INTRODUCTION
If you follow trends and internet news, chances are you have heard the incredible stories of many people who have managed to make a fortune selling digital products online. These are not just stories, it is real. Home-based businesses backed by different digital information products are real and anyone can make a living out of it.
If you have ever searched for information on this subject it means you are interested and that’s a good start. Determination and dedication are probably the important qualities needed to run a successful home-based business.
If you have those qualities, it means you only have one thing to worry about before you start your journey to making money online: WHAT digital product can you sell?
Now that is a big and most important question. The success of your digital cash empire depends on product choice. If you pick the right product to sell you are well set to succeed.
Potential digital products to sell
You may already know this: there are many different digital information products that you can sell. They all come in different formats. That means their potential to bring income is also different depending on the audience and the person selling the product. Do not let this worry you though, in this report I will go through a number of high performing digital products that are bound to fetch you an income. I like to call these fail-safe products; they are destined to sell. All you have to do is to choose the one that interests you the most, do your market research and start selling.
So your Digital Cash Empire begins right here, right now.
Are you ready?
Let’s get started!
Ebooks
This is the cornerstone of digital information products. You have come across plenty of ebooks and you will come across plenty more. Be it an ebook on Amazon or a ‘how to guide’ on a blog, there is someone making an income from that product. Ebooks are the easiest way of making money online. You just have to make sure yours responds to the three principles of quality ebook writing:
1. Creative
2. Unique
3. Problem-solving
Think of any subject or topic.
Have you thought of one?
Whatever topic you thought of, there is an ever-growing population of internet users who will eagerly read an ebook on that very topic. If you apply the three principles I mentioned above, you can write an income generating product. It is that simple.
Most internet entrepreneurs that you come across online have made money selling ebooks. They still do and will keep doing it. Why? Take a look at these quick points:
• Producing an ebook is a one-time process. Once you have completed writing your content you do not have to rewrite it again. You will sell the same content forever to many different readers.
• Passive income – once published you do not have to do anything except market it.
• No expenses – you write and publish. You can get started anytime, no capital is needed.
• It is the easiest way to start making good money online.
You see how lucrative the ebook business is? It is literally a cash cow waiting to be milked.
So how do you get started?
Getting started with digital books
Your interests and skills.
Answer two simple questions before attempting to write a digital book: What interests you? How much knowledge do you have on each of these interests?
Finding your interest is important because if you work on something that interests you, you will never get bored and you will enjoy writing your book. The knowledge part ensures that you do ne get stuck in the middle and run out of information to complete the product. The good news about subject knowledge is you can research about it; the interests part, however, is not negotiable.
Evergreen niches.
Another good tactic when dealing with digital information products is to focus on the evergreen niches. There are many of them. These are topics that are strong and have been proven to command an ongoing audience. For example, a topic like weight loss, parenting, health etc. will forever have readers. Evergreen niches never fade; it is better to focus on such topic rather than hyped topics that fade.
Solve a problem.
People are always searching for a fix. Provide a fix to an ongoing problem and you have your Digital Cash Empire. Take a look at the following most searched questions on google:
How to get over a breakup.
Lose weight in a few days.
Home remedies for common.
Do those sound familiar? Maybe you have even searched for one of them yourself! Anyway, these are just a few examples of the kind of solutions people always searching for online. There are probably thousands and thousands more. Find a unique and creative fix to one of these menacing problems and you have yourself the best selling product. It is that easy.
Beginning point
If you are still not sure of where to begin, take a paper and write the following words:
‘How to…’
Now complete the sentence with as many things as you can. These should be things that you know how to do like the back of your hand.
Examples:
How to save electricity.
How to do your credit report.
How to train your puppy in 7 days.
How to lose weight in two weeks.
How to learn a new language in 28 days.
Those are just examples. Make your own list. Pick the most interesting and most searched for and start creating content. You have your ebook right there.
Mobile apps
iTunes and Google Playstore are billion-dollar empires. People make money by developing apps for those platforms. It is an evergreen market. It will not stop growing, in fact, many other platforms are emerging. That means more and more opportunities for app developers. But what if you have ZERO coding knowledge?
That is not a problem at all!
All you need is an idea. There are many freelancers online who will write the code for you at very affordable rates. Even better, there are platforms that sell ready to publish apps. There are platforms that sell source codes, reselling licenses and more. You do not have to be a programming guru to develop a mobile app.
Generating income from a kick-ass app
Put up the app on iTunes and Google
Those are the two leading mobile app platforms. Publishing your app on those two platforms is bound to give you an incredible amount of exposure. You can decide to make your app a ‘paid’ app, but raking up income from that can difficult unless your app is really excellent.
Freemium apps
Offering your up for free is probably the fastest way to make money. Free apps rack up downloads and those downloads can bring you income in a number of ways:
• Google download threshold: after a certain number of downloads, Google will pay you handsomely.
• Ads: you can publish ads within your app. The more downloads and users you have for the app the more you will make from advertisements.
• Paid upgrades and services: paid upgrades and add on’s bring in a lot of money. You offer the audience a free up, get them hooked and interested and propose paid upgrades to unlock extra features or services.
There are many other creative ways of monetizing your app. The basic principle is that you should have a viable app published on Apple and Google. There might be some publishing fees when getting started but once the app starts generating an income you will see how worthy the process is.
eCourses and Training
Online courses and training are becoming more and more popular. This another lucrative digital cash empire. People will pay to be taught a new skill. That is why platforms like Udemy and Skillshare are so successful. There is power in knowledge and most of all there is money in power.
Are you good at something? DO you have great knowledge about something?
You can create eCourses and train people online and make an income.
Will people pay for online courses?
Yes. People are looking to advance their positions and gain more knowledge. As long as the training module is worth it, they will pay for it.
So your challenge is creating a valuable course. Do not panic, it not difficult at all. The 3 principles of creating a valuable ebook apply here too:
1. Creative and fun
2. Unique
3. Problem-solving
People will pay to attend a creative, unique course that provides them with the skills they need to solve their problem. It is a basic concept really; people will pay to solve their problems. So if your training module answers to that it will sell and bring you income.
Why people make money by creating online courses?
Anyone can do it
If you have a skill or deep understanding of something you can create an online course about it and make people pay for the information. It doesn’t matter who you are.
Does not cost much to set up
Setting up an online course does not cost much. You will most probably pay to set up a website which is not much these days. Alternatively, you can join teaching platforms like Udemy and Skillshare. Which will help you hit the ground running.
Once your course is the setup you can keep making money from it for as long as you like. You can provide constant improvements to the course and make it more attractive but generally, it does not require much work after the initial setup.
A great tip:
To make even more money from your course is to provide it in parts. That way when a student completes part one they will be inclined to come back and enroll for part two or another related course. Make sure you maintain value though.
