How to make your own products?

I told that to have your own products is necessary to increase your income.

But many people don’t know how to make their own products.

So, I will introduce the types of products for information businesses.

There are consulting services, web based teaching materials, books, online schools, online communities, seminars.

These are the typical products for information business.

The most simple product is consulting service.

If you have something that you are good at, you can teach your customers the skill.

And it’s profitable to some extent.

Because it doesn’t cost so much. You don’t have to buy equipments or facilities. Almost no cost.

So, it’s good way to choose consulting service as a first product after starting a business.

The period of consulting service depends on situations.

One day, one week, one month, one year, etc.

I recommend a long term contrast.

Because you can easily get high fees.

As I explained in the past article, “small profits and quick returns” are the worst strategy.

Small profits and quick returns are the worst pricing strategy for small business

So, you had better set price high for consulting services.

I will describe the other products at the next opportunity.