How to Make Passive Income with Your Digital Products
Over the past few weeks,I have written a series of blog posts which you can read to help you in launching your ebook ( or any digital product) creating more income streams for your business.
I invite you to check out my previous posts on this series below to get a full understanding of the steps you need to take to write, format, launch and sell your first ebook:
- The Fastest way to write an E-Book
- How to Publish, Launch and Sell your E-Book
- How to Make Passive Income by selling your Digital Products(You’re reading it Right now)
But, without any further ado (because if you’re anything like me, you’ve already put off publishing your first eBook for way too long!) , I’ll teach you how to write an ebook fast.
Disclaimer: This post contains affiliate links. This means I may earn a commission should you chose to sign up for a program or make a purchase using my link. It’s okay – I love all of these companies anyways, and you will too! You can view my full disclaimer here.
But here’s what most people do, and where they fail to create true passive income source in their business: they create a digital product, they have a huge launch for it, but once the launch period is over, they stop promoting their product, and, as a consequence, they stop making sales.
But the true beauty in launching an ebook is that you can launch it today and still make a profit from selling it months and years down the line (which is what I currently do with my digital products, and all on autopilot!).
Because that’s true passive income. But even that requires a little bit of work beforehand, and you can’t expect to just wait for the sales to fall in your lap without a strategy.
To help you make money from your digital products, and especially from your ebooks, I’m going to use this post to take you through a few strategies you can do to make sales for your ebooks (or digital products) after you launch them.
5 STRATEGIES TO MAKE PASSIVE INCOME WITH YOUR EBOOK
- Work with affiliates
- Email funnels
- Content Marketing
- Tripwire Pages
- Offering discounts /having flash sales
1-WORK WITH AFFILIATES
When you are using a service like sendowl they allow you to have unlimited affiliates. By working with affiliates you can get help promoting your content for a cut of the price.
You can reach put to people in your niche who you think would be interested in working with you and create promotional banners and once they accept you have your affiliates. You can apply to join my affiliate program here.
You promote your product with your email list then stop because you think that everyone has already heard about your ebook but you forget that new people join your email list daily. You can create a separate funnel for people who join your email list daily and then you won’t be giving your old subscribers the same content.
You can add links to your products in your already written content or you can write a post and include links to your products there. Don’t forget to keep promoting your posts. You can use a social media scheduling tool like Later to do this.
Tripwire pages are those pages which a user is redirected to after completing an action. You can use the page to add a limited time discount along with a timer which shows how much time is left. This gives people a sense of urgency.
You can offer limited-time discounts/flash sales to your audience. You can either announce your sale before it begins or you can just do the sale unannounced. You can also ask your affiliates to spread the word about your sale on their social media accounts and email list.
And there you have it! These are my 5 strategies to make more passive income by selling ebooks, or spike your sales if you’re having a slow month.
And don’t forget to check out the previous posts on this topic if you’re not ready to sell your ebook yet, but you need some help creating and publishing it:
- The Fastest Way To Write Your First Ebook
- How To Publish, Launch And Sell Your First Ebook
- How To Make Passive Income By Selling Ebooks (you’ve just read it)
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