Selling products or services is not the only way to make money online. What you know can earn you a nice income. People are always looking for information to help with a problem, to educate them or to entertain them. There is big money in information products on the Internet. The potential for huge profits are great because you have low startup costs and no inventory.
The most common information product is an eBook. An eBook is simply information in an electronic rather than paper format. Other information products include:
Streaming video viewed on a web page
Audio files on tape or CD
Pod casts
Access to web pages where info is stored
Printed books, CDs, DVDs sent to buyers.
Computer + Topic = Information Product
Big money in information products happens because the process is very easy to create. Choose an interesting topic, put fingers to keyboard and in a little while you have created an info product. If the topic is really hot, you may start earning income hours later. Internet technology provides 24/7 sales and delivery of product. Automate your site so you can sell the product, process the payment, deliver the item via email and follow up with the buyer later to check on customer satisfaction and sell more stuff.
What makes a good information product?
Practically any subject can net big money in information products. How to start a business, self improvement techniques, career advice etc. If you can think of a topic, there are probably people willing to buy the information product you put together.
Use your interests and expertise for subject ideas. Search online forums to locate people who might be interested in your information product. Offer to send them a free copy of your info product. This will spark sales and lead to referrals for you.
No writing experience needed.
You do not have to be Pulitzer Prize material to create information products. There are millions of works in the public domain that you can republish and sell. These include non written items such as art, photos, old films and historical speeches. You can even hook up with a talented writer to help you create an information product and pay him a flat fee or percentage of the profits.
You could make a video of yourself or another person demonstrating some skills like cooking or crafts. Budding musicians can record their songs and sell them as an mp3 download. There is even a guy who records himself reading nursery rhymes and sells the CD to parents with small children.
Product Promotion
A lot of fledgling book authors and musicians sell their books and CDs from the back of their car trunk. For online information products, your web site is your car trunk. Create a site specifically for selling your information products. Participate in affiliate programs to increase site traffic and sales for your items.
101 Ways To Make Money
Post on forums
It has been shown that people don't want to post on forums unless there are already posts. Those posts need to be recent as well. You've probably gone to what you thought might be an interesting discussion board and then decided not to participate because the posts were all old or there weren't very many of them. New forum owners pay people to post comments, start threads, and respond to other threads in an effort to get some forum action going. As the forum grows, the level of posting increases until paid posts aren't necessary.
Forum owners make money in several ways. One of those ways is through revenues generated by pay per click advertising. If they don't have traffic and participants, the ads won't get clicked and they won't make money.
Forum topics have a huge variety. There's probably a forum for just about any subject. Usually a paid poster has to have at least some knowledge of the subject to post relevant comments. There can be a minimum word count for the posts. Posts of "I agree," "Me too," and "Thanks for the info," are too short and don't add anything to the discussion, so forum owners don't want to pay for them. Posting on forums doesn't pay a lot, perhaps as little as 10 posts for a dollar. Find the jobs on Internet marketing related discussion boards and websites.
Post on blogs
You can be paid to post comments on blogs much the same way you can be paid to post on forums. A new blog looks lonely without any comments. If no one else has commented visitors are hesitant to comment as well. Pretty much the same criteria applies, the posts can't be too short and have to be relevant to the subject matter. Some blog owners allow a link to be placed in a paid post and others don't.
You can search for offers of 5 posts for a dollar. If each post takes a minute you would have to work a little over 8 hours to make $100.
Post on your own blog
If you have a blog that gets a bit of traffic, has been around for at least 60 days, and has from 20 to 30 posts on it, there are sites which will pay you to post a short blog about a product or company. Usually the blog has to be positive about the product or company and be at least 200 to 250 words long and have a link to the product. The payment runs from $5.00 to $10.00. If you plan on earning any significant amount of money it's best to set up a network of 5 to 10 blogs. Most sites that pay for blog posts prefer that not every post be paid for and they also limit the number of blog posts you can make in one day.
Posting your way to dollars is one of the ways to make money online.
Both Obinna Heche & Dee Power are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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