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Creating Your Information Product
How to build your own Information Business Empire that banks in 6 or 7-figure income into your pocket 24/7!
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Types of Products to Sell
Physical Product Digital Product
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Why Sell Digital Products?
Product creation is zero or low cost Profit margin is close to 100% System and delivery can be automated People are willing to pay for good information
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Types of Digital Products
Information Products - E-Book - Audio - Video - Articles Others - Software - Scripts - Templates - Membership Site
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In This Course, We Focus on Creating Your Own Information Product
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The Digital (Information) Product Business Plan
What You Want to Achieve: Do work only once Can be automated and achieve passive income Process and results can be duplicated over and over again!
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Product Creation Criteria
Demand - don’t create one Price – low ticket, high volume? High ticket, low volume? Title – short and snappy; branding of name / company / franchise
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Product Creation Criteria (Con’t)
Contents – must not be found in free products Format – e-book, audio, video Affiliate Links – extra income from back-end
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CONTENT CREATION: 7 Ways to Generate Content on the Fly!
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7 Ways to Generate Content
Self Generated - write your own - record audio - record video Pre-Made Content - public domain - private label rights (PLR) User Generated - interview an expert - hire a ghostwriter
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1. Write Your Own Create your own E-Book in Word Convert to PDF
PDF Maker (Windows):
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How to Become an Expert Quickly
Read 3 of the best selling books in your chosen topic; summarize in 10 to 20 important points! How do you know if you’re an expert? As long as you know 5% more than what 95% of most people don’t know!
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2. Record Audio I use Adobe Audition 2.0 to record my own audio
Get a quality microphone (Karaoke type) – “head gear” not recommended Text Transcription: get a freelancer or college student to do the transcription for you
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3. Record Video IN PERSON: Builds rapport, good substitute for blog content, put salesmanship in person ON SCREEN: good for showing technical ‘how to’ or Presentation Download the latest Camtasia Studio:
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4. Public Domain The work was created and first published before Jan 1, 1923 or at least 95 years before Jan 1 of the current year, whichever is later Public Domain = No Restriction of Use Did you know? 15% of the books in the world today are in Public Domain!
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4. Public Domain (con’t) BUT TAKE NOTE: Not all books in the Public Domain have expired their copyright! Places to get Public Domain: -
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5. Private Label Rights Can put your name as the author and edit the contents Vs. Public Domain – contents are more updated and timely
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5. Private Label Rights (con’t)
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6. Interview an Expert How to Propose to Potential Experts - exposure to audience that haven’t heard of them - they may pitch about their own product in the last 5 minutes of the call Give a set of questions in advance: 4 to 6 will do usually and this can last 30 to 45 minutes Use Skype and Power Grammo
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7. Hire a Ghostwriter Places to look at: College students - Referrals How to save money on ghostwriting fees and get more value: specify amount of words per article. Give assignments in quantity of articles, NOT book.
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Getting an E-Cover for Your Digital Product
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Product Pricing Strategy
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High Ticket - $197 and above
Product Pricing Low Ticket – below $27 Medium Ticket - $67 - $97 High Ticket - $197 and above
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“Why Are Most Information Products Typically Priced to End with ‘7’?
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The Ultimate Strategy with Creating Products
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