How Much Can You Make Selling Information Products Online?
Friday, May 22nd, 2009By Lee Noble
One of the best ways of earning passive income online is to sell information products. What that means is that you are no longer swapping your time for money, the money comes in while you are ‘passive’ – hence the term “Passive income”. The way it works is that you make or build your product once and put up a site on which to market it. Then the website does all the work for you, selling your product over and over again. What sort of income could you expect to make online selling information?
Well, you can do forecasts based on the industry averages to make a prediction of your potential. The industry average for selling downloadable products via a website is about 1%, that is 1 in every 100 people that visit the site will buy the product. So if you can get 200 people to visit your site each day, and 1% buys a product (say the price is $40) then at 2 sales each day, your site would average $80 per day, $560 per week which makes $2240 per month. Do you think you’d like an extra $2240 a month passive income?
Earning passive income of over $2000 a month would probably make quite a difference to most people’s lifestyle, what about yours? Of course those numbers are based on only 200 visitors a day, what if you could get more? What if you could get 500 or 1000? Of course there are some products that will sell at a higher or lower conversion rate; however 1% is a good average to calculate your figures on.
Some people just set up one site and let it tick over without doing anything else, others will choose to duplicate the process over and over giving them the opportunity to leave their day jobs. There is a couple in Australia who have done just that, they made over $200,000 their first year of their online ventures.
For some, it is possible to create a business around a topic, selling more and more products in that niche. For others, finding new ideas constantly and setting up websites in several niches is the way to go. You can expand your business by making other products for those who bought the original product. Make something in the same niche and market it to them. This can work very well and give you repeat customers over and over again. You can even expand on this idea and create an ongoing membership package for which people will pay you a monthly fee to keep receiving your information.
Selling information online is a really great way to create a passive income for yourself.
Selling information products is an effective way to set up a business that earns passive income.
If you’d like step by step training from Andrew and Daryl in how to do this yourself, book in to our next workshop – here’s the link.

