Product Creation Ideas to Grow Your Business Profits
Do you need some product creation ideas to reach the next level of your business revenue?
We all have the same amount of hours in a day, but it’s how you use that time that determines your success.
Product creation provides an additional stream of income in your business that will grow your revenue and audience reach.
Does the idea of creating products make you squirm?
It doesn’t have to because you can create new products with content that you have already produced. Therefore, all you have to do is get a little creative and explore how you can monetize that content with a fresh look and format.
Product Creation Ideas to Use From Your Existing Resources
Existing content is where the ‘easy’ part of product creation comes into play. For example, review your existing content and products to discover what you already have that only needs some updating.
As a result, you can pull together a bundle of products on the same topic that has never been sold together.
- Add a video to demo a process in your eCourse.
- Use your workbook to create an interactive checklist.
- Update graphics and screenshots.
The time and research you did to create your webinar certainly get extra traction when you re-package it. So, clean up the script you used and transform it into a Workbook. Or turn it into a mini-email series. On the other hand, you can insert some of the slides you used during the webinar, and suddenly you have a product you can sell.
Take one of your ebooks or lead magnets and create a checklist from the contents or turn it into a workbook. Workbooks are hot right now and with good reason. It is interactive and adds value to the consumer.
Your blog posts are an ideal source for creating products. We use a nifty little tool called Designrr. It will take your blog content and create an ebook from the material. Add some images and links, and you have a finished ebook you can sell with minimal effort.
If you'd like to see Designrr in action, click here and we'll show you exactly how we use it in our business.
These are very popular because your customer can tackle a single problem and get a solution in a short period. If you solve one of their problems. As a result, they will likely see you as their go-to person and purchase other products or services from you. Most importantly, make sure that they will get results at the end of the mini-course.
Templates and Checklists
Who doesn’t love templates and checklists? They bring order and consistency into any business. The templates save time, and the checklists make sure that something was not missed or overlooked.
Productivity is something that successful business owners need to grow their business and revenue. Templates and checklists save them valuable time.
What makes the templates and checklists an easy product creation idea for you, for example, is that you can use the table of contents from your webinars, ebooks, and courses you already have to make a checklist.
Pull your content from whatever sources you have and arrange it in a planner format. A planner will provide daily tasks that lead to the desired result for your customer. They can set aside on their calendar to do an easy task daily. Make sure that the consumer can achieve the promise you make to them.
Hands down, purchasing quality PLR (done-for-you content) is one of the easiest ways to create a product if you do have content you can use. Not sure how to find quality PLR?
In conclusion, if you are a coach or service provider, creating a product that will help a client solve one problem is an excellent way to ease them into your higher ticket products like coaching and services. When they get results using your product, they will know you are the right person to help them with their needs for years to come.
In the comment section below, share your product creation ideas. If you found this interesting and informative, please share using the social options to the left.
Join us this month for the MyNAMS Insider’s Club Monthly Challenge, Simple Product Creation.
There are so many things that an online entrepreneur must learn to be successful. It can be incredibly overwhelming, but in our singleness of purpose approach, we most importantly focus on one essential topic each month and dig deep into that.
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David Perdew is the CEO and founder of NAMS - the Novice to Advanced Marketing System. He’s a journalist, consultant, and serial entrepreneur who has built one of the most successful and fastest-growing business training systems online today called the MyNAMS Insiders Club.
The Novice to Advanced Marketing System is a step-by-step system focusing on Team, Training and Tools to help novice to advanced business people build a Simple, Scalable and Sustainable business.
He took a year off in 2003 to personally build a 2200 square foot log cabin in north Alabama where he and his wife and two dogs and a cat live on 95 acres of forest with four streams and 60-foot waterfall.
The NAMS team includes his daughter, Jen, who is an email marketing and automation specialist. Jen runs the day to day business and is one of the primary trainers in our MyNAMS Insiders Club.