Turn your Hobby or Interest into Cash

Authored By Barry R Chambers

Making Money on line and off is an excellent easy way to use your time to become financially free.

There are various methods, many that you may know of but by far the most interesting and enjoyable, as well as being extremely profitable is to use your knowledge and create your own product.

The essential advantage of creating your own product and marketing it is that you keep all of the profit!

You can also offer an affiliate scheme to it and earn money from this without doing any of the marketing. You simple allow someone else to market and sell it whilst given them a commission on it. You sell it from your own site which they link to with an affiliate code. If you give a good enough commission, say 50% then this should inspire them to work their tails off to make it work! You simple sit back and collect the cash.

You can also offer resell rights to your product and cash in on this as well!

Digital products can be emailed to or downloaded remotely by your customer. However and here is an interesting fact,

"A LOT OF CUSTOMERS LIKE PHYSICAL PRODUCTS."

They like to receive a box that they open and find their ordered info product inside. We are all kids at heart and this satisfies one of our basic needs. It's like opening a present.

These can provide a greater profit margin though.

These are tapes, manuals, videos, CD's and DVD's.

The move is now towards the DVD's and CD's as tapes and videos are really old technology although you can still see these formats being sold.

These products have one disadvantage, if you can call it that.

They have to be shipped (posted), but you can charge the cost to them.
I do not believe this is a real problem as they can be drop shipped for you, where you supply a master copy to a 'Drop shipping' company and they copy and send it out for you. You have to pay for this service but it saves you the task. You can still ship yourself.

Other benefits in shipping Physical info products instead of digital are;

1.Your customers do not have problems downloading or opening it. This saves an email dialogue with for help to sort the problems out.

2.The customer does not lose the file on their computer

3.If sent by email the file doesn't disappear into the 'Spam' filter'. This causes more email correspondence with the customer as to whether the product was actually sent! This could question your credibility and if on eBay may result in the dreaded 'NEGATIVE FEEDBACK'.

4.They have a Physical product that they can review and watch whenever they want without having to switch on their computers.

5.They do not have to print off any manual using their printer and paper and ink.

6.The physical product is on view with your name and links on it.

THE INFORMATION PRODUCT

When people search the internet they are looking for information, often for free but they are willing to buy it! They may want to know how to catch more fish or they may want to know how to make jewellery for profit. There are almost infinite wants and YOU may have just the information they are searching for.

So how do you convey that information fully and more importantly, adequately to your audience? By DVD of course. Now you may ask HOW do I do this? Don't worry help is at hand. Take a peak at the possibilities here!

DVD's make excellent information products and you can produce them. This is potentially a huge market.

What if you have an unbelievable method of catching more fish or some amazing health or life style secret?
You should be sharing it with your fellow creatures, for a profit.

You do not have to be a genius to produce these.

I DON'T KNOW WHAT TO PRODUCE?

To get some ideas go and look in any major store that sell magazines. Look at the huge different specialist magazines. I will call all these specialist areas "NICHES." A "NICHE MARKET" exists for many, many hobbies. And you know what your own interests are. Can you use your specialist knowledge to inform others

In other words, "How 2 Do It?"

What's a niche magazine?

For uninitiated it's all of those magazines from home building, fishing, martial arts etc. etc.

There are too many different niches to list, and you can see some of them from the magazines on the shelves. You may have a hobby or interest that you can give information about and this information can provide you with an income. The best way is to provide this on a DVD that you can easily produce.

Lets be honest we are all lazy at heart and that's why we buy these info products or info magazines even though with the internet we could probably find the same information. What we cannot possibly find is the information that only an individual may know.
Use the information and tips you have to make you money.

There is an un-ending need for information. Look again at the magazine racks. Each magazine is produced every month, month in, month out. There must be a huge market to keep these magazines being published.
Everyone has some specialist area or knowledge they can use to produce their own niche or support and earn from an existing one.

What is the best format to send this information?

You can write about it in a book or report with pictures or it can be put on a CD or audio tape.

I would suggest that by far the best way is to show them on a video or the modern equivalent, a DVD.

Everyone likes to watch someone showing them how to do something. Just look at the many television programmes that show you how to cook, repair and renovate houses, restore cars etc. etc.

If you are able to produce your own information product related to one of the niches you have the opportunity to make money.

How much can I make?

Who can say what an individual can make, for any Niche area, but the prospects look good. Let's look at the possibilities and be very, very conservative.

You produce an information product on DVD. The DVD costs about 60 pence to copy. Now, let's say this is sold for £ 29.95. If you only sell 100 of these you will turnover £2995. Not bad for 100 sales. However with millions of people on line, who are potential customers.100 sales is not a lot.

Let's say you produce one DVD a month, and sell 100 of each, you could earn, well I let you do the maths.

DVD's are easy to produce. You need a digital camcorder and maybe some information from the experts on how best to do it.

The DVD does not have to be of Hollywood Studio quality.

Most people have a digital camcorder and the other equipment required will not cost a lot.

I hope you have enjoyed this article.

I will be providing additional articles where you can learn to make a difference to your lifestyle and income, by doing something exciting from your hobby and from something you enjoy. You never know, soon you may be giving up your day job, or making a good second income!

For further information, help and ideas please feel free to visit me at finbarrdirect.com.

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