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Hey everyone, this is Steve from BusinessOnlineGuidance.com
In this video I'd like to show you one of the most popular online business ideas.
Selling your own digital products.
First, I'll walk you through the basics about what this online business idea is,
and how you can make money with it. Then
at the end of this video, I'll show you a great, free resource
where you can learn a lot more about this online money making opportunity
if you'd like to. So let's get started!
How does it work? You simply create your own digital products
about a topic you're knowledgable about.
This product can be an eBook, an eCourse or anything else.
For example, let's say you love knitting, and know everything about it.
Then you can write an eBook on the subject, covering the most important things one
needs to knwo to become a great knitter.
That's it! You've created your very first info product.
How do you make money with this online business model?
It's quite obvious: you can sell your products for a price.
The more people buy it, the more money you will make.
How much does it cost to start this online business idea?
Depending on your circumstances, your startup costs can be as low as a few dollars
or as high as thousands.
The more of a do-it-yourself approcah you take, the lower your costs will be.
On the flip side, the more you outsource, the more you'll have to pay, though the quality will be probably better, too.
How much time does it take to make serious money with this online business idea?
It can take 2-3 years to succeed, if you're working about 30 hours a week.
Of course this is just an estimate, you may succeed a lot sooner, or maybe never...
What are the pros of this online business idea?
First, you can make serious money if your products get popular.
And by serious money I mean tens or even hundreds of thousands of dollars.
Second, you can create a huge, targeted audience
where you can sell your future products as well.
Think about it as a lifetime money machine. And third
this is the most important, you will make money doing what you enjoy.
Once you set up the book for sale, all you have to do is watch the money come in.
It's totally passive income.
Alrgiht, there are several benefits. Now let's cover the downside.
First, similarly to blogging, getting started and noticed in this field is extremely hard, too.
Second, if you're a beginner, you have to learn about self-publishing, editing, graphic design, market research, book marketing and so on.
And third, if you're unknown, finding an audience where you can sell
your future products can be very challenging.
Creating the product itself is actually the easy part.
Marketing and selling it is where most people give up.
But despite all these obstacles I have good news.
There's a free training course available that will take you by the hand,
and lead you from zero to hero in the product creation world.
If you'd like to learn how to create your own eBook and make it extremely profitable,
read Make Your Knowledge Sell by Ken Evoy.
You can find the link to it below. His book will tell,
show, and explain to you all the little details of a successful eBook business,
starting from a to z.
And best of all, Make Your Knowledge Sell is completely free.
You have nothing to lose but an opportunity by downloading it below.
That's all I wanted to tell you about creating and selling your own digital products as an online business idea.
If you'd like to learn more, feel free to ask me anything in the comments below.
Thanks for watching and until next time I'm wishing you success beyond your expectations.