Residual Income from                            Digital Products  Creating and selling digital products is probably one of...
Residual Income from                            Digital Products  Income potential:  The spectrum of income for digital pr...
Residual Income from                            Digital Products Note: These days Kindle books are hot sellers and proven ...
Residual Income from                            Digital Products  Difficulty:  While writing an eBook or producing other d...
Digital Product                               Development                    Define                   Develop/   Analyze  ...
Digital Product                               Development                    Define     Analyze your audience. Know who   ...
Digital Product                               Development                                            Define the scope of y...
Digital Product                               Development                    Define                    Develop/   Analyze ...
Digital Product                                 Development        Develop/Write your Product.        Whether your Define ...
Digital Product                              Development                         Format the Product. This is where        ...
Digital Product                                Development                    Define                                      ...
Passive Income Process                          for Digital Products                                         Shopping Cart...
Passive Income Process                          for Digital Products                                      We’ll need somep...
Passive Income Process                          for Digital Products                                                    Th...
Passive Income Process                          for Digital ProductsWe’ll need a shopping cart/ paymentprocessor to take t...
Residual Income from                                  Digital Products  It’s hard to get more passive than that after you ...
Residual Income from                              Digital Products Attribution: A good number of the concepts presented he...
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How to Create Residual Income from Digital Products

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Selling digital products is one of the most lucrative ways to generate residual income. With no manufacturing/distribution costs, every sale is pure profit.

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  • Analyze your audience. Know who you’re writing for, what are their needs, wants, problems, fears, or passions.Define the scope of your product. What is the topic and your goals, what hasn’t been covered, what could be done better…what is the “Unique Selling Proposition”? What will be the title?Create an Outline for your product. Define the major and minor points, define the different parts and the order they will be presented.Develop/Write your Product. Whether your end product is an eBook, an audiobook, or just about any other midea, you’ll need written content to begin.Format the Product. This is where you prepare your product, in the media of your choosing, for your customer. Put your best foot forward here. Launch the Product. Prepare the product for delivery to your customer then, make it available. You’ll also need to do some marketing to “get it out there” for your customer to discover.
  • We’ll need someplace to “capture” our potential customers. Usually this is a dedicated website but could also include blogger.com, wordpress.com, etc.The sales page will provide our customers information about our product, enticing them to make a purchase with a call to action.We’ll need a shopping cart/payment processor to take the order. I suggest e-junkie.com. They offer a completely automated way to deliver our product while also getting us paid.We put their code on our sales page to make the purchaseThey deliver the productThey pay us (via PayPal or Google Checkout among others)
  • How to Create Residual Income from Digital Products

    1. 1. Residual Income from Digital Products Creating and selling digital products is probably one of the most lucrative ways to generate residual income. The advantage of selling digital products is there are no manufacturing or distribution costs. Once the product is made, every sell is pure profit. Another advantage to selling digital products is that is scalable, meaning that regardless of whether you sell one product or 1,000,000, no additional work is involved once you have the infrastructure set up.EncoreEntrepreneur .NET
    2. 2. Residual Income from Digital Products Income potential: The spectrum of income for digital products is all over the map ranging from tens of dollars a month to tens of thousands and more. Things that dictate our income depend on the market niche, demand, competition, the complexity (value) of our product, and our efforts to overcome any barriers to entry. One way to exploit our efforts is to repurpose our products to derive additional sales from different media. For example, we can repurpose an eBook by making an audio version, a video version, and/or a slide show presentation using the same content. We’ve already done the heavy lifting when we initially produced our product. It just makes sense to offer additional means for it to be purchased and consumed.EncoreEntrepreneur .NET
    3. 3. Residual Income from Digital Products Note: These days Kindle books are hot sellers and proven to be lucrative sources of residual income . However, there are additional steps involved and things to consider to successfully launch a Kindle book. Get Kindle Revolutions to learn on the ins and outs of becoming an Amazon Kindle publisher.EncoreEntrepreneur .NET
    4. 4. Residual Income from Digital Products Difficulty: While writing an eBook or producing other digital media may seem overwhelming, but in the big scheme of things, it really isn’t. Even if writing content isn’t your cup of tea, consider outsourcing. You can outsource everything from content development to the entire process depending on your level of skill and/or desire. Depending on your content and the scope of your project, outsourcing can cost from less than $100 to several thousand but you’ll never know until you do some investigation. Check out several sources such as odesk.com, elance.com, or freelance.com to kick off this project.EncoreEntrepreneur .NET
    5. 5. Digital Product Development Define Develop/ Analyze Create Format Scope Write Audience Outline Product of Product Product Launch ProductEncoreEntrepreneur .NET
    6. 6. Digital Product Development Define Analyze your audience. Know who Develop/ Analyze Create you’re writing for, what are their Format Scope Write Audience needs, Outline wants, problems, fears, or Product of Product Product passions. Launch ProductEncoreEntrepreneur .NET
    7. 7. Digital Product Development Define the scope of your product. Define What isDevelop/and your goals, the topic Analyze Create Format Scope Write covered, what what hasn’t been Audience Outline Product of Product could beProduct done better…what is the “Unique Selling Proposition”? What will be the title? Launch ProductEncoreEntrepreneur .NET
    8. 8. Digital Product Development Define Develop/ Analyze Create Format Scope Write Audience Outline Product of Product Product Create an Outline for your product. Launch Define the major and minor points, Product define the different parts and the order they will be presented.EncoreEntrepreneur .NET
    9. 9. Digital Product Development Develop/Write your Product. Whether your Define end product is an Develop/ Analyze Create Format Scope eBook, an audiobook, or just about Write Audience other media, you’ll need written any Outline Product of Product Product content to begin. Launch ProductEncoreEntrepreneur .NET
    10. 10. Digital Product Development Format the Product. This is where Define prepare your product, in the Develop/ you Analyze Create Format Scopemedia of your choosing, for your Write Audience Outline foot forward customer. Put your best Product of Product Product here. Launch ProductEncoreEntrepreneur .NET
    11. 11. Digital Product Development Define Develop/ Analyze Create Format Scope Write Audience Outline Product of Product Product Launch the Product. Prepare the product for delivery to your Launch customer then, make it available. Product You’ll also need to do some marketing to “get it out there” for your customer to discover.EncoreEntrepreneur .NET
    12. 12. Passive Income Process for Digital Products Shopping Cart/ Your Product Product Payment Website Sales Page Delivery Processor Your Account (PayPal, Google Checkout, etc)EncoreEntrepreneur .NET
    13. 13. Passive Income Process for Digital Products We’ll need someplace to “meet” our potential customers. Shopping Cart/ Your Product Product Payment Website Sales Page Usually this is a dedicated website Delivery (recommended) Processor but could also use blogger.com, wordpress.com, etc. Your Account (PayPal, Google Checkout, etc)EncoreEntrepreneur .NET
    14. 14. Passive Income Process for Digital Products The sales page will provide our Shopping Cart/ information about our customers Your Product Product Payment enticing them to make a product, Website Sales Page Delivery Processor with a call to action. purchase Your Account (PayPal, Google Checkout, etc)EncoreEntrepreneur .NET
    15. 15. Passive Income Process for Digital ProductsWe’ll need a shopping cart/ paymentprocessor to take the order. I suggest Shopping Cart/e-junkie.com. They offer a Product Your Payment Product Website Sales Pagecompletely automated way to deliver Delivery Processorour product while also getting uspaid.• We put their code on our sales Your Account page to make the purchase (PayPal, Google Checkout,• They deliver the product etc)• They pay us (via PayPal or Google Checkout among others)EncoreEntrepreneur .NET
    16. 16. Residual Income from Digital Products It’s hard to get more passive than that after you get the product developed. Visit encoreentrepreneur.net to get more ideas on building a passive retirement income empire.EncoreEntrepreneur .NET
    17. 17. Residual Income from Digital Products Attribution: A good number of the concepts presented here are derived from Pat Flynn’s eBook, “eBooks The Smart Way.” You can get a free copy of Pat’s eBook on his site, “Smart Passive Income” by signing up for his newsletter. You’ll find more detail than I presented here and while it’s targeted for eBooks, with some imagination, many of the concepts can be applied to digital products in general. A word about Pat. Pat is a young man with a truly inspirational story and a model for those seeking passive income to supplement their retirement income. His generosity for freely sharing information is unparalleled. Visit his site at this link.EncoreEntrepreneur .NET

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