For many different niches you can find at least a dozen, profitable business ideas by searching through public domain materials. And with the public domain, it becomes a snap to take the information you require, re-package it, edit it if necessary and voila – you have built the backbone of your online business (content) in no time at all.
A business is either a service or a product. And as such, there is a certain level of quality that you must adhere to in order to be successful. It is also important to build a degree of trust, and in the long run that only comes with your customers believing that you can, in essence, "over-deliver".
You can easily use works in the public domain to increase your profitability with your own info product. You can also use works in the public domain to save you time in creating your info product. And, you can use works in the public domain to market your own info product (for example, use a public domain work to put together an ecourse that recommends your info product in each issue). You can consistently jump-start your business ideas by giving them shape through the power of the public domain.
Hiring a ghostwriter can be quite expensive. So, if you are not already a millionaire guru, what do you do? You certainly can’t afford to spend $500 or more straight-up for someone to write your first product. You want something that is affordable, and allows you the chance to MAKE the money before you start spending it.
Right?
That’s where the true power of the public domain lies. You can take a ready-made product and use it for your business. Even if you want to sell it just as it is (although you might want to edit it a bit to update the writing style and put in your own information), there are many, many works lying in the public domain that are ‘instant information products’.One such product is an eBook on card tricks that I read recently.
It is a scanned version of a card tricks book published in 1903. A quick search on Wordtracker will tell you that this is indeed a niche product that is demand. While not a stellar niche, the idea here is to get started on a solid footing, and public domain works will help you do just that.
Instant Information Products
The public domain has the power to provide you with instant products. Pick a market, evaluate its profitability, and use a public domain work to immediately launch your info-product business. A stunning example of this is how you can use courses and books directly from the early 20th century to re-package and sell instantly online. The value of information in such books such as ‘The Secret of Wealth' by Franklyn Hobbs is timeless and easily worth your time and investment and there are many such books available on the public domain.
Membership websites
If you are looking to start a membership website that provides quality information on a niche topic but do not want to invest too much in time and work (by writing the content yourself or paying someone to write it), you can use public domain information to get you started. Since start up membership sites traditionally need 2 to 3 months of information before offering monthly-fee subscriptions, the work required is quite a lot and if you can find public domain works to supplement your content, you may have hit a potential goldmine.
Create multiple delivery streams
This is a business maxim that Internet business gurus swear by. We have all heard about the power of having multiple income streams, but that’s only half of the story. If you are delivering products through just one medium (i.e. through info-products or just selling services), you aren’t realizing the maximum potential of the income-generating abilities of your business.
As flowery as that sounds, consider the impact of using an audio-course, memberships, info-products and AdSense income on a single business venture instead of using just AdSense on an ‘informational’ website. While such a business venture requires a lot more work than just ‘set and forget’, you can still manage a great degree of automation. The key is to maximize your business potential by using every possible method to profit from your products.
In all, the public domain can add another income stream from any type of site or can be used as a product alone on a single mini-site.
Li Ming Wong has sinced written about articles on various topics from Search Engine Marketing, Abdominal and Blogging. Li Ming Wong is an internet marketing entrepreneur. Visit Blog for tips and guides to starting your own online business.. Li Ming Wong's top article generates over 74000 views. to your Favourites.