How To Bring In Your First $100,000 With Infoproducts
Can you really earn a living creating and marketing ebooks, special reports, courses and other infoproducts?
Rather than just try to convince you of that fact, I figured it's better to go one step further and show you exactly how it's done.
Creating your own infoproducts, writing ebooks, building courses or membership sites are often launch pad for becoming an information entrepreneur spinning off multiple streams of online income.
Your number may not be $100,000, it may be lower or higher, fact is there is a way to continue to turn your knowledge into more profits quickly.
Here is an example of a typical infoproduct entrepreneur's progress toward $100,000.
Step 1. The First eBook or Infoproduct
You need to quickly launch your introductory ebook, video, audio or other information product and you need to find a way to sell it for $47-$97.
For tips on how to increase value and price of your information product - refer to recent article called "5 Exceptional Bonuses That Will Increase Your Online Marketing Business Results" over at: http://www.highertrustmarketing.com/articles/5bonuses.html
If you have selected your topic correctly - as outlined in my Ultimate Information Entreprenur's Success Package http://www.infoproductcreator.com , then you can expect to sell 30-60 copies per month. Let's say you sell just 50 copies per month at a price of $67 each --
50 X $67 = $3350/month or $40,200/year
Step 2. Teleseminar, Webinars or Interviews
The trick to building on your momentum is to leverage success of your first infoproduct by conducting a series of teleseminars, webinars or interviews.
You want to produce at least 1 new audio/video product per month.
There are many teleseminar or webinar services out there that allow you to control entire session, and will ship you audio file with transcripts following session.
You now have some additional income from teleseminars and from resulting products --
12 Teleseminars X $555 (15 ppl X $37) = $6,660
80 Product Sales/month (4 New Products X 20 sales/month) X $67 = $5360/month or $32,160/year (only calculating 6-months of sales as it will take some time to build these products)
Step 3. Related Affiliate Products
While infopreneurs are product developers and marketers of their own products first, it certainly doesn't mean that you shouldn't build a list of subscribers and market affiliate products to your list.
Based on personal experience, it is certainly possible, and quite easy to pull in an extra $500-$1,000/month with well positioned affiliate product promotions - even with a list as small as a couple thousand subscribers.
Let's be conservative and assume you run two affiliate promotions per month each bringing in $400 --