First of all ... Happy New Year . It's 2019 .
What better way to start the year than with a topic that can make you money .
In this thread I'm going to show you what digital products is all about .
But before I begin , I'd like to tell you a story , so you can better understand this .
About 2 years , alot of guys complained about being " Single" right here on this app .
Most times its bants , often times you could tell its serious . It got to the point where you...
...see tweets like that at least 5 times a day .
And then one day , almost by accident , a guy noticed this and did a research of his own .
He checked out trends ,follow trains , "Say Hi , if you're single " tweets , etc .
He gathered all the data he got & compared them .
Satisfied with the results , he conducted one final test - ran a test ad to see how people would react if offered this solution .
So he set out to create an eBook about " how to get a girlfriend " & in few months , ended up selling 500 copies of it .
Incase you haven't figured it by now , that person was me .
And it took me 4 days to put everything together . Here's a link of the launch -
You can check it out yourself and see the different reactions I got , especially on a topic like this .
You see... People have different misconceptions when it comes to digital products .
But when you really understand it , it's a good side business to get into , especially if you're not boxed up .
So how do you start , what do you watch out for , what method do you use etc
1. FIND A Problem :
The is the very first step before you create your product . You want to make sure you're not just " assuming " .
But to be sure there actually is a problem & people are yearning for the solution . If you go offering a solution when there isn't any....
...you'd just end up wasting money , time and resources . Things you can't get back . Problems are very easy to spot eg -
How to get good homes in Lekki without being scammed .
Positions to use to give birth to twins .
How to relocate abroad without heavy agent fees etc
Now even though these examples are spot on , you still need to do your research , instead of jumping straight in .
One of the top marketers I look up to - Mr. Akin Alabi made a great explanation of this in his book : Small Busines , Big Money .
You can use polls , surveys , forums etc .
When you've done that , you now go to the next step -
2. Find A STARVING Market :
Good , you've gotten a problem . The next logical thing to do is finding out if the market is hungry for what you have to offer .
This is where...
...your research from No. 1 comes in .
Here's what I mean - The problem of " relocating abroad " is higher compared to say " getting a job in 9ja ".
If you give people the chance to pick 1 from the options , they most likely would prefer to go abroad .
Are you following ?
Of cos the second example is a problem but even if you offer someone a job in Nigeria as against the abroad , they'd still be fine with it .
And the best way (at least for me) to finding out if people are really hungry for something is using this - Google Keyword Planner...
I won't be able to explain this right now , you can google it to get a general idea of how to use one .
Now after you've mapped out how people are actively searching for your problem , you go to the next step .
Which is actually the bone of this thread...
3. Audience Location -
It's not just enough that you know these people have a problem . You have to also to know where they gather, so you can meet them there .
Cos here's the thing...when you know where your clients gather , it's easier getting that product...
...in front of them .
And you ONLY do this for one reason - Adverts .
If I want to sell a wedding dress , I might not get that much reaction in the Guardian Newspaper , but what if I head over to Bella Naija to try the same thing .
Like are you getting all these ????
It's important get it , cos if you don't understand up to this point , it's only going to get confusing going forward .
I suggest you read the whole thread again just incase .
Okay...now we have our problem , a starving market & location . What is the next thing we do ?
4. Product Format :
This is where the main work begins .
All what we have been doing is gathering of data , but now we put everything we have stored up until this point & start creating the product from the group up .
And it's basically simple , all you need is a PC &...
...you just start typing in your Microsoft Word .
But before then , ask yourself " what format would be best for my product ? "
Is it pdf , videos , audios , etc .
Quick tip - The format you use in creating it , is very important not just because of the kind of...
...product it is , but your customers as well .
For example , you can't create a product on " how to perform heart surgery " & you'd go ahead & release it as an eBook .
That's just silly & your customer might just bring police to arrest you by the end of the day .
After you've decided on the format to use , you start creating it . Whether text or videos .
If you don't have an idea about the topic , you can search for FREE articles on Google .
You also have to decide what bonus(es) to add to your product & what form they will take...
Is it consulting , 365 days support , FREE group , discount on future products , DIY perks etc .
The more valuable the bonus , the higher the chances of it making huge bank . Very important .
So now you're done with your product , next step is getting enough eyes to it .
5. Traffic (Paid) -
Remember our " Audience Location " we talked about in #3 ? Well this is where that stuff comes in handy .
I specifically put Paid in brackets cos alot of people depend on FREE traffic source as against PAID .
What you fail to understand is that....
...when you depend on FREE traffic , it might take a while before you make a sale .
But when you do PAID , you get results - fast . Infact you might end up making 1 - 3 sales if your copy is very good .
So that place you saw them gathered , you run your ads there , is...
...it Facebook , Twitter , Instagram , Google Ads , Nairaland etc
Or is it Offline ?
Because there are products (physical) that sell offline alone without traffic being needed eg Garri .
Are you following ?
Once you run PAID ads , it's even easier to scale up tbh .
Thread is getting long so let's just round up .
6. Website + Copy + CTA -
A site should be where people can go once they see your advert . It wouldn't just make sense to run ads when the traffic doesn't go anywhere .
You'll waste money you don't have if you've been...
...doing this .
When they get to your site , they should see your Copy .
What your Sales Copy does is talk about the product , what they will get , how it would be delivered , what format etc
Basically your copy does the job of persuading someone on why they should buy .
*flash advert*
I write copy for clients & small businesses , shoot me a mail if you need this service (it's pricey) .
Now after they must have gone through your sales page , they need a solid CTA (Call To Action) to act on .
Do you want them to fill a...
...form , call up a number , chat you on whatsapp , make payment etc .
People procasticate & if you don't tell what to do , they'll forget & go back to doing what they were doing .
You have to make sure they see your CTA layed throughout . Even add a P.S reminder as well .
You might make some sales at the beginning , you might not , at times you won't even make sales at all .
Results aren't typical so every individuals' would vary , depending on the amount of work put in .
All in all , digital products is something you should dip your....
...hands into this 2019 .
It doesn't cost much to set up , all you might need to pay for is domain + hosting which shouldn't be more than 20k .
Budget for your ads should be 10k since you're just starting .
Then your brain . Brain is FREE .
Then your Copy .
Copy is to ONLY thing that will persuade them to buy or not , if you can't write one , pls OUTSOURCE it .
I will create a LIVE training about " Digital Products " next month where we'll teach you how to create one , set it up & have it running...
...for maximum profitability .
If this is something you would like , then join our community here ==> facebook.com/groups/2508349… where we share hardcore marketing and sales .
Join us cos I might not mention this particular class here again .
Thanks for reading .
Cheers...