Money Making Idea #4: Product Creation
Difficulty: Intermediate
Cost To Use/Implement: Free-$350+
Time & Effort Involved: 10-60 Minutes
Ways To Use/Implement: Several
Creating your own product can be a time consuming task. And, a lot of people that are new to this type of activity can become intimidated by the concept rather quickly. They begin to question if their product is 'ready' to be unleashed unto the online world. And so, they place it on the 'back burner' for another day. Then the day turns into a week, a month, six months, and so on, until they have completely forgotten or given up on the prospect of creating something of their own.
Let me tell you this: Creating Your Own Product Is NOT A Hard Thing To Do! Not by any means. So long as you have the right tools on hand to do it. Let me further explain that everything you have done up until this point can help you sell your product and earn you more profits even AFTER you have sold your original product.
So, the first thing you are going to need is a tool to turn your words into an 'official' eBook (electronic book). But, before we get to the free tool, let me take a moment to explain WHY we are focusing on the 'e-book' format.
First off, they can be produced rather cheaply. Second, they can be produced quickly. And third, they can be downloaded almost instantly by your customers.
So, easy to make, cheap to make, and no physical shipping necessary? That's all you need to know right there! Sure, it's gonna take a bit of work on your part, but after the initial work of creating the product is done, distribution will be next to nothing. And, best of all, distribution won't cost you anything! In fact, there are site out there now like Platinum Resell Rights that will give you products ready-made so that you can just focus on the selling!
Okay, now for the free tool. All you need to create your own PDF e-book is: Open Office Suite (http://www.openoffice.org). It's 100% free and you can use it to make PDF e-books in a snap. Why PDF e-books though? Well, because PDF e-books can be read by anyone no matter the operating system their computer is running on. And because there is not a threat of malicious viruses being attached to them like .EXE files. Better for you, better for your customers :-).
Once you have your Open Office Suite downloaded and installed on your computer, you will notice there are several tools ready for you to use. For e- book creation, all you will need is the 'Writer' tool. It operates almost exactly like Microsoft Word, but you can do more with it, including, and most importantly, saving your compilations as PDF e-books with the click of a button.
That's pretty impressive. Especially for a tool you paid nothing for.
Because this process of eBook creation is so complicated, I will recommend an all-in-one training kit for you called The 1 Day Product Creator. The 1 Day Product Creator contains videos on market research, keyword targeting, eBook covers, and file setup.. basically the lot. So it's worth checking out.
After you have your product all finished up, it's time to 'take it to market'. Or, sell it ;-).
While you can of course sell your product as it is, there are a few other things you can do to make it more of an attractive product to potential customers. And that is by offering some form of Resale Rights with it.
Another thing you can do to try and boost your sales, and this has been proven to work, is to create a virtual eBook cover. This can get pretty expensive if you hire someone to do the cover, but it is possible for you to create your own for a lot less with tools like 3D Cover Creator.