Hopefully, by now you are starting to create your own products.
After all, one $50 product that you sell once a week will earn you an extra $2600 a year.
Sell it once a day and you’ll make $18,250.
Make a $299 product and sell one per day, and you’ll make $109,135 a year.
Get the picture?
So, tell me, have you got a product you can sell for $100 to $1,000 yet?
If not, or if you want another one, here are 7 ways to get ideas for products you can sell for serious money.
Method One: Get Ideas from People Already Doing It
This might sound like cheating, but it’s one heck of a good shortcut.
Get on every mailing list and pay attention to every product launch in your niche. Find out what’s selling, how well it’s selling, what’s great about the product and what needs improving.
Your goal is to find something that is working well and then create your own version that is even better.
Find your own unique selling point – a way for it to stand apart from anything else out there.
Remember, no copying and no plagiarism. You’re not stealing, but you’re not reinventing the wheel, either. Simply find out what is selling, and then find a way to make it even better.
Method Two: Do a Google Search for Webinars
Take a list of keywords from your niche and then search for each keyword and the word ‘webinars.’ If someone is doing a webinar, odds are they are selling a related product.
And if they’re selling the product via webinar, odds are it’s an expensive product, too.
Get on their webinars and take lots of notes.
What are they teaching on the call?
How do they sell their product?
What are the key benefits that make people want to buy the product?
What questions do people on the call ask?
You can learn a ton from being a regular on these calls.
One word of caution: It’s easy to get caught up in the enthusiasm of the call and wind up being a customer.
This is fine if you will actually USE the product.
But realize that just because you spent several hundred dollars on the product, you still can’t copy it.
Create your own original version and make it even better than the one you purchased.
Method Three: Search for Membership Sites
Again, use your list of keywords to find membership sites in your niche.
Watch your emails for advertisements for memberships, too.
Having a membership site is super lucrative because you get paid month after month for each member that joins.
Even if the membership fee is small, you can still make a six-figure income if you get the right topic in the right niche.
In fact, some small fee memberships sites do just as well as the big fee membership sites.
People don’t bother to cancel something that costs just $10 or $15 a month, and such a low fee can be an extremely easy sale, especially if you give them the first month for $1 or for free.
Method Four: Search for Workshops and Masterclasses
Again, do a Google search for each of your keywords and ‘workshop’ or ‘masterclass.’
These often sell for several hundred dollars. Best of all, you can hold the class once and then sell the recordings.
Or you can continue to hold the classes over and over, giving live help to each student.
I have 1 student who teaches how to start an online business. He sells his monthly class for close to $7,000 and provides coaches for the students.
He’s making a killing at this, too.
If this is too big for you, think of a smaller, more affordable version that you can offer, just to get started.
Then once you have a track record of success with your students, you can ramp up to a larger operation with live coaching provided to students.
Method Five: Look for Dimes to Dollars
Everywhere you go, both online and offline, look for methods that provide your customers with dollars in exchange for their dimes, or save them dollars in exchange for dimes.
For example: If you can show them how to earn $100 by spending $10 or even $50, you’ve got a great product in the making.
And if you can show them how to save $1,000 – for example, by purchasing your $200 product – you’ve again got a great product idea.
Method Six: Unmet Needs
Again, everywhere you go both online and offline, look for the needs and wants that aren’t being met.
Once you make a habit of searching them out, you’ll find them everywhere.
Then it’s simply a matter of choosing the ones you want to pursue.
For example, you’re frustrated because there is no software solution that does what you need it to do.
Do you think you’re the only one with this problem? Probably not.
Find out if other people would like the solution and if so, hire a coder to build it for you.
Bam, you’ve got a new product with a ready-made customer base.
Method Seven: Look for Complaints
Watch social media for complaints in your niche. You’ll likely notice patterns of questions and complaints that keep cropping up on the same subject.
Find the top 5 or 10, and you can create a masterclass that addresses all of these.