[This is second part of ideas to sell your own product and make money.]
In blogging there are more than several ways to make money online. Its only requirement is to know the art of money making. It is wise to pick a few options from lengthy list and stick to it with a clear monetization strategy.
A little patience is must to get the result. From the day one it is not possible to make money online even with any best monetization option. You simply need to pick a few money making methods that confirm give you good results.
But the question is; how can you sell a product in large number that is already being sold by pro bloggers?
You can’t compete with John Chow or Zac Johnson in generating same amount of sales revenue.
Secondly why do your blog visitors buy your referred product and why they should skip the advice of other blogging pros?
There is no reason of preferring the advice of a newbie over the internet marketing icons’.
So your product must have least selling competition.
It means you need to sell a product that has zero selling competition.
Confused?
There is a product where you are the only seller and rests are your sales agent.
Yes you are right it is your own online product.
In my previous post “5 ideas to make online product and earn money easily” we discussed the basics of developing your own online product. It focused the primary aspects of your products; how it should be packaged and how should be its branding etc.
In this post I give you 5 proven strategies to make money online with your blog
Evergreen products make money online consistently
It depends upon niche of your blog and the nature of your audience what type of product you develop. An online product may be:
- A tutorial
- A guide
- A video course
- A solutions-based ebook
- Blog templates
- Blog widgets
- Coaching for online money making
- Offer to join a group and earn money easily
- A tangible product like tea shirt or insignia
Whatever type of product you want to make it must be free from the need of frequent updates. After a quite a long time you can update it to keep it in the list of best products. But it should not need frequent updates or improvement.
So your product must be an evergreen product. You should focus to sell it more and more and don’t worry about its quality control once you make it. In this way you can earn money easily without spending time on its further development.
If you improve your product you need to send the updated version to all who already bought its old version. This exercise may annoy your old customer who might have already applied the trick and tips given in your product.
All in one package to make money online
A famous blogger recently released a complete guide to start a blog. He awesomely made the guide concise. But in his attempt to keep it concise he had to put several links for detail review of the subject. In this situation readers have to shuttle between base product and referral products if it happens. It is not good from benefits point of view.
Your product must be a complete package providing every necessary detail that your readers need. They need not move to other authority sites for further review of the topic to earn money easily.
Supplementary product to make money online
This is a good strategy to make money easily. Make a perfectly complete product but keep space for its advance level to sell another product to your customers who are fully convinced of the quality of your primary product.
But your base product must not be simply a promotional brochure of your advance product. You need to fulfill your customers’ product need completely and perfectly. If they need to grow more you can offer another advance product of same nature.
Minimum theoretical
Good writers start their tutorial with an advice to their readers to pick a pen or pencil and do the practical work after completing each chapter.
So your product should not require simply an act of reading or listening to remember it and then apply whatever is learnt to earn money easily. It must have practical aspect more with minimum theory. After every main point you must ask your readers to do an exercise before moving forward.
Free updates subsequently
Selling good product to your customers means developing long term relationship with them.
For this you need not to stay silent after selling one product. You should send them free updates related to your product as and when need arises.
In this way you will strengthen your relationship with buyers of your product. It means you have wide space to sell your next product to make money easily to your regular customers whom you are in contact. Even you can also ask them to refer your product to their friends if you manage to have good relations with them.
So these are five proven strategies to make money online with your blog. I am sure now you can start making your first online product and be less reliant on affiliate products. Do you still need more advice on this topic just drop a comment to let me reply you?