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SPECIAL REPORT
INTRO: Creating killer information products requires three things: 1)
Marketability; 2) Focus; and 3) Benefit. Learn how each of these factors
contribute to create the perfect information
product...
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Using Marketability, Focus and Benefit:
The KEY To Creating Information Products That Sell
"Marketability" is
simply determining if there is a potential market for an information product.
This stage is the most critical of all, because if you haven't got a
strong market, why develop the product? The stronger the market the better
chance you have of success.
Once you've determined if there's a market
you can safely begin developing your information product. (see my pc-video on
selecting ebook subject that sell to help you select good
markets)
Creating information products is done by determining what the
focus and benefit your information product will have.
For example, will
the focus be on stock trading, or... marketing, or... alternative health, or...
elder care, or... real estate investing, or... the Internet, or... living
trusts, or... growing herbs, or...sports nutrition, or... etc? It could be any
of a 1000 or more different topics but it should always be something you,
personally, are interested in, or have some experience or knowledge
of.
You don't have to be an expert in the topic you choose either! If
you're not an expert here's an easy and inexpensive way to get experts to
praise, provide testimonials, endorse or even contribute to your information
product - giving you instant credibility: Simply ask them to contribute to your
ebook or manual with a 10 or 20 page chapter!
Why would they agree to do
this? Because at the end of the chapter you include a link back to their web
site or information how the reader can get in touch with them! It's free
publicity for them to be in your book. The more books you sell, the more
business they will get.
Envisioning The Deliverable
Benefit
After determining the focus of your information product
simply envision what the deliverable benefit will be, such as... better health;
improved performance at work; more money; greater self-esteem; higher grades in
school; increased sex drive; quicker mental functioning; winning the lottery;
predicting the future; succeeding in business; enjoying life to its fullest;
increased physical conditioning; improved spiritual life; better, more
fulfilling marriage; increased charisma and personal power; faster weight
loss;...etc.
The benefit is always the end result someone who purchases
your product can expect to achieve with it.
Developing A Hot
Selling Information Package
Developing your information product means
creating a package that delivers to your targeted audience the benefits you say
it will.
The package could be a digital file sent over the Internet such
as an ebook or pc-video, or... it could be a simple 10 page report and audio
file, or... it could be a 500 page manual with a pc-video and some audio files,
or... it could be an online newsletter, or online course, etc.
When
developing information products, aesthetics (or the beauty of your packaging),
is almost always secondary to delivering the information and benefits you
promised. The great news is, you can be extremely creative when it comes to
packaging and delivering your information product!
You may ask, "But,
even if I do come up with a great info-product, will it be difficult to
sell?"
If you conceive and develop your info-product according to the
system I'm outlining here, you will have, automatically, a ready, willing and
able audience that will be eager to buy your product, guaranteed.
Getting
your product into the hands of your target market and cashing the checks and
credit card orders will be as easy as tying your shoe or taking your dog for a
walk in the park.
I can almost hear you saying, "What's the best way for
me to get started developing my own information products?"
Do You
Know What You're Really Buying?
In the last few years you have
probably purchased one or several 'how-to'' or instructional information
products of some kind: A special report; a video tape; a course sold through the
mail; a correspondence course; an ebook; a cassette tape; a software program; a
language program; a self-improvement book or tape set; or even an digital audio
or video file on the Internet, etc.
What you may not have known was that
many of those products were earning their developers huge profits, sometimes
completely hidden from view: cloaked affiliate links, jv's, list rental and a
number of profit centers can be built into your information products to generate
an income years after it's sold to your customer.
There isn't any other
product produced with the incredible mark-up that information products enjoy.
Why?
In two words: Perceived value.
"Perceived value" is
simply the value placed on the 'end results' or primary benefit your end users
attach to your products. In many cases if you're creating a product that will
make money or save money for your customer it's very easy to determine it's
perceived value to them.
"Save $X dollars now!"
Or
"Make
$X dollars more each month!"
Your development costs are usually low
compared to the perceived value and actual cost of developing and packaging your
product. On the Internet, you're packaging costs are actually ZERO! And your
profits, LARGE.
For example, Dan Kennedy, an entrepreneur, marketing
consultant, writer and speaker, sells courses that have development and
packaging costs of $6 to $20 each that sell easily for $95 to $2,995 and more.
Dan's information has an extremely high perceived value, sometimes as
much as 10X the actual purchase price or more. Because his customers attach a
great deal of value to his products he can easily sell them at these prices.
What is it exactly his customers buy?
Are they buying the paper
and ink the course was written on? Or the plastic cassette tape the recording
was on?
Of course not! What they wanted and what they bought were the
results they hoped to attain from the acquisition of scarce, private or
privileged information.
Why People Buy Information
Products
People buy information to improve themselves in some way, to
solve a problem, to posses secrets or to be better off than they were before you
had the information.
And that's the pure unadulterated power of
information products.
Yours in success
Damen LC Choy
Copyright (c) imarketings.net
All or part of this report has been licensed from InfoProductLab.com
email: lcchoy@imarketings.net
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