Believe it or not, usually considered as the least of your concerns is finding a product to market. You can find a product in many ways. You can either sell a service, create your own information product, or market the product of other people for commission.
It may be a good idea to provide a service for people but of the three, this is often the most time-consuming. For example, if you write resumes for people you only get paid if you work. By if you choose to sell an already-made product like an information product or an affiliate product, then with little work on your part, you can make sales after you are set-up and you can even set your website on autopilot.
I want to make this very clear: You will have to work. At an absolute minimum, you must maintain your advertising. If you do not, your lead generating machine will dry up.
You may decide to write your own information products. This is not as difficult as it sounds. You know something about something: What do you do for a career? What are your different hobbies? What are the things you like to read about? Correlate these ideas together, and out comes an ebook, an autoresponder course, or a special report!
It's not necessary for your product to be long especially if it's a specialized one. For example, a well-written 5 page how-to article on grooming your dog could sell for $15-$20 dollars.
Have you thought about it? The information you provide is what people would be looking for because they think that groomers are overpriced and therefore doesn't want to go to them. They would pay $480 to the groomer if they visit once a month and would normally pay $40 per visit.
However, you will have saved them $460 minus the cost of grooming equipment they will have to buy if they buy your information at $20 and it's also possible that you have gained a customer for life.
You may choose, however, to market someone else's product. Affiliate marketing is what this is called and it is probably the most popular form of Internet marketing. A word of caution though: Because some of the products, especially the ones sold by the 'gurus', are in over-saturated markets, you need to choose your product well.
You can even try to combine and innovate infoproduct with affiliate marketing. Take the example of the how-to article on bathing and grooming your dog. You have provided your customer with a very well-written explanation of how they can save money by grooming their dog at home. Even though they have saved money, they still need grooming tools and equipment.
You could research the various grooming tools, looking for best price and best value, and add one or two pages to your booklet recommending these. Add value to your business by setting yourself up as an affiliate for those products, and recommend your affiliate link in your booklet. When your customers click on the link in order to buy grooming tools, you can then make a commission.
Congratulations then! You were paid on the purchase of the grooming tool that you affiliated for as well as for the purchase of your infoproduct and as you were paid twice, a multiple streams of income is what you just experienced.
This is how to parlay your experiences into multiple streams of income online.
It may be a good idea to provide a service for people but of the three, this is often the most time-consuming. For example, if you write resumes for people you only get paid if you work. By if you choose to sell an already-made product like an information product or an affiliate product, then with little work on your part, you can make sales after you are set-up and you can even set your website on autopilot.
I want to make this very clear: You will have to work. At an absolute minimum, you must maintain your advertising. If you do not, your lead generating machine will dry up.
You may decide to write your own information products. This is not as difficult as it sounds. You know something about something: What do you do for a career? What are your different hobbies? What are the things you like to read about? Correlate these ideas together, and out comes an ebook, an autoresponder course, or a special report!
It's not necessary for your product to be long especially if it's a specialized one. For example, a well-written 5 page how-to article on grooming your dog could sell for $15-$20 dollars.
Have you thought about it? The information you provide is what people would be looking for because they think that groomers are overpriced and therefore doesn't want to go to them. They would pay $480 to the groomer if they visit once a month and would normally pay $40 per visit.
However, you will have saved them $460 minus the cost of grooming equipment they will have to buy if they buy your information at $20 and it's also possible that you have gained a customer for life.
You may choose, however, to market someone else's product. Affiliate marketing is what this is called and it is probably the most popular form of Internet marketing. A word of caution though: Because some of the products, especially the ones sold by the 'gurus', are in over-saturated markets, you need to choose your product well.
You can even try to combine and innovate infoproduct with affiliate marketing. Take the example of the how-to article on bathing and grooming your dog. You have provided your customer with a very well-written explanation of how they can save money by grooming their dog at home. Even though they have saved money, they still need grooming tools and equipment.
You could research the various grooming tools, looking for best price and best value, and add one or two pages to your booklet recommending these. Add value to your business by setting yourself up as an affiliate for those products, and recommend your affiliate link in your booklet. When your customers click on the link in order to buy grooming tools, you can then make a commission.
Congratulations then! You were paid on the purchase of the grooming tool that you affiliated for as well as for the purchase of your infoproduct and as you were paid twice, a multiple streams of income is what you just experienced.
This is how to parlay your experiences into multiple streams of income online.
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