I need to make a product and so do you.
So does everybody! I want to loosely define a product in this context as something I create ONCE and KEEP SELLING FOREVER.
Making a product is one passive way you can make a lot of money if you play the game smartly. And making a product is now easier than it sounds.
I am sure you can see my emphasis is on making it ONCE and selling forever, this rules out manufactured products like bicycles, laptops and the likes. I think the space I want you to consider is the digital space.
You should make an information product. With a digital information product like an ebook, audio or video resources, you make it once and keep selling forever!
What can I produce?
- Teach us how to do something
- Look for someone who can teach how to do something, package it and split profit.
Everyone knows something that other people do not know. What do you know that others do not know and they can pay you for teaching them?
Once you decide on what to do, write an ebook about it or make a video. You are on your way to add value to people’s life and make some decent money from such a passive source.
__________
Watching The World
- This 8-Year-Old Makes $1.3 Million A Year By Posting YouTube Videos
- Larry Ellison steps down as Oracle CEO
