You Can Start An Information Product Business Just By Using Small Reports to Generate Income Online.
We already talked about creating short “how to” free reports to generate traffic and profits in this post.
You could also use small reports to generate income, and it is a great way to break into the information product business.
There are so many benefits to creating them, it is relatively easy to start, there is not much up front cost needed, and you don’t have to have any special skills or training.
Here are some reasons why you should get started, and some beginner tips to help you along the way.
Like other digital information products, small reports are very profitable. You simply create the product once and each customer downloads a copy of it. You do not have to pay printers’ fees, shipping fees, or any other repetitive production costs.
Small reports, as with all information products, allow you to create passive income from home, around your schedule. If you have a day job or if you happen to be a stay-at-home parent, you can create these products at night, or on the weekend.
Unlike a traditional job, you can earn money over and over again for the work you put into creating the report. A doctor, for example, can only schedule so many patients in an hour. He can only bill the patients once for the time he spent with them. The doctor cannot charge his patients when he is on vacation or when he retires. His income, therefore, stops.
When you create a small report, you put the effort into it once, and can sell it over and over again. You will have to do promote your report, of course. You can also have people from around the world coming to your website at all times of day to buy your report. You can wake up in the morning to find that you made money while you were sleeping.
Unlike an e-book, a small report only needs to be around 10 – 15 pages. You can easily write that many pages within a few days. You can literally start writing a report on a Monday, have it written by Wednesday, and be promoting it by Friday.
You do not need any prior writing experience. As long as you know how to type and have good grammar and language skills, you are all set. If you do not like writing, you can hire a ghostwriter to create the report for you.
You will need to have a computer with word processing software in order to type the report. Convert your finished work into a pdf file to insure that your customers will be able to read it.
You can find free pdf converters on the web. Or you can download and use a free open source software from OpenOffice.org and convert it to a pdf file right inside the software itself for free.
Secure a domain name with website hosting in order to promote and sell your report. Open a PayPal account and create a BuyNow button so visitors can purchase your report from your site.
You may even want to consider establishing an affiliate program in order to sell even more reports, but let’s not get too far ahead of ourselves…