Have you been blogging for quite a long time but yet to make more than a few bucks?
Traffic on your blog is not so less, your contents are great, readers comments are also awesome, you also perfectly optimized Google Adsense and you regularly write reviews of different products and put links of Affiliates in your every second post.
But still you are not making money to live a happy life.
Ok, don’t worry there is a big reason of your not earning huge money and you need to first accept its real cause. I am sure after reading this post completely you will entirely change your monetization strategy to make a full-time income from your blog. So let’s move on.
Making Money blogging was not much difficult in past
A year ago earning from your blog was so simple. To start your blog, you simply needed to;
- Pick a profitable niche that should also be your passion
- Buy a domain name with simple and easy to remember words reflecting your niche
- Hosting that serves your blogging needs to compete well
- A wordpress premium template with easy template and best SEO options.
After uploading your template on your hosting you just needed to write and write. Your success mostly depended upon quality of your contents. How much you would earn it used to depend upon monetary value of your niche. Your main source of revenue used to be:
- Brutally unpredictable Google Adsense and
- Risky affiliates.
You simply used to work as seller to showcase others products. But later on it proved to be not the best way to earn money easily. You needed to put your entire efforts to sell a few number of others’ products for making few bucks.
What is winning approach of making money blogging now?
In a little time of hardly one year things have entirely changed.
Now every pro blogger advises you to create online products if you really want to earn money easily and regularly. For this you should not become selling agent of others and remain uncertain how much money you will earn in your next selling attempt. Also, everything is changing in internet marketing.
Rate of selling commission on each product is quite unpredictable. On some products it is higher; on some other it is dismally low. Now it is needs entirely a changed approach to earn money easily.
Your own product is the best way to earn money easily
It happens to many bloggers that a product they can sell like hot cakes offer little commission while a product offering huge percentage as commission is so difficult to sell. So the only solution to establish a strong earning stream base of your blog is to create online products to sell and make money easily.
To create online product the following five ideas can be your stepping stone to get rid of:
- Unpredictable way of selling others’ products and
- Google Adsense that offers peanuts until you have millions of visitors on your blog.
1. What your audience doesn’t have?
Your audience will not tell you what it does not have.
So first thing to before you create online products is to know what your audience does not have. You can sell their need and earn money. For example if your niche is “how to get student visa”, your audience is obviously those who want to go abroad for higher studies.
You need to assess what is the main problem they have to get a student visa without spending much money. They do have various consultancy services but that are not general. They vary from case to case. So your target audience needs to have a primary consultancy product that guides them how to get student visa and who to hire as consultant for helping them go to the country of their choice for higher studies. So you need to stimulate the demand of your target audience for the product of primary consultancy for student visa and then sell them your product – basic guide to get student visa – on reasonable rates that they can easily afford to pay.
2. The best thing which you can offer
It is equally important to examine your own skills and expertise before developing a product. If there are already many product of similar nature in the market people won’t have any reason to prefer your product.
So your product should not only be unique but it also has value addition as compare to similar products available in the market. Here again let’s suppose your niche is how to get student visa.
There are numerous consultancy services everywhere to help students get a student visa on payment of advisory fee. So here value addition in your product is “how to get student visa without spending a dime”. It will attract your target audience because of its value addition.
This is an age of packaging and branding.
You can’t sell a product if it doesn’t have an impressive packaging and branding. So your product should have an impressive brand name. It may be with a prefix of your blog like “All Blogging Tips for Retiree Executives”.
Yes it is equally an impressive idea.
So many executives of corporate sector want to start a blog after their retirement. They don’t want a blog as hobby but they also want to make some bucks with it to make their retiree life more prosperous. They want tutorial in simpler terms without lengthy plans as younger generation needs.
Packaging means how you offer you product.
If it is simply a report in PDF then no one will love to buy it.
It must have an ebook, an infographic series, Create Online Course and a few video packages to facilitate buyer to learn the contents of your products in whatever format he wants.
5. No seasonal product
Apart from three important points the last but not the least point is; your product must not be seasonal. You can sell it whole year. If your product pertains to Summer Vacation Travel Package you need to take extra efforts in summer vacations to sell hugely and equally cover the off-season slowdown of your business.
Secondly competition is also stiffer in seasonal products market because every seller has same plan as you have to cover the off-season expenses as well. So, select a product that is free from seasonal effects and you can earn money easily during the whole year.
In short we can say for regular stream of income relying on Google Adsense and Affiliate products is quite risky. Google can cancel Adsense account any time without informing you.
You cannot sell an affiliate product confidently unless you first try it and be fully satisfied with its features. For this you need to buy one such product to use and test it before selling it on your blog. It needs money and time both.
So the best option is to create online products to earn money easily. You can improve it as and when the need arises and also introduce several sister products if you get huge response from your market.
Share your ideas
I know you are an energetic and smart blogger. ;)
You must have pretty good ideasto create online products in order to earn money easily. I won’t ask you to share your secret but you can tell a little about it. I have huge experience of idea market consultancy and can advise you to add more value in your project.
So let’s talk about ideas in comments section below.
36 thoughts on “5 Ideas to Create Online Product and Earn Money Easily”
Thanks for endowing such an immense reading experience. It helped me a lot. M very much overwhelmed by this kind of content sharing.
hp online support
Nice post Mi Muba
All the mention content are great and useful to create online product. You have to provide the content, what your audience want. Packing also effect on creating your online product. All those points are good an effective.
Thank you for sharing this valuable content with us.
Hi Muba, great article! I am glad to find complete information about marketing in a single article. Thanks.
+Sarmista Aun: You are right creativity is must to sell your idea otherwise it will simply be another product to make a long queue for attempting to attract customers.
Thanks for sharing the 5 ideas. I do agree with you. In order to know visitors requirement you need to make a research study on your target market. Try to show the creativity and uniqueness in order to grasp visitors attentions.
I agree with content creation .. with quality ..but his can be the most difficult part of the blogging experience really
agree with you on creating a digital product and the advantages of it. I’ve first started with AdSense but eventually realized that creating digital products such as eBooks and trainings are the best ways to increase the online income. Also starting to offer your web services skills to your audience is a great way and I’ve personally found some of my clients through my blog.
Sir! As much as you do write for me, i would also love to write for you here on allbloggingtips.com. Am really waiting to hear from you…..
I have been trying to make my product but i seriously haven’t gotten the idea of what to create. I want to create something that the market will definitely love.
Thanks for the great tips you provide, it was truly appreciated. Have a nice week
Babanature, when I read your blog, I can definitely see that you have such an amazing tips that market would want to consume form you. As the author mentioned in this blog, packaging it and positioning it a way to trigger the target audience buying behavior is the key to success.
I think one thing that is missing in this post is the fact that a blogger needs to have an authority or expert status before being able to sell anything. People will not buy your own products or 3rd party products that you recommend unless you have a certain level of trust with your readers and have authority. Only after a blogger builds that trust and has authority will he/she be able to sell products effectively. Building authority or trust can take a very long time.
You have been listed out the best ideas to create online products. It’s one of the best post i read. Thanks for sharing such an informative post. Keep on come with like this. Hope to see you again with a great post like this in this blog.
Great article and there are so many different ways to earn an income. I am working on my first actual product launch.
Right now affiliate marketing has been my favorite method to create an income. But plan on joining the product creators, hopefully soon. Thanks for sharing these tips on product creation, I know that they will definitely help anyone out who is considering creating their own product.
@Sagar Nandwani; to earn online it is must to pick the best way that suits you and make you rich sooner. thanks for liking my post
So many ways to start earning online this is a great post. today i was searching website where i can find more info on this topic and on yahoo i found this website.
@Charles Omotayo: It is good to revise monetization strategy off and on to exploit maximum earning potential of your blog. Thanks for appreciating
Indeed, after reading this piece, I feel the need to overhaul my monetization strategy and create my own product to sell. There is no gainsaying that making money on the internet requires one to sell, either in the form of goods or services.
This post has really gone a long way to show how I can create my own online products.
Thanks for sharing ….I really appreciate!
Been looking for some interesting info on how to create one of this, now I know where to start and what to look for…
Thanks for these great ideas.
Hi Muba, great article on creating online products dude. The way you have explained the whole method step by step is great and was very easy and interesting to read. Thanks for such a nice article.
Thanks for liking my post and I am glad to know you got my points; that is what every blogging student like me wants; thanks a lot
This list is great I don’t have a company yet but going to set up one someday. Currently I’m home baking an application which is online now. It’s hard to promote it because of sins from #1 and #2 and so it is hard to rich such varied critical mass. I’ve started redesigning it to suit narrower group. I admit it is very tempting to cover widest audience possible, especially when we see big and successful competition. There is also the long-tail concept which suggests audience expansion, but I think that can work better for established services.
Sagar you are absolutely right; we can’t be heard clearly in big crowd but in a narrow group of a few people every body can give full attention to us; yes after we make our voice loud and clear we can move to a big crowd. The same rule applies to target market initially we need to pick a market as narrow as possible and after establishing our authority we need to move ahead.
Hey Mi Muba, this is so true. I just mentioned that in my post today (not really the main point) but I also realised recently that ad sense, and affiliate marketing are great but will never really make you a lot of money. You have to make your own products.
Your post did a great job of showing us the way and the things we need to consider as we do this. It is surely not easy but worth doing. I will be working on this in the next months I think, so thanks for the tips
Hi Ashley; I just visited your blog; it’s awesome, I also read your latest post where I found the point “write like Shakespear” so cool. Best of luck for developing your first online product.
Thanks Mi Muba, glad you enjoyed the post :>
Very interesting post, gives you allot to think about,
if you think about all the major companies that makes allot of money from online services, what do they have in common !??
90% of their services are free, and their premium services only depends on customers numbers, not on the price of the service .
think Google ads, Facebook ads, LinkedIn ads etc.. they all cost few cents, i think maybe that’s why everybody buys them because they’re cheap and it won’t make any difference to the client,
i believe, you have to give a free enjoyable experience, and charge only a little for a full premium service! don’t you think !??
Many thanks and Best wishes!
You are right companies make money from one preimum product out of a crowd of freebie and their revenue is sufficient to cover the cost of all freebie. Thanks a lot for appreciating my post. I visited your blog; its niche is my favourite
It’s really effective methods to find product that sells. It’s important to really know what people needs and not just that we need to figure what they want to buy. Thanks for sharing this wonderful tips
Hi Mi Muba,
you’ve given out all the points clearly for beginner in this field. it really helps them.
it is very esy and simple way for marketing.
Hey Mi Muba; your point is valid that your own product means your own business where you need not to rely on a little commission or income in pennies from CPC. But your own product must have appeal, it must offer huge benefits to your readers otherwise it will simply be displaying on your blog and no one will buy it.
You gave wonderful tips to make an awesome product.
Thanks a lot Ammar for publishing such a cool guest post
Hey Edson; thanks for appreciation; you are right it is not product features but customer benefits are sold online.
Hey Mukti; it is good to hear you; it is absolutely right that you have complete marketing control on your own product including product, pricing, promotion and physical distribution. Thanks for your advice to ABT readers
Hi Mi Muba,
you’ve pointed out all the main points nicely such as first we’ve to look at our visitors needs and then to start work on to build a great product for maximum exposure. The great idea behind is “Packaging” as most of the users would love to see much :)
All the others points are great as well, Thanks Muba.
@Sarah Harper; thanks for liking my post; I just visited your blog; apart from contents its design is equally awesome
Great article Muba,
This is really a very handy and interesting article that will guide anyone to create his/her first product online.
One of the best ways to make money from the internet is certainly by creating and selling your own products and, I’m sure many people will be launching thier first after reading this post :).
Thanks for sharing.
I love this post. While it’s not required to make money online, selling your own is far ahead of any other money making model. As a product creator, I have made the most earnings selling my own products.
At any moment, you can adjust the prices, offer special discounts and boost sales. You can even recruit affiliate to make sales for you at any time.
I encourage readers to follow your points and be product creators too ;)