Creating Your First Product for Your Online Business: Informational / Digital vs Physical
Creating Your First Product for Your Online Business
★ SUMMARY ★ Hey, it’s Sasha Evdakov, and welcome to BackstageIncome.com, where I share with you how money is made behind the scenes in your business and also your life.
There are a few different things to consider before you actually start creating your product.
Focus on your customer
One of the main things and most important things I think that you need to focus on is your customer because remember, the product is all about the customer and if they don’t want it, you’re better off saving your time and enjoying yourself on a vacation, than spending your time and wasting it creating a product where nobody purchases it.
As we start digging deeper into evaluating informational products and actual physical products, I will tell you that typically the product that has less barrier to entries are the ones that are easiest to create, and it’s the ones that get this snowball effect rolling for your business.
How to Create a Product: Steps to take to make it Happen
In this video, Lucy Beer & Lara Morgan talk about how they turned the idea to create shields for heels into a reality!
What Is a Digital Product & How To Sell Profitable Digital Products
We live in an increasingly diverse marketplace. People are earning money from a variety of endeavors, whether they hang out a shingle online or start a brick-and-mortar business.
What Is a Product?
A product is any item that you can sell to someone else in exchange for cash or barter. It could be a piece of produce, an electronic gadget, or a comfy couch.
Until the Internet altered commerce for the better, a product was always a physical object or item — something to distinguish it from a service. It was something you could pick up, see, smell, hear, or even taste.
What Is a Digital Product?
A digital product is any product you sell online that doesn’t have a physical form or substance. You can’t hold a website theme in your hand, smell an e-book, or taste a software program — Uber eats does come close though ; ).
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