Thursday, 2 March 2017

Can You Make Money While You Sleep?



As our technology evolves we are moving away from physical products. These are being replaced with downloadable content. Our books, music, video files can all be watched and saved onto phones, computers and cloud based storage. This gives incredible potential for those with the insight to take advantage. Can you benefit from this significant advancement?

What are you an expert in?
What knowledge do you have that people would like?
Can you create a weekly course?
Or a book?
A video of your expertise?


A physical product can be sold once only but a downloadable product can be sold over and over. The only real cost on these sorts of products is your time. There are no material costs, as there are no materials. So any you sell are virtually profit. 


Example:

A physical book can be sold and will generate approximately £5-£20 profit, depending on content and physical attributes.

An eBook can be downloaded 1 million+ times in a year.


One other advantage is if you released a book in the UK it can be sold in the UK. If you upload on e-product it opens you up to a worldwide audience.If you create digital media it is an automated service. It can be sold 24 hours per day, 7 days per week and 52 weeks of the year. As it is automated once you have set it up there is little for you to do.


Audio Files


We download music onto our computers or our phones. Or we purchase a device like an Amazon Echo. How ever we listen the ability to hold an incredible amount of audio content is now the norm. Stored digital content is the future.


How does this relate to you?
Are you an expert at what you do?
Can you provide interesting content?
Can you generate audio information in the form of a course?


If yes, then why not start jotting down some ideas on the sort of content you can create.


eBooks


I have to admit I am a purist. I love holding a book. I love browsing book shops, perusing the covers and reading the sleeve notes. That said, there is an environmental cost that I find uncomfortable. So I own a Kindle. It has 700+ books on it. I never run out of anything to read. I run out of battery but never something to read…at least not while I have power in the device. When I have to sit anywhere for a long time I am not wondering what will I do when I finish the book I am reading. Now I select a new one. 

Again, are you an expert in your field?
Can you create interesting reference books?
A book of useful information?
Have you got a novel inside waiting to burst forth and entertain the world?


If yes, then please start thinking about the sort of books you can write.


eCourses


These are the above ideas but set up on downloadable or as weekly email courses. They are automated sending of information. Think of the sort of content you can create and perhaps how it should be separated into weekly parts.


Video Courses


A series of videos where you impart your wisdom can be set up to automatically send to someone when they pay for the course.


We all see these ‘schemes’ that offer money while you sleep or make a fortune. Most are based on having a digital product available. They offer the product for a significant sum of money on the basis that the information is invaluable. You can do the same but offering your product for a modest sum. You will not necessarily bring in thousands each month. There is no reason why you cannot make money though. As it is automated you can get back to what you do best.


Can you make money whilst you sleep?

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