One of the many lucrative ways to make money online is to sell digital products. Digital products can take the form of ebooks, video courses or software. There are two alternatives to sell digital products. Either you become an affiliate of someone else or you create your own product. Both has got its share of advantages and disadvantages. We shall discuss the pros and cons of these two ways of selling digital products.
Selling as an affiliate:
The good thing about selling as an affiliate to make money online is that you do not have to undertake the effort of creating the product. All you got to do is find a suitable buyer market, select the product you want to promote to the market and finally promote the product to generate sales. Nowadays the product creators have made things even simpler for the affiliates by creating all readymade promotional tools like banners, email copy, advertisement graphics and lots more. Selling as an affiliate is probably the best thing a newbie could start, to venture into the vast world of make money online opportunities.
Selling your own product:
This accounts for creation of your own product but the plus point here is that you can keep 100% of the sales unlike a 50% or more commission with affiliate sales. The best part of product creation is that you can have a very unique product catering to a specific market which can at times generate immense sales and make you a lot of money online.
If you decide to create your own product there are a few things that you must bear in mind. The first and foremost is that choose a niche or market where you can sell your expertise on a subject. Never spread yourself too thin into launching products for various markets. Stick to one market and be good at studying that particular market. Learn to read their vibe and understand what exactly the market is looking for. If you can crack this code you will make tons of money online and this will turn into a recurring cash flow for you for as long as the product remains in the market.
For creating your own product, be it an e-book or a video course, you would be requiring tools to create them. You can use Open Office, a free tool to create e-books or you can opt for Microsoft Word. For creating videos one can use softwares like Camtasia for screen capture or a standard HD video camera to shoot and Microsoft Movie Maker to edit it. Although a lot of specialized tools exist for editing video like Adobe Premiere Pro or Apple Final Cut, but unless you are doing professional video editing they would only be taking up space in your hard drive and of course, after shelling out some decent cash.
Whatever method of selling digital product you choose remember the key to any online money making business is to promote and continue promoting your product.