Seriously, have you ever received an affiliate commission before the product was even created? Of course not. A frequent objection I hear from affiliate marketers is they don’t want to create their own products because they will have to wait until after the product is created to get paid. BUT, what if you could get paid before you create the product?
Here’s how you do it: Offer to let your customers watch over your shoulder as you do what you’re going to teach. In other words, do a live case study so they can see step by step what happens.
Let’s say you were going to make a product on how to sell t-shirts. You would let them see the process from start to finish, watching everything you do. You then take these recordings and sell them as your finished product, too. So you get paid in advance by people who want to see you do this as you do it, and then you have an asset you can sell over and over again.
Pick something you want to learn that others want to learn, too. Spend a week or two learning the basics, and then do it. Whatever it is, just do it. Then report on your results as you go. That is, document each day what you do and the results you get.
How to Promote Your Product to Buyers
There’s likely no need to make a humongous promise, like earning a million bucks in 22 days. Who’s going to believe it anyway? Instead, promise that you’re going to show them how to do the thing that you’re teaching. You’ll use video, screenshots, writing, etc., to show them what to do in each step and how to do it, and what to do if this happens or that happens. And when you make a mistake, add that in as well, since it shows them what not to do.
You’ll begin with the very first step, whether it’s research, finding an outsourcer or whatever, and do it in chronological order. It’s easy for you to do this way, and it’s easy for your customers to follow, too.
In your marketing, you’ll tell them why they should care about what you’re teaching – for example, that it’s an easy market to break into, extremely hot and so forth. You’ll also tell them what expertise you already have that you’ll be applying to this training, if any.
Then you’ll tell them exactly what they’ll learn, step by step, and what they’ll get out of it. It might be as simple as they’ll have their first product sold.
This is how you market the product before you’ve even made it. After you make it, then you’ll know your exact results. Maybe you sold 82 units in 21 days. That can become part of your promise, that you’ll show them how you did it, and maybe by copying you, they can do it, too.
But What if My Product Doesn’t Sell?
Hey, it happens. You spend hours, days or weeks creating a product and only sell a few copies. Guess what? That’s okay, for two reasons. First, you now have more experience creating products. Second, and this is the big reason – you can re-purpose the content. Maybe it didn’t sell as a $27 product, but can you turn it into a Kindle book and sell a few copies a day? “But I’ll only make $5-$10 bucks a day on Kindle.” Yeah, multiply that by 365 days and tell me if it’s worth it.
You can re-purpose it into list building material, email autoresponder series and so forth. You can rename it and re-market it, because odds are you didn’t do a very good job the first time because you’re still learning. You can use it as a free bonus to sell more of your next product. You can repackage it – if it’s audio, add video. If it’s video, add a pdf. You can sell rights to it. You can sell an entire website and sales funnel based around it, and so forth.
You now have an asset. And even if it didn’t sell very well in its first incarnation, there are plenty of things you can do to still make money from it.
The Big Why of Creating Your Own Products
Do you know why you should create your own products, above and beyond what we already talked about? Because when you create products, you are exchanging a few hours of your time for an asset that can pay you for months and years to come. Creating and selling your own products will allow you to travel the world if you choose, enjoy more financial security than 95% of the population of the U.S., and live the life you want. And if that isn’t reason enough to create your own products, I don’t know what is.