The question posed by this title is a common one and I personally believe that it depends on whether or not you possess a few things within you already. I will be asking you three question to help you decide if you're equipped to create and sell information on the internet. The good news is that even if you answer "no" to one or more of these questions, it doesn't mean that you cannot attain what you need to make this a reality.
Are you ready? Here are the three questions.
What are you passionate about? Is this an area in which you possess passion about something that would benefit others by solving a problem or helping them overcome an obstacle? This may seem like an odd question, but it's the place you must start.
Are you ready? Here are the three questions.
What are you passionate about? Is this an area in which you possess passion about something that would benefit others by solving a problem or helping them overcome an obstacle? This may seem like an odd question, but it's the place you must start.
You see, it's possible to create an information product on something that you really don't care much about. However, once you try to sell this information online, it will be very difficult to wake up everyday and perform the hard, yet necessary tasks to attract customers. On the hand, if you've created an information product in a niche that you're passionate about, then you will have a powerful reason to work hard to attract prospects. You will desire that others benefit from your passion.
Do you have knowledge in this area? Just because you have a passion for something doesn't mean you have enough knowledge to teach others. Now I realize that in many if not most cases, passion leads to a desire to know everything you can on a particular topic, but this isn't always the case. Therefore, assess your current level of knowledge. Here's a good test. Could you teach at least three hours on your niche? If not, it's no big deal. Simply go out and become a student of your niche and in a few weeks, you should have enough knowledge in this area to create your info product.
Is there a demand for your idea? It doesn't matter if you think you have the best idea since sliced bread. If there's no demand for it, then it's really not a good idea. I admit that some products without demand have come to fruition and gone viral, but most all these ideas where promoted heavily with massive budgets. Most people don't have the budgets to pull this off. Even if you have the budget, it's extremely risky since you really don't know if a demand can be created.
To determine if demand exists, search for books that are selling well in your niche. If you find books that are selling this suggests a need for information. You can also look on community-driven sites to see if questions are being asked relative to your niche.
That's it in a nutshell. Hopefully this all makes sense to you. I've been down this road more than once, so I know how important these questions are. I ask myself these every time I want to create and sell a new product.
Article Source: Scott Brooks
Do you have knowledge in this area? Just because you have a passion for something doesn't mean you have enough knowledge to teach others. Now I realize that in many if not most cases, passion leads to a desire to know everything you can on a particular topic, but this isn't always the case. Therefore, assess your current level of knowledge. Here's a good test. Could you teach at least three hours on your niche? If not, it's no big deal. Simply go out and become a student of your niche and in a few weeks, you should have enough knowledge in this area to create your info product.
Is there a demand for your idea? It doesn't matter if you think you have the best idea since sliced bread. If there's no demand for it, then it's really not a good idea. I admit that some products without demand have come to fruition and gone viral, but most all these ideas where promoted heavily with massive budgets. Most people don't have the budgets to pull this off. Even if you have the budget, it's extremely risky since you really don't know if a demand can be created.
To determine if demand exists, search for books that are selling well in your niche. If you find books that are selling this suggests a need for information. You can also look on community-driven sites to see if questions are being asked relative to your niche.
That's it in a nutshell. Hopefully this all makes sense to you. I've been down this road more than once, so I know how important these questions are. I ask myself these every time I want to create and sell a new product.
Article Source: Scott Brooks
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