Making extra money online can be accomplished in many different ways, but for most people the easiest way to do it and achieve a worthwhile second income is by creating your own digital product. Although there are no guarantees as to how much money you can earn, the process is fairly simple and it’s no big secret on how to be reasonably successful using this method.
First of all, find a subject that you’re interested in. Preferably a niche related to either some form of hobby, leisure activity, pet care, health improvement or any subject where a sizeable group of people are interested in a niche, ideally where information that helps them solve a problem will save them time and money. All you have to do is to find solutions to those problems and create a digital guide that people will be happy to pay you for.
The product you sell can be a simple ebook with step by step plans or instructions, or interviews from experts within the niche. You can write the book yourself if you have enough knowledge and experience about the subject, but obviously you need to be an expert at it. For example, if you have an in-depth knowledge on how to train dogs, or how to fix computers, and you have experience doing this professionally, then yes, you’re definitely qualified to write about it.
If you’re not qualified enough to write about a niche you’re interested in, what you could do is contact experts within that niche and arrange some kind of joint venture whereby you agree a percentage on any profits generated by sales. Or you could simply pay a set fee for their help.
An ebook can be created in digital format as a pdf or in a format suitable for kindle publishing. Then, once your ebook is complete, write a salesletter with a headline that summarises the biggest benefit, and add a few bullit points to list additional benefits and features that will entice people to buy the guide.
Copywriting is a bit of an art that can take time to develop, but you can find plenty of good advice online on how to do this. To begin with, use the A.I.D.A. technique – Attention – Interest – Desire – Action.
Next, promote your ebook online through social media, or send emails to contact potential JV partners, i.e. other webmasters within your niche selling products that are not directly competitive but in the same niche. Simply send them an email, describing your product and offering to pay them 60% in commission on every sale they make. Don’t propose a 50-50 split because usually marketers get lots of offers from people offering 50% commission. You want your JV proposal to stand out from the rest and get noticed. Digital products cost next to nothing to produce and distribute so 40% of some sales is better than O% of no sales.
When you see sales starting to come in, repeat the process with further ebooks until you’re earning multiple streams of income. If you’re selling at low cost, you can follow up sales with higher value related products. For example, a more comprehensive training course, or even physical products if they fit your niche. Build a mailing list first so you will always have a quick and easy way to contact potential customers with further offers.