If you are solo professional and you are looking for a new route to take with your business, or you want to become a solo professional and you need a business idea, then keep reading. Inside is a way that you can develop and international empire without hiring a single employee and you can live anywhere you want.
The world I'm talking about is the world of information products. These are anything from videos, to reports, ebooks, to audio downloads. Anything that solves a critical problem for the customer can be considered an info product. You will start by looking to your own experience for your first few products, then you can broaden your horizons later by performing research and getting into collaborative efforts.
Once you have your product and a system for selling it, the entire process becomes automatic, selling for you 24 hours a day, all over the world. You won't have to worry about employees, or constantly working at a "job" where you are bombarded with customer questions all day. With information products, you only do the work once. After you have set up your sales page it becomes a small oil well.
Of course you will not become rich selling a single product. In fact, most people sell just a few products a month. The amount you sell will be related to the amount of effort you put in to generating customers through marketing as well as the level of interest that your niche has towards your product. You will be able to create a small empire of ebooks and info products after you develop your own formula. Each product will work independently, generating a small flow of monthly income, each product adding to the last.
If you choose to run a business that is just downloadable products, you will not ever have to worry about fulfillment and overhead costs, but there is a higher risk of people passing around your product without paying and you cannot charge as much money for most downloads as you can for physical products. Once you have a few products under your belt, you can also move into coaching and monthly recurring programs where people pay a monthly fee in order to work with you directly. These programs can be set up in a fairly automated way as well, so that you will not be tied down to helping a lot of customers. Information products truly are the perfect business for a solo professional.
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