Having your own information product is one of the easiest ways to make money online. Your own digital product can help you 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 multi-billion dollar business. They range from e-books to audio recordings and video courses. Once created, they can be downloaded digitally while you sleep. The money is automatically deposited into your PayPal account. It’s all automatic and you don’t have to do any more work.
Udemy is just an online course provider. They have 4 million students and 20,000 courses and more than $93 million in annual revenue. Lynda is another renowned online course provider that generates $100 million in annual revenue. And there are many more online course providers.
But how much can you earn with your own online course? Udemy claims to have 10 instructors who made $1.6 million in one year. The average instructor doesn’t make that much money on Udemy. But the only way to find out how much money you can make is to create your own information product and sell it.
Some of the renowned infopreneurs are making millions selling their own digital products. Visit Warrior Forum, Warrior Plus, and ClickBank to see what these big-name sellers are selling.
This earning money while you sleep is the great attraction 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 product information allows you to build a buyers list. The list is yours. It can’t be taken from you. The list is your business asset. Now you can market to your list.
Here are some of the benefits you get from producing information products:
You keep 100% of the profits.
You can set your own prices.
You can hire affiliates and control how much commission you pay them.
You have full control over the content.
By having your own products, you become an authority in your niche.
Product creation is the fastest way to break into a niche and make a profit. 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 priced products. Higher priced digital products are the key to a sustainable online business. And you will keep the profits.
You can branch out 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 charge a higher commission for marketing, but you can really 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, like a video course or even an audio course. It’s easy to create templates and quick start guides as bonuses for your product.
Once your product is created, it can generate income months and years later with no further effort on your part.
So if you really want control over your own destiny, you can start by learning how to create and produce your own information product.
