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Product Creation - Easy Steps to Produce a Profitable Product

April 13, 2012 | Comments: 0 | Views: 137

In this article I'm going to show you how easy it can be to create a profitable product. This involves two aspects: coming up with an idea that will sell and turning that idea into an actual product. I'm really focusing on digital products rather than physical ones. This would include items such as ebooks, mp3 audio recordings and videos. Digital products have the advantage of being quicker to produce than physical ones generally and also are easier and cheaper to deliver to your customer.

So how can you come up with a profitable idea for a product or assess if your existing ideas will be profitable? There are some key criteria that need to be met in order to have confidence that your product idea will actually produce a good income. First your product must deliver a result or benefit that a large number of people are interested in. Second it must solve a problem or challenge that people really want to solve as a matter of urgency. Third people must be willing to pay to get the solution.

So how can you find out if your idea meets these criteria? A quick search on Google using your keywords will help you determine if there is sufficient interest. Also by looking at the number of paid adverts you can get an idea of whether or not people are willing to buy similar products. Another indicator of the level of interest for your product idea is to look at the number of books on offer at Amazon. By the way these are also good ways to get ideas in the first place.

So having come up with your idea, how do you then turn it into a product? Depending on your level of experience and knowledge with your chosen topic, there are two or three main stages to moving from an idea to a product. These are pretty much the same no matter what format you intend to use i.e. ebook, mp3 or video. If your topic is relatively new to you then you will need to start with some research. This could involve searching online, buying and studying the leading books and/or products on your topic or interviewing and learning from the current experts. Next is the preparation stage. Here you are going to create organised notes that show how you are going to structure your information and the main points you will cover. Finally you need to actually write or record your product.

By the way do you want more information about creating products?

If so, download my brand new free eBook, Lead Generating Ebooks.

Source: EzineArticles
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