How To Create Your Next Information Product - Update Existing Product

bySteve1958

9.6K followers

8 years ago

Greetings from Adelaide in South Australia...

This is the fourth in a series of posts I am publishing on HOW TO CREATE YOUR NEXT INFORMATION PRODUCT.

Below are the links for the first, second & third posts I have published, just in case you missed them!

https://my.wealthyaffiliate.com/steve1958/blog/how...

https://my.wealthyaffiliate.com/steve1958/blog/how...

https://my.wealthyaffiliate.com/steve1958/blog/how...

Most of us here at Wealthy Affiliate have spent a lot of time and many dollars before we found the WA platform, avidly seeking any way possible to earn just one dollar from internet marketing!

At some point, we have all been introduced to the concept of becoming an Affiliate Marketer, and I'm sure everyone will agree, the training here at WA has given us all the first gasp of hope that it might just be possible!

Perhaps I am a little ahead of myself and for some of the newer WA members, however in the 4 plus years I have been trying to set up an internet business, just about all the 'GURUS' who convinced me they were the best, had one recommendation in common...

CREATE YOUR OWN PRODUCT!

If you have a business selling information products, then you need to create a lot of products. This includes lead magnets, tripwires, main offers, upsells, backend products and the list goes on...it sounds like stocking your sales funnel could take a long time!

Surely, the best product you could ever have is YOUR OWN! It really is easier to do than you might think!

I think we have all realized by now, it's not easy to get up and running without some down and dirty hard work! And that’s why I would like to share some of the ideas that have been presented to me over time. Hopefully I will be able to present some ideas for you to think about, and hopefully you will start to sew the seeds in your mind as to how you can start to create your own information product. And most importantly...learn how much better it is to work smarter and not harder!

UPDATE EXISTING PRODUCT

A quick, easy & cheap way to create a product fast is to simply update your own or an existing product. There are two ways to do this...

If it’s a fairly recent product (perhaps you launched the product in the last year or so), then you can update it, expand certain sections, add new information, and then launch the new product as the “2.0” version or the current year’s edition of yours or another affiliate product where you have the rights to do so.

For example, your product might be called 'I Am The World's Best Internet Marketing Guru.' You can update it and call it , 'I Am The World's Best Internet Marketing Guru' 2016 Version.

If it’s an old product, then you can revise, expand and update it, and then launch it as a completely new product! Now you have 2 products to sell! You might even put it into a different format, such as turning a text product into a video tutorial product. Now you've got 3 products to sell...bundle them all up and charge 3 times the amount of money you were getting for just one product! There's all sorts of things you can do...

Using the example from above, 'I Am The World's Best Internet Marketing Guru' 2016 Version could become the The World's Best Internet Marketing Guru Guide to Marketing video series!

Thanks for taking the time to read this post...

I hope you have found it interesting and informative...I welcome any comments, questions or feedback you might have to offer...

Best wishes and much success...

Hope you all have a great weekend!

Steve