One of the keys to successful digital product creation is picking a problem you can solve. Too often, many new Internet marketers will choose to create a product they like, but that usually doesn’t solve a problem that is currently in the marketplace.
As a result, there is no real demand for that product. Very simple, no demand no money!
The common result, in this case, is that the person will go to a great deal of time and effort to create his/her product, but when no or few sales comes through, the person becomes disillusioned by the prospect of making a profitable living online.
To have an in-demand product, you need to create a product that solves a problem. If this problem is widespread throughout the industry, and you develop an effective solution for it, people from all across the industry will want to get their hands on your item, setting you up for some nice profits.
Thus, it is critical that you find a problem you can solve, then develop a solution for it, whether it’s an e-book with information of an effective solution for the problem, a software program that can alleviate the problem, etc.
You may be wondering, “how do I identify a problem I can solve?” Here, you will need to do some observation and some research. Some of the best ways are to go to your favorite search engine, type in the industry or topic you are interested in along with “+ forums.”
This should bring up a list of online forums that serve the people in that industry or who deal with that topic. You can go to these forums and read about the current topics and issues being dealt with in that industry.
You may have to register at these forums first in order to access some sections of them, but this is not the case at all forums.
If an issue or problem continues to be brought up by several members of a forum, chances are that this is a problem you can build a product around in an effort to solve or alleviate it.
This is a problem that is demanding a solution, and you have the opportunity to provide that solution and make good profits by doing it, plus build your reputation as a problem solver and solution creator.
You can also read about various topics and information in online newsletters, magazines, and ezines related to your industry to find potential problems that you can build a product around.
There are statistics in publications regarding common problems people in an industry are facing; if the statistics indicate a lot of people are struggling with that same problem or issue, you can create a product about and solve this problem.
The idea is very simple. Give solutions make money!
5 Tips on How to Create a Product
Do you want to create your own product but you don’t know how? Here are 5 tips to help you.
1 – Write EBooks.
One of the hottest selling products on the net includes information products.
EBooks are hot selling products on the net if you provide quality information.
Make sure you write great eBooks on the topic you specialize or have interest and you can sell tons of eBooks online starting today.
Make sure you also create short reports…
2 – Write Reports.
Writing short reports on a particular topic are also pretty awesome products.
There are many reports popping out nowadays focusing on a particular niche, you can create one that solves a particular problem of your niche and you will sell them easily.
Whatever you do focus on a niche…
3 – Focus on a Niche.
It is very important that you focus on a particular niche if you are planning to sell your products online.
Don’t go about selling a marketing related product.
Rather show people how to market their products using submitting articles in directories, this is an example of a niche market.
The more you focus on a niche the higher sales you will receive for your products and services.
Hire someone to create your product…
4 – Hire a Ghostwriter.
If you feel it is frustrating to create your own product you can simply hire someone to create a product for you.
You will get many who will create a product for you through outsourcing based sites like elance.com
Find someone and pay them well to churn out a quality product in your niche.
Also, make sure to use PLR content.
5 – PLR Content.
There are many sites online that will provide you PLR content on various niches.
Pick up one product and create your unique product out of them by stuffing your name inside it.
This is one of the fastest ways to get hold of your own product.