Did you know that the information product business is a billion dollar a year business? It is. And that?s why so many people are starting to jump on board. After all, you can sell just 100 copies of a $47 eBook and make $4700. And since you are selling an information product the bulk of that will be pure profit. But here are a few ways you can turn that one $47 product into multiple streams of income.
Offer Resale Rights
This is particularly popular with products in the make money online niche. Right after the customer makes their purchase you can offer them the opportunity to also make money off of the product by purchasing resale rights. For resale rights you can charge an extra $27. Once the customer purchases resale rights they will then have the right to sell the product for 100% of the profits.
And while you won?t make any money off of their sales, you will still get traffic to your site and affiliate links you have in the eBook. That?s because none of the content in the book can be changed. So instead of making just making $47 per sale you will make $74 when someone purchases resale rights.
Offer Upgrades
Upgrades are a very easy way to increase the amount of money you make from each customer. An upgrade can be something as simple as video teachings that help the customer even more. The great thing about videos is that they have a really high perceived value. That means you can charge almost triple for what you would charge for just an eBook. If you charge $27 for the ebook and $67 for the video upgrade you can make almost $100 per customer.
You can also do high end upgrade such as one on one coaching. For one on one coaching via phone or skype you can charge close to $300 an hour. That means with just 5 coaching upgrades you can make $1500. Not bad if you ask me.
Set Up A Continuity Program
You have to be very careful when setting up a continuity program. Over the last few years they have gotten a bad name because dishonest individuals use them to steal money from people. However, if you set it up the right way you can make a nice monthly income with this type of program. After a customer checks out you can offer them a free 30 day membership to your continuity program.
As long as you provide good content people will stick around. The disadvantage to continuity programs is that you have to make sure you update the site on a regular basis. Otherwise people will cancel their membership. It can be very hard to come up with new content on a regular basis. A continuity program can easily bring in an extra few thousand dollars a month. Especially if it provides a wealth of valuable information. Just make sure you respect your customers choice and cancel their membership as soon as they request.
Resource Box
As you can imagine, creating your own top selling information product is a lot of work. But what if I told you there was a way for you to get your very own top selling information product created without you having to lift a finger? Would you be interested? At Product Creation Gurus we do it all. We help you come up with a niche, we research that niche, check the competition and then create for you a bigger and better product. We even create affiliate materials for your affiliates to use.
We even work with you until your conversion rate is 1%-3%. Your only job is to drive traffic and collect the money. You won?t find this type of service anywhere else. So if you are ready to start your very own passive income generating internet business visit http://www.ProductCreationGurus.com TODAY!
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