Making Money From a Informational Product

Everybody wants information.

This is why we search on Google,watch the news, read blogs, ask for help, etc. Providing useful information online is the best and easiest way to make money on the Internet. Everyone is looking for information, so if you can provide it you have the ability to profit. Think about how much time you spend online each day. How much of that time are you looking for answers or information? My bet it is most of your time.

There are a ton of different methods that you can use to give information to people and generate an income for yourself at the same time. Each method has a unique way of organizing the information and the user experience is different as a result. A lot of profitable websites sometimes provide their visitors with a combination of more than one of these methods. Think about which of the following methods would best suit you :

A Blog

A blog is a great way to easily organize your information online because the blogging
platform does all of the work for you. This website, for instance, is a blog. Whenever I want, I can log into my WordPress account, write in the “new post” area, click Publish and the website updates automatically.

It’s quick and easy, and the best part is that you can set up a Blog for free. There are many different blogging platforms, but the most popular seem to be WordPress.com and Blogger.com, so check those out if you would like more information about blogging.

Pros:

• Easy to start, edit and manage your content
• Builds an online community with your readers
• Establishes you as an expert in your field
• Blog can be used to promote a product of yours ( Ebooks, Software…etc)
• Can be free

Cons:

• There will be many similar blogs in the same the area already
• It takes time to establish yourself as an expert and add great content to your blog
• Requires upkeep and constant attention to update content and respond to comments

How money is made:

• Advertising. (Google Adsense, Text-Link Ads, Private Advertising, etc.)
• Affiliate Links (Linking to a particular book and getting paid for leading a sale. Amazon.com for example)
• Donations. Yes, if you provide useful information and a donation button, some people may be kind enough to donate to your cause.

Helpful Links:

• 9 Little Known Traits of Successful Bloggers at Copyblogger.com
• How Bloggers Make Money from Blogs at Problogger.net
• How to Get Started with a Blog (and why all writers should) at WritingforyourWealth.com

EBooks

An Ebook, or electronic book, is also a fantastic way to store information and distribute it to people. Usually Ebooks come in a PDF format and can be easily viewed on most computers. Ebooks are becoming even more popular today, especially with Amazon.com’s Kindle or the Apple iPad out on the market.

Pros:

• If you write and sell it yourself, there is no printing press to pay no publishers and no retailers to take a chunk of the profit. 100% of each sale is all yours.
• There’s little or no upkeep once it’s finished.
• It can earn you money for a time.
• It’s easy to set up an affiliate program to have other websites sell your book for you too.

Cons:

• An Ebook can take a lot of time to write.
• It’s difficult to sell an Ebook from scratch. In other words, if you don’t have an established audience already (i.e. from a blog or membership website), finding people to purchase your book can be a challenge.
• Once the Ebook is published and is sold, the information inside cannot be updated if, for example, something you wrote has become outdated. This is why you’ll see different editions or versions of books come out sometimes.

How Money is Made:

• Visitors click on a “Buy Now” button on your website, which takes them to a form to fill out with their billing information. After processing, money is put into your account.
• Clickbank.com and E-Junkie.com are the top two methods of selling electronic files online. I prefer E-Junkie, because they will also deliver the product for you, and they don’t take any money from your sales. Clickbank, however, has a better affiliate program, which is also important.
• If you start an affiliate program, you can find affiliates who will sell your Ebook for you off of their website. You pay your affiliates a small “finder’s fee” for bringing in the sale.
• You can also sell on websites such as Amazon or Ebooks.com.

 

Helpful Links:

• How to Create Ebooks That Sell at Copyblogger.com
• 11 Tried and Tested Strategies To Market Your Ebook at BloggingBits.com
• How to Create and Publish Your Own Ebook with a $0 Budget at SkellieWag.org

Membership Sites 

A membership site is a website that can only accessed with a password. People usually pay a one time or monthly fee to become a member and gain access to the information inside. Membership sites are a powerful way to generate an income online, and I’m hoping to get involved with this soon.

Pros:

• Immediately creates a sense of membership and community within the site.
• Continuously updating and providing information can guarantee that people will stick around and keep feeding you money each month.
• As an owner and administrator of a membership site, you’re immediately seen as “the expert”. This is powerful because it can help you bring more members in, and also have the ability to easily sell things to the members you already have.
• The payment system in a membership website, and is kind of a snowball effect. For instance, month one, you have 10 paying members. The next month, you gain 10 more paying members, for a total of 20 paying members.

Cons:

• Creating a membership site takes a lot of hard work, time, and effort. You want to make sure that you are able to give your members what they are paying for. If you don’t, they’ll feel betrayed and leave.
• Again, it can be difficult to bring in members if you don’t have an established audience or reputation already. Some money may be needed to invest in marketing the membership website to be able to get it off the ground before it takes off.
• Although money is generated automatically, you can’t just disappear and leave the content alone and static. It’s reassuring to the members if there is new stuff available every once in a while, which is good because it decreases the potential number of people who stop paying for access.

How Money is Made:

• Members will be charged a one-time lifetime fee or a monthly fee for access to the information on the site.

Helpful Links:

• The Continuity Snowball at Continuityblueprint.com (warning: 30 minute video, but it’s worth it)

In addition to the methods above, you can also sell tools and templates, newsletters, audio or visual products, and learning methods.

As you can see, you have a lot of options to choose from. You can also combine two or more of the methods to create an even bigger resource for

If you are in no rush to make money, I would recommend starting with a blog, building readership and trust, and then sell an ebook or start a membership program to take your informational marketing to the next level.

My Passive Income Report August 2012 – 2320.65

Hello everyone this is my income report for August 2012.

This past month I have been planning for  wedding and a lot of my time went toward that.  With that being said however, I have started writing a few new apps for iOS.  Most of my issues from last month have been resolved and I am back in creating my soundboards.  I also spent some time working on setting up a system to sell the source code I have created to help other create a Passive Income stream.  Well with that being said here are my results from August, as you can see I had a 20% increase over July with is always good. However I was not paid this month by Microsoft since I did not sell enough.  I expect next month to be low, since the iPhone is coming and people are beginning to save for the holidays.  Take a look at my numbers and drop me a comment if you have any questions.

Apple App Store  – 1925.79

Amazon App Store – 227.01

Google Play – 167.85

Windows Marketplace – 0

For a total of 2320.65

Mike

Magic Submitter : Everything You Need to Get Your Page Number One on Google

Magic Submitter claims to be the only all-on-one content submission tool on the market, combining the video syndication ability of Traffic Geyser, the automation of SENuke X and the article submission power of Unique Article Wizard, all for a relatively low price of $67 per month.

Let’s take a closer look at Magic Submitter and see if it is worth the monthly investment or just another piece of SEO software.  I did my best to make this review as detailed as possible to tell you everything you need to know to make an informed decision if you should jump on the 30 day trial or move on to something else.

 

What is Magic Submitter All About?

Alexandr Krulik’s major proposition is that SEO is full of tedious drudgery and Magic Submitter will save you hours by completing these tasks automatically for you.

How Does Magic Submitter Work?

Here is a quick breakdown of all the things that Magic Submitter can do for you.

• Magic Submitter signs up for new accounts for you
• “Instantly” spins your content so every submitted piece is unique to the search engines
• Uploads videos to the top video websites
• Places your content on over 35 top article directories
• Submits text, images and video content to WordPress directories
• Posts to over 27 blogs and microblogs
• Creates profiles on over 150 forums with links pointing back to you
• Submits each new page of content to 26 social bookmarking sites
• Submits all RSS feeds, yours and the sites that contain your links, to RSS aggregators
• Submits to press release sites
• Magic Submitter can solve the captcha codes for you
• You have the ability to add your own sites to Magic Submitter so that you can post content to your own network
• Collects the URLs of all pages where your submitted content was published
• Those collected URLs are then bookmarked and “pinged” to the RSS directories

Pricing and Guarantee

The Magic Submitter costs $4.95 up front for a 30 day trial of the software.  After 30 days you will be billed 67 per month.  In addition, the company also offers you a 60 day no questions asked refund period.  So if you are not satisfied with the product during anytime in the first 60 days you can ask and receive a prompt refund of up to $71.95 (4.95 + 67). Get Your Copy Now

Research Results for Magic Submitter

“Since I am not a technical person, I probably would have never found the problem on my own. I would have chalked it up as a bad program and canceled my subscription, had Alex not taking the time to help me.” Ebizerati, Warrior Forum

“If you are unable to use magic submitter I think you will be very disappointed with any other software as Magic Submitter has been the easiest tool to learn to use.” Fitnessdad, Warrior Forum

My thoughts so far is that the customer service is top quality. This is very important to me when I purchase a product. I grade Alex’s custom service AAA+++ at this point. “Awesome tool by the way. I wonder if people really know the insane power they have access to with Magic Submitter. Wow my head is spinning right now on what I can do with it  Thanks” EmanuelR, Warrior Forum

“Also had some problems with installing and Alex was quick to respond.” Dean Soto, Warrior Forum

The feature that sets Magic Submitter apart from all other products is that you can add any site that accepts content through a form to the software.  What this means is that if you own a site or you find a site on the Internet that you want to post your spun content to you can add it to the software so that it will do it for you with a push of a button.

Advantages of Magic Submitter

At 67 per month, the price is the lowest in its class of software.

Alex, the software developer, is extremely active in helping users with technical support issues.  I also noticed that Alex is super active in industry forums and uses real user feedback in regular updates of Magic Submitter.

This software accomplishes a lot of different tasks for you that would normally take hours and hours.  Furthermore, if you were to buy software for each of the modules in Magic Submitter, you would have to pay ten times the monthly amount and would have to learn how to use all those different tools.  Magic Submitter is an all-in-one SEO solution that provides link diversity.

There are not that many products out there that offer Press Release submissions so this definitely sets Magic Submitter apart.

The link manager is a great resource because with an organized list of all the link URLs you can easily build links to links for a quick boost and better indexing rates.  You can also then social bookmark those pages and submit them to RSS aggregators using Magic Submitter.

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The Final Verdict

I have not used Magic Submitter yet but after researching this for literally hours, I now have a good idea about the product.  Magic Submitter has tons of happy users and performs many tedious SEO tasks for you.  For $67 per month and a 60-day money back guarantee, you really can’t go wrong.

Click Here to Visit Magic Submit and Get it today.

Books to Read Online: Jump Start Your Passive Income Dreams

So you have found some free time in your busy schedule to pursue your dreams in passive income.  That’s great, but now what? Do you drive right in hoping for the best? Do you read up and learn before you do anything and miss the opportunity to make money? I personally feel the answer is simple, DO BOTH.  That’s right do both, but how you ask?

It’s really pretty simple.

By now I am figuring that you have created your blog on a great site with great support.  If not I recommend BlueHost.com.  For as little as 4.95 a month you will have a get web hosting service for your blog and one click WordPress setup.   Here is the link if you do not have a blog setup yet Click Here

Now you have your website all set up and your ready to start blogging.  But where do I start and where can I find ideas to reach my goals.  There are a million and one different things you can do at this point.  Me Personally, I started blogging right way.  One of the best ways for search engines to find your blog is to have to have content. Besides writing content, I am also reading books I have found on Amazon.  The reason I am reading book form there is because Amazon is a trusted marketplace that people give their honest reviews of products on.   Besides great review on content they allow you to get the book in several different formats. From hardcover, paperback, eBook, to Kindle , there is at least one way you will find to begin reading and learning.

What Books have I Found Interesting?

As I am trying to gather as much information about passive income as I can right now, I have stumbled across many great books.  Here are a few of them that I feel can you also in your journey for financial freedom.

The 4-Hour Workweek

This step-by-step guide to luxury lifestyle design teaches:
•How Tim went from $40,000 per year and 80 hours per week to $40,000 per month and 4 hours per week
•How to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want

To read the full description Click Here

How I Made My First Million on the Internet and How You Can Too!

Automate your business so you can enjoy the ultimate rewards of profits, time, and leisure

To read the full description Click Here

Secrets To Creating Passive Income and becoming financially free – even in a slow economy

How to Get Paid for What You Already Know
How To Get Paid for What You Want to Learn
Duplicating Yourself
Making Your Resources Work For You
Making Your Money Work For You

To read the full description Click Here

Passive Income Ideas: The Ultimate Guide To Create Passive Income Sources That Will Produce Residual Revenue To Infinity And Beyond [Kindle Edition]

The easy way to make money is passively. But how do you create passive income? Passive Income Ideas will lead you down the path to passive income success. Many ideas are illustrated like making money from your own property, unusual investment ideas that work and creating passive revenue with the power of the Internet. So dive in and enjoy the ride!

To read the full description Click Here

Starting an Online Business All-in-One For Dummies 

Shares advice for choosing software to help you manage taxes, balance sheets, and other accounting chores; using PR and advertising tools that best promote your business online, including Google AdWords; and create a website that helps your business make money

To read the full description Click Here

That’s all I have for today folks. I hope you find this post interesting and useful in pursuing your passive income dreams As always feel free to leave a comment or share this post using the links below. Until my next post take care

Mike

Looking for Passive Income? Then CRUSH IT!

Do you have a hobby you wish you could do all day? An obsession that keeps you up at night? Now is the perfect time to take those passions and make a living doing what you love. In CRUSH IT!

Crush It by Gary Vaynerchuk is short, 140 pages or so, but that short form is consistent with his direct approach. It starts by outlining the importance of passion and Gary’s three rules for success in business and life: Love your family, Work super hard, Live your passion.

“Passion is everything.”

From there he shares his “hard working immigrant makes good” story of coming to the U.S. as a child from Belarus and numerous examples of how “hustle” and business savvy have been a part of his DNA from neighborhood lemonade stands to building up his father’s liquor store business from 4 to 50 million to creating another new business of his own, Vayner Media.

“It’s never a bad time to start a business unless you’re starting a mediocre business.”

The essence of this book is to find out what you’re really passionate about. Work your ass off, communicating that passion using whatever media format and channels are the work best for you and the audience you’re trying to reach. The passion will show through in the content you create, the connections and community you build and the legacy ,more important than short term financial gain, you leave from building the business.

“Story telling is by far the most underrated skill in business.”

Along with advice on creating content, choosing the right platform, being authentic, finding like-minded participants on the social web and social media marketing advice, he offers several ideas on monetization (some of which I’ll be implementing now), the value of patience and being adaptable.

“Be patient. In time, if you continue to hustle, you’ll grow your presence and improve your skills to the point where the fish – really, really big fish, will be jumping straight into your hands.”

Vaynerchuck admits his own contradictions, like do what your passion tells you no matter what, but also be adaptable in how you execute on your passion. He also makes a few comments that fly in the face of marketing (social or otherwise) key principles, like don’t pay much attention to analytics, but go with your gut.

“Anything is better than zero.”

Despite contradictions and rare advice that would make most marketers cringe, there’s no mistaking the success Vaynerchuck has achieved following “The Best Marketing Plan Ever” which he shares in the latter part of the book. He even goes so far as to offer a checklist and several business ideas he says he doesn’t have time to go after himself, so go for it.

“Legacy is greater than currency.”

For those looking for step by step instructions on how to develop a social media strategy and the specific tools to execute, this book has some of that, but it’s more about inspiration than “how to”.  To get anything out of a workshop or testing social tools yourself, you need to be inspired first anyway.

“Crush It” is an excellent book offering personal stories that illustrate the importance of passion, patience, hustle and the value of doing what you need to do to be happy. Success takes hard work and this book does a great job of showing anyone the framework for making what really makes them passionate and turn it into an online business.

In this book you will master the following

Learn: Why social media has evened the playing field, destroying the “gate-keepers” who had previously dictated the distribution of content.

Learn: How to beat unemployment and create wealth-building opportunities by building and maintaining a personal brand.

Learn: Why storytelling is the most important business concept in the current marketplace.

Learn: How you can build an online business around your passion without quitting your day job.

Learn: Why Twitter and Facebook are just tools and not a social media strategy.

Learn: How to take advantage of the half-billion dollars in advertising that are moving to the internet.

Learn: Why transparency and being true to yourself are now winning marketing formulas.

Learn: How to build and maintain an online community around your passion and brand.

Learn: Strategies for turning attention into money.

Learn: Why the legacy element of the internet era is so underrated.

To purchase this amazing book click here, and start CRUSHING it today

Please let me know what you think about this book, by leaving a comment.

Mike

Using URL Shortening as Another Passive Income Money Maker

Hello everyone, I have found another great use to add to your passive income stream.  I know a lot of people use URL shortening sites such as bit.ly .  But what do you get out of it? Do you earn money?  

Well I have found a URL shortener it’s called Adf.ly and they pay you every time one of your links is clicked.  Basically all you need to do is click the picture or the link at the end of this post, sign up and start shortening some URLs.  Adf.ly is twitter friendly, as well as Facebook .

Ideas for links

Some of the links I shorten and share are the following.

• YouTube video
• Facebook Posts
• Twitter
• Blog Postings of other Blogs
• Basically and link on the Internet can make you money

AdF.ly is a great way to advertise for your websites, blogs, or products. And your money goes to your Paypal account

There is also a referral program, earn money downstream from others that sign up, earn up to 20% of their earnings.

This is a great way to earn some extra income, check it out by following the link  below and start making money today.

Cheers

Mike

Get paid to share your links!