Selling your very own product is a great way to start learning how to earn money online. However, there are a couple of important steps that you need to keep in mind before you can start selling your own product.
Earn Money Selling Your Product Online – Your Product
The first step is, of course, creating your product. What product do you want to sell? Who is your target audience? Before creating your product, you have to identify what niche you want to penetrate. Then identify who your target audience will be. Identify their needs, or better still, their pain, and create a product that will solve their problems and cure their pain. One of the most popular products that are being sold online are digital products. This includes eBooks, video tutorials, blueprints and the like.
Earn Money Selling Your Product Online – The Product Price
Now that you have your product, the next thing you need to figure out is how to earn money online using your product at hand. You have to determine the price of your product first. Take into consideration the quality of your product (physical product), or the quality of the content you are offering (digital product). Also, consider the capacity of your target audience. Will they be able to buy the product at the set price? Pick a price that will be fair for both sides. Remember, your audience will be the one buying your product, so make the price consumer-friendly.
Earn Money Selling Your Product Online – Affiliate Websites
Now that you have established the price of your product, the next question will be where can you sell your product? The most popular websites where you can sell your product are Amazon and Ebay, whether it’s a physical product or a digital product. You can also make use of Affiliate sites like Clickbank or Commision Junction.
Earn Money Selling Your Product Online – Social Media
You can also use Social Media sites. Facebook is probably the best one when trying to master how to earn money online. You can create a Facebook Fan Page to promote your product and you can set up a creative advertising campaign using Facebook Ads. This is a very effective way to reach more potential buyers and to let people know that your product exists.
Earn Money Selling Your Product Online – Product Website
You can also promote your product through your blog or even build a website especially for your product! Start by creating articles about subjects related to your product and post them on your site every few days for a couple of weeks. Do your absolute best to get your site and articles to rank high in the Google search engine results! You can accomplish this by trying to rank for keywords that have high traffic and low competition when doing your article keyword research using the Google Keyword Tool or Market Samurai.
Earn Money Selling Your Product Online – Create An Honest Review
Lastly, have a business associate or friend do an honest review (or even do it yourself!) of your product and make this your last article posting. Highlight all the excellent features and benefits, of course, but try not to be biased and include disadvantages of your product (as few as there are!) as well. Just be creative and thorough.
Earn Money Selling Your Product Online – Backlinking
Of course, you’ll need backlinks and you’ll have to do a bit of social bookmarking to boost your website up the rankings as well. You can also submit the articles on sites like Ezinearticles.com to show their readers how your product can solve their problems. However, these are elaborate topics for another article about how to earn money online for another day!
Earning money online can be a tedious task. You have to get your head in the game. Whether you’re trying to promote other people’s products or sell your own product, it is important that you utilize all the tools and resources available to turn as many prospects as possible into sure buyers, thereby increasing your conversion rates. If you would like a more detailed “blueprint” for building websites and learning how to earn money online promoting your products, I would highly recommend that you check out the guys at Money Sites Max. If you are more of a “hands on” type of person who wants to delve even deeper into this arena, then make sure you visit their Money Sites Labs project. These guys are experts in this field and are the main reason why I was able to figure out how to earn money online myself after plenty of trial and error!