains that. But just know that by offering such a 'bonus' to your buyer's purchase can boost your sales.

Another thing you can do to try and boost your sales, and this has been proven to work, is to create a virtual ebook cover. This can get pretty expensive if you hire someone to do the cover, but it is possible for you to create your own for free. Give it a try, you never know what you may be able to come up with. And, if that's not good enough, how about downloading a copy of Free Report.

No comments:

Post a Comment

eMarketer Articles and Newsroom Posts