Creating passive income from information products can be a powerful way to increase profits. Many new marketers fail to realize this is possible when they first start out. Here are some tips to help with your passive income strategy.
Have you ever wondered how to create passive income from information products? It can be a powerful way to increase profits. Many new marketers fail to realize this is possible when they first start their internet marketing. Many of them may have heard about passive income from products, but become so busy with other areas of marketing, it slips out of mind.
The truth is that if you have an information product set-up on its own website with a sales letter or in a marketing network like Clickbank, you already have a passive income mine ready to score on.
Now if it's a product that barely sold any copies, you might want to re-examine it. But, if you are happy the product is a good one, there is no reason it shouldn't be able to create passive income for you.
Here is a 6 - point checklist to see if there is anything more you could do generate a better response....
Have you:
- Tweeted about it on Twitter? or Facebook?
- Performed good SEO practices?
- Gathered testimonials?
- Used article marketing?
- Announced it to your forums or niche groups?
- Sent out press releases?
Now if you have answered "yes" to these questions, there is 1 more thing you have to do and is actually the most important - Set up an affiliate program for it.
Having lots of affiliates to market the product for you is the real key to making passive income from information products! It's worth it, even if you give a hefty commission, because you will be building your list with pre-qualified prospects which your affiliates generate for you. And, the next time you launch a product, you will have more people to market it to.
One note..You need take an active role in searching and obtaining new affiliates. You should approach the "big name" affiliates too, if your product is not merely a low-ticket item. The most important key to attract their interest? Offering a product that targets a particular niche that their lists will love.
Are You Using the Two T's?
There's one final step you need to take - Track and test to make sure there isn't any glitch in the checkout process. You want every part of the checkout and delivery of your information product to be smooth sailing! This means happy affiliates, happy customers and less customer service issues.
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