How To Make Money Online: Create A Low Cost Information Product

This post was written by Internet Marketing John on May 26, 2010
Posted Under: How To Make Money Online

The best way to make money online from your website, is to create a low cost information product of your own.

moneybagWe all want to learn how to make money online from our websites; but where is the money going to come from?

First of all, building a home based internet marketing information business, without a specific monetization plan, is definitely a bad idea.

You need to know why you’re building an information marketing business, and you need to know what products you are going to sell to make the most money.

In order to generate and retain the most amount of money from your sales efforts, you need to create a low cost information product of your own.

Information products can be created for very little money, to no money at all.

But what exactly is an information product?

Well, information products, (info products) are nothing more than a collection of knowledge on a specific topic, designed to be easily consumed by users, and assembled in some easily distributable form.

You can create a low cost information product in either a physical or digital format, or even a combination of the two.

Here are some types of info products you might want to consider creating .

Physical Information Products:

  • Books
  • Magazines
  • Newsletters
  • Newspapers
  • White papers
  • Reports
  • CDs
  • DVDs
  • Blu Ray
  • Workshops
  • Training Seminars

Digital Information Products:

  • Ebooks
  • Ezines
  • Email Newsletters
  • Digital Reports
  • Digital White Papers
  • Online News
  • Digital Audio MP3s
  • Digital Videos
  • Streaming HD Videos
  • Online Webinars
  • Online Teltseminars
  • Online Membership Websites
  • Software Programs
  • Scripts

When you are trying to create a low cost information product to make money online, it’s much better to focus on digital information products.

There are several real benefits to creating digital information products that you don’t realize with physical products.

  • Digital information products are much easier to create and market.
  • Digital information products offer a higher profit margin, are low risk, and generally cost much less to create.
  • Digital information products are perceived to have a higher value than the same type of physical product.
  • Digital products are scalable.
  • Digital products are easier to manage and dispense.  You have no physical inventory to worry about and delivery of  products are instantaneous.

Most people gravitate towards Ebooks when trying to create a low cost information product.

However, they are not the easiest to produce, and they often have a lower perceived value than other product types, such as audio or video information products.

Believe it or not, the easiest type of information product to create are audio recordings of various types, screen capture videos, or web camera or flip type videos.

You need to remember that your niche market will determine the eventual price of your information product, regardless of how much effort you put into creating it.

The actual type of digital information you choose to create, is also entirely dependent on what your market wants.

The format you use depends on the product you provide to your market, and how it fits into your overall business model.

Before you create a low cost information product to sell to your niche market; remember that your product must be a solution and not a suggestion, if you really want to make money online.

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