Another method of making money from your blog is to
sell your own products rather than products that others have created. What's
the benefit of this?
First of all, what if you can't find any good products
to sell in your niche? Remember, we're trying to find TARGETED products to
sell, but what if there aren't any?
Naturally, the solution is to make your own product.
This is also beneficial, because instead of making a commission, a percentage
of every sale, you'll be making 100% of each sale, every single time!
With affiliate marketing, you might make a lot of
money. But you'll always be making someone else even more money. With your own
product, you don't have to worry about any of that. All of your profits go
directly back into your pocket.
Once you have a product up and running, you can even
recruit your own affiliates to do a large part of the marketing for you. In
this way, you'll be making income on auto-pilot, and you won't even have to
work for it. Others will be working their butts off just to pad YOUR wallet.
“But how on earth do I create my own product?!”
First of all, research your niche to find problems
that other products / eBooks simply aren't solving. Browse Yahoo! Answers and
popular forums to see the common concerns and issues facing every day people
when it comes to your niche.
Basically, you want to find a tiny sliver of the
market that has a problem that hasn't been addressed by any other products out
there.
Once you've pinpointed this issue, you've found a good
basis for your eBook (or software, service, etc. – I won't be getting into
physical products here)
Now, you can go in many different directions here. You
can write the eBook yourself. I would only recommend doing this if you are
already intimately familiar with the subject matter – don't write a book about
bamboo fly fishing rods if you've never touched a fishing pole in your life.
Once again, you don't have to be some kind of literary
genius to write an eBook. What you're particularly concerned with is addressing
issues properly – you want to make sure that your consumers feel satisfied with
your eBook and that it helped them solve a problem.
To make it a little bit easier, you could use PLR
content as a basis for your eBook. Of course, you'll need to rewrite and rework
it into good, fresh content for your readers, since most PLR content is pretty
crappy anyway. I would recommend just using it for research purposes and to
make the writing come a little bit easier.
You could also hire a ghostwriter to write the eBook
for you. Of course, you need money in order to do this. A 50-page eBook can
cost anywhere from $200 to $2000 depending on the quality and expertise of the
ghostwriter.
But if you have the cash and you feel confident that
you will profit enough from your eBook to recoup your losses, then by all
means, go ahead.
The best and cheapest way to start is as a affiliate. Once you have more experience and bit more saving then you should follow the above method.
