Obviously there are several ways to make money online. However, one of the most lucrative ways to make money online is selling your own products. There are literally thousands of products that you can create and sell online, but we will focus on creating your own information products.
Information products are simply products that explain to people how to do something. Some examples of information products would be:
A video explaining to someone how to lay tile in their home.
A book showing someone how to make certain types of caribbean food (recipe book).
A audio course explaining to someone how to increase productivity at work.
A book explaining to someone how to lose weight.
You are probably thinking that you do not know about anything that other people want to learn. The fact of the matter is that you do know something that other people want to learn and would actually pay you to learn it. You just need to find out what it is that you have expertise in and if there are people out there who want to know about it. You can easily do this by visiting an answer and question site like Yahoo Answers or AnswerBag.
The great thing about creating information products is that inexpensive software and internet advancements has made it very easy for anyone to create and distribute information products online.
Here are 4 of the simplest products that you can create and sell online right now.
Digital Books or E-Books
Video Courses or Trainings
Audio Courses or Trainings
Physical DVD's and CD's
Digital Book or E-Book
An e-book or digital book is a book that can be distributed via email or other distribution methods. It is by far one of the easiest products to create. All you need is a simple word processing program like Microsoft Word or OpenOffice and you are in business. After you have created your book in the word processing program you would simply save it as a PDF file which is one of the most popular formats to distribute or sell an e-book.
In the past many people would sell their ebooks from their personal websites or through sites like Clickbank, Ejunkie, and PayDotCom. However, at the moment, many people are beginning to sell their digital books through channels like Amazon Kindle and Smashwords.
The problem that many authors face with selling e-books through Amazon Kindle and Smashwords is the formatting. Amazon and SmashWords requires authors to submit their e-books in a special format. If you do not then your submission will either not be accepted or it will look very strange in the marketplace. To get around this you can hire someone on a freelance site like Fiverr or Odesk to format your book for you or you can use a special software that will format your e-book for you.
Another thing that you should be aware of is the average pricing of e-books sold on Amazon and Smashwords is between .99 cents and $5.99. In the past people it was not uncommon to see people selling digital books for up to $97, but the market has changed significantly since then.
Video Course or Training
A video course or training can consist of a slideshow or powerpoint presentation with a voiceover. Some video courses can actually be screen recordings. In addition to that, it can be an actual live video recording.
In order create a video course you will need software like Keynote or MS Powerpoint to create presentations. You would also need a screen recording software like Screenflow or Camtasia. Keep in mind that Keynote and Screenflow is specific to Mac computer users while Powerpoint and Camtasia are specific to PC users. There is also a Mac version of Camtasia.
If you wanted to create a live recording, then you would need to have a digital camcorder along with some video editing software.
There are several online distribution channels through which you can sell your video course or training like Clickbank, JVZoo, and PayDotCom. There is also a relatively new distribution platform called Udemy that many people are using to sell their courses.
Audio Course or Training
An audio course or training is just a simple voiceover. All you really need to create an audio course is an audio recording software like Audacity or Garage Band for Mac users. Both of these programs allow users to edit their recordings. Some people utilize digital recorders and then import the audio files onto their computer.
In addition to recording software, you will need to have a good USB microphone to make sure that you have good quality sound.
You will be able to sell your audio through several different platforms like Clickbank, iTunes, and Amazon as well.
Amazon Price: $217.49 $119.95 Buy Now
(price as of Jul 24, 2016)
Physical DVD's and CD's
Believe it or not you can easily create, manufacture, and distribute your own physical audio CD's, Data CD's, and DVD's. If you have already created an e-book, a video course, or an audio course, then all you have to do is put these files on a DVD or CD.
In the past if you wanted create a physical CD or DVD you would have to order a minimum amount of units. However there are two services online, Kunaki and TrepStar CD-Fulfillment, that will only manufacture your DVD or CD when you need it. So basically you do not have to order any CD or DVD until you have made a sale. In addition to manufacturing the DVD or CD, these two services will deliver directly to your customers.
You would be able to sell your physical products through distribution channels like Amazon, Ebay, and PayDotCom.
Other Things That You Should Know
Here are some other expenses that you should expect when creating your online products.
- Graphic Design (CD/DVD covers)
- Website Design
- Web hosting
- Merchant Account
- Premium Shopping Cart
- UPC Code (Required for physical products sold on Amazon)