Step 1: Come up with a product idea
It is not easy or a necessity to come up with a new idea in the market. However, you can look at the products that are already available and the problems their users are experiencing. Then, come up with ways to solve the problems as you improve the performance and functionality of the product.Step 2: Validate your idea
This helps to ensure that your idea is good and admirable to the people. You could just create the product and throw it to the market, but if people don’t like it, then it will be hard for you to make cash out of it.To validate your idea, ask people whether they can pay money for it.
You can post the idea on “Topsy” and ask people whether they would be interested in it. Go ahead and ask them to place orders if they would like the product. After receiving a good number of orders, you can now proceed and create the product.
Step 3: Create the product
Depending on your investment budget, you can choose to create a physical or digital product. Digital products such as eBooks are the best way for newbies since they generally need your time and little or no money only.After creating the product and delivered to your first customers, you can go ahead and open up the affiliate network.
Step 4: Find affiliate program partners
To raise the number of sales and revenues in turn, you need to find affiliate partners or networks that will connect you to the marketers, who will promote your product.The networks also help in collecting revenue from your product’s sales. Some examples of these networks include Gumroad, Digital Product Delivery, Amazon, etc.
The important part is to find a person to collaborate with and help you find an audience interested in your product. Commissions and other details can be added later after getting started.
Nevertheless, remember that you can just become an affiliate and promote your products yourself.
